What is Quantitative Economics?

Quantitative economics teaches students to use mathematical tools to model microeconomic and macroeconomic behavior and to understand how individuals, firms, and economies make decisions.

Students learn empirical techniques to test hypotheses emerging from theory using real data from around the world and explore quantitative comparisons of costs and benefits across a wide range of contexts. The major blends economic reasoning with data-driven analysis, preparing students to investigate complex issues through a mix of modeling, statistical methods, and evidence-based reasoning.

Why study Quantitative Economics?

Quantitative economics is ideal for students who want to understand how the economy works through mathematical modeling, empirical evidence, and data-based reasoning. It builds strong analytical and quantitative skills, emphasizing how to test ideas using data from firms, institutions, and economies across the globe. Students who enjoy careful analysis and real-world problem solving, particularly in areas such as environment, health, sports, and public policy, will find the major both rigorous and engaging.

The discipline leads to careers in economic research, business intelligence, consulting, and policy analysis. It prepares students to navigate a changing world through the combination of analytic training and a liberal arts foundation. Quantitative economics prepares students for graduate study in economics, data science, public policy, finance, and related fields.

Why study Quantitative Economics at Beloit College?

Beloit College’s quantitative economics major pairs rigorous analytical training with the flexibility and mentoring of a liberal arts environment. Students develop strong skills in mathematical modeling, econometrics, and data-driven reasoning, applying these tools through case studies, real-world projects, and professional internships. As a STEM-designated major, it also allows international students to apply for a two-year Optional Practice Training (OPT) extension after graduation.

A signature strength of the program is the Upton Forum. For almost two decades, the Forum has brought leading economic thinkers to campus, including four Nobel Memorial Prize winners. Students engage directly with scholars shaping the field, gaining exposure to frontier economic debates and building the intellectual confidence needed for high-level quantitative work.

Beloit College provides a four-year developmental career pathway tailored to quantitative careers. Students benefit from close mentorship with faculty and career coaches along with distinctive resources such as Belmark Associates, the Concierge Internship Program, the Know Your Employer series, the Business Networking Summit at the Chicago Booth School of Business, Summer Internship Awards, and Executive-in-Residence mentoring. Many students conduct research with faculty during the academic year or summer, experiences that deepen analytical skills and strengthen applications to competitive graduate programs and data-centered careers in economic research, business intelligence, consulting, and public policy.