QUANTITATIVE ECONOMICS

Is Economics all about math?

If you ask graduate schools, the answer is yes.  The BS in Quantitative Economics prepares you for graduate school -- and for careers that look for quantitative skills.  Thus, this major has an official STEM designation because it

  • requires Calculus II and Calculus-based Intermediate Macro and Micro;
  • requires Econometrics (i.e., advanced statistics applied to economic problems); and
  • focus its electives on topics that are more quantitative, cross-listing with other departments such as Data Analytics and Mathematics and/or more advanced.

Why should you get a B.S. in Quantitative Economics?

First, because you will learn quantitative skills.  

Second, in order to go to Graduate school in Economics, a student must have studied a lot of Mathematics.  Calculus II, Probability, Real Analysis, Linear Algebra are typically required by graduate schools or highly recommended.  A Ph.D. in Finance, likewise, may have Calculus II, Linear Algebra, and Probability as prerequisites.

Third, STEM majors have gained in popularity after a 2016 Department of Homeland Security decision to extend Optional Practical Training benefits to a total of 36 months (versus 12 months for non-STEM graduates).

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MEET THE FACULTY

Adjunct Instructor of Economics

Email:

pablo.licheri@avemaria.edu

Phone:

Office:

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Assistant Professor of Economics

Email:

zachary.bartsch@avemaria.edu

Phone:

(239) 304-7929

Office:

Prince 104

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Chair of the Economics Department; Associate Professor of Economics; Director of Online Education

Email:

gabriel.martinez@avemaria.edu

Phone:

(239) 280-1611

Office:

Prince 111

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FAST FACTS

  • Ave Maria University is home to the Stein Center for Social Research, a non-partisan, interdisciplinary research institute dedicated to understanding pressing social questions, including poverty, educational outcomes, religious trends, and demographics.
  • Our students have the opportunity to participate in conferences, lectures and research projects based at the Stein Center—and to meet a variety of scholars who visit from around the country. A partial list of speakers in the past few years includes: Michael Novak, Arthur Brooks, John Schindler, Samuel Gregg, and Mark Regnerus.
  • Famous economics majors include serious politicians and business men such as Ronald Reagan, Warren Buffett, William F. Buckley, George H.W. Bush to public figures such as Cate Blanchett.

INTERNSHIPS & CAREERS

INTERNSHIPS

CAREER FACTS

  • Economics is one of the most valuable undergraduate majors. According to Census data, the median salary for an Economics major is $69,000.
  • Economics is one of the most versatile undergraduate majors. An economics major is a great foundation for a career in business, law, or government.

REQUIRED COURSES

Typical Order of Required Courses for the B.S. in Quantitative Economics

MATH 151 Calculus I

MATH 250 Calculus II

ECON 201 Principles of Macroeconomics

ECON 202 Principles of Microeconomics

STAT 230 Applied Statistics

ECON 301C Intermediate Macroeconomics with Calculus

ECON 302C Intermediate Microeconomics with Calculus

ECON 403 Introduction to Econometrics

ECON 490 Senior Seminar: Applied Economic Theory

Three electives are required:

  • Any 4-credit ECON course (or others, by permission of the Chair)
  • An ECON course numbered 400 or above, in addition to ECON 403
  • A choice among MATH 330, CSCI 150, DATA 201, and DATA 220

DEPARTMENTAL MESSAGE

Welcome to Economics at Ave Maria University! The department is composed of a boutique group of social scientists with a passion for teaching and mentoring. Though Economics is a young department, students who have studied in our courses or programs have already gone on to graduate school at the University of Chicago MAPPS and Columbia University PhD Program; to research associate positions at top centers such as the American Enterprise Institute and Heritage Foundation; and to excel in private industries ranging from banking and finance to real estate investment. Some of our graduates are young entrepreneurs, and some are giving back to the next generation, accepting teaching jobs at both private and public schools.

As a small department, we owe these successes to doing a few things very well. One of our most popular programs is the Family & Society Program—a cluster of courses in social research focusing on the analytical study of marriage, family, demographics, neighborhoods, economic mobility, education and religion. Another feature of our department is the use of applied game theory in a variety of settings. Students may specialize in Managerial Economics and Strategic Analysis (MESA)—a unique interdisciplinary major drawing from Economics and Business. Finally, we feature the advanced study of Catholic social thought as a required and invigorating component of every economics program at Ave Maria. This course—unique to Ave Maria—has been developed around the exposition and analysis of Papal writings since Leo XIII, and draws upon the work of some of the greatest interpreters of papal thought in the late 20th century, including F. Russell Hittinger, George Weigel, and Michael Novak.

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