Mathematics with Economics (SME)
The Discipline and the Major
The mathematics with economics (SME) major, formerly called the quantitative economics (SQE) major, is an interdisciplinary mathematics and economics major administered by the mathematics department. The goal of this major is to produce graduates who are adept at using mathematics to understand and evaluate problems in economics. Mathematics with economics majors take five required courses and two electives in mathematics and five required courses and two electives in economics, and then a culminating capstone research course taught jointly by faculty from the mathematics and economics departments. The required mathematics courses are in probability, statistics, linear algebra, multivariable calculus, and optimization; the required economics courses are in introductory and intermediate microeconomics and macroeconomics and econometrics. A wide range of courses are available to fulfill the elective requirements, including (but not limited to) game theory, labor economics, public finance, monetary theory and policy, dynamic and stochastic models, graph and network algorithms, differential equations, logistics, and cost estimation.
The mathematics with economics major prepares midshipmen with the analytic and computational tools to pursue further study in economics, finance, business administration or operations analysis—disciplines that are all becoming increasingly mathematical. In the Navy or Marine Corps, a graduate from this major would be well equipped to solve problems in areas such as weapons analysis, manpower studies, decision analysis,and strategic problems. For students in this major, internships are available in the Washington, D.C. area at the Pentagon and at the U.S. International Development Finance Corporation (DFC). Also, many students have travelled to the United Kingdom to complete summer coursework at the London School of Economics.
Considerations for those who might be interested in this major
The mathematics with economics major is a good choice for midshipmen who are fascinated by economic applications and comfortable with mathematical theory and computation.