Which will you pick

Bachelor of Arts

  • economics major
  • financial economics major

Accelerated Bachelor's to Master's

  • B.A. w/ economics major; Master of Arts in Economics
  • B.A. w/ financial economics major; Master of Arts in Financial  Economics

Minors

  • economics
  • financial economics

Graduate Programs

  • Master of Arts in Economics
  • Master of Arts in Financial Economics

Online Programs

  • Master of Arts in Economics
  • Master of Arts in Financial Economics

A Versatile Degree
in a Global Economy

Economics:
The Study of Choice; The Language of Power

Economics is everywhere. Not only does it affect the price of gas in the type of car you drive, but also, the everyday choices you personally make. Once you know the concepts behind economics, you will never look at the world the same way again.

Whether you are interested in economics or financial economics, our graduate and undergraduate programs prepare you be a critical thinker, a well-read scholar and an analytical problem-solver with a broad world view. In addition, a University of Detroit Mercy degree in economics or financial economics will provide outstanding preparation for careers in law, government, business and finance.

According to Bankrate.com, economics is one of 10 college degrees that lead to high paying jobs because economics majors tend to pursue business and finance-related fields.  In addition, these degrees can also help you to establish careers in education, law, government and public policy work.

With three locations to serve you, earning your degree is just a choice away. Classes are offered at our McNichols Campus in Detroit, at Macomb University Center in Clinton Township and graduate classes are available online with added flexibility of learning at your convenience and finishing within one academic year. 

If you are a resident of Macomb County, click here to learn more about the opportunities at Macomb University Center.

Sources of Rankings Listed at Top of Page

#5 Top 10 Colleges for Economics in Michigan: https://www.zippia.com/economics-major/#these-are-the-10-best-colleges-for-economics-majors-in-michigan

#6 Best Value Colleges for an Online Master's in Economics: http://www.collegevaluesonline.com/rankings/graduate/online-masters-in-economics/

#8 Best Online Masters in Economics:   http://www.affordablecollegesonline.org/degrees/masters-programs/best-online-masters-in-economics

#11 The Financial Engineer Times rankings of Financial Economics:  https://tfetimes.com/program-database-finecon

Macomb University Center

Do you live in Macomb County?

Through the University Partnership Program, you can take bachelor's and master's degree programs at Macomb University Center in Clinton Township.

In addition, students who have completed qualifying programs at Macomb Community College are eligible to transfer up to 96 credits toward their Detroit Mercy bachelor's degree. 

Learn more.

A Versatile Degree in a Global Economy

Economics Major | Financial Economics Major

Economics Major

The Bachelor of Arts with a major in economics entails the academic study of economic analysis with a strong foundation in the theory and application of economic principles. Within the context of a liberal arts education, the program provides you with a deeper knowledge of history, institutions and world economy, and prepares the student to think analytically and critically about moral and ethical issues in the realm of economics. The degree allows a wide range of theoretical and applied aspects which prepares you for a career in research or further study toward a graduate or professional degree. 

A number of the requirements and elective economics courses in the program are approved for Teacher's Certification by the State Board of Education.

The credit hours earned for the completion of the major in economics may not be counted toward the completion of the major in financial economics, or for the minors in economics or financial economics.

Degree Requirements

To obtain this undergraduate degree, the student must fulfill the requirements of the University core curriculum, the requirements for the program major and have completed a minimum of 126 credit hours.

Requirements for the Major
33 credit hours

Required Courses

ECN 2950 Microeconomic Principles 3 credits
ECN 2960 Macroeconomic Principles 3 credits
ECN 3050 Money and the Financial System 3 credits
ECN 3150 Intermediate Microeconomics 3 credits
ECN 3160 Intermediate Macroeconomics 3 credits
Six electives 18 credits

Please view the catalog for more detailed information about requirements for a major in economics.

Click to see sample syllabi for economics courses.


Financial Economics Major

The Bachelor of Arts major in financial economics centers around the academic study of economics as it applies to the realm of financial markets with a strong foundation in the theory and application of financial economic principles. Within the context of a liberal arts education, the program provides a deeper knowledge of economic theories and principles, history, institutions and world economy. It also prepares you to think critically about moral and ethical issues that affect financial markets.

A number of the requirements and elective economics courses in the program are approved for Teacher's Certification by the State Board of Education.

The credit hours earned for the completion of the Bachelor of Arts with a major in financial economics may not be counted toward the completion of either the bachelor's degree in economics or for the minors in economics or financial economics.

Degree Requirements

To obtain this undergraduate degree, the student must fulfill the requirements of the University core curriculum, the requirements for the program major and have completed a minimum of 126 credit hours.

Requirements for the major
30 credit hours

ECN 2950 Microeconomic Principles 3 credits
ECN 2960 Macroeconomic Principles 3 credits
ECN 3050 Money and the Financial System 3 credits
ECN 3150 Intermediate Microeconomics 3 credits
ECN 3160 Intermediate Macroeconomics 3 credits
ECN 4460 Money and the Capital Markets 3 credits
ECN 4100 Mathematics for Economists 3 credits
ECN 4660 International Finance 3 credits
STA 2250 Statistics 3 credits
1 elective 3 credits

Please view the catalog for more detailed information about a major in financial economics.

Click to see sample syllabi for economics courses.

For MCC Transfer Students:

If you have earned an Associate of General Studies or Associate of Arts from Macomb Community College (MCC), equivalent MCC classes may meet  University of Detroit Mercy's (UDM) Core Curriculum requirements. In addition, if you have completed the MCC Skill Specific Certificate in Accounting/Finance, many credit hours may transfer toward UDM's financial economics undergraduate major. Under the UDM Financial Economics Articulation Agreement, you may transfer a total of 96 credits.

Please view the catalog for more detailed information about requirements for MCC transfer students with a major in financial economics.

Economics | Financial Economics

Minor in Economics

A University of Detroit Mercy economics minor is a good option for many majors, including political science, communication studies, education and business. This minor will deepen your foundational understanding of economics as well as teach you to gather and analyze relevant data and evaluate economic policy proposals.

Minor Requirements
18 credit hours

Required Courses
ECN 2950 Microeconomic Principles 3 credits
ECN 2960 Macroeconomic Principles 3 credits
ECN 3150 Intermediate Microeconomics 3 credits
ECN 3160 Intermediate Macroeconomics 3 credits
ECN 4355 Comparative Economic Systems 3 credits
Plus 1 elective 3 credits

Please view the catalog for more detailed information about requirements for a minor in economics.

Click to see sample syllabi for economics courses.


Minor in Financial Economics

UDM's financial economics minor is also a good option for many majors, including political science, communication studies, education and business. This minor will deepen your foundational understanding of economics as well as teach you to gather and analyze relevant data and evaluate economic policy proposals. Required courses focus on a breadth of monetary issues and fiscal policy.

Minor Requirements
18 credit hours

Required Courses

The curriculum for business administration or accounting majors is:

ECN 2950 Microeconomic Principles 3 credits
ECN 2960 Macroeconomic Principles 3 credits
ECN 4460 Money and Capital Markets 3 credits
ECN 4850 Monetary and Fiscal Policy 3 credits
ECN 4640 Practical Issues in Financial Economics 3 credits
ECN 4660 International Finance 3 credits

The curriculum for all other majors is:

ECN 2950 Microeconomic Principles 3 credits
ECN 2960 Macroeconomic Principles 3 credits
ECN 3050 Money and The Financial System* 3 credits
ECN 4460 Money and Capital Markets 3 credits
ECN 4850 Monetary and Fiscal Policy 3 credits
Plus 1 elective 3 credits

Please view the catalog for more detailed information about requirements for a minor in financial economics.

Click to see sample syllabi for economics courses.

Accelerated 5-Year Bachelor's to Master's Degrees:

  • Bachelor of Arts w/ economics major + Master of Arts in Economics

  • Bachelor of Arts w/ financial economics major + Master of Arts in Financial Economics

Where could you be in 5 years?

University of Detroit Mercy's College of Liberal Arts & Education accelerated bachelor's and master's degree programs will increase your knowledge and skills in economics or financial economics as a full-time student for 10 semesters (5 academic years) before entering the workforce. These programs creates the opportunity for students to graduate with either a Bachelor of Arts with a major in economics and a Master of Arts in Economics or a Bachelor of Arts in with a major in Financial Economics or a Master of Arts in Financial Economics in five years.


Look at your next 5 years!
  First Year 36 undergraduate credits
  Second Year 36 undergraduate credits
  Third Year 36 undergraduate credits
  Fourth Year  
  First Semester: 9-12 undergraduate credits
  6 graduate credits
  Second Semester: 9-12 undergraduate credits
  6 graduate credits
  Fifth Year
  First Semester: 9-12 graduate credits
      Second Semester: 9-12 graduate credits including Capstone course, if required

Summary

  • Enroll as a freshman.
  • Pay full time undergraduate tuition during the first four years.
  • Pay regular graduate tuition for the fifth year.

You realize a substantial savings because the first 12 credits of your graduate program are covered at the undergraduate tuition rate. In addition, the graduate program is reduced by the four courses taken while an undergraduate. This accelerates your schedule and completes both programs five years which culminates in a huge savings!

In order to complete both the bachelor's and master's degrees in five years, you must:

  • Be very well prepared as an incoming freshman or transfer student;
  • Satisfy all the admission criteria (see below); and
  • Maintain a cumulative 3.25 GPA at Detroit Mercy, in order to take graduate level courses while still an undergraduate.

This program allows incoming freshmen to complete both the bachelor's and master's degrees by being a full-time student for 5 academic years (10 consecutive semesters). Juniors at UDM and transfer students may be admitted into the program with the permission of the department and Dean’s office.


 Admission into the Program

Qualifications for the accelerated programs for new freshmen are:
• Enter the accelerated/5-year option as a full-time incoming freshman;
• Have a high school ACT composite score of 24, with a minimum of 22 in each section;
• Have a high school grade point average of 3.4 overall on a 4.0 point scale; and
• Place into appropriate-level freshmen math and writing courses at UDM.

Qualifications for the accelerated programs for juniors and transfer students are:
• Receive program and Dean's Office approval;
• Can transfer in up to first term as a junior;
• Have a minimum GPA of 3.25; and
• Have a minimum of 72 credits.

Program Requirements
• Must maintain full-time status throughout undergraduate and graduate segments
• All undergraduate and graduate requirements must be met
• May take up to four graduate classes in the senior year
• May experience different financial aid packages for onsite and online graduate programs

How it Works—Save Time and Money
The student pays full-time undergraduate tuition during the first four years and regular graduate tuition for the fifth year. One economic benefit to the student is that the cost of the first 12 graduate credits (2 courses in the Fall and 2 courses in the Winter) has been covered by the normal undergraduate tuition meaning that no additional costs are incurred in the fourth-year-full-time tuition rate. Since the graduate program will be reduced by the 4 graduate courses taken while an undergraduate student, the graduate program can be done faster and more economically. Certain financial aid benefits are also applied to the entire 5-year program usually resulting in more cost-savings.


The student MUST maintain full-time status during the first three years. Depending on the program and the student’s incoming record such as AP Credits, full-time status usually means 15-18 credit-hours per semester. This will result in the student having 102-108 credits entering the senior year. During the senior year, the student must remain full-time, finishing their undergraduate degree while taking up to 12 credits of graduate work. A maximum of 12 graduate credits are allowed in the undergraduate portion of the program (6 credits in fall and 6 in winter). For freshmen, this program MUST be completed in five years from start to finish. If the student does not finish within the five years, then the program reverts to the costs associated with earning a master's degree outside of the five-year program and other financial aid benefits may be lost. Students who transfer into the program MUST maintain full-time status until the completion of the program.

Master of Arts in Economics

A Master of Arts in Economics from University of Detroit Mercy offers a flexible program designed to produce graduates capable of applied research and progression to doctoral programs. You 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.  

University of Detroit Mercy's Master of Arts in Economics will prepare you 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 you for managerial advancement in the rapidly evolving international sector of the economy.

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 Macomb University Center.
  • Online degree option. Click here for a list of where this degree option is available online.

Course Tuition & Fees*

*Note: Students who elect their course of study at the McNichols campus are not eligible to take classes online or through Macomb University Center at the discounted rate. Online only students are not eligible to take classes at the McNichols Campus or Macomb University Center. Students enrolled at the Macomb University Center location may take online classes at their same cost per credit hour.

Master's Requirements
30 credit hours

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
5 electives
15 credits

Please view the catalog for more detailed information about requirements for a Master of Arts in Economics.

Master of Arts in Financial Economics

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. The program also addresses moral and ethical issues related to the field of finance.

Course Delivery
To provide greater convenience and flexibility, courses will be available in different delivery options:

  • Traditional day and evening in-classroom format at the McNichols Campus.
  • Evening classes at Macomb University Center.
  • Completely online program. Click here to see the locations where this program is available online.

Course Tuition & Fees*

*Note: Students who elect their course of study at the McNichols campus are not eligible to take classes online or through Macomb University Center at the discounted rate. Online only students are not eligible to take classes at the McNichols Campus or Macomb University Center. Students enrolled at the Macomb University Center location may take online classes at their same cost per credit hour.

Course Rotation
Click to view a sample 3-campus course rotation schedule.

Master's Requirements
30 credit hours

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 electives 6 credits

Please view the catalog for more detailed information about requirements for a Master of Arts in Financial Economics.

Click to see sample syllabi for economics courses.

Earn Your M.A. in Economics or Financial Economics Completely Online

Affordable, Convenient Online Economics Degree

In just ONE calendar year, you could earn a Master of Arts in Economics or a Master of Arts in Financial Economics completely online from University of Detroit Mercy.

Admission/Program Requirements

  • 30 credits/10 courses
  • No GRE/GMAT required
  • Accredited by the Higher Learning Commission's North Central Association of Colleges and Schools.
  • Structured lectures with discussion boards, weekly self-assessments and timed exams with the economics courses.
  • Taught by the full-time faculty who teach the on-campus economics and financial economics courses.
  • Substantial savings of more than 60% off with the online economics degree program over attending on-campus classes.  Please click here for the fee and tuition schedule for  online programs.

    *Note: Online only students are not eligible to take classes at the McNichols Campus or Macomb University Center.

  • Upon successful completion of the online econ program, your diploma will be from University of Detroit Mercy with no reference to an online economics degree.
  • You are welcome to join us for the commencement ceremony in Detroit, Michigan, and walk across the stage.
 

Requirements for Acceptance into the Online Graduate Degree Economics Programs*

  • An undergraduate degree in economics or business administration is preferred.
  • An overall grade point average of 3.0 or better

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

Sample Course Rotation by Term Admitted

Sample Syllabi

Degree Checklist

Graduation Application


Watch two lectures from a UDM economics symposium from two University of Detroit Mercy instructors.  Watch more lectures here.


Glimpses from the Past
(36 minutes
)
Joseph A. Weglarz
lecturer, UDM
 
Inflation or Deflation?
(17 minutes
)
Harry C. Veryser
adjunct professor of economics
University of Detroit Mercy

Enroll Now

Click here for a list of locations where the Master of Arts in Economics is available online.

Click here for a list of locations where the Master of Arts in Financial Economics is available online.

Contact us to see how flexible and affordable getting your Master's degree in Economics or Financial Economics can be.


About University of Detroit Mercy
The legacy of University of Detroit Mercy began more than 125 years ago. Detroit Mercy is Michigan's oldest and largest Catholic University. Learn more at: http://liberalarts.udmercy.edu.

Need More Information BEFORE You Apply?

If you would like more information about University of Detroit Mercy's graduate programs  in economics, please use our contact form:


Are You Ready to Apply?

To apply, please go to the UDM Admissions page:

http://www.udmercy.edu/apply/index.htm

Because our apply page needs to accommodate all of our applicants in the disciplines that UDM offers, it may seem a bit confusing at first. To help you navigate the admissions process, we encourage you to communicate with an admissions counselor by phone at 800-635-5020 or by email at admissions@udmercy.edu.