Master of Science in Applied Economics

Master of Science in Applied Economics
The MSc (Applied Economics) programme aims to provide rigorous post-graduate training in Applied Economics that would be useful in both the private and public sectors, and in all facets of economic research activities. Our curriculum is unique for its focus on producing quantitative-oriented researchers and analysts with strong theoretical insights.

Specifically, this NTU programme specializes in equipping students with the necessary skills to excel in economic policy analysis by utilizing techniques such as econometrics, financial applied econometrics, cost-benefit analysis, project evaluation, and financial modelling, etc. Such skills are very useful for economic analysis of social policy, investment and portfolio management. Employment opportunities for graduates with these skills include public service, investment banks, broking houses and consultancies.​
Candidates should have a good honours degree in economics. Candidates who do not have a degree in Economics will be considered provided they have a good honours degree in other disciplines and a strong quantitative background. However, such candidates will be required to read a preparatory course in Economics and mathematics at the start of the programme. The fee for each preparatory is Singapore $100. In the admission letter, the candidate will be informed whether the preparatory course is required.

Relevant working experience will be considered an advantage.

A good TOEFL (Test of English as a Foreign Language) or IELTS (International English Language Testing Service) score is required if degree is not from an English speaking country.

Minimum Test Score TOEFL
  • • Internet based 85
  • • IELTS score of 6.5
Please note that candidates with acceptable GRE scores will be viewed favourably for admission.​​
The programme requires every candidate to earn a total of 30 academic units (AUs) in order to graduate. Candidates can choose to earn 27 AUs from coursework and 3 AUs from an Applied Research Project (ARP), or earn all 30 AUs from coursework. The AUs from coursework will be earned from reading a combination of half and full courses. A full course carries 3 academic units (AUs), while a half course carries 1.5 AUs. Hence, a candidate must complete 9 full courses, which can be done within three trimesters, and complete the Applied Research Project in order to graduate.

Typically, a candidate will read three full courses per trimester. Candidates who choose not to do an Applied Research Project are required to read one extra full course either in Trimester 2 or Trimester 3.​

The courses offered will depend on the availability of faculty, and wherever possible we will take into account the interests of students. Generally, a candidate is expected to read the following courses:

​​Core - Compulsory​
  • ​​• AE6207 - Quantitative Methods
  • • ​AE6101 - Advanced Micro Economics
  • • AE6102 - Advanced Macro Economics
  • • AE6103 - Applied Econometrics
  • • AE6312 - Economic Growth & Development
  • • ​​​AE6201 - Macroeconometric Modelling and Forecasting
  • • AE6304 - Cost-Benefit Analysis
  • • AE8204 - Behavioural Economics
The Applied Research Project can be completed either individually or by a group of two students.

Candidates who wish to apply for a waiver of any core course can substitute the core course with an elective course, subject to the approval of the Chair. Only one substitution of a core course with an elective is permitted. The request for waiver or credit transfer/exemption will only be considered at the point of admission.​

Online Application Date

The Msc Applied Economics programme will commence the next full time intake in Jul 2019. Online application will open from 1 Nov 2018 and closes on Feb 2019. (Closing Date: 8 Mar 2019 for submission of supporting documents).

(The next full time intake for will commence in Nov 2019. Online application period will be from Mar -Jun 2019)​

For application please apply on line:$adm_main.notice and send all your documentation to:

Nanyang Technological University​
MSc Applied Economics Programme
14 Nanyang Drive, HSS-06-18A
Singapore 637332
(Attn: Mr Lim Tan San
Telephone number: 6592 2433)

Incomplete documentation will not be processed.

  1. ​1. For information on supporting documents, please refer to:

  2. 2. If you are enquirying about the status of your application, please refer to:$adm_inquiry.main​

For enquiry, please email to:

If you have problems with the application process or with your email, please email servicedesk: ​
The intakes are as follows:
​Intake​​ Online Application Date​​ ​Remark​
​​Jun/Jul Nov - Feb ​​Full-time
​​Oct/Nov Mar - Jun ​Full-time​
Trimester Calendar (Subjected to changes):
​​​Trimester ​Month
​1​​ ​​Jun - Oct
​2 ​​Oct - Jan
3​ ​Jan - Jun

Tuition Fees

The tuition fee for Singapore & SPR candidates is $24,000 (Revised fee only applicable from 2018 onwards) and international candidates is $28,000 (Revised fee only applicable from 2018 onwards) for three trimesters. Successful applicants are required to pay an enrollment fee of $500 upon registration. This enrollment fee can be used to offset the first trimester’s tuition fee.

All candidates must complete their coursework and applied research project requirements by the third trimester. If a candidate cannot graduate by the third trimester, he or she is required to pay $2,400 (for Singaporean/SPR), $2,800 (for international candidates) per course per trimester and $2,100 for the Applied Research Project per trimester for the fourth trimester and beyond.

Tuition fees will be collected on a trimester basis. Specifically, the tuition fee is $8,000 (for Singaporean/SPR) and $9,333.33 (for international candidates) per trimester per candidate.

​Beside the ​programme fee, there are miscellaneous and insurance fee payable:​​​

Programme / Miscellaneous Fees (SUBJECTED TO CHANGES) 
​​Amount (SGD$)​​ ​
​​ ​​Singaporean / SPR ​International
​​Tuition Fee ​24,000​ (Revised fee only applicable from 2018 onwards) ​​28,000 (Revised fee only applicable from 2018 onwards)
​Exam Fee​ ​​160.50 ​​160.50​
​Registration Fee 64.20 64.20
​​IT Facilities Fee 18.19 18.19
​​Smart Card ​​10.70 ​​10.70
​Amenities​ Fee ​38.50 ​38.50
​Sports Fee ​57.70​ ​​​57.70
​​Copyright Fee ​13​.00 ​13​.00
​Student Health Service Fee (Medical Scheme)
  • Compulsory for all students (Local, SPR, international student)
​72.90 (Subjected to Changes) ​72.90 (Subjected to Changes)
​Group Personal Accident Insurance Scheme (GPAI)
  • Optional for all students
(inclusive of GST)
(Subjected to Changes)
(inclusive of GST)
(Subjected to Changes)
Group Hospitalisation & Surgical Insurance (GHSI)
  • Compulsory for International students and SPR
  • Optional for local students
(Su​bjected to Changes)​
(Subjected to Changes)​
​Total ​24,579.69 ​28,579.69

Coursework Assessment and Examinations

​Continuous assessments (CA) will account for not more than 40% for each course. In other words, the final exam will account for not less than 60% of the final grade. CAs may be carried out in different forms including class presentations, assignments, essays, quizzes, mid-term test, etc., depending on each instructor’s work plan. All candidates will be examined in every course. The examination will be conducted towards the end of each trimester.

Applied Research Project (3 AUs)

Candidates are expected to find a topic and supervisor by the end of the first trimester, begin work on the Applied Research Project in the second semester and complete the Applied Research Project by the end of the third trimester. An Applied Research Project can be completed either as an individual project or by a group of two students. In the case of the latter, the grade for each team member may differ depending on the supervisor’s assessment of individual effort in the Applied Research Project.
The Applied Research Project will be assessed based on the project but the marking scheme will take into account continuous improvement and contribution to knowledge. All candidates have the option of replacing the ARP with one full course or two half courses. Candidates who choose not to do the ARP are allowed to take four full courses for one of the three trimesters or take 3 full courses and one half course in any two trimesters so that they can graduate within a year.​
Applied Economics Office
​​Mr LIM Tan San
Programme Manager
Master of Science in Applied Economics
​​Miss Regina NG
Administrative Assistant
Master of Science in Applied Economics
Mailing address:
Nanyang Technological University​
MSc Applied Economics Programme
14 Nanyang Drive, HSS-06-18A
Singapore 637332