Economics (MAE)


Master of Arts in Economics

A Master of Arts in Economics offers a flexible program that can meet a wide range of needs, preparing graduates capable of initiating applied research and progression toward doctoral programs. Students have the opportunity ability to learn and apply economic and financial principles relating to the U.S. as well as international financial systems. Based upon a liberal arts foundation, the degree program also provides the student with a deeper knowledge and understanding of the history, institutions and forces at work in the world economy. The flexibility of the program allows the student to pursue either a more applied concentration in coursework that helps provide for a more practical orientation or a theoretical concentration that is more of an academically oriented program.

The Master of Arts in Economics program prepares students for career advancement in the private sector (e.g., non-profit institutions, school systems, industry and financial institutions) as well as in diverse levels of government. As the globalization process accelerates, the demand for more advanced knowledge and abilities in the field of economics correspondingly increases. University of Detroit Mercy's Master of Arts in Economics program enables students to achieve a higher level of sophistication that the business world requires. The degree can also help prepare students for managerial advancement in the rapidly emerging international sector of the economy.

Upon completion of the Master of Arts in Economics program, students will have:

  • a working knowledge of how economics is woven into the fabric of institutions, industry and government;
  • an understanding of international economics and how it relates to the U.S. economy; and
  • a greater awareness of moral and ethical issues and principles as they relate to economic concepts, theories and realities.

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    Admission Requirements

    Prerequisites and Admission Requirements

    In order to be admitted to the Master of Arts in 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 cumulative GPA of 3.0 or better. In certain cases, additional prerequisites may be required.


    Degree Requirements

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


    Students will complete the following courses:

    Required Courses (15 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 5650 Theory of International Trade (3 credits)

    Electives (15 credits)*

    Take five additional economics electives including a thesis option.

    *With the permission of the department chair, you can take one course in another discipline for career enhancement.


    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*

    Program curriculum adheres to University of Detroit Mercy's standards of academic integrity and intellectual merit.

    *Where is this online program available?
    University of Detroit Mercy welcomes online students from around the world. If you are English-fluent, and you have a reliable internet connection, you can enroll in our online programs.

    As a potential student, it is your responsibility to confirm our program meets specific licensure requirements in your state or location of residence. Health professions applicants should contact the applicable licensing board.


    Applied Data Analytics – New Program

    From e-commerce, to business, to government, to health care, organizations are turning to data science to understand their customers, improve efficiency and deliver targeted results. Detroit Mercy's Master of Science in Applied Data Analytics Program is a new 30-credit-hour-program that is designed to uniquely position graduates as employment ready in a growing and versatile field.

    Visit the Master of Science in Applied Data Analytics page for more information.



    University of Detroit Mercy's Department of Economics faculty have significant academic and practical experiences in the fields of finance, economics and business. Specific areas of expertise include international and development economics, financial institutions, public policy and economic theory.


    Career Options

    The Master of Arts in Economics program provides outstanding preparation for careers in law, government, business and finance. With the growth of financial institutions and their increasingly complex products and processes, there is a growing job market for graduates with degrees in the field of economics.

    The U.S. Department of Labor’s Bureau of Labor Statistics indicates that employment prospects of economists are increasingly varied and growing with employment possibilities in both the public and private sectors, as well as with not-for-profit institutions. The expanding globalization of trade and commerce has contributed to a brighter employment opportunity for economists. The wide range of positions includes forecasters, planners and analysts, as well as positions in secondary education and higher education.

Program Contact Information

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

Telephone: 313-993-1738
Fax: 313-993-1166

Department Website