Master of Arts in Financial Economics

Complete a Master of Arts in Economics in One Calendar Year
On Campus or Online!

The Master of Arts 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

Learning Goal Learning Objectives Where Assessed
Understand ideas, concepts, tools, theories and models of economics Demonstrate knowledge of financial concepts and models

ECN 5400, ECN 5300, ECN 5460

Understand subdisciplines and the application of these disciplines to current economic issues and problems Demonstrate an integration of their economic knowledge of the subdisciplines such as economic development and analysis of economic conditions, economic ideas, monetary and fiscal policy, financial economics, quantitative analysis, public finance, and international analysis and trade.

ECN 5850, ECN 5640, ECN 5150

Communicate effectively Produce oral and written communications that express economic ideas accurately, professionally and succinctly that utilize key economic resources and data. Representative sample throughout coursework

Express quantatative and logical economic principles

Analyze and integrate quantatative data and theoretical constructs to critically evaluate economic policy

ECN 5350, ECN 5700

Course Delivery

To provide greater convenience and flexibility, courses are available as:

  • Traditional day and evening in-classroom format at the McNichols Campus
  • Late afternoon and evening in-classroom format at the Macomb University Center
  • Online courses

Pre-requisites and Admission Requirements

In order to be admitted to the Master of Arts in Financial Economics program, students must meet University of Detroit Mercy's entrance requirements. In addition:

  • An undergraduate degree in economics or business administration is preferred.
  • An overall grade point average of 3.0 or better
  • No GRE/GMAT required

*Please contact us if you are interested in this program but do not meet the above requirements.

Degree Requirements

To obtain a Master of Arts in Financial Economics, a degree candidate must successfully complete a minimum of 30 credit hours of required graduate-level economics courses. (A student completing a Bachelor of Arts with a major in economics or financial economics from University of Detroit Mercy may not repeat the equivalent graduate courses without the consent of the advisor or chairperson.)


All students will complete the following courses:

1. Required Financial Economics Courses (24 credits)

ECN 5100 Economic Analysis of Enterprises 3 credits
ECN 5120 Analysis of Economic Conditions 3 credits
ECN 5150 Quantitative Foundations of
Economic Analysis
3 credits
ECN 5400 Financial Economics 3 credits
ECN 5460 Money and the Capital Markets 3 credits
ECN 5640 Practical Issues in Financial Economics 3 credits
ECN 5660 International Monetary Analysis 3 credits
ECN 5850 Seminar in Monetary and Fiscal Policy 3 credits

2. Financial Economics Electives -  Two additional Economics electives from the following: (6 credits)

ECN 5200 Economic Policy 3 credits
ECN 5300 Economic Ideas in Perspective 3 credits
ECN 5350 Contemporary Economic Systems 3 credits
ECN 5450 Economics of the Public Sector 3 credits
ECN 5650 Theory of International Trade 3 credits
ECN 5700 Economic Development 3 credits
ECN 5800 Introduction to Econometrics 3 credits
ECN 5810 Advanced Money and Capital Markets 3 credits
ECN 5950 Individual Readings and Research 3 credits

Course Rotation

For a comprehensive listing that identifies course availability for each term, campus and online option, download the course rotation guide. Note: Some adjustments may be necessary. 


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.