The mathematical sciences have long provided the proper language of the physical sciences and engineering, and they are playing an increasingly important role in areas as diverse as data science, computer science, the social sciences, business administration and economics, and the biological and medical sciences. Many are drawn to the study of mathematics and statistics precisely because of this broad applicability. Others are attracted by the rigorous training these disciplines provide in abstract reasoning, and the many surprising results and elegant arguments they encounter. The department offers a wide variety of courses in mathematics and statistics to meet the needs of a student body having very diverse interests. Anyone who would like to learn more about the department’s faculty, programs, courses, activities and other services is encouraged to explore the department website, or visit the department office.
4+1 Program: BS/BA Mathematics + MS Economics
The Fariborz Maseeh Department of Mathematics & Statistics and the Department of Economics offer an integrated “BS/BA in Mathematics and MS in Economics” degree program. High achieving mathematics undergraduate students may seamlessly enter the Master’s program in Economics.
Increased Career & Educational Opportunities
Students pursuing a BA/BS degree in Mathematics will be exceptionally well prepared for a mathematically oriented MS program in Economics. This 4+1 program will open up more career opportunities in both public and private sector institutions, which may include state and federal governments; bank, insurance, and financial institutions; environmental/labor organizations and NGOs; energy, law, and tech firms; and so on.
The MS program in Economics is thoroughly mathematical, allowing Mathematics majors to apply their mathematical/programming skills to solve various economic problems. Students can choose to develop themselves as a researcher of pure mathematical economic theory or as a public policy expert who specializes on issues relevant for our day-to-day life.
The BS/BA in Mathematics + MS in Economics program also increases the likelihood of being accepted to a PhD in Economics program by ensuring students have a strong mathematical background.
Admissions Criteria and Process
- Mathematics majors interested in the 4+1 program should meet with their Mathematics faculty adviser by the end of their second year to map out the required coursework for their junior and senior years.
- After completion of the junior year, students should apply for the MS program in Economics online. The student will be notified by the Graduate School if the application is successful. Applicants do not have to submit a statement of purpose or letters of recommendation provided they satisfy the GPA requirements outlined below.
- Students should complete their degree in Mathematics, or, at the minimum, all the courses outlined in the degree map up to the winter term of the fourth year of their study schedule.
- A GPA of 3.4 or above is required for all Mathematics and Statistics classes taken prior to entry into the MS program in Economics.
- All courses numbered 500 and above taken prior to entry into the master’s degree program in Economics must receive a grade of B or better. All undergraduate classes must receive a grade of C- or better. No P/NP credit will be accepted for either program.
- The PSU institutional requirement for residency for the undergraduate program is that 45 of the last 60 credits must be taken in residence at PSU. All MS level classes must be taken at PSU.
Continuation Criteria
Students must maintain the following GPAs:
- 3.3 GPA in courses numbered 500 and above, with a minimum grade of B
- 3.5 GPA in economics courses numbered 499 and below, with a minimum grade of C-
- 3.3 GPA overall at PSU
Shared Credits
Students may share up to 20 credits between the BA/BS in Mathematics and the MS in Economics program.
Advising
Initially, students will be advised by the undergraduate adviser, in consultation with the graduate adviser, who will assist them in preparing their application for the MS program in Economics. Once students have begun the master’s theory sequence, they will be advised by the graduate adviser.