Master of Arts Degree in Economics

A Master of Arts degree in Economics offers a student a flexible program allowing a wide range of needs, and produces graduates capable of  applied research and progression to doctoral programs.  Students have 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 the student with a deeper knowledge of history, institutions and forces at work in the world economy. The flexibility of the program allows the student to pursue or blend an applied concentration which provides for a more academically oriented program, or a theoretical concentration providing a more practical orientation.  

The Master of Arts degree in Economics program will prepare  the student 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 the student to achieve a higher level of sophistication that the business world is demanding. The degree will also prepare you the student for managerial advancement in the rapidly emerging international sector of the economy.

Learning Objectives 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 and the history of economic thought, monetary and fiscal policy, financial economics, public finance, and international monetary 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 formats

The program is offered at the University's McNichols campus as well as at theUniversity 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, a degree candidate must successfully complete a minimum of 30 credit hours of required graduate-level Economics courses.  (A student completing a B.A. in Economics or Financial Economics from UDM may not repeat the equivalent graduate courses without the consent of the advisor or chairperson.) 

Curriculum

For students entering Fall 2012 or later:

Students will complete the following courses:

Required Courses (15 credits)

  • ECN 5100
    Economic Analysis of Enterprise 3cr.
  • ECN 5120
    Analysis of Economic Conditions 3cr.
  • ECN 5150
    Quantitative Foundations 3 cr.
  • ECN 5400
    Financial Economics 3 cr.
  • ECN 5650
    Theory of International Trade 3 cr.

Electives (15 credits)

Plus five additional Economics electives including a thesis option.

*With the permission of the department chair, you can take one course in another discipline for career enhancement.

For students entering prior to Fall 2012:

Students will complete the following courses:

Theory Track*

  • ECN 5100
    Economic Analysis of Enterprise 3cr.
  • ECN 5120
    Analysis of Economic Conditions 3cr.
  • ECN 5200
    Economic Policy 3 cr.
  • ECN 5300
    Economic Idea in Perspective 3 cr.
  • ECN 5650
    Theory of International Trade 3 cr.

Applied Track*

  • ECN 5100
    Economic Analysis of Enterprise 3cr.
  • ECN 5120
    Analysis of Economic Conditions 3cr.
  • ECN 5660
    International Monetary Analysis 3 cr.
  • ECN 5300
    Economic Idea in Perspective 3 cr.
  • ECN 5850
    Seminar in Monetary and Fiscal Policy 3 cr.

Electives

Plus five additional Economics electives:

  • ECN 5200
    Economic Policy 3 cr.
  • ECN 5350
    Contemporary Economic Systems 3 cr.
  • ECN 5400
    Financial Economics 3 cr.
  • ECN 5450  
    Economics of the Public Sector 3 cr.
  • ECN 5460
    Money and the Capital Markets 3 cr.
  • ECN 5640
    Practical Issues in Financial Economics 3 cr.
  • ECN 5650
    Theory of International Trade 3 cr.
  • ECN 5660
    International Monetary Analysis 3 cr.
  • ECN 5700
    Economic Development 3cr.
  • ECN 5750
    Resource Economics 3 cr.
  • ECN 5850
    Seminar in Monetary and Fiscal Policy 3 cr.
  • ECN 5950
    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 consult the online catalog.

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.