Master of Arts in Economics

The Master of Arts in Economics program at the University of Detroit Mercy stands as a beacon of excellence in the field of economics. This premier program is designed for individuals who aspire to delve deep into economic theories, analytical methodologies, and practical applications. Throughout the course, students will engage in a rigorous curriculum that encompasses a wide array of economic concepts, allowing them to develop the skills necessary for both academic and industry success. The program’s comprehensive approach not only prepares graduates for high-demand roles in various sectors but also equips them with the ability to conduct meaningful research and contribute to the body of economic knowledge.

The curriculum for the Master of Arts in Economics is thoughtfully crafted to cover an extensive range of topics including microeconomics, macroeconomics, econometrics, and international economics. Students will explore quantitative methods, economic modeling, and contemporary policy issues, providing them with a robust analytical toolkit. Courses such as Advanced Microeconomic Theory, Econometrics, and Public Economics are among the highlights that shape this dynamic learning experience. Additionally, students can choose elective courses that align with their interests, such as Behavioral Economics and Environmental Economics, allowing for personalized educational pathways.

The faculty at the University of Detroit Mercy consists of highly qualified professionals and seasoned economists who are dedicated to providing an enriching educational experience. The professors bring a wealth of knowledge and real-world experience into the classroom, fostering an interactive learning environment that encourages critical thinking and dialogue. Their commitment to student success is evident through their mentorship, where students can engage in research projects and gain invaluable insights into the practical applications of economic theories. The faculty's active involvement in ongoing research also creates opportunities for students to collaborate on innovative projects, further enhancing their academic journey.

Research opportunities are abundant in the Master of Arts in Economics program. The university provides students with access to extensive resources, including state-of-the-art laboratories and research centers equipped with the latest technology. Students are encouraged to pursue their research interests under the guidance of faculty, which not only enhances their learning but also contributes to their professional development. This hands-on research experience is crucial for those aspiring to pursue Ph.D. programs or to work in research-intensive roles within organizations.

The program also boasts robust industry connections that facilitate internship opportunities and job placements. The University of Detroit Mercy has established partnerships with various organizations and companies, allowing students to gain practical experience through internships that are often integrated into the curriculum. This exposure to the industry enriches students’ understanding of economic principles in real-world applications and significantly enhances their employability. Graduates of the program are highly sought after in diverse sectors including finance, government, academia, and non-profit organizations.

Career pathways for graduates of the Master of Arts in Economics are diverse and expansive. Alumni have successfully secured positions as Financial Analysts, Policy Analysts, Market Research Analysts, and Data Scientists, among others. The average base salary for graduates hovers around $55,000, with many graduates advancing quickly in their careers. Notably, the program’s alumni network is a testament to the successful career trajectories of its graduates, providing current students with valuable connections and insights into various fields.

The University of Detroit Mercy also prides itself on its commitment to student diversity and inclusion. With an international student population comprising approximately 15%, the university fosters a rich multicultural environment where students from various backgrounds come together to learn and grow. This diversity enhances classroom discussions and broadens perspectives, preparing students to work in a global economy.

In summary, the Master of Arts in Economics at the University of Detroit Mercy offers a comprehensive, engaging, and supportive educational experience for those looking to advance their knowledge and career in economics. Through its well-rounded curriculum, experienced faculty, extensive research opportunities, and strong industry ties, the program is uniquely positioned to help students achieve their professional goals and make a meaningful impact in the economic landscape.

Why Study Economics at University of Detroit Mercy

• A popular choice for international students, fostering a diverse community that enhances learning through varied perspectives.
• Learn from a distinguished faculty composed of expert economists who encourage intellectual curiosity and research collaboration.
• Access to high-end labs dedicated to economic research, equipping students with practical skills and technical knowledge.
• Excellent placement programs and internship opportunities that connect students with leading organizations and enhance career readiness.
• A strong alumni network that provides mentorship and career support, helping graduates navigate their professional journeys.
• Comprehensive curriculum that not only covers theoretical aspects but also emphasizes practical applications in today's economy.

Admission to the Master of Arts in Economics requires a completed application form, which includes a transcript, a resume, and an academic letter of recommendation. International students must also demonstrate proficiency in English through standardized tests such as IELTS or TOEFL, with minimum scores of 6.5 and 80, respectively. This ensures that all students are well-prepared to engage with the complex material covered in the program.