Quantitative Economics

Why study quantitative economics?

Students in this major learn the systematic study of mathematical and statistical analysis of economic phenomena and problems, as well as using cause-and-effect to make sense of the financial world.

  • With a focus on the quantitative side of economics, students in this major analyze situations using models and perform empirical analysis and computer simulations.
  • Quantitative economics is a designated STEM (science, technology, engineering & mathematics) major — recommended for international students looking to qualify for the optional practical training (OPT) extension or students pursuing economic graduate programs.
AU Economics Class

Academics at AU

Related Program of Study


Major Map




Latest News

In September, Augustana University began offering a quantitative economics (QE) major, alongside its economics major. Quantitative economics is the economics degree with an emphasis on the quantitative (side) with three parts: analyzing situations using models, empirical analysis and computer simulations.


QE Class 2023


Graduates secure careers as economic policy analysts, data analysts, economic consultants, loan officers, statisticians, actuaries and stockbrokers.

Hands-On Learning

Internship opportunities include:

Quantitative economics students study away in:

  • London, England; Paris, France; and Oslo, Norway — focusing on sustainable business with AU faculty

Courses & Organizations

Courses dive into theoretical analysis, statistical inference and game theory & mathematical economics.

Economics students often participate in:

  • Computer Science Club
  • Math Club
  • Omicron Delta Epsilon International Honor Society