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.