Mathematical Economics

Do the math that underpins economies

Today, economists are turning to sophisticated mathematical models to understand and predict economic behaviour. Meanwhile, the problems that come up in economics have driven many advances in mathematics.

That why we’ve created this program, jointly offered by the Faculty of Mathematics and the Department of Economics in the Faculty of Arts.

Over the course of your degree, you’ll become an expert at using differential calculus, differential equations, and mathematical optimization to understand economic behaviour. If you enroll in the co-op stream, you can add paid work experience on top that.

You’ll graduate ready for a career with banks, government, or industry, or for a master’s or PhD program.

Two people reviewing notes.

Your choice: four years or five

Gain 24 months of paid work experience through Waterloo's co-op program, the largest of its kind in Canada, or fast track your degree by choosing the regular system of study.

Have fun with other mathies

Get social! The student-run Mathematics Society organizes student/prof mixers, beach outings, and pie-filled Pi Day celebrations on March 14 at 1:59 pm (get it? 3/14/1:59?).


#1First faculty of mathematics in North America

briefcaseAvailable as a co-op and regular program

globeWaterloo is an international leader in Mathematics


Mathematical Economics admission requirements

Apply to Mathematics and choose Mathematical Economics as your major. Once you've applied, you'll need to complete the Admission Information Form as part of the application process.

We strongly encourage you to participate in the Canadian Senior Mathematics Contest and/or the Euclid Mathematics Contest to enhance your admissions status.

To be considered for entrance scholarships in the Faculty of Mathematics, you must write one or both of the contests. If you complete both contests, we'll use the results of the contest in which you performed best.

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First-year Mathematical Economics courses

You may select the advanced-stream courses for algebra, calculus, and computer science if you meet the requirements.

September to December

  • MATH 135 - Algebra
  • MATH 137 - Calculus 1
  • ECON 101 - Introduction to Microeconomics
  • Choose one of:
    • CS 115 - Introduction to Computer Science
    • CS 135 - Designing Functional Programs
  • One communication skills course

January to April

  • MATH 136 - Linear Algebra 1
  • MATH 138 - Calculus 2
  • ECON 102 - Introduction to Macroeconomics
  • Choose one of:
    • CS 116 - Introduction to Computer Science 2
    • CS 136 - Elementary Algorithm Design and Data Abstraction
  • One communication skills course

After first year

About half of your courses will be economics courses, with the other half being math courses. With your remaining classes, you can choose electives from many of the 100 subject areas at Waterloo.

View a list of courses required for your degree.

Sample upper-year courses

CS 341 - Algorithms
STAT 430 – Experimental Design
CS 492 - The Social Implications of Computing
STAT 443 – Forecasting


Arrow pointing up and clickingApply to Mathematics to choose this major

math tieOffered by the Faculty of Mathematics

Graduation capEarn a Bachelor of Mathematics in Mathematical Economics


Co-op = relevant paid work experience

By alternating school terms and paid co-op work terms throughout your degree, you can explore new career areas and types of employers as your career interests evolve. 

Sample co-op job titles

  • Market research analyst
  • Software developer
  • Sports analytics co-op
  • Business analyst
  • Broker digital support assistant
  • Employment metrics analyst

Sample co-op employers

  • Canadian Tire Corporation Limited
  • Desjardins General Insurance Group
  • Microsoft
  • Ontario Drive & Gear Limited
  • OxiLight Inc
  • University of Waterloo

Customize your Bachelor of Mathematics degree in Mathematical Economics

You can also add additional areas of expertise to your degree by including one or more of the minors available to all Waterloo students.

What can you do with a degree in Mathematical Economics?

Waterloo Mathematical Economics graduates commonly pursue careers in research, financial analysis, and more. They often work in financial institutions and software companies.

Recent graduates

  • Research Analyst – Sprott 
  • Marketing Data Specialist – Quarry Integrated Communications
  • Statistician – Canada Revenue Agency
  • Data Scientist – Game Hive
  • Control Analyst – CIBC
  • Machine Learning Engineer – 4D Virtual World

Learn about the future of careers in business.

Ready to learn more?