Economics and Financial Economics Degrees

Share:
Detroit Mercy Economics Programs Recognized as Good Value

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


Ask us questions! We’re here to help.

Department Contact
Victoria Mantzopoulos, Ph.D.
armstrov@udmercy.edu
313-993-3254

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, education, business and finance. Economics degrees can also help you to establish careers in public policy work.

Detroit Mercy's Master of Science in Applied Data Analytics Program is a 30-credit-hour-program that is designed to uniquely position graduates as employment ready in a growing and versatile field. From e-commerce, to business, to government, to health care, organizations are turning to data science to understand their customers, improve efficiency and deliver targeted results. Detroit Mercy’s program is unique in its emphasis on the application of knowledge and skills in the area of data analytics.

Classes are offered at our McNichols Campus in Detroit and graduate classes are available online with added flexibility of learning at your convenience and finishing within one academic year.

McNichols Campus Undergraduate Economics Programs

Open All | Close All

  •  

    Economics Major - Bachelor of Arts

    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. 

    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 120 credit hours. Applicants must meet University of Detroit Mercy entrance requirements. Transfer students must have a minimum undergraduate GPA of 2.0 to be considered for possible admission.

    Budget Analysts 2021 Median Pay $79,000 
    2021 median pay financial analysts $81,000 
    2020-30 job outlook market research analysts 

    Sample Syllabi

    Contact us to see syllabi for this program.

     

  •  

    Financial Economics Major - Bachelor of Arts

    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.

    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 120 credit hours. Applicants must meet University of Detroit Mercy entrance requirements. Transfer students must have a minimum undergraduate GPA of 2.0 to be considered for possible admission.

    2021 median pay, personal financial advisors $94,000 
    2021 median pay financial analysts $81,000 
    2021 median pay market research analysts $63,000 

    Sample Syllabi

    Contact us to see syllabi for this program.

  •  

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

    Where Could You Be in Five 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:

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

    Requirements for Transfer Students

    Students transferring in from a community college require permission from the Dean's Office.

    In order to complete the bachelor's and master's degrees entering as a transfer student you must:

    • Have 60-63 transferable credits.
    • Meet the requirements for the Michigan Transfer Agreement (MTA).
    • Maintain a cumulative GPA of 3.25 throughout the entire undergraduate portion of the program, and a minimum GPA of 3.0 for graduate courses.
    • Maintain full-time status. This is typically 15-18 credit hours per semester, for a total of 102-108 credits for students entering as a senior.
    • Finish the bachelor's degree by the end of the fourth year and master's degree by the end of the fifth year. During your senior year, you can take up to two graduate level courses for each term with a maximum of four.
    Note:
    • Students can take summer courses if needed to catch up or advance.
    • Students are not required to apply for the graduate portion or take any exams such as GRE if they have met and maintained all accelerated program requirements.

    Sample Program for Incoming Freshmen

    (Note: Full-time status must be maintained in all semesters)

    First Year: 30-36 undergraduate credits
    Second Year: 30-36 undergraduate credits
    Third Year: 30-36 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 (depending on program)
    • Second Semester: 9-12 graduate credits (depending on program)

    Sample Program for Transfer Students

    (Note: Full-time status must be maintained in all semesters) 

    Third Year: 30-36 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 (depending on program)
    • Second Semester: 9-12 graduate credits (depending on program)
  •  

    Accelerated 6-Year Law Scholars Program (3+3)

    Are you ready to accelerate your law career? Detroit Mercy’s innovative Accelerated 6-Year Law Scholars Program enables you to earn both a bachelor's degree and a Juris Doctor degree in only six years rather than the traditional seven. Economics is an approved major for this program. Students must meet program entrance criteria.

    • Earn a law degree in less time.
    • Your space in the Detroit Mercy School of Law is reserved.
    • Receive exclusive access to "law only" events such as the Lunch with a Lawyer series.
    • Meet and network with judges and other legal professionals.

  •  

    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.

  •  

    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. 

McNichols Campus Graduate Programs

Open All | Close All

  •  

    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.

  •  

    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.

  •  

    Master of Science in Applied Data Analytics

    Degree: Master of Science in Applied Data Analytics
    Credit Hours: 30

    Data Analytics is the science of analyzing data in order to make meaningful and useful inferences. Its techniques can reveal trends and metrics that would otherwise be lost in the mass of information. This information can then be used to optimize the overall efficiency of a process, business or system. The ability to act on data lags far behind the ability to collect and store data, which is why data analytics professionals are in high demand.

    Detroit Mercy’s curriculum is interdisciplinary and includes courses from several departments and colleges including Cybersecurity & Information Systems, Computer Science, Economics, Architecture, Business Administration, Mathematics and Health Professions. The capstone project, completed under the supervision of program faculty, provides a formative and interactive learning experience.

    Detroit Mercy's Master of Science in Applied Data Analytics program is designed to meet the needs of companies and organizations in today’s data-driven marketplace. Offered on campus or fully online, this flexible 10-course program can help you master Big Data.

  •  

    New! Graduate Certificate in Applied Data Analytics

    Degree: Graduate Certificate in Applied Data Analytics
    Credit Hours: 15

    This 15-credit-hour (5 course) graduate certificate is designed to provide hands-on training in the area of applied data analytics. Coursework focuses on development of knowledge and skills in critical reasoning, measurement development and evaluation, data management, data analytic software utilization, multivariate data analysis and modeling, and data mining techniques.

    If you would like to continue your study in this field, the 15 credits from the certificate can be applied to the 30-credit master's degree. The full curriculum for this new program will be available in the 2022-23 catalog.

Online Graduate Programs

Open All | Close All

  •  

    Master of Arts in Economics

    Degree: Master of Arts in Economics
    Credits: 30

    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 tuition savings with the online 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. 

    * 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.

  •  

    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 tuition savings 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. 

    * 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.

  •  

    New! Graduate Certificate in Applied Data Analytics

    Degree: Graduate Certificate in Applied Data Analytics
    Credit Hours: 15

    This 15-credit-hour (5 course) graduate certificate is designed to provide hands-on training in the area of applied data analytics. Coursework focuses on development of knowledge and skills in critical reasoning, measurement development and evaluation, data management, data analytic software utilization, multivariate data analysis and modeling, and data mining techniques.

    If you would like to continue your study in this field, the 15 credits from the certificate can be applied to the 30-credit master's degree. The full curriculum for this new program will be available in the 2022-23 catalog.

  •  

    Master of Science in Applied Data Analytics

    Degree: Master of Science in Applied Data Analytics
    Credit Hours: 30

    Data Analytics is the science of analyzing data in order to make meaningful and useful inferences. Its techniques can reveal trends and metrics that would otherwise be lost in the mass of information. This information can then be used to optimize the overall efficiency of a process, business or system. The ability to act on data lags far behind the ability to collect and store data, which is why data analytics professionals are in high demand.

    Detroit Mercy’s curriculum is interdisciplinary and includes courses from several departments and colleges including Cybersecurity & Information Systems, Computer Science, Economics, Architecture, Business Administration, Mathematics and Health Professions. The capstone project, completed under the supervision of program faculty, provides a formative and interactive learning experience.

    Detroit Mercy's Master of Science in Applied Data Analytics program is designed to meet the needs of companies and organizations in today’s data-driven marketplace. Offered on campus or fully online, this flexible 10-course program can help you master Big Data.

    Detroit Mercy's Master of Science in Applied Data Analytics program is a qualified STEM/OPT program.

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
Executive Director of China Programs
313-993-3254
armstrov@udmercy.edu

Faculty

Camara picture

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

Lin picture

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

Rakovalis picture

Christopher Rakovalis
Senior Adjunct Instructor
rakovacl@udmercy.edu

Shen, S.J. picture

Raphael Shen, S.J.
Professor of Economics
* Department Chair
313-993-1738
shenrs@udmercy.edu


Ready for the Next Step?

Share: