The MSc in Economics, with tracks in Applied Economics, Econometrics, and Quantitative Economics, is a programme offering in-depth study of economics and economic data analysis. It features a strong core programme that includes an entry path for students without prior training in economics, a track system that allows you to opt for a more practice-oriented, more data-analytic, or a more theoretical focus, and an open category that allows you to take modules outside your track, or from our MSc in Financial Economics programme, so you can create a fulfilling programme suited to your needs.
The MSc in Economics is available for part-time or full-time study. The Applied Economics track is available for full-time study over one-year, or part-time study over two years. Classes for the Applied Economics are held in the evenings or on Saturday morning. The Econometrics and Quantitative Economics tracks are primarily for full-time study over one year, although it is also available for part-time study by students who are able to attend weekday daytime classes. Please note that part-time study is available only to Singapore-based students (citizens, permanent residents, and those holding valid employment passes).
We seek students with a keen sense of purpose and curiosity about economics. While the programme offers those with economics undergraduate degrees an opportunity for in-depth study in economics, the programme is also suitable for those without prior economics training. Previous training in economics is not required. An Applied Economics track student could be a working professional who makes or will be making critical and strategic decisions in his/her company or public sector agency, who could benefit tremendously from a good understanding of the market and the economy. An Econometrics track student could be someone who wishes to learn more about data analysis with a special focus on economic, financial and social data. A Quantitative Economics track student might be someone with a strong technical background who wishes to prepare themselves for PhD level study in economics.
Applied Economics Track
Comprehensive understanding of global economic issues for strategic decision making in the public sector and corporate world. With an emphasis on applications, the AET will give you the content knowledge and familiarity with economics frameworks and methods needed for analysing the events and complex issues we constantly confront.
Econometrics Track
Mastering econometric tools for collecting and analysing economic social and financial data, informed by well-founded insights from economic theory and practice. Focusing on modern and rigorous data analysis methods, this track covers regression analysis, time-series and forecasting methods, panel-data models, visualisation techniques for big data and more.
Quantitative Economics Track
Firm theoretical grounding for frontline economic research. This track provides training that is comparable to the first year programme of top PhD programmes around the world. You will develop the technical skills necessary for accessing the most up-to-date economics research or for further studies in economics. It is your most direct pathway into our PhD in Economics programme.
Good Bachelor's degree
- Applied Economics Track - Not necessarily in Economics
- Econometrics Track, Quantitative Economics Track - Economics, related fields (finance, business, ...) or technical fields (statistics, mathematics, engineering, ...)
Good score in GMAT/GRE/SMU Admissions Test*
- Quantitative Economics Track - A very good score in the quantitative section will be expected.
For GMAT, we are looking for scores 600 or above. For GRE, the verbal plus quantitative average should be 155 or above.
The GRE/GMAT is strongly recommended. However, if you have not taken the GRE or GMAT tests, you may wish to consider taking the SMU Admissions Test. It is an online test comprising three components: verbal, numerical, and inductive reasoning. Completing the three components will take approximately 1.5 hours.
Good TOEFL or IELTS (required if your first degree was not taught in English). For TOEFL and IELTS, your score should be 90 / 6.5 or above.