Economics and Financial Economics Degrees

Detroit Mercy Economics Programs Recognized as Good Value

For a complete list, please visit our national rankings page.

A Versatile Degree in a Global Economy

Economics is everywhere. Not only does it affect the price of gas and 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 degree programs prepare you to 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.

McNichols Campus Economics Programs

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    Economics Major - Bachelor of Arts | sample syllabi included

    Degree: Bachelor of Arts
    Major: Economics

    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 you 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.

    To obtain this undergraduate degree, the student must fulfill the requirements of the University core curriculum, the requirements for the 33-credit-hour program major and have completed a minimum of 126 credit hours. 


    View Sample Syllabi for On-Campus Courses

    Contact Us to see syllabi for this program.

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    Financial Economics Major - Bachelor of Arts | sample syllabi included

    Degree: Bachelor of Arts
    Major: Financial Economics

    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 of Arts with a major in economics or for the minors in economics or financial economics.

    To obtain this undergraduate degree, the student must fulfill the requirements of the University core curriculum, the requirements for the 30-credit-hour program major and have completed a minimum of 126 credit hours.

    For Macomb Community College 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 core curriculum requirements. In addition, if you have completed the MCC Skill Specific Certificate in Accounting/Finance, many credit hours may transfer toward Detroit Mercy's financial economics undergraduate major. Under the University of Detroit Mercy Financial Economics Articulation Agreement, you may transfer a total of 96 credits.


    View Sample Syllabi for On-Campus Courses

    Contact Us to see syllabi for this program.

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    Accelerated 5-Year Bachelor's to Master's Programs

    Where Could You Be in 5 Years?

    For ambitious, driven and career-minded incoming freshmen, University of Detroit Mercy offers two options to increase your knowledge and skills as a full-time student for 10 semesters (5 academic years) before entering the workforce:

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

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

    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 Detroit Mercy and transfer students may be admitted into the program with the permission of the department and Dean’s Office.

    5-Year Accelerated Economics Program


    5-Year Accelerated Financial Economics Program

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    Economics Minor

    Credit hours: 18

    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.

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    Financial Economics Minor

    Credit hours: 18

    University of Detroit Mercy'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.

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    Master of Arts in Economics

    Degree: Master of Arts in Economics
    Credits: 30

    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.

    Resource

    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. 



    Sample Syllabi

    Contact Us to see syllabi for this program.

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    Master of Arts in Financial Economics

    Degree: Master of Arts in Financial Economics
    Credits: 30

    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.

    Resources

    *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.


    Sample Syllabi

    Contact Us to see syllabi for this program.

Online Programs

  •  

    Master of Arts in Economics

    Degree: Master of Arts in Economics

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

    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.

    Consider these features and benefits:

    • 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 almost 50% off with the online economics degree program over attending on-campus classes.  Please click here for the fee and tuition schedule for online programs.*
    • Upon successful completion of the online 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. 

    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.

    Resources


    Sample Syllabi

    Contact Us to see syllabi for this program.

  •  

    Master of Arts in Financial Economics

    Degree: Master of Arts in Financial Economics
    Credits: 30

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

    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.

    Consider these features and benefits:

    • 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 almost 50% off with the online economics degree program over attending on-campus classes. Please click here for the fee and tuition schedule for online programs*.
    • 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. 

    Resources

    *Note: Students who elect their course of study at the McNichols campus are not eligible to take classes online at the discounted rate. Online only students are not eligible to take classes at the McNichols Campus.


    Sample Syllabi

    Contact Us to see syllabi for this program.

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    Admission to the Program

    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 these programs but do not meet the above requirements.

    Contact
    Victoria Mantzopoulos, Ph.D.
    Associate Dean & Professor
    College of Liberal Arts & Education

    Email: armstrov@udmercy.edu

Data Analytics

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    Undergraduate and Graduate Courses

    Understanding Big Data — the vast amount of information generated, stored, and mined for insights — is the new competitive advantage in today’s marketplace. Detroit Mercy's courses in this field will provide you with the foundations of understanding data analytics, teach you the essentials of business forecasting and give you exposure to the use and application of industry software in data mining. These courses are open to all majors and are available at the undergraduate and graduate levels.  A complete degree program in Data Analytics is currently being developed.

    Upon successful completion of the course, the student will receive a badge representing the skills learned.  Note, badges are not University conferred degrees.

    The following courses are currently available:

    • DATA 4001 / Data 5001 Science and Data (3 credits)
    • DATA 4100 / DATA 5150  Data Analytics Foundations (3 credits) / Quantitative Foundations of Economic Analysis (3 credits)
    • DATA 4480 / DATA 5480  Business Forecasting (3 credits)
    • DATA 4560 / DATA 5550  Database Design (3 credits)
    • DATA 4561 / DATA 5560 Database Management (3 credits)
    • DATA 4610 / DATA 5310  Introduction to Data Mining (3 credits)

    Please refer to the current catalog for course descriptions: udmercy.edu/catalog.


    Sample Syllabi

    Contact Us to see syllabi for this program.

Faculty

Brorby picture

Bruce Brorby
Adjunct Professor of Economics
313-993-1097
brorbybm@udmercy.edu

Camara picture

Ablaye Camara
Assistant Professor of Economics
313-993-1098
camaraab@udmercy.edu

DiGiovanni picture

Michael DiGiovanni
Executive in Residence
Adjunct Professor of Economics
313-993-2005
digiovmc@udmercy.edu

Lin picture

Yu Peng Lin
Associate Professor of Economics
313-993-1096
linyp1@udmercy.edu

Rakovalis picture

Christopher Rakovalis
Adjunct Professor of Economics
rakovacl@udmercy.edu

Shen, S.J. picture

Raphael Shen, S.J.
Professor of Economics
*Department Chair

shenrs@udmercy.edu

Administrators

Lin picture

Chi-Dar L. Lin
Vice President for Joint Programs and Initiatives
248-890-4356
udmusa@udmercy.edu

Mantzopoulos picture

Victoria Mantzopoulos
Associate Dean
Professor
Academic Coordinator for International Programs
313-993-3254
armstrov@udmercy.edu


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