Financial Economics (BA)

Description

The Bachelor of Arts with a major in Financial Economics focuses on the academic study of economics as it applies to the realm of financial institutions and markets with a strong foundation in the theory and application of financial economic principles. Within the context of a liberal arts education, the program provides the fundamental knowledge and understanding of the principles, theories, history and institutions of an economy and the dynamics of domestic international financial developments. The program also prepares the students to think critically and to evaluate the moral and ethical issues that the students would encounter in the realm of financial markets.

The program curriculum focuses on:

  • The functioning of financial instruments within financial institutions, industry and government;
  • International finance and how it relates to the U.S. economy;
  • Basic economic models and financial theories; and
  • Application of basic moral and ethical principles in the analysis of economic systems and financial issues.

The program consists of 30 credit hours. The requirements include basic foundation courses in microeconomics and macroeconomics, research skill courses and courses specifically focused on financial economics.

The credit hours earned for the completion of the B.A. with a major in Financial Economics may not be counted toward the completion of either the B.A. with a major in Economics or for earning additional minors in economics or financial economics.

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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 Mathematics For Economists (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 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)

    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 degree from Macomb Community College (MCC), equivalent MCC