Program Overview

The Actuarial Science and Mathematical Economics programs at High Point University prepare students for some of the most exciting and “in-demand” jobs in the workforce. Economics is no longer as simple as “supply and demand.” Problem solving, abstract thinking, and quantitative reasoning are among the most sought after attributes of new hires – and these are all skills sharpened by a serious study of mathematics. Further, economics is becoming an increasingly technical field that now makes use of almost every area of mathematics. A solid background in mathematics will give those wishing to excel in economics-related professions a distinct advantage over the competition.

A Focused Curriculum

High Point University offers a Bachelor of Sciences in both Actuarial Science and Mathematical Economics.

The Actuarial Science major at High Point University was designed in consultation with local actuaries to give its students the best possible preparation for an actuarial career. Courses in finance, economics, and statistics have been accepted by the Society of Actuaries as satisfying its VEE requirements in Corporate Finance, Micro- and Macroeconomics, and Applied Statistics. The goal of the program is to produce graduates who have passed the first two actuarial exams (Probability and Financial Mathematics), completed the Society of Actuaries VEE requirements, and have developed through their coursework the skills to succeed in the actuarial profession.

Students seeking a B.S. in Mathematical Economics will be immersed in a well-balanced curriculum, preparing them for a wide variety of economics-related jobs or future graduate study. In addition to receiving a solid foundation in mathematics and economics, students will be given the opportunity to master principles of accounting, statistics, and financial management. Interested students will also have the opportunity to do individual research with the guidance from both a mathematician and an economist.

Courses leading to a B.S. in Actuarial Science prepare students for an exciting field. But what, exactly, is actuarial science? Actuaries put a price tag on risk. They are the leading professionals in finding ways to manage risk and are experts in:

• Evaluating the likelihood of future events

• Reducing the impact of undesirable events

• Designing creative ways to reduce the likelihood of undesirable events

Actuaries work in all sectors of the economy, though they are more heavily represented in the financial services sector. Their work is the analytical backbone of the nation’s financial security programs, including insurance, Social Security, and Medicare.

Courses leading to a B.S. in Mathematical Economics will provide sufficient depth to prepare students for a variety of careers requiring quantitative and analytical skills in business, finance, and government. Such professions include, but are not limited to:

• Economist

• Actuary

• Bank examiner

• Market research analyst

• Financial analyst

• Marketing specialist

• Financial planner

• Statistician

Alternatively, this program equips students for a variety of graduate level programs, including studies in business, economics, public policy, and law.

Requirements for a B.S. in Mathematical Economics

• All majors must take the following courses:
  ACC 2010 Financial Accounting
  ACC 2020 Managerial Accounting
  ECO 2030 Principles of Macroeconomics
  ECO 2050 Principles of Microeconomics
  ECO 3030 Intermediate Macroeconomics
  ECO 3050 Intermediate Microeconomics
  FIN 3010 Financial Management
  MTH 1410 Calculus I
  MTH 1420 Calculus II
  MTH 2410 Calculus III
  MTH 2310 Linear Algebra
  MTH 3410 Differential Equations
  STS 3210 Linear Statistical Models
  STS 3250 Time Series & Forecasting

• Select either STS 2610 or STS 3200:
  STS 2610 Quantitative Methods
  STS 3200 Mathematical Statistics and Data Analysis

• PLUS: Select three ECO electives at the 3000-level or higher
  OR MTH 4910 and MTH 4920 Undergraduate Research I/II and two ECO electives at the 3000-level or higher [excludes ECO 3740].

Students will be advised in electing additional courses that will complement their career goals.