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  Career Options

  Careers in the financial economics area have become increasingly sophisticated in both the private and public sectors and in government institutions. A Master of Arts in Financial Economics prepares a student to meet the more demanding career challenges in the increasingly complex financial institutions of a global economy comprising of central banks and agencies, commercial and investment banks and research organizations. The degree also provides preparation for careers in law, government, business and finance as well as a well-rounded foundation for doctoral studies in economics and financial economics.

  Given the ever-evolving needs of financial institutions with complex products and processes, there is a growing job market in the field of financial economics. According to the U.S. Department of Labor’s Bureau of Labor Statistics, "overall employment of financial analysts and personal financial advisors is expected to increase faster than average for all occupations through 2014, resulting from increased investment by businesses and individuals."

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  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 (UC)
  • completely online program - Where is this program available?

  Program curriculum adheres to º£½Ç´óÉñ's standards of academic integrity and intellectual merit.

  Note: Students who take courses across delivery options may be charged tuition at the highest rate.

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  Admission Requirements

  Prerequisites and Admission Requirements

  In order to be admitted to the Master of Arts in Financial Economics program, an applicant must meet entrance requirements of Detroit Mercy. The applicant must also have completed a baccalaureate or advanced degree from a regionally accredited college or university with a minimum cumulative GPA of 3.0 or better. In certain cases, additional prerequisites may be required.

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  Degree Requirements

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

  Curriculum

  Required 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 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)

  Elective Courses (6 credits):

  Two additional Economics Electives from the Following:

  • ECN 5200 Economic Policy (3 credits)
  • ECN 5300 Economic Ideas in Perspective (3 credits)
  • ECN 5350 Comparative 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)
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  Faculty

  º£½Ç´óÉñ's Economics faculty have significant academic as well as practical experiences in the world of finance, economics and business. Specific areas of expertise include international and development economics, financial institutions, public policy and economic theory.