Economics @ SSS@NTU

| Think analytically, apply rigorously, and make a difference in the world.

Economics at SSS@NTU: Equipping You for the Future

Economics is a versatile social science that explores resource creation, distribution, and consumption. It bridges the real world with academic theory, touching on vital areas such as banking, finance, globalization, and social issues like poverty, education, health, and the environment. Through this discipline, students learn to think logically and rigorously, gaining insights into contemporary economic problems and the tools to solve them.

In today’s dynamic job market, proficiency in quantitative and analytical skills is highly sought after. At SSS@NTU, we ensure that our students are not only well-versed in the theoretical foundations of Microeconomics, Macroeconomics, and Econometrics but also equipped with practical skills through the application of econometric techniques and quantitative methods. Our curriculum prioritizes hands-on learning, empowering students to apply their knowledge across economic, financial, and public policy domains.

Focusing on real-world applications, we help our students build their econometric and quantitative capabilities, ensuring they are well-prepared to navigate and thrive in the competitive job market. Whether in the public or private sectors, SSS@NTU graduates of Economics gain critical problem-solving skills that open doors to a broad range of rewarding careers.

The Direct Entry Options for Economics

Single Major :

 

Second Major :

 

Double Major :

The Double Major Programme is a four-year direct honours degree programme. Undergraduate students will read two majors chosen from among the disciplinary strengths of the four schools in the College of Humanities, Arts, and Social Sciences (HASS)—the School of Art, Design and Media (ADM), the School of Humanities (SoH), the School of Social Sciences (SSS), and the Wee Kim Wee School of Communication and Information (WKWSCI).

This degree programme features two distinct majors within an innovative new structure. The weightage of both majors is equal. Each major will represent approximately 42% of the overall degree, with the remaining 16% reserved for General Education courses. Students will be admitted into this Double Major degree programme at the point of entry to NTU, and declare their two majors at this point.

Double Major combinations (with Economics) offered at SSS:

For more information on and about Double Major combinations under HASS, head here. 

Double Major BSc (Hons) in Mathematical Sciences and Economics

Students can also opt for the integrated degree, BSc (Hons) in Mathematics, which is rather popular. This new integrated degree, aimed at students with strong quantitative aptitude and keen interest in Economics, is jointly offered by the Division of Mathematical Sciences of the School of Physical and Mathematical Sciences (SPMS) and the Economics programme of the School of Social Sciences (SSS). Students will learn how mathematics is applied to model economic decisions, make economic forecasts; in general, how mathematics is a powerful tool for modelling economic and financial market activities.

The training that graduates of this degree acquire - a combination of critical economic analysis and strong mathematical and computational skills - is highly valued by employers in the financial services industry, business as well as the public sector. The degree is also ideal for those who plan to pursue a Master's degree in financial engineering, professional or graduate programmes in finance, economics, actuarial science or other related fields.

For more information on this programme, head here. 

Second Major in Economics

Second Major in Economics

At NTU, our Economics majors will also have the oppportunity to pursue a Second Major programme. Qualified students may take a second major in another discipline offered within the School of Social Sciences (Psychology, Public Policy and Global Affairs, and Sociology) or the School of Humanities (Chinese, English, History, Linguistics & Multilingual Studies, and Philosophy); or a second major in Communication Studies offered by the School of Communications and Information.

Students with cGPA score of 4.0 and above will be invited to apply for the Second Major programme at the end of their first year of study.

Students who choose to pursue a Second Major in Economics are required to complete and pass 5 core courses and at least 6 prescribed electives.

​5 Compulsory Core Courses ​(applicable to AY2020 intake and before)
​Course Code ​Course Title AUs​
​HE5091 Principles of Economics​ (old course code HE9091) ​3
​MH1820 Introduction to Probability and Statistical Methods (replaced HE1004) ​3
​HE2001 Intermediate Microeconomics​ / Microeconomics II ​3
​HE2002 ​Intermediate Macroeconomics / Macroeconomics II ​3
​HE4010 Sing​apore Economy in a Globalised World ​4

 

5 Compulsory Core Courses (applicable to AY2021 intake and after)
Course Code Course Title AUs
HE1001 Microeconomics I 3
HE1002 Macroeconomics I 3
HE2001 Microeconomics II 3
HE2002 Macroeconomics II 3
MH1820 Introduction to Probability and Statistical Methods 3

 

​6 Prescribed Electives ​ ​
1 ​​4 Level-2000/3000 courses 12 AUs​
2 ​​2 Level-4000 courses 8 AUs

Students are to select ANY courses from this list to fulfill the prescribed electives requirement of the second major.

AY2020 intake and before (non-ICC curriculum)

​​​​​​​The 5 compulsory core courses must be read in NTU.

Students can clear a maximum of 2 Economics Electives during their exchange semester.

Students are not allowed to S/U the courses if they wish to fulfill the second major requirement.
 

AY2021 intake and after (ICC curriculum)

Up to 12 AUs of courses can be non-letter graded. (S/U grading or Pass/Fail grading)

A: 5 compulsory courses - must be read in NTU, but S/U option may be utilised.

B: 6 prescribed electives - can be read either in NTU or during exchange (S/U grading or Pass/Fail grading)

Total AUs utilised for non-letter grading (A+B) cannot exceed 12 AUs.

Minor in Economics

Minor in Economics

Economics is the study of choices. It explains how individuals, businesses, governments and societies make decisions in a world where resources are li​mited. The tools used in economic analysis will equip students with problem-solving skills. A Minor in this field will help students to think logically, rationally and rigorously. Students will have the opportunity to learn more about banking, finance, globalisation, employment, economic growth, and also about broader issues such as the environment, poverty and the Third World. In general, knowledge of economics is an indispensable tool for making sense of the intricacies of the modern world. It is an extremely useful minor in any undergraduate curriculum.

The Economics Minor is an excellent complement to the curriculum of students in economics-related majors such as Business and Accountancy. It is a valuable addition to the curriculum of an Engineering major planning a career in a managerial position or intending later to do an MBA. Similarly, economics provides highly relevant background knowledge for a student of Communication Studies who is hoping to go into journalism or to work for an international organisation. Because economics is a social science subject, majors in Sociology or Psychology will also find the Economics Minor helpful.

Eligibility ​Criteria
​1 ​The Minor in Economics programme is open to all students except NBS students in Applied Economics and students doing Economics-related Major programmes.
​2 ​All 5 courses that are needed to count towards Minor fulfillment must be registered as 'Unrestricted Electives' (UEs) or 'Broadening and Deepening Electives' (BDEs).​​

 

​Condition ​What to fulfill
​1 ​Attained at least 15 AUs registered under either UEs or BDEs to file for a Minor in Economics
​2 ​Read compulsory courses physically in NTU.
​Compulsory Core Courses​ 6 AUs​
​Course Code​ Course Title
HE5091/
AB0901
 ​​Principles of Economics (old course code HE9091)

NBS students who are exempted from AB0901/AB106 or who have taken AB0901/AB106 as a major core are required to replace the AUs with another Economics Electives. Other students who take HE5091 as a GER Elective are also required to replace the AUs with another Economics Electives.		 ​​3 AUs​
​​HE5092 ​Economic Theory (old course code HE9092)

Students are advised to take HE5092 first or co-register HE5092 with another Economics elective, but are advised not to take other Economics Electives, before reading HE5092.		 ​3 AUs

​Economics Electives ​ ​ 9 AUs

Students are to select ANY courses either from  this list (AY2020 intake and before) or this list (AY2021 intake and after) to fulfill minimum 15AUs.

Students are to check for course pre-requisites in considering their combination of Economics courses.
 

AY2020/21 intake and before

Students can clear a maximum of 1 Economics Elective during their exchange semester.

Students are not allowed to clear compulsory core courses for Minor fulfillment during their exchange semester.

You are not allowed to S/U the courses if you wish to fulfill the minor requirement.
 

AY2021/22 intake and after

Up to 6 AUs of courses can be non-letter graded (i.e. S/U grading option or Pass/Fail grading).

The 6 AUs can only consist of one compulsory course (HE5091 or HE5092) and one elective course.

To declare or file for minor

Double Degree in Engineering (BEng) and Economics (BSocSci)

Double Degree in Engineering (BEng) and Economics (BSocSci)

This five-year Double Degree programme with direct Honours is jointly offered by the College of Engineering (CoE) and the School of Social Sciences (SSS). It aims to equip students with an advanced understanding of the integrative relationship between engineering and economics. With knowledge and competency in engineering and economics, graduates will have a wide selection of career opportunities.

Students will graduate with a Bachelor in Engineering (BEng) and a Bachelor of Social Sciences (BSocSci) in Economics.

The Double Degree programme in Engineering and Economics are applicable to the following Engineering disciplines:

  • Aerospace Engineering
  • Bioengineering
  • Chemical & Biomolecular Engineering
  • Civil Engineering
  • Computer Engineering
  • Computer Science
  • Electrical & Electronic Engineering
  • Environmental Engineering
  • Information Engineering & Media
  • Materials Engineering
  • Mechanical Engineering

For a curriculum overview, please click here.

To find out more about the Economics Programme

Click here