731:  Mathematical Economics - Actuarial Science Option

1.  Students who wish to declare a 731 major are initially designated as 731P - Mathematical Economics (Prep).  In order to be granted full admission into the 731 Mathematical Economics major, a student must satisfy the following requirements:
     •  Completion of MATH 136, ECON 202, ECON 203, and ECON 206 or STAT 301, with a minimum GPA of 2.0 in    
        the courses listed.
     •  Completion of a minimum of 60 hours with a minimum GPA of 2.0 overall.
     •  Completion of a minimum of 12 hours at Western Kentucky University with a minimum WKU GPA of 2.0.
     •  Submission of a Change of Major form to change from 731P to a 731 major.

2.  A minimum of 49 hours in the major is required, which includes 27 hours of Economics, 21 hours of mathematics, and a 1 hour Senior Seminar course.  A minimum of 120 unduplicated undergraduate semester hours is required. 

3.  No minor or second major is required.  But at least one-third of the course requirements in each major and minor must be earned at WKU.

4.  At least one-half of the semester hours required for each major and minor must be earned in undergraduate courses numbered 300 and above.  (See the Undergraduate Catalog for exceptions for minors in business administration and computer information systems, and majors in dental hygiene, social studies, art education, middle grades education).

5.  For this major, a minimum of 42 undergraduate semester hours must be completed in courses numbered 300 and above.

6.  All mathematics courses listed as prerequisites for other courses must have been completed with a grade of C or better.

7.  You must have a GPA of at least 2.0 (i) in all credits presented for graduation whether earned at WKU or elsewhere, (ii) in all credits completed at WKU, (iii) overall in the major subjects and in the minor subjects, and (iv) in the major subjects and in the minor subjects completed at WKU.

Note:  This major leads to a Bachelor of Science degree intended for students interested in graduate studies in economics, public policy, or business, as well as those students seeking a career as an actuary or analytical careers that will require extensive mathematics backgrounds.

Economics Requirements - 21 hours
Course Descriptions

ECON 202 Micro Principles (3 hrs)                         ECON 203 Macro Principles (3 hrs)
ECON 302 Intermediate Micro (3 hrs)                     ECON 303 Intermediate Macro (3 hrs)
ECON 206 Statistics or STAT 301 (3 hrs)               ECON 307 Financial Data Modeling  (3 hrs)
ECON 465 Econometrics or ECON 480 Economic Forecasting or STAT 401 Regression Analysis   (3 hrs)

Mathematics Requirements – 24 hours
Course Descriptions

MATH 136  Calculus I (4 hrs)                                  MATH 137 Calculus II (4 hrs)
MATH 237  Multivariable Calculus (4 hrs)               MATH 307  Linear Algebra (3 hrs)
MATH 310  Discrete Math  (3 hrs)
MATH 382  Probability & Statistics I  (3 hrs)           MATH 482  Probability & Statistics II  (3 hrs)

                                                                         Finance Requirements – 12 hours
FIN 330  Princ. of Financial Management (3 hrs)           FIN 332 Investment Theory (3 hrs)
FIN 350  Risk Management and Insurance (3 hrs)         FIN 437 Corporate Asset Management (3 hrs)

FIN 330 has prerequisites of ACCT 200, ECON 202, ECON 203.

Computer Science Requirement
CS 170 Introduction to Programming (3 hrs)  or  CS 180 Computer Science I (4 hrs)

Senior Capstone - 1 hour
Students must complete either ECON 497 or MATH 497.

University Colonnade Requirements
(A minimum of 39 hours total)

I.  Foundations:  Intellectual and Practical Skills (18 hours total)

College Composition (3 hrs) - ENG 100 -  Students with an English ACT of at least 29 or a English SAT of at least 650
                                                                           will receive credit for this requirement.
Writing in the Disciplines (3 hrs) - ENG 300, or 200-level or higher writing in the discipline course.
Human Communication (3 hrs) - COMM 145
Quantitative Reasoning (3 hrs) - Students with a Math ACT of at least 26 or a Math SAT of at least 590 will receive
                                                          credit for MATH 116.
Literary Studies (3 hrs) - ENG 200
World History (3 hrs) - HIST 101 or HIST 102

II. Explorations:  Knowledge of Human Cultures and the Physical and Natural World (12 hrs total)

               (AH)  Arts & Humanites (3 hrs)           (SB)  Social & Behavioral Sciences (3 hrs)
(NS)  Natural and Physical Sciences (6 hrs) - Courses from two disciplines must be taken, including one with an  
                                                                                  essential/applied lab component (SL).

III.  Connections:  Understanding Individual and Social Responsibility  (9 hours total)

      Students should complete 21 Colonnade hours or have Junior status before enrolling since content builds on
      Explorations and Foundations courses.  Three separate disciplines are required:

                   (a) Social & Cultural (3 hrs)        (b) Local to Global (3 hrs)          (c) Systems (3 hrs)

Note:  All entering students must demonstrate proficiency in a world language at the Novice High level before completing 60 credit hours.  Students may satisfy this requirement by completing a foreign language course at the 102-level with a grade of C or better, or by successfully taking a proficiency exam.

Dr. David K. Neal, Lead Academic Advisor
Department of Mathematics
COHH 4109
Western Kentucky University
Bowling Green, KY 42101