Description
Mathematical models and computational methods are becoming increasingly important for quantitative analysis, risk management, strategies implementation, and other areas in the finance industry. Students choosing the Mathematical Economics and Quantitative Finance option will acquire a solid foundation in applied and computational mathematics as well as a grounding in economic theory. It is ideal as a second major for students in Economics who want more mathematical training. The Option is also useful for those preparing for graduate school in Computational Finance, Financial Engineering, or Economics since mathematical models and computational methods are heavily used.
Option Core (27 credits)
 PHYS 121, 122, 123 (5,5,5) or ECON 200, 201, 300* (5,5,5)
 MATH 300: (3) Mathematical Reasoning
 MATH 327: (3) Introductory Real Analysis I
 MATH/STAT 394: (3) Probability I (effective Autumn 2022)
 MATH 407: (3) Linear Optimization

At least 3 credits from the following:
 MATH/STAT 395: (3) Probability II (effective Autumn 2022)
 MATH 408: (3) Nonlinear Optimization
 MATH 409: (3) Discrete Optimization (effective Autumn 2022)
 STAT 423: (4) Applied Regression and Analysis of Variance
*Check registration requirements on the Time Schedule.
Option Electives  Group I (15 credits)
Students must accumulate at least 15 credits from the following list of courses:
 CFRM 405: (3) Mathematical Methods for Quantitative Finance
 CFRM 410: (3) Probability and Statistics for Computational Finance
 CFRM 415: (3) Introduction to Financial Markets
 CFRM 420: (3) Introduction to Computational Finance and Financial Econometrics
 CFRM 425: (3) R Programming for Quantitative Finance
 ECON 301: (5) Intermediate Macroeconomics
 ECON 400: (5) Advanced Topics in Microeconomic Theory
 ECON 401: (5) Advanced Topics in Macroeconomic Theory
 ECON 404: (5) Industrial Organization and Price Analysis
 ECON 421: (5) Money, Credit, and the Economy
 ECON 422: (5) Investment, Capital, and Finance
 ECON 424: (5) Computational Finance and Financial Econometrics
 ECON 426: (5) Advanced Financial Economics
 ECON 435: (5) Natural Resource Economics
 ECON 472: (5) International Macroeconomics
 ECON 482: (5) Econometric Methods
 ECON 483: (5) Applied Econometric Modeling
 ECON 485: (5) Economic Game Theory
 ECON 486: (5)Economics of Information
Only one of CFRM 420 and ECON 424 may be counted toward the major.
Option Electives  Group II (5 credits)
At least 5 additional credits from approved courses (at the 300 level or higher) in the Departments of Applied Mathematics, Computer Science and Engineering, Mathematics, Statistics, or Economics. Credits in Economics must be taken from the courses listed in the Group I Electives.
Double majors / Double degrees Students who complete a double major with a Bachelor of Science in Economics need only complete the Program Core and Option Core requirements. Interested students should get early advice from the Economics Department Advisers (econadv@u.washington.edu) about suggested programs.