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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.

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

Your choice: 4 years or 5

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?).


About the Mathematical Economics program

briefcase Available as a co-op and regular program

Arrow pointing up and clickingApply to Mathematics to choose this major

Graduation cap Earn a Bachelor of Mathematics in Mathematical Economics


#11st Faculty of Mathematics in North America

math tieOffered by the Faculty of Mathematics

globeWaterloo is an international leader in Mathematics


Mathematical Economics admission requirements

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.

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
1 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
1 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

Customize your Bachelor of Mathematics degree in Mathematical Economics

You can also add additional areas of interest and expertise by including a minor (or minors) as part of your degree.

Gain relevant work experience through co-op

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

Careers in Mathematical Economics

  • Compensation Data Analyst, Hay Group Limited
  • Financial Analyst, OpenText
  • Manager, BMO Bank of Montreal
  • Reports & Analysis Manager,
  • Vice-President, TD Securities (USA) Inc.
  • Campaign Analyst, The Loyalty, Inc.
  • Fund Accountant, State Street Canada
  • Personal Banking Officer, Scotiabank
  • Technology Solutions Officer, TD Bank Group
  • Underwriter, Manulife Financial Corporation

Learn more about Mathematical Economics