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  Degree/Major Requirements

  To obtain an undergraduate degree, the candidate must successfully complete the University's Core Curriculum and all Department-designated major program courses and requirements.

  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 their undergraduate coursework.

  Curriculum for the McNichols Campus

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

  • 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)
  • ECN 4100 Data Analytics Foundations (3 credits)
  • ECN 4460 Money and Capital Markets (3 credits)
  • ECN 4660 International Finance (3 credits)
  • STA 2250 Statistics (3 credits)

  Possible Electives - choose one from the following (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 4480 Business Forecasting (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)

  For MCC Transfer Students Completing the B.A. with a Major in Financial Economics at the Macomb University Center:

  For students who have earned an associate's degree from Macomb Community College (MCC), equivalent MCC classes meet core curriculum requirements at the 1000 and 2000 levels. The program consists of 30 credit hours in Economics, with the remainder undergraduate credits hours, in addition to the Detroit Mercy Core Curriculum, being in other academic disciplines.  For students who have completed Macomb Community College's Skill Specific Certificate in Accounting/Finance, 13 credit hours will transfer toward Detroit Mercy's Financial Economics undergraduate major. The Macomb Community College Equivalency Guide Core Curriculum Requirements for Ïã¸ÛÁùºÏ²Ê¿ª½±'s College of Liberal Arts & Education is available online.

  Students who take MCC classes after admission to Detroit Mercy need to complete a guest pass application each semester. In addition to the 63 credits earned for the associate's degree, an additional 33 credits from MCC are allowed.

  Major Requirements Offered at Macomb University Center (UC):

  Students will complete the following courses for a total of 30 credits, in addition to the Detroit Mercy Core Curriculum. Some substitution may be necessary for MCC/UC students.

  • ECN 3050 Money and the Financial System (3 credits)
  • ECN 3150 Intermediate Microeconomics (3 credits)
  • ECN 3160 Intermediate Macroeconomics (3 credits)
  • ECN 4100 Data Analytics Foundations (3 credits)
  • ECN 4305 History of Economic Thought (3 credits)
  • ECN 4460 Money and Capital Markets (3 credits)
  • ECN 4660 International Finance (3 credits)

  Possible Elective - choose three from the following (9 credits):

  • ECN 3950 Directed Reading and Research (3 credits)
  • ECN 4150 Econometrics I (3 credits)
  • ECN 4160 Advanced Money and Capital Markets (3 credits)
  • ECN 4350 Economic History of the United States (3 credits)
  • ECN 4400 Economics of The Public Sector (3 credits)
  • ECN 4460 Money and Capital Markets (3 credits)
  • ECN 4640 Practical Issues in Financial Economics (3 credits)
  • ECN 4705 Economic Development (3 credits)
  • ECN 4850 Monetary and Fiscal Policy (3 credits)
  • ECN 4990 Senior Seminar (3 credits)

  Supportive Core Requirements Taken at MCC:

  • BUSN 1010
  • ECON 1160
  • ECON 1170
  • FINC 1010
  • MATH 1340
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  College of Liberal Arts & Education Core Curriculum

  See University Core Curriculum for more information. Specifically, the student should follow the core for the College of Liberal Arts & Education.

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  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

  The program is offered at Detroit Mercy's McNichols Campus and Macomb University Center at Macomb Community College in Clinton Township, Mich.

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  Admission Requirements

  Prerequisites and Admission Requirements

  In order to be admitted to the undergraduate Financial Economics program, the applicant must meet Ïã¸ÛÁùºÏ²Ê¿ª½± entrance requirements. Transfer students must have a minimum undergraduate GPA of 2.0 to be considered for admission.

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  Financial Economics Minor

  The Financial Economics minor requires 18 credits.

  The curriculum for business administration or accounting majors is:

  • ECN 2950 Microeconomic Principles (3 credits)
  • ECN 2960 Macroeconomic Principles (3 credits)
  • ECN 4460 Money and Capital Markets (3 credits)
  • ECN 4640 Practical Issues in Financial Economics (3 credits)
  • ECN 4660 International Finance (3 credits)
  • ECN 4850 Monetary and Fiscal Policy (3 credits)

  The curriculum for all other majors is:

  • ECN 2950 Microeconomic Principles (3 credits)
  • ECN 2960 Macroeconomic Principles (3 credits)
  • ECN 3050 Money and the Financial System* (3 credits)
  • ECN 4460 Money and Capital Markets (3 credits)
  • ECN 4850 Monetary and Fiscal Policy (3 credits)
  • Possible Electives—Choose One from the Following (3 credits):
    • ECN 4640 Practical Issues in Financial Economics (3 credits)
    • ECN 4660 International Finance (3 credits)

  *Note: ECN 3050 may not be counted toward the minor in Financial Economics by students majoring in Business Administration or Accounting. Students majoring in Business Administration or Accounting must complete both ECN 4640 and ECN 4660.

  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.

  For a student wishing to minor in Financial Economics, please contact Ablaye Camara at camaraab@udmercy.edu for more information.

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  Data Analytics

  Understanding Big Data — the vast amount of information generated, stored, and mined for insights — is the new competitive advantage in today’s marketplace. Detroit Mercy's courses in this field will provide you with the foundations of understanding data analytics, teach you the essentials of business forecasting and give you exposure to the use and application of industry software in data mining. These courses are open to all majors and are available at the undergraduate and graduate levels.  A complete degree program in Data Analytics is currently being developed.

  Upon successful completion of the course, the student will receive a badge representing the skills learned. Note, badges are not University conferred degrees.

  • DATA 4100  Data Analytics Foundations (3 credits)
  • DATA 4480  Business Forecasting (3 credits)
  • DATA 4610  Introduction to Data Mining (3 credits)
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  Faculty

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

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  Career Options

  The Financial Economics major provides the student with the foundation for a career in the fields of investment banking, asset management, commercial banking, consulting and management in financial institutions.  Inside the financial functions in manufacturing or service industries, and in various levels of government or non-profit organizations, students will be well prepared to provide corporate financial management services.

  The degree also helps students prepare for careers in either the legal profession or in the rapidly emerging international sector of financial markets as well as provides students with a well-sorted training for further education in the fields of Financial Economics.

  Given the ever-evolving needs of financial institutions with complex products and processes, there is a growing job market in the field of financial economics. According to the U.S. Department of Labor’s Bureau of Labor Statistics, "employment of financial analysts is projected to grow 11 percent from 2016 to 2026, faster than the average for all occupations. A growing range of financial products and the need for in-depth knowledge of geographic regions are expected to lead to strong employment growth."