Master of Arts Degree in Economics

• 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 run 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 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
  Recourse 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 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.