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I think it depends in his ec classes. Graduating summa cum laude requires almost a 4.0 which at Harvard is very hard to get. Now imagine one of his economic courses was graduate micro and he got an A in it. Does it really matter he only took calculus? Furthermore, there are a couple of math courses that only the top kids at Harvard take that teach metric topology, linear algebra, multivariable calculus, ode, and some analysis in one year. If you get an A in that class you don't really need to prove yourself any further. In addition to that, everyone who says the letters are important is absolutely right. Writing the best thesis at Harvard is also a huge deal and any hot shot professor would be happy to sponsor a kid like regardless of how many math courses he took.
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