Mathematics is considered to be an integral and fundamental part of economics. Though economics is technically a social science, students pursuing this field receive a firm foundation in math. Liberal-arts students will earn less, even if they go to Harvard. Mathematics plays the primary role in many sciences (physics, chemistry, etc.) You will see more advanced mathematics more comparable to advanced physics mathematics within theoretical economics (Usually PHD level). As it is a well- known fact that price and money are crucial aspects of the economy and as a result to economics as well. Daily chart To make money, study maths or economics at a top university. Economics - the dismal science! Therefore, even in the 2nd year, a Maths + Economics student knows as much as an Economics student. A Maths + Economics student can also study 3 economics papers with 1 compulsory maths paper. Determining how resources are allocated requires a mathematical understanding of how to calculate those resources, the cost of distribution and assessing other quantitative measures. I love your explanation of how mathematics is an integral part of economics now, when it wasn't really included in 19th century writings. This is an entire different beast and takes a mindset similar to one of a theoretical physicist. Graphic … I'm not comparing economics to any of the hard sciences in terms of maths, so keep your shirts EE majors. and it is really the backbone of modern economics. 3rd year: 3 compulsory economics papers (with an option to take 4) for Economics students.