The Department of Economics offers a Master of Economics coursework programme with two tracks: a Career-Oriented Track (Applied Economics) and an Academic-Focused Track (Quantitative Economics). Applicants should declare their preferred track at the time of application, and also indicate whether they are willing to be considered for the other track. After students complete the first semester of their preferred track, students can apply for a transfer between the two tracks if they meet the requirements of the track which they wish to be transferred to. The Master of Economics Committee will consider their applications based on the students’ academic performance.
Career-Oriented Track: Applied Economics
This track is for individuals who wish to become professional economists or economic consultants, or who wish to work for government agencies. It is designed for students who wish to apply economics to a wide range of challenging situations facing firms, policymakers, and other stakeholders.
Academic-Focused Track: Quantitative Economics
This track is for students who wish to acquire more profound knowledge of advanced economic theory and analytical and quantitative methods. It prepares students for doctoral studies in economics and careers that require more rigorous training in advanced economic theory and analytical and quantitative skills.
Applicants should have an NUS Honours degree of second class and above or the international equivalent (e.g., a four-year Bachelor’s degree with at least an average grade of B or equivalent) in Economics or a related field (e.g., finance, accounting, mathematics, statistics, physics, engineering, operations research); or a Bachelor’s degree with at least an average grade of B or equivalent in Economics or a related field and successful completion of a placement test which is in the form of an oral interview to be conducted by at least three members of the Master of Economics Committee.
Applicants whose native tongue and medium of university instruction is not English should submit the Test of English as a Foreign Language (TOEFL) or International English Language Testing System (IELTS) as evidence of their proficiency in the English language.
The following minimum TOEFL score is required:
- 85 for the internet-based test (with a minimum score of 22 for the writing section); or
- 580 for the paper-based test; or
- 237 for the computer-based test.
Alternatively, an IELTS result of 6.0 is required.