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Undergraduate Catalog 2017-2018



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, and prepares the student 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 Áù¾ÅÉ«Ìà Core Curriculum requirement, the program consists of 33 credit hours in Economics with the remainder B.A. 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 B.A. with a major in Economics may not be counted toward the completion of either the B.A. with a major in Financial Economics or for earning additional minors in economics or financial economics.

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 B.A. 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 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)
  • STA 2250 Statistics (3 credits)

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

Admission Requirements

Applicants must meet Áù¾ÅÉ«Ìà entrance requirements. Transfer students must have a minimum undergraduate GPA of 2.0 to be considered for possible admission.

Economics Minor

The Economics Minor requires 18 credits, including:

Required Economics courses 15 credits:

  • ECN 2950 Microeconomic Principles (3 credits)
  • ECN 2960 Macroeconomic Principles (3 credits)
  • ECN 3150 Intermediate Microeconomics (3 credits)
  • ECN 3160 Intermediate Macroeconomics (3 credits)
  • ECN 4355 Comparative Economic Systems (3 credits)

Possible Electives—Choose one from the following (3 credits):

  • ECN 3480 Business Forecasting (3 credits)
  • ECN 4305 History of Economic Thought (3 credits)
  • ECN 4400 Economics of The Public Sector (3 credits)
  • ECN 4650 Economics of International Trade (3 credits)
  • ECN 4705 Economic Development (3 credits)
  • ECN 4990 Senior Seminar (3 credits)

Note: 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.

Please contact Bruce Brorby at brorbybm@udmercy.edu for more information.

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.

Career Options

The Economics major degree 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 in 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