Master Of Social Sciences – Applied Economics

Master Of Social Sciences – Applied Economics


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.

Admission Requirements

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.

Course Structure

 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


Economic Growth and Development


The Singapore Economy


The Modern Chinese Economy



Economic Growth in East Asia

Auctions and Market Design







Urban 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 tuition fee for the AY2016-2017 intake is $35,500 (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
•  $2,000 upon acceptance of offer
•  $16,750 by 12 August 2016
•  $16,750 by 13 January 2017

Part-time students
•  $2,000 upon acceptance of offer
•  $11,200 by 12 August 2016
•  $11,200 by 13 January 2017
•  $11,100 by 11 August 2017

Students who wish to take additional modules or who need to repeat a module must pay $3,550 per module in AY2016-2017.

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.

Important:  The 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 must be accompanied by an application fee which is not refundable. Application fee for each ONLINE application is at S$20.00 (inclusive of GST). Application fee for each PAPER-BASED application is at S$40.00 (inclusive of GST).

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

Department of Economics
Faculty of Arts and Social Sciences
National University of Singapore
AS2 #06-02, 1 Arts Link, Singapore 117570
Fax : (65) 6 775 2646

General Office hours
Mon to Thu: 8:30 am to 6 pm
Fri: 8:30 am to 5:30 pm
closed from 1 to 2 pm for lunch

Graduate Related Matters

Research Enquiries 6516 1304
Masters Enquiries 6516 6013
General Enquiries 6516 4878

Undergraduate Related Matters

Level 1000 - 2000   6516 3950 
Level 3000 - 4000   6516 3958
Double Degree 6516 3956
Major 6516 3956
General Enquiries

6516 6027 / 5616 3956


Academic Matters (Non-student related)

Other Matters 6516 3941 
6516 3955