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 Áù¾ÅÉ«Ìà Core Curriculum requirements, the program consists of 33 credit hours in Economics with remainder credit hours in other academic disciplines.
The credit hours earned for the completion of the Bachelor of Arts with a major in Economics may not be counted toward the completion of either the Bachelor of Arts with a major in Financial Economics or for earning additional minors in Economics or Financial Economics.
Individuals interested in pursuing an advanced degree may want to consider the 5-Year Accelerated Bachelor's to Master's Program in Economics or the Accelerated 6-Year (3+3) Law Scholars Program where they can earn a bachelor's degree and a Juris Doctor law degree in six years.
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Degree Requirements - Bachelor of Arts with a major in Economics (120 credits)
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 120 total credit hours is required for the Bachelor of Arts with a major in Economics. 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)
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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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.
Program Contact Information
Raphael Shen, S.J., Ph.D.
Professor and Chair
Department of Economics
Briggs Building, Room 315
McNichols Campus
Email: shenrs@udmercy.edu
Telephone: 313-993-1738
Fax: 313-993-1166