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Bachelor of Arts Degree in Financial Economics
The Bachelor of Arts degree in Financial Economics centers around the academic study of finance 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 history, institutions and world economy, and prepares the students to think critically about moral and ethical issues that the students encounter in the realm of financial economics.

The program curriculum focuses on:

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

In addition to the UDM Core Curriculum requirement (18 credit hours for transfer students completing the Skill Specific Certificate in Accounting/Finance from MCC), the program consists of 30 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.

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 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. 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
  • one-week, intensive courses using in-classroom format

The program is offered at UDM's McNichols Campus and 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, the applicant 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.

Degree Requirements

To obtain an undergraduate degree, the 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 graduation. 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.

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 1000 and 2000 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 need to complete a guest pass application each semester. Using the guest pass procedure, in addition to the 63 credits earned for the associate degree, twenty-four credits from MCC are allowed.

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

ECN 2950 Microeconomic Principles (ECON 1170*) 3
ECN 2960 Macroeconomic Principles (ECON 1160*) 3
ECN 3050 Money and the Financial System 3
ECN 3150 Intermediate Microeconomics 3
ECN 3160 Intermediate Macroeconomics 3
ECN 3580 Money and the Capital Markets 3
ECN 4400 Economics of the Public Sector 3
ECN 4660 International Finance 3


Two courses required from the following:
ECN 3070 Business Economics Analysis (FINC 1010*) 3
ECN 3130 Capital and Interest 3
ECN 3310 Econ. Analysis of Financial Resources 3
ECN 3470 Economic Development 3
ECN 3480 Business Forecasting (BUSN 1010*) 3
ECN 3550 Classical Ideas in Economics 3
ECN 3760 Monetary and Fiscal Policy 3
ECN 3850 Comparative Economic Systems 3
ECN 4150 Introduction to Econometrics 3
ECN 4520 Seminar in Market Economics 3
ECN 4640 Practical Issues in Financial Economics 3
STA 2250 Statistics (MATH 134*) 3
*Courses transferable from Macomb County Community College

For course descriptions, please view the online catalog.

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.

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

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