What Should I Study if I Like Math? Is Economics for Me?

When you have a passion for mathematics, you often find yourself wondering which field to pursue. Economics is a great choice, especially if you enjoy tackling complex problems and understanding human behavior. However, it's crucial to consider the depth of mathematical theory required for different tracks within economics.

Exploring Economics Without Deep Math

While you can earn an economics degree without delving into advanced mathematics, it’s a valuable skill that can significantly enhance your employability in the field. Many schools offer tracks in economics that avoid heavy mathematical content, making it accessible to a broader range of students. However, if you're looking to secure a job in economics, a deeper understanding of mathematics is often necessary.

Combining Math and Economics

The intersection of mathematics and economics, known as mathematical economics or econophysics, can provide a broader and richer educational experience. This combination allows you to apply mathematical tools to economic theories and models, offering a unique perspective on economic phenomena. For instance, advanced probability and statistics, differential equations, and game theory are essential components of this field.

How to Choose the Right Path

Before making a final decision, it’s important to explore different areas of study and understand the expectations in each field. Here are some steps to help you decide:

Try out introductory courses in both mathematics and economics to see which subjects resonate with your interests. Consider your strengths and weaknesses in mathematics to guide your choice. Reflect on the type of career you aspire to have. A strong foundation in mathematics can open doors to applied economics, including using mathematical models to solve real-world problems.

Historical Context and Inspiration

The film "A Beautiful Mind," which depicts the life of mathematician John Nash, is a great source of inspiration. John Nash’s doctoral thesis, which led to his Nobel Prize in Economics, was deeply rooted in game theory, a field that requires a strong understanding of both mathematics and economics.

Additional Insights

Charles Noble provides valuable insights into the field. He advocates for a combined approach, suggesting that you study both subjects simultaneously during your freshman year. By taking introductory courses in both economics and mathematics, you can gain a solid understanding of each field and make an informed decision about your major.

Here are a few more tips based on typical US college policies:

Plan to declare your major as "undeclared" for your first year, taking core courses in both economics and mathematics. Take decisions on your major towards the end of your second semester after being exposed to the basics of each field. Be flexible and adaptable, as different schools may have varying policies.

By following these steps and considering the insights provided, you can make an informed decision that aligns with your passion for mathematics and your ambition in the field of economics.

Note: This advice is based on typical US college and university policies. Policies may vary at different institutions, so it's important to consult the specific requirements of the schools you are considering.