Master of Arts Degree in Economics
A Master of Arts degree in Economics offers you the ability to learn and apply economics and financial principles to the U.S. and international financial systems. Grounded in a liberal arts foundation, the degree program also provides you with a deeper knowledge of history, institutions and world economy. The degree program includes two tracks:
- Theory Track, which is more academically oriented
- Applied Track, which is more practically oriented
The Economics graduate program will prepare you for career advancement in the private sector (non-profit institutions, school systems, industry rand financial institutions) as well as in various levels of government. As business becomes more sophisticated, the demand for increased knowledge and abilities in the field of economics has become greater. The Master of Arts degree in Economics will enable you to achieve this higher level of sophistication that the business world is demanding. The degree will also prepare you for managerial advancement in the rapidly emerging international sector of the economy.
Upon completion of the graduate degree in Economics, you will have
- working knowledge of how economics is woven into the fabric of institutions, industry and government
- an understanding of international economics and how it relates to the U.S. economy
- a greater awareness of moral and ethical issues and principles as they relate to economic concepts and theories
Career Options
The Master of Arts degree in Economics will provide outstanding preparation for careers in law, government, business and finance. With the growth of financial institutions and their increasingly complex products and processes, there is a growing job market for graduates with economics degrees.
The U.S. Department of Labor, Bureau of Labor Statistics indicates that employment prospects of economists are increasingly varied and growing with employment possibilities in both the public and private sectors as well as with not-for-profits. The expanding globalization of trade and commerce has contributed the bright employment opportunity for economists. The wide range of positions includes forecasters, planners, analysts, as well as positions in secondary education and higher education.
Course Delivery
To provide greater convenience and flexibility, courses will be available in different delivery options:
- traditional day and evening in-classroom format
- online courses in seven-week format (two per semester)
- one-week, intensive courses using in-classroom format
The program is offered at University Center at Macomb Community College in Clinton Township.
Program curriculum adheres to UDM's standards of academic integrity and intellectual merit.
Pre-requisites and Admission Requirements
In order to be admitted to the Master of Arts degree in Economics, you must meet entrance requirements of UDM. You must also have completed a baccalaureate or advanced degree from a regionally accredited college or university with a cumulative GPA of 3.0 or better.
Degree Requirements
To obtain a Master of Arts degree in Economics, you must successfully complete a minimum of 30 credit hours of required graduate-level Economics courses. In certain cases, additional prerequisites may be required.
Curriculum
Students will complete the following courses:
Theory Track*
ECN 510
Economic Analysis of Enterprise 3cr.
ECN 512
Analysis of Economic Conditions 3cr.
ECN 520
Economic Policy 3 cr.
ECN 530
Economic Idea in Perspective 3 cr.
ECN 565
Theory of International Trade 3 cr.
Applied Track*
ECN 510
Economic Analysis of Enterprise 3cr.
ECN 512
Analysis of Economic Conditions 3cr.
ECN 566
International Monetary Analysis 3 cr.
ECN 530
Economic Idea in Perspective 3 cr.
ECN 585
Seminar in Monetary and Fiscal Policy 3 cr.
Electives
Plus five additional Economics electives:
ECN 520
Economic Policy 3 cr.
ECN 535
Contemporary Economic Systems 3 cr.
ECN 540
Financial Economics 3 cr.
ECN 545 Economics of the Public Sector 3 cr.
ECN 546
Money and the Capital Markets 3 cr.
ECN 564
Practical Issues in Financial Economics 3 cr.
ECN 565
Theory of International Trade 3 cr.
ECN 566
International Monetary Analysis 3 cr.
ECN 570
Economic Development 3cr.
ECN 575
Recourse Economics 3 cr.
ECN 585
Seminar in Monetary and Fiscal Policy 3 cr.
ECN 595
Individual Readings and Research 3 cr.
*With the permission of the department chair, you can take one course in another discipline for career enhancement.
For course descriptions, please view the online catalog (Archive Catalog 2002-2004).
Faculty
UDM's Economics faculty have significant academic experience as well as practical experience in the world of finance, economics and business. Specific areas of expertise include international and resource economics, financial institutions and public policy, and economic theory. The Economics department consists of seven faculty members with the addition of adjunct faculty when needed.