Master of Science in Managerial Economics (English)

Master (Coursework)

Programme Type

Full-time, Part-time

Master of Science (Managerial Economics)

Applications for January 2022 Intake opens from 15 August to 15 October 2021.

The Master of Science (Managerial Economics) seeks to groom leaders with an acumen in strategic thinking and managerial decision making in the context of business, government and society. The programme integrates economic theory with management practice to meet public and private sector challenges. 

The interdisciplinary nature of this programme brings about a focus on applying economic theory to sharpen policy design. Spanning flourishing ambits that include finance, technology, data, research and professional development skills, the programme is delivered through an immersive learning experience with class discussions, symposiums, as well as group projects, in addition to lectures and seminars.  

Unique Economics Masters Programme  

  • Apply economic theories and build managerial skills to steer your organisation through this volatile global landscape.
  • Develop advanced knowledge and skills to support decision-making and forward planning.  
Multidisciplinary Faculty with Extensive Experience  
  • Benefit from a holistic learning experience with a rigorous and focused curriculum coupled with multidisciplinary faculty.  
  • Glean insights from practitioners with exceptional managerial experience, including current and former politicians, senior Singapore government officials, and experts across various sectors and domains.  
An Illustrious Alumni Body  
  • Join an extensive global network of close to NCPA alumni who hold decision-making positions at all levels of government in their countries, including roles such as ministerial-level leaders, mayors and heads of organisations. 

Applicants should possess:

  • A bachelor’s degree in good standing from an accredited university or college is required for all applicants. 
  • Possess such other qualifications as the Academic Board may approve. 
  • For students from universities where English is not the medium of instruction, a good IELTS/TOEFL test score is required. The minimum test score is as follows: 

Type Of Test 

Minimum Test Score 


Score of 6.5 
Min 5.5 for each skill module 



Paper-based: 580 
Computer-based: 230 
Internet-based: 88-89 


The following online test scores are acceptable in view of Covid-19 pandemic. These test scores will also be applicable for AY2022 admissions.

  1. TOEFL iBT Special Home Edition
  2. TOEFL ITP Plus for China students
  3. IELTS Indicator

Note: Existing final year undergraduate students may apply for admission with a softcopy of their provisional degree certificate and/or yearly examination results to date. Original degree certificate and academic transcripts/complete yearly results must be provided for verification at the point of matriculation. 

Tuition Fees 

The tuition fee for each local/international student is S$32,000 (inclusive of GST). This fee excludes miscellaneous fees (health check-up, entry visa, student's pass, accommodation, meals, overseas immersion, etc.). 

Every year, fees are reviewed and subject to revisions. As and when fees are revised, the new fees will be applicable to new students. All fees listed are in Singapore dollars (S$) and are inclusive of Goods and Services Tax (GST). 

Fee Payment Schedule  
The tuition fee is payable on an instalment basis. The payment schedule (both full-time and part-time) are as follows: 


1st Semester 

2nd Semester 

3rd Semester 









Miscellaneous fees are  applicable to  both local and international students. Please click  here  for the updated fees. 

Application Deadline 

The programme offers two intakes each year. 

Check the updates above for the exact application dates.


Submitting your application 

Download the Application Guide

Step 1:   

Applications are to be submitted online.  Any other forms of submission will not be accepted. 

Step 2: 

Email your completed online application form with supporting documents to
Please use the application guide to ensure that you have emailed all the required supporting documents. 


Only complete applications will be processed for assessment. An application is deemed complete only if the following are met: 

  • completion of online application form
  • payment of application fee
  • email submission of all supporting documents. 

Some shortlisted candidates may be interviewed by the Admissions Committee to gauge their suitability for the programme. 

MME-E programme admits both full-time and part-time students with a period of candidature between 1 and 4 years. 

Period of Study 

Full-time — 2 semesters (1 year), maximum 4 Semesters. 
Part-time — 4 semesters (2 years), maximum 8 Semesters. 

There are 2 semesters in an academic year with 13 teaching weeks per semester. 

Students need to complete 10 courses, comprising 2 core courses and 8 electives, to graduate. Students who fulfil academic requirements can take on a capstone paper in lieu of 2 full electives. 

10 courses  2 Core Courses
8 Elective Courses 

8 courses with capstone2 Core Courses  
6 Elective Courses 
Capstone Paper 

Each course counts as 3 Academic Units (AUs), with the Capstone paper as 6 AUs. A total of 30 AUs is required for graduation. 


All students are required to complete 2 core courses. For the elective courses, students will need to select 8 electives or 6 electives if they are opting for the capstone paper.  


To benefit further from NTU's outstanding faculty and resources, students will also have the option to select up to 2 relevant courses from NTU's other graduate programmes as electives to fulfil their course requirement. These courses, however, must be approved by both the Director of NCPA and the NTU School or division concerned.  
ME6001 Managerial Economics: Theory & Applications 
Managerial Economics is an introductory to intermediate microeconomic course specially designed for master students in managerial economics. The main purpose of this course is to enable students to understand and master the science of optimal allocation of scarce resources. This is the foundation of informed decision-making in the management of a business or other organization. This is also the foundation for learning all the other economics courses.

ME6002 Macroeconomics: Theory & Applications 
This course will equip you with the skills to understand the following issues: (1) Why USA can print money without suffering from inflation and currency devaluation. (2) Why a small economy like Singapore can maintain low inflation and strong currency. (3) Due to change in economic conditions, you can predict what fiscal policy the government will undertake and what monetary policy the central bank will pursue. The analytical framework is simple without mathematics.


ME6101 Behavioural Policy Analysis 
Behavioural Economics studies how psychological limitations influence economic decision-makings. Those who design and implement public policy can make use of Behavioural Economics to achieve the stated objectives in public policy effectively.

ME6102 Data Science for Economists
Applied Economic Research focuses on creating quantitative studies that are used in both private and public sector organisations. This course comprises of two parts: (1) The theoretical segment of the class focuses on how to properly frame an economic research question. (2) The applied segment of the class aims to explain the basics of survey design, going down to the ground to collect information, processing and cleaning up raw data, analysing the data and writing up a formal research paper.

ME6103 Wealth Management & Fintech
This course introduces contemporary issues in the financial market.  It covers the history and new global asset allocation strategies.  It discusses the cutting-edge knowledge and concepts in dealing with the emerging financial technologies (FinTech). The course offers frameworks and analyses for the current technology landscape across inclusive financial and insurance sectors, as well as emerging technologies, such as AI, Blockchain, Cloud & Cyber Security, Data Analytics, Environmental-friendly Technology, Financial Inclusion, 5G, and Quantum Computing (ABCDEFGQ).  LASIC principle, Hinternet, 3Cs, 3Hs, 6Ds, 7Ws and other new concepts will be presented.  By the end of the course, students will be able to upgrade their technology literacy, articulate and apply these new concepts of emerging disruptive technologies, use new approaches to evaluate inclusive FinTech projects, and develop critical thinking and perspectives, for instance, accelerators management, blockchain implementation and Initial Token Offerings, connecting digital asset allocation in FinTech with portfolio management, angel fund, PE/VC investment in a trustless world.

ME6104 Risk Management for Financial Institutes
This course will provide students with a comprehensive understanding of financial risk and its management in financial institutions. It aims to develop a critical awareness of the theoretical and practical problems associated with financial risk, as well as the risk analysis and risk management techniques that can be applied to minimise these risks.

ME6105 Data Analytics
This course introduces students the world of data analysis, and provides an overview of machine learning, data mining and statistic techniques that arise in real data analytic applications. Topics covered in the course include theories and applications about the classification methods, clustering analysis, logistic regression model, discriminant analysis, artificial neural network, support vector machine and model evaluation methods.

ME6106 Financial and Risk Analytics
This course provides the foundations of relevant fields of risk management such as market risk and credit risk. You will gain a deep understanding of how financial products and their evaluation models work. Those studying for the FRM (Financial Risk Manager) exam will find the course useful.

ME6107 Efficiency in Energy Market
The energy market featured a unique mix of regulation and market driven incentives is undergoing a fundamental change from being centralized and carbon intensive to decentralized and low carbon so as to achieve the goals initiated by the Paris Agreement. Drawing on the tools of economics, we will study the economic, industrial, and public policy issues that recent changes have raised in energy markets.

ME6108 Time Series Analysis and Forecasting
The course is mainly about time series models. It covers regression models, stationary ARIMAs models, non-stationary models, seasonal ARIMA models, as well as GARCH models.  The course will also present case studies to students on real-world applications.

ME6201 Strategy-Innovation-Entrepreneurship for Trisector Managers
This course is an applied practicum on strategy-innovation in trisector contexts. It will focus on the Singapore context with an applied entrepreneurial element to strategise, innovate and advocate like a ‘ideas entrepreneur’ to trisector problems. Students will be socialised to strategy and innovation frameworks, tools used by academics and practitioners. They will gain an appreciation of Singapore’s international context and constraints, governance model, and a landscape view of various sectors (government, corporate and non-profit). Next, they will apply strategy-innovation skills to trisector context and trisector problems of their choice. Through various exercises, they will hone their advocacy skills as an ideas entrepreneur. This course develops the student to be a strategy and innovation trained managers in trisector organisations who is able to analyse key problems, identify the crux of problem, innovate on solutions and articulate in a concise manner that is consumable for decisionmakers. 

ME6202 China and the International Political Economy
This course examines the rise of China and the changing international political economy over the past four decades, which have witnessed substantial transformations in globalization and technological innovation. It focuses on three inter-connected contexts: 1) the rising China and its domestic and diplomatic policy dimensions; 2) the implications of a rising China for the Asian regional order, including the China model of development and its latest efforts in the establishment the “Belt and Road” strategy; 3) the impact of global governance and international political economy (IPE) on China, and vice verse. This course intends to introduce a series of theoretical concepts and methodological devices in the IPE in the attempt to grasp with these changing processes and their implications for policies and social sciences.

ME6203 The Psychology of Design Thinking
Psychology plays an important role in design thinking, a problem-solving methodology that aims to generate innovative solutions to address human needs. This course will teach students how to create human-centered products and services based on core characteristics of human psychology. Topics include psychological characteristics, interaction models, task analysis, contextual inquiry, service design, and emotional design.

ME6204 Blockchain System and Revolution 
This course starts by discussing what blockchain is about, and goes in-depth to explore Bitcoin and Ethereum, two of the most representative blockchain technology enablers.  It also introduces smart contracts and how one may program smart contracts to achieve contract automation.  With this basic knowledge of blockchain, the course explores and discusses the impact of blockchain on law and legal matters, ethics and data privacy, governance and the public sector, and the financial and business sectors.

ME6205 Public Policy and Administration in Asia
Public Policy and Administration in Asia provides an overview of how governments identify priorities, develop and administer policies, and remain relevant in an evolving society. While the examples used in this course are predominately written in the Singapore context, the content is adapted for students in Asia. This course also provides a comparative study of selected countries in Asia, thereby sharing and analysing best practices.

ME6999 Capstone Paper
MME candidates are required to write a paper that identifies and addresses a critical gap in knowledge about a particular issue in policy or management, which is relevant and significant. The candidates are expected to find a topic and supervisor by the end of the first semester, begin work on the capstone paper in the beginning of the second semester and submit the capstone paper by the end of the second semester. A capstone paper has to be written individually. The marking scheme will be based on contribution to existing knowledge in theory, policy implementation and impact.

This programme aims to groom policymakers, administrators, analysts and leading strategists for the public as well as private sectors. 
Benefit from global-Asian perspectives as you interact with other students from various professions and nationalities.  
Access professional development opportunities with our extensive NCPA alumni network of close to 20,000 members.  

Class Schedule 

Classes are typically conducted on: 

Mondays to Fridays 

9.30am – 12.30pm 
2.00 – 5.00pm 
6.30pm – 9.30pm 

Saturdays to Sundays 9.30am – 12.30pm
2.00pm– 5.00pm 


On-Campus accommodation

As demand for housing exceeds supply, only full-time graduate students may apply for graduate housing. Successful applicants may stay for a maximum period of one academic year. Applicants are encouraged to look for alternative accommodation arrangements while waiting for their NTU housing application results. 


Click for MME-E_FAQs

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