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Mathematics/Economics Option

 

Why Mathematics/Economics?

Career Opportunities

Mathematics/Economics Major at IUP

 

The Questions....

 

I love the challenge of math, but I care deeply about social issues as well.  Is there a field that combines both?

 

Math excites me, but I want to apply it to "real" problems.  What should I choose as a college major?

 

The Answer....

 

A mathematics/economics major at Indiana University of Pennsylvania!

 

Why Mathematics/Economics?

 

If Congress chops $150 billion of government spending to balance the budget, will the economy boom? Or, will the spending cuts force firms to lay off workers and send us into a recession?

If Nike boosts shoe prices by 5 percent, will consumers run to Reebok? How many? Will Nike profits rise or fall?

What is the most cost-effective way of cleaning the environment? Must a guarantee of basic medical care for all citizens break the bank? Do harsher prison sentences deter criminal activity?

If Pizza Hut wants to grab more business, should it open new restaurants? Expand its menu? Lower prices?


Answers to such questions require solid grounding in both economics and mathematics. Economists model the way people behave: the way we respond to financial and non-financial incentives. Economic theories frame the issues, but mathematics provides the tools. Which economic theories work? We need data and statistical tools to tell us. Which policy options are the best? We need mathematical tools to measure costs and benefits.

 

Career Opportunities

 

Students with a joint background in mathematics and economics face a wide variety of career options. Many pursue graduate degrees in fields such as economics, operations research, public policy, law and business. They find a strong demand for their services in such diverse areas as finance, business research, education, management, and public policy analysis.
 

"Economics and mathematics are like automobiles
and gasoline. Separately, it's tough to see what
they can do. But, put them together, and you can
really go places!"

-Dr. Robert Toutkoushian
(IUP Class of 1984) Executive Director of Policy
Analysis, University System of New Hampshire


"A math/econ degree is a perfect start for a career
in business planning or public policy analysis."

-Dr. George Chressanthis
(IUP Class of 1977) Senior Economic
Analyst, Wyeth-Ayerst Laboratories



The Mathematics/Economics Major at IUP

 

IUP is one of the few Pennsylvania schools offering a bachelor's degree in mathematics/economics. Students take introductory courses in both disciplines and choose from a variety of upper-level mathematics and economics electives. Liberal Studies core courses are required of all IUP students, and a range of free electives complete the joint curriculum

 

Internships and independent study option are also available.

 

Both departments offer a student-centered environment and a tradition of excellent instruction. Classes are small and are taught by faculty members, never graduate students. Introductory classes average from thirty to forty-five students. Most upper-level classes range from ten to twenty-five students.
 

Interested?

 

For more information about our departments, our faculty, program requirements, and what we offer, visit our web pages at http://www.chss.iup.edu/economics/ and http://www.ma.iup.edu.

 

You can also contact Dr. Stephanie Jozefowicz by email at smjozef@iup.edu or at Department of Economics, IUP, Indiana, PA 15705, (724) 357-2640.

 

Phone calls, letters, and personal visits are welcomed!


Correspondence regarding this site should be sent to its maintainer, Nicholas Karatjas, Nicholas.Karatjas@iup.edu. Please see IUP's statement regarding pages that do not officially represent the university.