Undergraduate Catalog 2008-2009
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Financial Economics (BA) | Office | Website


Bachelor of Arts Degree in Financial Economics
The Bachelor of Arts degree in Financial Economics entails the academic study of finance with a strong foundation in the theory and application of economic principles. Within the context of a liberal arts education, the program provides a deeper knowledge of history, institutions and world economy, and prepares you to think critically about moral and ethical issues that occur in the realm of financial economics.

The program curriculum focuses on

  • the role of financial economics within financial institutions, industry and government
  • international finance and how it relates to the U.S. economy
  • basic economic models and theories
  • application of basic moral and ethical principles in the analysis of economic systems and issues

The program consists of 30 credit hours in Economics with the remaining BA credit hours in other academic disciplines, in addition to the UDM Core Curriculum requirement (18 credit hours for transfer students completing the Skill Specific Certificate in Accounting/Finance from MCC). A number of the requirements and elective Economics courses in the program are approved for Teacher's Certification by the State Board of Education.

UDM's Economics courses maintain long-standing approval by the AACSB International: The Association to Advance Collegiate Schools of Business—the premiere accrediting agency for BA, MA, MBA, and doctoral programs in business.

Career Options
The Financial Economics major will prepare you for a career in industry, financial and non-profit institutions, or in various levels of government. The degree also will focus on careers in the rapidly emerging international sector of the economy. In addition, the degree targets one of the fastest growing employment sectors in the economy. According to the U.S. Department of Labor, Bureau of Labor Statistics, the "overall employment of financial analysts and personal financial advisors is expected to increase faster than average for any occupations through 2014, resulting from increased investments by businesses and individuals." Globalization of the securities markets and deregulation of the financial services industry will also increase the demand for financial analysts and personal financial advisors.

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

  • traditional day and evening in-classroom format
  • online courses in seven-week format (two per semester)
  • one-week, intensive courses using in-classroom format

The program is offered at University Center at Macomb Community College in Clinton Township .

Admissions Requirements

Pre-requisites and Admission Requirements
In order to be admitted to the undergraduate Financial Economics program, you must meet entrance requirements of University of Detroit Mercy. Transfer students must have a minimum undergraduate GPA of 2.0.

Degree Requirements

To obtain an undergraduate degree, you must successfully complete the University's Core Curriculum (approximately 15-20 courses outside of a student's major that are designed to ensure a well-rounded education) and all designated major program courses.

A minimum of 126 total credit hours is required for graduation. A minimum 2.0 GPA must be maintained, although students should be aware that admission to graduate programs usually requires a minimum 3.0 GPA for undergraduate course work.

For MCC Transfer Students:
For students who have earned an associate degree from Macomb Community College, equivalent MCC classes meet core curriculum requirements at the 100 and 200 levels. For students who have completed Macomb Community College's Skill Specific Certificate in Accounting/Finance, 13 credit hours will transfer toward UDM's Financial Economics undergraduate major. The Macomb Community College Equivalency Guide Core Curriculum Requirements for UDM College of Liberal Arts & Education is available online .

Students who take MCC classes after admission to UDM complete a guest pass application each semester. Twenty-four credits from MCC are allowed, in addition to the 63 credits earned for the associate degree, using the guest pass procedure.

Students will complete the following courses for a total of 30 credits, in addition to the UDM Core Curriculum.

ECN 295 Microeconomic Principles (ECON 1170*) 3
ECN 296 Macroeconomic Principles (ECON 1160*) 3
ECN 305 Money and the Financial System 3
ECN 315 Intermediate Microeconomics 3
ECN 316 Intermediate Macroeconomics 3
ECN 358 Money and the Capital Markets 3
ECN 440 Economics of the Public Sector 3
ECN 446 International Finance 3


Two courses required from the following:
ECN 307 Business Economics Analysis (FINC 1010*) 3
ECN 313 Capital and Interest 3
ECN 331 Econ. Analysis of Financial Resources 3
ECN 347 Economic Development 3
ECN 348 Business Forecasting (BUSN 1010*) 3
ECN 355 Classical Ideas in Economics 3
ECN 376 Monetary and Fiscal Policy 3
ECN 385 Comparative Economic Systems 3
ECN 415 Introduction to Econometrics 3
ECN 452 Seminar in Market Economics 3
ECN 464 Practical Issues in Financial Economics 3
STA 225 Statistics (MATH 134*) 3
*Courses transferable from Macomb County Community College

For course descriptions, please view the online catalog (Archive Catalog 2002-2004).

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. The Economics department consists of seven faculty members with the addition of adjunct faculty when needed.

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For more information about UDM, or to apply online, go to www.udmercy.edu/apply.

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