<p>Would a background in statistics or applied mathematics be more preferable for PhD economics admissions? I know I would probably need at least up to linear algebra in the applied mathematics section, but should I go for the double major in statistics or not?</p>
<p>Statistics.</p>
<p>Applied math is definitely a better choice as math classes carry far more weight. The only statistics class you’ll need is mathematical statistics. You’ll also need probability, which is usually offered by the math department. It’ll also be helpful to take measure theoretic probability (especially important if you’re shooting for top 10 programs).</p>
<p>I’m gonna go ahead and say do a pure math major instead. You’re training in mathematical analysis and topology is quite important and I’m not sure applied math will cover these areas well.</p>
<p>It really depends on what you want to do career-wise though. Focusing on theoretical math will only help if you if you only want to do research. Applied math/statistics would be for if you want to possibly work in industry.</p>