Master of Arts in Economics

MA Economics

Complete a Master of Arts in Economics in One Calendar Year

A Master of Arts in Economics offers students a flexible program designed to produce 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, this graduate degree program also provides students with a deeper knowledge of history, institutions and forces at work in the world economy. The flexibility of the program allows students 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 in Economics program will prepare students for career advancement in the private sector, non-profit institutions, school systems, industry and financial institutions, as well as in various levels of government. The Master of Arts in Economics prepares students with applied and theoretical knowledge to fulfill the essential demand in today's business world. The degree will also prepare students for managerial advancement in the rapidly evolving international sector of the economy.

Learning Outcomes and Goals

Learning Goal Learning Objectives Where Assessed
Understand Basic Economic and Financial Economics Concepts Display a familiarity with advanced economic concepts models and theories. ECN 5100, ECN 5120
Analyze economic theories and policies. Demonstrate an ability to critically analyze and make recommendations for complex contemporary economic challenges. ECN 5650
Express Qualitative and Quantitative tools of analysis Demonstrate a familiarity with qualitative and quantitative analysis in explaining and evaluating economic conditions and issues.  ECN 5150

Communicate Economics paradigms

Articulate and effectively communicate complex economic ideas by organizing, interpreting and presenting quantitative economic data and research findings. Representative sample of research projects and case analyses throughout coursework.

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 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 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.) 

Curriculum

Students will complete the following courses:

1. Required Economics Courses (15 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 5650 Theory of International Trade
3 credits

2. Economics Electives* (15 credits) - any 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.

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.