Quantitative Economics is the study of how we use our resources for the production, distribution, and consumption of goods and services. Economists study problems such as inflation and unemployment. They analyze social institutions, banks, the stock market, and the government and they look at problems connected with labor negotiations, taxes, international trade, and urban and environmental issues.

The Quantitative Economics Specialisation produces graduates who can think critically, and who can understand, explain, and apply the core principles and quantitative methods of economics to resource allocation problems, the functioning of economic institutions, and the decisions of policymakers and other economic agents within society.

Overview of Quantitative Economics

Economics is the social science that studies the behavior and interactions of economic agents. In particular, economics examines the production, distribution, and consumption of goods and services.

Economics graduates who have strong analytical and mathematical backgrounds are in demand both internationally and nationally.

The Quantitative Economics specialization will equip graduates with both research-informed economic knowledge and the analytical skills required to implement this knowledge in practical real-world situations.

What you will study in Quantitative Economics?

Quantitative economics prepares you to analyze economic issues, explore theories, and predict future conditions using statistical procedures and mathematical models. The major incorporates a balance of economic theory, mathematical tools, and field applications while emphasizing the development of analytical skills.

The major incorporates a balance of economic theory, mathematical tools, and field applications while emphasizing the development of analytical skills. The mathematical courses build the background needed for the understanding of how calculus and linear algebra techniques are used to derive the main results from mathematical models of economic behavior. The economics courses support students’ understanding of economic relationships between businesses, households, and government while focusing on the application of theory to practice. 

What will you get from this program?

After completing the program, the student:

• knows the main concepts in economics and has acquired the skills of making critical assessments of the applicability of these concepts;

• has acquired the ability to apply both micro-and macroeconomic models for analyzing the problems which arise in economic practice;

• knows how to verbally, graphically, mathematically, and empirically analyze and forecast both the behavior of economic agents and also the impact of governmental policies;

• has gained experience in conducting scientific research and solving real-life economic-related problems in practice.

Find the best university 

According to the rating of the Best universities of QS, one of the best universities hosting programs for the study of hydropower is Yeshiva University, Humboldt University Berlin, and Aarhus University. All these universities offer very high-quality education, as well as guaranteed employment. Excellent students are provided with scholarships and other types of funding.

What can you do after your degree? 

Students who take the Science in Quantitative Economics have several paths to take with this major. These included continued academics and business opportunities:

• Business/financial analysis

• Data analysis

• Government employment

• Financial analyst.

• Economic forecaster.

• Internal auditor.

• Claims examiner for the Social Security Administration.

• Portfolio administrator.