Economics — Accelerated 5-Year Bachelor's to Master's Program

Description

Ïã¸ÛÁùºÏ²Ê¿ª½±'s College of Humanities, Arts & Social Sciences accelerated bachelor's to master's degree programs will increase your knowledge and skills in economics as a full-time student for 10 semesters (five academic years) before entering the workforce. This program creates the opportunity for students to graduate with a Bachelor of Arts with a major in Economics and a Master of Arts in Economics in five years.

Through Detroit Mercy's undergraduate curriculum, students delve 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 them to think analytically and critically about the moral and ethical issues that occur in the academic domains of economics.

The graduate program allows students to have the opportunity to learn and apply economic and financial principles relating to the U.S. as well as international financial systems. The flexibility of the program allows the student to pursue either a more applied focus in coursework that helps provide for a more practical orientation or a theoretical focus that is more of an academically oriented program.

In order to complete both of the bachelor's and master's degrees in five years, the student must:

  • Be very well prepared as an incoming freshman or transfer student;
  • Satisfy all the admission criteria (see below); and
  • Maintain a cumulative grade point average of 3.25 at Ïã¸ÛÁùºÏ²Ê¿ª½±, in order to take graduate-level courses while still an undergraduate.

This program allows incoming freshmen to complete both the bachelor's and master's degrees by being a full-time student for five academic years (10 consecutive semesters). Juniors at Ïã¸ÛÁùºÏ²Ê¿ª½± and transfer students may be admitted into the program with the permission of the department and Dean’s Office. Transferring credit in as a transfer student could reduce the time to complete the 5-year accelerated program based on what credits are transferred. For transfer students, please see additional information in the admission and program requirements sections below.

To obtain both the undergraduate degree and graduate degree in this accelerated program, the student must fulfill the requirements of the undergraduate degree by completing the Ïã¸ÛÁùºÏ²Ê¿ª½± Core Curriculum, the requirements for the undergraduate major and a minimum of 120 credit hours, as well as fulfill the requirements of the graduate program and the 30 credit hours of the degree. Both graduate and undergraduate requirements total a minimum of 150 credit hours.

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    Degree Requirements: B.A. Economics Major, 120 credits + M.A. in Economics, 30 credits

    For specific information on each degree, please refer to the catalog entry:

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    Admission to the Program

    For incoming freshmen:

    • Enter the accelerated/five-year option as a full-time incoming freshman;
    • Have an SAT score of at least 1160 or minimum ACT composite score of 24, with a minimum of 22 in each section;
    • Have a high school grade point average of 3.4 overall on a 4.0 point scale; and
    • Place into appropriate-level freshmen math and writing courses at Ïã¸ÛÁùºÏ²Ê¿ª½±.

    Detroit Mercy students enrolled in another Detroit Mercy major can transfer into this program up to their first term as a junior if they maintained a minimum grade point average of 3.25 each term throughout their undergraduate program.

    Transfer students entering this program from a community college:

    • Must have 60-63 transferable credits.
    • Must meet the requirements for the Michigan Transfer Agreement (MTA).
    • Must have a cumulative GPA of 3.25.
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    Program Requirements

     Requirements for incoming freshmen:

    • Must maintain full-time status throughout undergraduate and graduate segments.
    • The bachelor’s degree must be completed in four years and the master's degree must be completed in the fifth year.
    • All undergraduate and graduate requirements must be met.
    • May take up to four graduate classes in the senior year (maximum two a term).
    • Must maintain at least a grade point average of 3.25 each term throughout the undergraduate program.
    • May experience different financial aid packages for onsite and online graduate programs.

    Transfer students entering this program from a community college:

    • Must maintain a cumulative GPA of 3.25 and maintain that throughout the entire undergraduate portion of the program.
    • Must maintain full-time status. Can take summer courses if needed to either catch up or advance more quickly but must finish the undergraduate baccalaureate degree at end of their fourth year; and complete their graduate degree at the end of their fifth year.
    • Can take up to four graduate courses in fourth year/senior level status with a maximum of two graduate classes per term.
    • Must maintain a minimum grade point average of 3.0 (B) for graduate courses.
    • Each semester, fall and winter, of the senior year requires 9-12 credits of the specified undergraduate classes and six credits of graduate classes.

    Note: If transfer students have maintained full-time undergraduate status with the requisite grade point average, they do not need to apply for admission into the graduate program or take any exams such as GRE.

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    How it Works—Save Time and Money

    The student pays full-time undergraduate tuition during the first four years and regular graduate tuition for the fifth year. One economic benefit to the student is that the cost of the first 12 graduate credits (two courses in the fall and two courses in the winter) has been covered by the normal undergraduate tuition meaning that no additional costs are incurred in the fourth-year-full-time tuition rate. Since the graduate program will be reduced by the four graduate courses taken while an undergraduate student, the graduate program can be done faster and more economically. Certain financial aid benefits are also applied to the entire 5-year program usually resulting in more savings.

    The student MUST maintain full-time status during the first three years. Depending on the program and the student’s incoming record such as AP credits, full-time status usually means 15 to 18 credit-hours per semester. This will result in the student having 102 to 108 credits entering the senior year. During the senior year, the student must remain full-time, finishing his/her undergraduate degree while taking up to 12 credits of graduate work. A maximum of 12 graduate credits is allowed in the undergraduate portion of the program (six credits in fall and six in winter). For freshmen, this program MUST be completed in five years from start to finish. If the student does not finish within the five years, then the program reverts to the costs associated with earning a master's degree outside of the five-year program and other financial aid benefits may be lost. Students who transfer into the program MUST maintain full-time status until the completion of the program.

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    Sample 5-Year Program

    (Note: Full-time status must be maintained in all semesters)

    • First Year: 30-36 undergraduate credits
    • Second Year: 30-36 undergraduate credits
    • Third Year: 30-36 undergraduate credits
    • Fourth Year:
      • First Semester: 9-12 undergraduate credits, 6 graduate credits
      • Second Semester: 9-12 undergraduate credits, 6 graduate credits
    • Fifth Year
      • First Semester: 9-12 graduate credits (depending on program)
      • Second Semester: 9-12 graduate credits (depending on program)

Program Contact Information

Joseph Weglarz
Lecturer II
Department of Economics
Briggs Building, Room 321
McNichols Campus

Email: weglarzj@udmercy.edu
Telephone: 313-993-2005
Fax: 313-993-1166

Yu Peng Lin, Ph.D.
Associate Professor and Chair
Department of Economics
Briggs Building, Room 323
McNichols Campus

Email: linyp1@udmercy.edu
Telephone: 313-993-1096
Fax: 313-993-1166