Carnegie Mellon University

Economics and Statistics

This joint major focuses on the skills needed to apply statistical modeling and methodology to the empirical analysis of economic data.

It is ideal for students who plan to pursue an advanced degree in statistics, economics, or management or a career in government, industry, finance, education, or public policy.

Contact the Statistics & Data Science Academic Advisors

Contact the Economics Academic Advisors

Major Requirements

Theory Requirements

Course Topic/Title Course Number Units Prerequisites
Calculus 21-111 and 112, or 21-120 20 or 10
Multivariate Calc/Analysis 21-256, 21-259, or 21-268  9–10 21-112 or 21-120
Linear/Matrix Algebra 21-240, 21-241, or 21-242 10
Probability 36-225, 36-218, 36-219, 21-325, or 15-359  9 various
Statistical Inference 36-226 or 36-326  9 C or higher in 36-225, 36-218, 36-219, 21-325, or 15-359

Data-Analysis Requirements

Course Topic/Title Course Number Units Prerequisites
Beginning Data Analysis 36-200  9
Intermediate Data Analysis 36-202, 36-208, 36-290, or 36-309  9
Advanced Elective 36-303, 36-311, 36-315, 36-318, 36-46x, 36-490, 36-493 or 36-497  9 36-202, 36-208, 36-290, or 36-309
Advanced Elective 36-303, 36-311, 36-315, 36-318, 36-46x, 36-490, 36-493 or 36-497  9
Modern Regression 36-401  9 C or higher in 36-226, 36-326, or 36-625 and pass (21-240 or 21-241) and (21-256 or 21-259 or 21-268)
Advanced Methods for Data Analysis 36-402  9 C or higher in 36-401

Computing Requirements

Course Topic/Title Course Number Units Prerequisites
Statistical Computing 36-350 or 36-650  9 (36-202, 36-208, 36-290, 36-309 or 70-208, or equivalent) and 36-225

Economics Requirements

Course Topic/Title Course Number Units Prerequisites
Principles of Microeconomics 73-102  9
Principles of Macroeconomics 73-103  9 73-102
Intermediate Microeconomics 73-230  9 (21256 or 21259 or 21269 or 21268) and (73102 or 73100)
Intermediate Macroeconomics 73-240  9 (21259 or 21269 or 21268 or 21256) and (73103 or 73100) and (73230)
Writing for Economists 73-270  9 (76101) and (73230) and (73240)
Economics and Data Science 73-265  9 (21120) and (36200 or 36201) and (73100 or 73102)
Econometrics I 73-274  9 (21256 or 21259 or 21268 or 21269) and (36225) and (73230)
Econometrics II 73-374  9 (21256 or 21259 or 21268 or 21269) and (36225) and (73230) and (73274)
Two advanced electives 73-300 through 73-495, excluding 73-374 18 various