The Bachelor of Arts degree in 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 the student to think critically about moral and ethical issues that occur in the realm of finance and economics.
The program curriculum focuses on:
the role of the market's pricing system in the functioning of the economy,
fiscal and monetary policies,
basic economic models and theories, and
application of basic moral and ethical principles in the analysis of economic systems and issues.
In addition to the UDM Core Curriculum requirement, the program consists of 33 credit hours in Economics with the remaining BA credit hours in other academic disciplines. 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 B.A. in Economics may not be counted toward the completion of the B.A. in Financial Economics.
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.
The Economics major degree prepares the student for a career in industry, financial and non-profit institutions, or in various levels of government. The degree also helps students prepare for careers in the rapidly emerging international sector of the economy. A good number of economics majors also continue their studies in the legal profession.
To provide greater convenience and flexibility, courses will be available in diverse delivery options:
traditional day and evening in-classroom format
one-week, intensive courses using in-classroom format
Applicants must meet entrance requirements of the University of Detroit Mercy. Transfer students must have a minimum undergraduate GPA of 2.0 to be considered for possible admission.
To obtain an undergraduate degree, a degree candidate must successfully complete the University's Core Curriculum (18 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 the B.A. degree. A minimum of 2.0 GPA must be maintained, although students should be aware that admission to graduate programs usually requires a minimum of 3.0 GPA for undergraduate course work.
Students majoring in Economics are required to complete the following courses for a total of 33 credits in addition to the UDM Core Curriculum.
Five courses required from the following:
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.