What are the differences between the MAEC Program and other similar programs, like Quantitative Finance, Risk Management, and Actuarial Science?
The MAEC Program combines the studies of the two academic disciplines of Mathematics and Economics in one degree. It provides the broad based education that stresses on the foundation training of quantitative reasoning skills in analyzing
social and economic issues. The other programs are more professional in nature, focusing the training of the skills in the respective profession of finance, risk
management and actuarial science.
Is it important to include Economics and Mathematics Extended Modules (M1 / M2)
in the DSE subjects when applying for admission into the MAEC Program?
In the calculation of the weighted JUPAS score, we put more weights on M1 / M2 and
Economics. Therefore, DSE candidates who have taken these subjects would have
better advantage to gain admission into the MAEC Program. However, for those
MAEC students without the academic preparation in M1 / M2 and / or Economics in
secondary school, they would not have difficulties to follow the MAEC curriculum.
How is the MAEC Program different from studying a degree in Economics with a
minor in Mathematics?
The MAEC Program places equal emphasis on Mathematics and Economics, with
equal share of courses in both disciplines. There are 2 Macroeconomics courses and
2 Microeconomics courses in MAEC, and these courses incorporate the use of
calculus in explaining economics concepts. The quantitative training in mathematics
skills would be less substantial under the minor in Mathematics.
What are the differences between the program-based admission and school-based
admission into the MAEC program?
MAEC students admitted under the program-based admission would follow the
curriculum of the MAEC Program starting in the first year of study. They would take
the specific set of foundation courses that are more related to mathematics and
economics, without the necessity of taking either the respective foundation courses
in the School of Science (SSCI) or School of Business and Management (SBM).
Students who are first admitted into SSCI or SBM are required to join the major
declaration exercise at the end of the first year of study. The admission into the
MAEC Program would be on competitive basis.
For students admitted into SSCI or SBM in their first year, how to prepare better for
school-based admission into the MAEC Program?
Since the MAEC curriculum requires Calculus I (MATH1012 or 1013 or 1023), Calculus
II (MATH1014 or 1024) and Principles of Microeconomics (ECON2103), it is advisable
to take these courses in the first year. Otherwise, the study pathway in the later
semesters may be delayed since these courses serve as prerequisites for advanced
courses in the MAEC curriculum.
How can one benefit from the MAEC curriculum to launch a successful career in the
The quantitative reasoning skills acquired in the mathematics and economics courses
sharpen the logical solution and economics analysis of business problems. Students
may consider using the free electives to take courses in finance and computer science
to broaden their knowledge on financial markets and information technologies. The
combination of these skills is highly relevant to a wide range of jobs in the business
What are the potential choices of postgraduate degree programs for graduates of the MAEC Program?
With in-depth studies in both economics and mathematics, many MAEC graduates
were admitted into PhD programs in Economics and Statistics at leading universities,
like Columbia University, Cornell University, Stanford University. Others may choose
to study in MSc degrees in Financial Engineering, Statistics, Data Science. The
academic preparation for postgraduate studies of MAEC graduates would be more
substantial when compared with those who study professional degrees in actuarial
science and risk management.