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Financial Economics, M.A.

  • Application Deadline
  • 12 months


The program also provides a deeper knowledge and understanding of the history, institutions and evolution of the world’s financial interactions. As a liberal arts degree, the program also addresses moral and ethical issues relevant to the forces at play in the financial markets and the globalization process.

Upon completion of the graduate degree in Financial Economics, the degree candidate is expected to be knowledgeable in:

  • how the principles of financial economics are invariably knitted into the fabrics of the development of financial institutions, industry and government.
  • international finance and its relationship to the U.S. economy.
  • a variety of economic models as well as the moral and ethical implications of economic decisions and options.
  • the U.S. system of money, banking, capital markets and other business-decisions related institutions.
  • investments and U.S. government policy and financial systems.
  • the relationship between the public and private sectors.

Programme Structure

Courses include:
  • Economic Analysis of Enterprises 
  • Analysis of Economic Conditions 
  • Quantitative Foundations of Economic Analysis 
  • Financial Economics 
  • Money and Capital Markets 
  • Practical Issues in Financial Economics 
  • International Monetary Analysis 
  • Seminar in Monetary and Fiscal Policy 
  • Economic Policy 
  • Economic Ideas in Perspective 
  • Comparative Economic Systems 
  • Economics of the Public Sector 
  • Theory of International Trade 
  • Economic Development 
  • Introduction to Econometrics 
  • Advanced Money and Capital Markets 
  • Individual Readings and Research 

                                    Detailed Programme Facts

                                    • Programme intensity Full-time
                                      • Full-time duration 12 months
                                    • Languages
                                      • English
                                    • Delivery mode
                                      On Campus

                                    English Language Requirements

                                    You only need to take one of these language tests:

                                    • Minimum required score:


                                      The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

                                      Schedule TOEFL®
                                    • Minimum required score:


                                      The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

                                      Schedule TOEFL®
                                    • Minimum required score:


                                      The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

                                      Schedule IELTS

                                    Academic Requirements

                                    You need the following GPA score:

                                    Required score: 3

                                    Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 3 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

                                    Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

                                    Prerequisites and Admission Requirements
                                    In order to be admitted to the Master of Arts in Financial Economics program, an applicant must meet entrance requirements of Detroit Mercy. The applicant must also have completed a baccalaureate or advanced degree from a regionally accredited college or university with a minimum cumulative GPA of 3.0 or better. In certain cases, additional prerequisites may be required.

                                    Tuition Fee

                                    • International

                                      1579 USD/credit
                                      Tuition Fee
                                      Based on the original amount of 1579 USD per credit and a duration of 12 months.
                                    • National

                                      1579 USD/credit
                                      Tuition Fee
                                      Based on the original amount of 1579 USD per credit and a duration of 12 months.
                                    We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

                                    Living costs for Highland Park

                                    • 1000 - 1500 USD/month
                                      Living Costs

                                    The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


                                    Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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