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whycal
Registered User Posts: **20** New Member

At my school, to fulfill a economics major, you only need to take 1 actual Stats class, and two Calculus classes. I was just wondering outside of those classes, how much does math take part in learning economics? I'm a very "B" student at math, and I was wondering how much you'll see it being used.

Post edited by whycal on

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## Replies to: How much math is involved in economics?

2,250Senior Member206Junior Member491Member38Junior Member182Junior Member60Junior Member2,193Senior Member414Member868Member121Junior MemberIf you are looking to do grad economics...might as well get an undergrad major in math and just take econ up through intermediate and econometrics.

I would say to acquire a deep understanding though, you need to be able to handle math. For instance you might be able to just use a short-hand method on a test (equate slopes) but the most accurate method would be something you learn in multivariable (lagrangians). But to get a BA, calculus 2 and stats should suffice (and doing some reading up on partial derivatives or whatever else you encounter)

517MemberI'm an Economics major at Berkeley right now (BA). I would say that if you end up in my case, you don't need to love math, "B" student is fine if you're talking Calculus and Statistics, because that's all I needed for my Econ requirements. I don't really like math although I did well in it in high school. Just to give you a little bit of context as to where I'm coming from.

I think Economics is really more about theory than it is about math. Sure, there is a little bit of calculus along the way, but you're not really doing calculus the way you do it in a math class. It actually has meaning behind it.. maybe you're calculating the elasticity of a good, for example. I find that this kind of attached meaning makes the math much easier.

As far as Econometrics, yes, I had a hard time with it.. but it wasn't impossible, and really it was more about knowing and memorizing than it was about statistics. Plus, Econometrics is only one class out of many that you will take as an Economics major. It'll probably be your hardest class, but after that.. at least, at Berkeley, I get to choose. I can take Economics classes that are more history-based than model-based, and I can take some that are more model-based than history, or I can take some that are more math-based. I feel that whatever math there is in the Economics classes I have taken so far is based on models, and therefore, once you get it, you pretty much have it. It's not like pure math where every time you get a problem it's something new.

If you want to have an easier time with it, I would say.. understand the math behind it. You can definitely get by without understanding it completely, but I think it is much more rewarding/interesting to understand why graphs look the way they look, etc, and it makes it much easier to learn because you're not memorizing how things look, you actually know what makes it.

Oh also, I should add, if you are planning on doing a graduate degree in Economics, you definitely need to be strong in math. However, I would recommend that you don't go that route unless you love Econ and math/stats.

hope that helps :)

103Junior Memberbut yeah, economics requires a lot of math.

573Member5New Member215Junior Member