Undergraduate Catalog 2016-2017

UDM Academic Policies Course Descriptions List of All Programs Faculty

Economics (BA) | Office | Website

Description

The Bachelor of Arts with a major in Economics delves into the realms of economic analyses with a strong foundation in the theory and application of economic principles. Within the context of a liberal arts education, the program provides a well-rounded knowledge of the history, institutions and the dynamic evolution of a world economy, and prepares the student to think analytically and critically about the moral and ethical issues that occur in the academic domains of economics. The degree provides a wide range of theoretical and applied aspects of day-to-day economic reality which lays a basic foundation for a career in research, augments employability in businesses and prepares the student for further study toward a graduate or professional degree.
The program curriculum focuses on:

  • The role of the market's pricing system in the smooth 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 practical public issues.

In addition to the Detroit Mercy Core Curriculum requirement, the program consists of 33 credit hours in Economics with the remainder B.A. 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. with a major in Economics may not be counted toward the completion of either the B.A. with a major in Financial Economics or for earning additional minors in economics or financial economics.

Career Options

The Economics major degree prepares the student for a career in industry, financial and non-profit institutions, or in various levels of government institutions. 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 pursuing graduate degrees in Economics, Financial Economics or in the legal profession.

Course Delivery

To provide greater convenience and flexibility, courses will be available in diverse delivery options:

  • Traditional day and evening in-classroom format
  • Online courses

Admissions Requirements

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.

Degree Requirements

To obtain an undergraduate degree, a degree candidate must successfully complete the University's Core Curriculum and all Department-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 their undergraduate coursework.

Curriculum
In addition to the Detroit Mercy Core Curriculum, students majoring in Economics are required to complete the following courses for a total of 33 credits.

Required Courses (15 credits):

ECN 2950 Microeconomic Principles 3 credits
ECN 2960 Macroeconomic Principles 3 credits
ECN 3050 Money and the Financial System 3 credits
ECN 3150 Intermediate Microeconomics 3 credits
ECN 3160 Intermediate Macroeconomics 3 credits


Possible Electives--Choose six from the following (18 credits):

ECN 3480 Business Forecasting 3 credits
ECN 4150 Econometrics I 3 credits
ECN 4160 Advanced Money and Capital Markets 3 credits
ECN 4200 Labor Economics 3 credits
ECN 4300 Performance of United States Industry 3 credits
ECN 4355 Comparative Economic Systems 3 credits
ECN 4400 Economics of The Public Sector 3 credits
ECN 4640 Practical Issues in Financial Economics 3 credits
ECN 4650 Economics of International Trade 3 credits
ECN 4700 Special Problems in Economics 3 credits
ECN 4705 Economic Development 3 credits
ECN 4850 Monetary and Fiscal Policy 3 credits
ECN 4990 Senior Seminar 3 credits
STA 2250 Statistics 3 credits

Faculty

Detroit Mercy'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.

Minor in Economics

The Economics Minor requires 18 credits, including:

Required Economics courses-15 credits:

ECN 2950 Microeconomic Principles 3 credits
ECN 2960 Macroeconomic Principles 3 credits
ECN 3150 Intermediate Microeconomics 3 credits
ECN 3160 Intermediate Macroeconomics 3 credits
ECN 4355 Comparative Economic Systems 3 credits

Possible Electives--Choose one from the following (3 credits):

ECN 3480 Business Forecasting 3 credits
ECN 4305 History of Economic Thought 3 credits
ECN 4400 Economics of The Public Sector 3 credits
ECN 4650 Economics of International Trade 3 credits
ECN 4705 Economic Development 3 credits
ECN 4990* Senior Seminar 3 credits

*ECN 4990 also fulfills Objective 6B: Social Problems of the University Core.

Note: In addition to the University limitation that a student cannot major and minor in the same program, the department further limits department majors and minors in crossing over between Economics and Financial Economics.

Please contact Bruce Brorby at brorbybm@udmercy.edu for more information.

Program Contact Information

Department Chair: Raphael Shen, S.J., Ph.D.
Briggs Building, Room 315
McNichols Campus

Telephone: 313-993-1738
Fax: 313-993-1166
Email: shenrs@udmercy.edu


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


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