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Graduate Catalog 2018-2019
Financial Economics (MAF)
Description
Master of Arts in Financial Economics
The Master of Arts in Financial Economics focuses on the study of economic theories and financial principles pertaining/relevant to the workings of the U.S. and international financial institutions and systems. 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 coursework in this program, 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; and
- the relationship between the public and private sectors.
Career Options
Careers in the financial economics area have become increasingly sophisticated in both the private and public sectors and government institutions. A Master of Arts in Financial Economics prepares a student to meet the more demanding career challenges in the increasingly complex financial institutions of a global economy comprising of central banks and agencies, commercial and investment banks and research organizations. The degree also provides preparation for careers in law, government, business, and finance as well as a well-rounded foundation for doctoral studies in economics and financial economics.
Given the ever-evolving needs of financial institutions with complex products and processes, there is a growing job market in the field of financial economics. According to the U.S. Department of Labor’s Bureau of Labor Statistics, "employment of financial analysts is projected to grow 11 percent from 2016 to 2026, faster than the average for all occupations. A growing range of financial products and the need for in-depth knowledge of geographic regions are expected to lead to strong employment growth."
Course Delivery
To provide greater convenience and flexibility, courses will be available in different delivery options:
- traditional day and evening in-classroom format at the McNichols Campus
- evening classes at Macomb University Center (UC)
- completely online program**
Note: Students who take cou