The Quantitative Economics (SQE) major, developed in recognition of the fact that economics has in recent years become an increasingly mathematical discipline, provides students with a broad set of mathematical concepts and tools and a solid background in economic theory. Economics is basically about resource allocation — how to get the most good out of whatever is available. Resource allocation problems often lend themselves to mathematical solutions, and professional economists and mathematicians often work together. Public policymakers inside and outside the defense establishment, as well as business executives, frequently use quantitative models developed by their staffs in making decisions. Applying mathematics is also part of the job of many naval officers. The Quantitative Economics majors focuses on applying mathematics and statistics specifically to economic reasoning and economic problems. The major consists of 14 courses. It is fully interdisciplinary - half of the courses required are taught in the Mathematics Department and half in the Economics Department, and the program is administered by a committee of faculty from the two departments. It is a Group II major, and has no language requirement. The first midshipmen to graduate with degrees in Quantitative Economics were in the class of 2000. Further information can be found on the Mathematics Department SQE web page.