Department of Economics

Faculty of Arts and Social Sciences

Master of Social Sciences
(Applied Economics)

PhD Scholarship opportunities in August 2019
Goh Keng Swee PhD Scholarship in Economics
K R Chou PhD Scholarship in Economics
General Information
PhD Students
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Master of Social Sciences (Applied Economics)
Master of Social Sciences (Research)
Doctor of Philosophy (Economics)
EC6770 Graduate Research Seminar
Modules Offered
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This programme is designed for students who wish to advance their studies in how the economy works in a globalized environment. The programme which has an applied orientation requires students to undertake in addition to core theory courses, a variety of modules in various areas such as financial economics, economic development and policies, and international economics. All classes of the programme will be conducted in the evening.


Applicants should have a good NUS Honours degree (second class and above) or the international equivalent (e.g., a four-year Bachelors degree with at least an average grade of B or equivalent) in the subject or related field (e.g., finance, accounting, mathematics, statistics, physics, engineering, operations research); or a good Bachelors degree (at least an average grade of B or equivalent) in the subject or  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 Applied 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.




The maximum period for the completion of the Master of Social Sciences (Applied Economics) programme is 36 months of full-time study or 48 months of part-time study from the commencement of the programme. The maximum periods include the time allowed for approved study leave but may exclude periods of leave of absence subject to Faculty approval.

A full-time candidate must complete at least three modules in a semester and may complete up to a maximum of five modules in a semester. A part-time candidate must complete at least one module in a semester and may complete up to a maximum of three modules in a semester.
Of the ten modules, three will be core foundation modules that are required of all students. The students are free to choose the other seven elective modules to take.




 Module Code

Module Title

Core compulsory modules*






Quantitative and Computing Methods

Elective modules


Topics in Econometrics


Financial Econometrics


Industrial Organization


Project & Policy Evaluation


Open Economy Macroeconomics


Financial Markets & Portfolio Management


Corporate Finance


Derivative Securities


Financial Anomalies & Behavioral Finance


International Trade and Finance


International Trade


International Finance


Public Finance


Public Economics

ECA5337 Applied Financial Economics


Economic Growth and Development


The Singapore Economy


The Modern Chinese Economy



Economic Growth in East Asia

Auctions and Market Design

ECA5381 Urban Economics







Environmental Economics

Political Economy of Globalization

Topics in Applied Economics

Topics in Economic Policy

Topics in Applied Macroeconomics

Applied Behavioural Economics

Other university modules upon approval

Not all modules may be offered in any particular academic year. Module offerings will depend on student interest and staff availability.

* In lieu of these compulsory modules a candidate may opt to take EC5101 Microeconomic Theory, EC5102 Macroeconomic Theory, and EC5103 Econometric Modelling and Applications I from the Master of Social Sciences (by Research) Programme.


The assessment for each module will be based on a combination of examination and continuous assessment. An examination will be held at the end of each semester of study.

Where a module is required for the graduate candidature and the minimum grade is not met, a student may repeat:
- the same module (core or elective) only once. The improved grade point of the repeat/replaced module will replace the weaker one in the CAP computation in the semester in which the successful attempt is made; and
- one‐third of the curricular requirements not exceeding three modules, whichever is lower.

A Masters candidate’s Cumulative Average Point (CAP) should not fall below 2.50 for two consecutive semesters or 3.00 for three consecutive semesters.

A student will be issued a warning/probation for any semester in which his/her CAP falls below that required for graduation (3.00 for a Masters degree). If, in the following semester, the student’s CAP again falls below the graduation requirement, but not sufficiently to warrant immediate termination, he/she will be placed on probation.

Termination of candidature will result if a student fails to maintain the minimum CAP as stipulated.

A candidate must obtain a minimum CAP of 3.00 at the end of the course of study before he/she can be considered for the award of degree.


Six scholarships of $5,000 each will be awarded annually to students with the best academic performance in the core modules (i.e., ECA5101, ECA5102 and ECA5103).  No application is necessary.


The tuition fee for the AY2018-2019 intake is $38,500 (inclusive of GST) for the entire program for all students irrespective of nationality.  Other fees payable follow the prevailing rates set by the University (

Payment should be made in installments as scheduled below:
Full-time students
•  $4,000 upon acceptance of offer
•  $17,250 by 14 August 2018
•  $17,250 by 15 January 2019

Part-time students

•  $4,000 upon acceptance of offer
•  $11,500 by 14 August 2018
•  $11,500 by 15 January 2019
•  $11,500 by 13 August 2019

Students who wish to take additional modules or who need to repeat a module must pay $3,850 per module in AY2018-2019.

Mode of Payment

Application Fee:

Local/International applicants
1. Cheque/Bankdraft - Address payee as "National University of Singapore" and post it together with the application form.

2. NETS - Make payment at NUS Student Service Centre personally with payment form, and submit the proof of payment with the application form thereafter.

3. Online Payment by any of the methods (available only for online application)
- VISA, Mastercard or AMEX
- Debit Card (applicants must have an online banking account with either of the following banks - POSB/DBS, UOB or Citibank).

Tuition Fee and Other Fees:

- Payment can be made via GIRO for convenience.
- Other acceptable modes of payment include cheque, bank draft/cashier's order, credit card, internet banking.
- Penalty charges will be levied on late payments.



ImportantThe University has not engaged any external agencies to undertake graduate student recruitment on its behalf.  Candidates interested in our graduate programmes are advised to apply directly to the University and not through any agents.  Candidates who apply through agents will not have any added advantage in gaining admission and the University reserves the right to reject such applications without giving reasons.

Inaccurate or false information or omission of material information or no application fee payment will render your application invalid. The University reserves the right to reject applications that are incomplete or inaccurate.

Applications for admission are available online as well as via paper. You are advised to apply online.
Please note that even though an application is submitted online, relevant supporting documents must be sent via post. In order for you to be considered for a specific intake, your online application, payment and available supporting documents must all reach us by the relevant deadlines.

The application materials and online application system will be available here (link to FASS) during the application period (1 October to 15 January the following year). More information on the application procedures can be found here (link to FASS).

Application for the programme must be accompanied by an application fee of S$50.00 (inclusive of GST) which is not refundable.

The outcome of application will be made known by end May.