Economics (BA)
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. It also prepares students 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 University of Detroit Mercy Core Curriculum requirement, the program consists of 33 credit hours in Economics with the remainder 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.
The credit hours earned for the completion of the BA with a major in Economics may not be counted toward the completion of either the BA with a major in Financial Economics or for earning additional minors in Economics or Financial Economics.
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Degree/Major 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 BA 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 (18 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)
- ECN 4355 Comparative Economic Systems (3 credits) OR ECN 4705 Economic Development (3 credits)
Possible Electives—choose five from the following (15 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)
- STA 2250 Statistics (3 credits)
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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
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Admission Requirements
Applicants must meet University of Detroit Mercy entrance requirements. Transfer students must have a minimum undergraduate GPA of 2.0 to be considered for possible admission.
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Economics Minor
University of Detroit Mercy's 18-credit minor in Economics provides a foundation for understanding various economic principles, topics, history and an overview of the role economics plays in society.
Visit the Economics minor page 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.
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Faculty
Detroit Mercy's Department of 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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Career Options
The Economics major 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 the legal profession.
Program Contact Information
Department Chair: Raphael Shen, S.J., Ph.D.
Briggs Building, Room 315
McNichols Campus
Email: shenrs@udmercy.edu
Telephone: 313-993-1738
Fax: 313-993-1166