## Department of Mathematics

244 Mathematics BuildingNorth Campus

Buffalo, NY 14260

**Gino Biondini**

Chair

**Joseph Hundley**

Director of Undergraduate Studies

math-undergrad@buffalo.edu

## Department of Economics

425 Fronczak HallNorth Campus

Buffalo, NY 14260-1520

**Dr. Alex Anas**

Chair

**Dr. Peter Morgan**

Director of Undergraduate Studies

pbmorgan@buffalo.edu

## Why study Mathematics-Economics BA at UB?

Economics is the science that studies the consequences of scarcity, with applications to intelligent management and enhancement of scarce resources in diverse contexts, including government, policy, and sustainability, as well as business and financial planning. With exploding human population and per capita consumption it stands to increase in importance in the foreseeable future. Mathematics is the study of idealized constructs used in modeling real-world phenomena, and can add depth and power to economic analyses, and enable insights that were previously inaccessible.

The comprehensive Economics component of the curriculum that emphasizes essential economic theory, statistical analyses of economic data, and their symbiosis in the discipline of “applied economics.” The additional mathematical component equips the student with the skills for more complex models and more computationally intensive techniques. Applied economists have careers in education and health economics, econometrics and statistical analysis, international trade and finance, urban and regional economics, information and Internet economics, industrial organization, market regulation, and environmental economics. Information on employment, wages and such that is provided by the American Economic Association.

### Learning Outcomes

By the time of graduation, students should have acquired the following skills:

- Proficiency in basic computational methods in calculus, algebra, and differential equations.
- Facility with computer-aided computations.
- Understanding of the basic rules of logic and proficiency in using them.
- The ability to derive general principles from examples.
- The ability to formulate mathematical conjectures and to test them.
- The ability to complete mathematical proofs.
- The ability to relate mathematical concepts to problems arising in other disciplines.
- The ability to represent problems and ideas precisely in mathematical terms.
- The ability to identify facts and techniques relevant to a given problem, and proficiency in using them to solve the problem.
- Comprehension of the general framework of mathematical research; an understanding of the role of axioms, assumptions, theorems, proofs, and conjectures.
- The ability to present mathematical concepts, statements, and arguments clearly.

## The Learning Environment

The Departments of Economics and Mathematics are dedicated to creating and maintaining positive, interactive, learning environments that are designed to deliver student learning outcomes. Instructional methods include lectures, presentations, debates, discussions, research term papers and examinations to promote course learning outcomes such as critical thinking, analyzing disciplinary contents, identifying contexts, learning fresh perspectives and multiple modes of inquiry. We offer lecture and seminar courses with various class sizes. All courses offer interactive learning experiences between faculty and students. Lower-level courses include recitations that allow students to seek additional explanation of course material and practice their problem-solving skills. Enrollment in lower level mathematics courses is limited to 90 students. Most economics and mathematics advanced courses have no more than 30-40 students. Upper-level courses are designed to be small to facilitate individual faculty mentoring that will help students achieve their goals beyond UB. We offer recitations for introductory level as well as quantitative reasoning courses to enhance students’ understanding. Both of the Economics and Mathematics Departments offer individual study courses that let students research specialized topics under guidance of a faculty member. For the last few years the Mathematics Department has been increasing the number of courses that are offered remotely.

### About Our Facilities

All faculty and administrative offices of the Math Department are located in the Mathematics Building. The Mathematics Building also has a few classrooms that are used for seminars and more advanced courses. Large mathematics courses meet in other buildings on UB North Campus. Rooms 107 and 110 in the Mathematics Building house the Math Help Center that offers free, walk-in help on lower level mathematics courses.

The Department of Economics is housed in Fronczak Hall and has one dedicated classroom/reading room, and one conference room. The department holds most of its classes in centrally scheduled space throughout the campus. This includes traditional classrooms and lecture halls, chosen as appropriate to each course.

### About Our Faculty

Faculty from both the Mathematics and Economics department teach courses for the Mathematics-Economics BA.

Our faculty are committed to excellence in both undergraduate and graduate level teaching, and include multiple winners of the Milton Plesur Award for Teaching Excellence, and the State University of New York Chancellor’s Award for Excellence in Teaching. Distinctions for the research and scholarship of the faculty include the Walter Isard Award for distinguished scholarly achievements, the UB Exceptional Scholar Sustained Achievement Award, and major research awards from the National Science Foundation, the National Security Agency, the United States Environmental Protection Agency and the University of California.

#### Faculty List Directory

### Career Outlook

**Career Choices**

The American Economic Association provides a lot of useful information on careers for economists. A few of the many possibilities are listed below.

- Accountant
- Actuary
- Auditor
- Bank officer
- City manager
- Consultant
- Controller
- Educator
- Environmental economist
- Foreign exchange trader
- Forensic economist
- Insurance agent
- Investment advisor
- Personnel manager
- Policy economist
- Political scientist
- Securities analyst
- Statistician
- Stockbroker
- Systems analyst
- Teacher
- Trust officer
- Underwriter
- Urban planner

Alumni in Mathematics have found employment in the following additional fields:

- Accountancy
- Appraising
- Banking
- Data processing
- Market research analysis

75% of graduates go on to find related employment, 15% go on to graduate school.

**Work settings include:**

- Accounting firms
- Banks
- Colleges/universities
- Computer firms
- Corporations/businesses
- Engineering firms
- Health agencies
- Insurance companies
- Investment houses
- K-12 schools
- Libraries
- Manufacturers
- U.S. and state governments

**Salary Information**

The U.S. Bureau of Labor Statistics reports in its Occupational Outlook Handbook that in 2018 the median annual salaries for economists and for mathematicians were $104,340 and $101,900 respectively. The rates-of-growth in employment are large for both.

## Academic Advising

Advising provided by the College of Arts and Sciences Student Advising Services and the Department of Mathematics.

## Academic Advising Contact Information

Please speak with the Directors of Undergraduate Studies for Mathematics and Economics.

## Scholarships and Financial Support

**Hazel and John Wilson Undergraduate Mathematics Scholarship**

This award is presented to one or more outstanding mathematics majors annually, and is awarded on the basis of outstanding academic achievement and demonstrated financial need.

**Summer Math Scholarship**

This award is presented annually to one mathematics major to support his or her research summer research project under guidance of a faculty member.

**Economics Scholarships**: The Department of Economics is grateful to all of our contributors and fortunate to be able to offer its students the following scholarship and award opportunities.

- Joseph W. and Kenneth P. Kogut Brothers of New York Mills Economic Development Award, Frederick J. Kogut and Nina F. Kogut-Akkum, donors.
- Matthew Scarpati Endowed Scholarship, James and Lynn Scarpati, donors.
- William A. Strauss Economics Scholarship, William A. Strauss, donor.

### Associated Programs

- Economics BA/Econometrics and Quantitative Economics (STEM) MS
- Economics BA
- Economics BA/MA
- Economics Minor
- Mathematics BA - General Curriculum
- Mathematics BA - Computing and Applied Mathematics Concentration
- Mathematics BA - General Study in Applied Mathematics Concentration
- Mathematics BA - General Study in Mathematics Concentration
- Mathematics BA - General Study in Mathematics and Education Concentration
- Mathematics BS - General Study in Applied Mathematics Concentration
- Mathematics BS - General Study in Mathematics Concentration
- Mathematics BA/MA