Master of Arts Degree in Financial Economics
The Master of Arts degree in Financial Economics focuses on the study of economics and financial principles related to U.S. and international financial systems. The program also provides a deep knowledge of history, institutions and world economy. As a liberal arts degree, the program also addresses moral and ethical issues related to the field of finance.
Learning Outcomes and Goals
Graduates of the program will:
1. be able to understand the ideas, concepts, tools, theories, and models of economics.
2. be able to demonstrate an integration of their economic knowledge of the subdivisions within economics such as economic development and analysis of economic conditions, economic ideas, monetary and fiscal policy, financial economics, quantitative analysis, econometrics, public finance, and international analysis and trade, and the application of these subdivisions to current economic issues and problems.
3. be able to express economic ideas accurately, professionally, and succinctly by effectively applying relevant economic sources and data in various written formats.
4. be able to gather and analyze relevant data as well as critically evaluate economic policy proposals and their diverse outcomes in relation to various contemporary economic models and theories.
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 fourteen-week format
Program curriculum adheres to UDM's standards of academic integrity and intellectual merit.
The program is offered both at the University's McNichols campus and the University Center at Macomb Community College in Clinton Township.
Pre-requisites and Admission Requirements
In order to be admitted to the Master of Arts degree in Financial 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 Financial 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
For students entering Fall 2012 or later:
All students will complete the following courses: (24 credits)
- ECN 5100/3150
Economic Analysis of Enterprises 3 cr. - ECN 5120/3160
Analysis of Economic Conditions 3cr. - ECN 5150
Quantitative Foundations 3 cr. - ECN 5400/3050
Financial Economics 3 cr. - ECN 5460/3580
Money and the Capital Markets 3 cr. - ECN 5640
Practical Issues in Financial Economics 3 cr. - ECN 5660
International Monetary Analysis 3 cr. - ECN 5850/3760
Seminar in Monetary and Fiscal Policy 3 cr.
Electives
Plus two additional Economics electives from the following: (6 credits)
- ECN 5200
Economic Policy 3cr. - ECN 5300
Economic Ideas in Perspective 3cr. - ECN 5350
Contemporary Economic Systems 3cr. - ECN 5450
Public Sector 3 cr. - ECN 5650
Theory of International Trade 3 cr. - ECN 5700/3470
Economic Development 3 cr. - ECN 5800
Econometrics 3 cr. - ECN 5810
Advanced Money and Capital Markets 3cr. - ECN 5950
Directed Studies/Special Topics 3 cr.
For students entering prior to Fall 2012:
All students will complete the following courses: (24 credits)
- ECN 5100/3150
Economic Analysis of Enterprises 3 cr. - ECN 5120/3160
Analysis of Economic Conditions 3 cr. - ECN 5300
Economic Ideas in Perspective 3 cr. - ECN 5400/3050
Financial Economics 3 cr. - ECN 5450
Economics of the Public Sector - ECN 5460/3580
Money and the Capital Markets - ECN 5660/4650
International Monetary Analysis 3cr. - ECN 5850/3760
Seminar in Monetary and Fiscal Policy
Electives
Plus two additional Economics electives from the following:
- ECN 5350
Contemporary Economic Systems 3cr. - ECN 5640/4640
Practical Issues in Financial Economics 3 cr. - ECN 5650
Theory of International Trade 3 cr. - ECN 5700/3470
Economic Development 3 cr. - ECN 5750
Resource Economics 3 cr. - ECN 5950
Directed Studies/Special Topics 3 cr.
For course descriptions, please view the UDM online catalog.
Course Rotation
For a sample course rotation, click here. Note: This is only a typical rotation. Some adjustments may be necessary.
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.
