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A lot of economists who have a phd in in economics, were Engineering, Math and Physics majors as undergrads. To get into a good phd program in Econ, you have to
by rvn1045 13y ago
A lot of economists who have a phd in in economics, were Engineering, Math and Physics majors as undergrads. To get into a good phd program in Econ, you have to have taken and aced a lot of math classes such as Real Analysis and some very advanced Probability courses. Taking some grad level math classes would probably increase an applicants chance. So yes a lot of economists are really really good at math. And yes a lot of it is used in research.
- slurry 13y agoI know economists are good at math, I'm more curious what kinds of math they tend to use.
- tedsanders 13y agoIt very much depends on the application. Econometrics uses lots of statistics. Finance uses stochastic calculus. Microeconomics uses linear algebra and calculus. To see how incomprehensible things can get, here's a paper by one of my old econometrics professors: http://econweb.ucsd.edu/~bbeare/pdfs/vinecopula.pdf http://econweb.ucsd.edu/~bbeare/pdfs/vinecopula.pdf
- mathrat 13y agoFinancial economics literature is quite heavy on stochastic processes. This requires a sophisticated treatment of probability, which in turn necessitates familiarity with measure theory. Throw some stochastic differential equations into the mix and you're probably also going to need some background in functional analysis. Not so familiar with the rest of the econ literature, but even basic econometrics requires familiarity with point set topology.
- aet 13y agoGame theory