<p>I have been looking into double majoring in Mathematics and Economics and have been told by some of the advisors many of the classes should overlap....is this true? how many classes could i overlap and how long would it take me to achieve a double major at LSA transferring 60 credits in with differential equations being the highest math completed?? </p>
<p>any other info is welcomed. thanks :)</p>
<p>i honestly don’t think they overlap much. Sure u got the math portion out of the way, but you probably still have a lot more econ classes to go. Go do a simple search in umich.edu</p>
<p>not nearly as much as one thinks</p>
<p>only reason is that they ‘suggest’ Calc I, II, and III, two statistics courses, and math beyond Calc IV when realistically you can get by on Calc I and II</p>
<p>so if a student in LSA wanted to double major there wouldnt be much classes overlapped? I am trying to figure out how long it will take me to double major, which could sway my decision of just minoring in math. I plan on either getting my masters in economics, an mba, or go into a financial engineering program…</p>
<p>Econ requires Calc 1. Econ 401/402 might be able to be used as cognates for Math. Stat 426 might fit for both (I know it can be used for CS as well). There’s not a ton of overlap.</p>
<p>If you want to do MFE, you definitely want to major in math.</p>
<p>How long it takes will depend on you. If you take 18 major credits each semester, it won’t take too long. If you get a minor you’d have to take 12 credits of math I believe, and a major would probably only require a few more classes beyond that. It might take 1 semester more to double major than to major and minor.</p>
<p>Giants is a Math+Econ major, so he may be able to help you more.</p>
<p>how could i get a hold of Giants?</p>
<p>he’ll find u in a bit, dont worry :)</p>
<p>they overlap a lot – i’m actually a math, economics, statistics triple major and i will be graduating in 4 years, with only one semester after freshman year having more than 13 credits</p>
<p>umich2011—what classes do you have planned to take to make that happen? can you give a little info on the path you took or any information, i would appreciate it. Only 13 credits each semester as well, pretty remarkable for a triple major</p>
<p>Sorry, been traveling – catching up.</p>
<p>First of all: A masters in economics will not get you far (career-wise). If you truly want to work in an economics-related job, you really need to get a PhD. <– Isn’t for everyone though, is very long/difficult. You will become more enlightened about various graduate schools as your college career progresses.</p>
<p>Assuming you would rather take the MBA or MFE route, I suggest you look into the Financial Mathematics major (<– also perfectly fine for Econ grad school). This degree overlaps very well with Economics. I am a little foggy of your transfer status (from a community college?), but if you are coming in with differential equations, I assume you are coming in with at least Calc I, II, & III. You may or may not have taken Linear Algebra. The remaining courses are: Math 423, 425, Stats 426, Math 451, 472, 525, 526. The last four is where financial math diverges from actuarial math. Econ requires: Econ 101, 102, 401, 402, a stats course (for which you can use Stats 426 from FinMath), and 15+ elective credits (of which 9 must list 401 or 402 as a prereq). The electives can be knocked out with 4 courses. You can use Econ 401 and 402 as cognates for FinMath (or 406, 409 =Econ electives). FinMath used to require Econ 435 (but they replaced it with Math 451) which would have allowed for one more overlap for you. Basically, you can double-count 3 courses (used to be 4). This would be a solid double major for an MFE (goes w/o saying that it’s fine for MBA). Oh, and FinMath requires the intro. CompSci course EECS 183 (which I suggest you go beyond if you want to pursue an MFE).</p>
<p><a href=“http://www.math.lsa.umich.edu/undergrad/actuarial.shtml[/url]”>http://www.math.lsa.umich.edu/undergrad/actuarial.shtml</a></p>
<p><a href=“http://www.ii.umich.edu/econ/ug/concentration[/url]”>http://www.ii.umich.edu/econ/ug/concentration</a></p>
<p>^Oh, and FinMath requires Econ 101 & 102 as prereqs as well. So it’s really 5 double-counts (used to be 6).</p>
<p>giants92, you know your stuff. so if i have already taken both intro Economics courses (Macro and Micro) and have completed calc I, calc II, Calc III, and Diff. equations…I could double count 5 courses? I am transferring from a community college in Michigan. About how many more semesters would i be looking at by adding financial mathematics as a double assuming i transfer in 60 credits and take 4 classes per semester? and what kind of doors would financial mathematics open for further schooling options besides a MFE…any?</p>
<p>thanks for your help, i greatly appreciate it!</p>
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<p>I’ll repeat to be clear: You can double count Econ 101, 102, 401, 402, and Stats 426.</p>
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<p>It depends on how much of the distribution you’ve fulfilled. Please refer to my list of courses/the links I provided to determine how many semesters you would need.</p>
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<p>Anything quantitative, really (Math, Stats, Econ, Finance).</p>
<p>giants92 is right, I’m Act.Math, Econ, Stats. Stats426 can be used for all 3 majors. All Math classes that you need for Act.Math that are 400 or 500 level can be used for Stats also. Stats250 can be used for your area distribution as well as Stats Major. It wasn’t hard at all for me to do 3 majors since they all overlap well.</p>
<p>“The electives can be knocked out with 4 courses. You can use Econ 401 and 402 as cognates for FinMath (or 406, 409 =Econ electives). FinMath used to require Econ 435 (but they replaced it with Math 451)”
^^^can you explain this, the link was great but a little confusing regarding the Econ electives…</p>
<p>"The special Actuarial Mathematics courses must include Math 424 and Math 520, and at least one of Math 521 or 522, as well as Math 523. Note that Math 424 and Math 425 or 525 are prerequisite to Math 520, which in turn must precede Math 521 or 522. Since Math 424 and 520 are not always offered every semester, careful planning is essential. The special Financial Mathematics courses must include Math 525, Math 526, Econ 435, and Math 472 or 471 (Math 472 is preferred). As noted above, careful planning is essential because Econ 435, for example, is not offered every semester.</p>
<p>(N.B. As of January 1, 2010, the Econ 435 requirement will be replaced with Math 451)"
^^^^this was from the link and i was wondering if you better understood this because i tried to compare to the classes you listed as my remaining courses and i couldnt make sense of it…</p>
<p>and is Linear Algebra required?</p>
<p>Linear is a pre-req for all math majors. It’s listed way up in the top. You need Calc 1-3 and Linear.</p>
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<p>Sure. You are required to take (at least) 15 credits of electives for the major. 9 of the 15 must list Econ 401 or Econ 402 as a prerequisite. Each elective is 3 or 4 credits, so the 15 credits can be knocked out with 4 courses.</p>
<p>Financial Math requires two cognate courses. 401 and 402 are eligible for this requirement, so you can double count them.</p>
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<p>This webpage lists both the Actuarial Math major and the Financial Math major. The majors are identical until the final four courses particular to each major, listed above in your post. Econ 435 was recently replaced with Math 451 in the Financial Math major. Unfortunately, Math 451 is ~452,255,827x harder than Econ 435.</p>
<p>Linear Algebra (Math 217) is required as a prerequisite to the major.</p>
<p>(BOO YA, A-ROD GAME TYING HR BOTTOM OF THE 9TH)</p>
<p>EDIT: AND THAMES WINS IT OFF A JACK TWO AT-BATS LATER!!! F*** THE BOSOX</p>
<p>thank you, now i understand it perfectly.</p>
<p>If i have taken Liner Algebra but already have 60 credits transferring in, therefore would not be able to use it, what are the possibilities of not being made to take it again at UMich?</p>
<p>test out of it?</p>
<p>Does the linear algebra class you took even transfer? Most don’t.</p>
<p>most likely not, thats why i am curious if there is a way to test out of it…as i have already taken it…possible??</p>