Bachelor of Social Sciences (Honours) in Economics

| Curriculum 

BSocSci (Hons) in Economics

The undergraduate Economics programme at NTU is distinguished by its emphasis on applications and policy. 

The curriculum offers robust training in economic theory and statistical methods and offers a wide choice of Economics courses to suit students' interests and mathematical aptitude. Economics electives cover all the significant fields of economic knowledge as well as recent developments in areas such as Internet Economics and Behavioural Economics. 

It is a powerful discipline that cuts across interdisciplinary landscapes of business, health, human behaviour, technology, and society. The curriculum emphasises a solid and rigorous foundation in microeconomics, macroeconomics, and econometrics in theory and with applications to policy and practice. 

ECON courses offered for Semester 2, AY2021/2022

Course Code Course Name

Introduction to Probability and Statistical Methods

(replaced HE1004 Introduction to Statistical Theory and Methods / HE1005 Introduction to Probability and Statistical Inference)

HE2001 Intermediate Microeconomics / Microeconomics II
HE2002 Intermediate Macroeconomics / Macroeconomics II
HE2006International Monetary Economics
HE2011 Labour Economics & Labour Relations
HE2013International Trade
HE2015 Macroeconomic Issues and Policies in Contemporary China
HE2020 Survey Methods and Sampling Techniques
HE3003 The Chinese Economy
HE3004 Health Economics
HE3005 Environmental Economics
HE3007Financial Economics
HE3014 Economics of Corporate Finance
HE3016 Principles of Mathematical Finance
HE3021 Intermediate Econometrics
HE3023 Econometric Analysis of Financial Data
HE4001Advanced Microeconomics
HE4002Advanced Macroeconomics
HE4003 Advanced International Finance
HE4004 Behavioural Economics
HE4010 Singapore Economy in a Globalized World
HE4011 Current Topics in Economics
HE4018 Finance and Development
HE4021 Advanced Econometrics
HE4022 Empirical Strategy and Program Evaluation


Graduation Project (GP) is a group work project worth 8AUs. Each group is to strictly have 3 members.

GP is compulsory for students with cGPA of 3.90 and above to be eligible for Honours (Distinction) and Honours (Highest Distinction).

Students are to source for their own supervisor and have a tentative GP topic that has to be agreed upon amongst the supervisor and all group members. To find out the research interests of our faculty staff, you may click here.

Students are to read GP over 2 consecutive semesters. 
Successfully registered students for HE4099 are therefore not allowed to apply for semester leave or go on any exchange programme, while they are registered for HE4099. 


The aim of GP is to train students to carry out independent research in economics. The project can be theoretical or empirical in nature. Students will select a topic, and with the guidance of a supervisor, develop a proposal that is mutually agreed upon the supervisor and all group members.

The project proposal will serve as a blueprint for the group and helps to ensure that the proposed research topic is adequately defined and feasible. The proposal is a one-page write-up to include the following content:

(1) Title of the project,
(2) Main objective of the study or research,
(3) Methodology,
(4) Planned schedule for project completion.​

Students are to fulfil ALL requirements for GP.


Criteria​Economics Major​MAEC Major
​1​To qualify as a Year 4 student, student is to complete at least 91 AUs by the end of the applying semester (assuming that you pass all current courses).​Student is to complete 5 Economics Core Courses in Year 1 & 2 - HE1001, HE1002, HE2001, HE2002 & HE2005.
​2​Completed 6 Economics Core Courses & at least 8 Economics Major Prescribed Electives by the end of the applying semester (assuming that you pass all current courses).Completed at least 2 Economic Electives.
​3​cGPA must be 3.90 and above.​cGPA must be 3.90 and above. 
Students with cGPA within 3.75 to 3.90 will be allowed to opt-in to do GP at the discretion of the Programme. You may email your interest to Economics Undergraduate Office at
Students below the required cGPA of 3.75 will not be allowed to complete the GP but must read two 4000- level courses to fulfil the 8 AUs requirement.
There are 2 windows of application: 

(1) *Early Registration - Duration of GP is from the start of Year 3 Semester 2 to the end of Year 4 Semester 1. 

(2) Normal Registration - Duration of GP is from the start of Year 4 Semester 1 to the end of Year 4 Semester 2.

*An early registration applies to students whom at the time of application are in Year 3 Semester 1. Students who satisfy GP requirements may seek permission to do an early registration. Students can opt to read HE4099 when their Year 3 Semester 2 commences, if they have met all eligibility requirements stated above and have made satisfactory arrangements in forming a project group and seeking appropriate supervision.

Application Procedure

Specific procedure and instructions for application will be relayed to students via email. When applying, students are to ensure the following: 

(1) Registration Form is filled completely and accurately

(2) Degree Audits of all 3 members are included

(3) Each group is to have strictly 3 members

    Important Information


    ​​Important Dates

    1. The deadline for submission of e-copy of the Final Report and Executive Summary will be advised by the Economics office upon official approval to read HE4099.

    2. On Week 14 (one week after the final teaching week of the semester, before the exam period), only the Final Report needs to be uploaded to NTU Library.

    Submission of Final Reports to UG Economics

    Submit softcopies of the Main Report and the Executive Summary via NTULearn to the HE4099 course site. Details on the submission will be disclosed further via email.
    1. Submission of e-copy to the Library
    • All materials uploaded to Library Digital Repository, DR-NTU, comply with the Personal Data Protection Act (PDPA). Personal data such as NRIC, Address, Contact Numbers, etc. should be removed.
    • If there are confidentiality concerns, the students may ask for an exemption. They need to ask their GP supervisor to endorse their request and inform the Library. 


    • For enquiries on DR-NTU submission, address them to Read the DR-NTU SubmissionGuideline to understand the submission process.

    • If the GP needs to be embargoed for a specific period, it is possible to set embargo dates in DR-NTU.


    If an embargo or exemption is needed, students need to follow these 5 simple steps:

    1. Fill in the request form.
    2. Get your supervisor to sign and endorse your request form.
    3. Email the completed request form to NTU Library at​ and copy to your supervisor.
    4. The Library will revert within 3 working days.
    5. Once approved:
      • For Embargo: follow the Library’s instructions to submit and set embargo to your work in DR-NTU.
      • For Exemption: you are exempted and do not need to submit your work or the metadata record in DR-NTU.
     For more details on Embargo/Exemption for DR-NTU Submission, please click here.
    Specialisation in Applied Economics​​​Specialisation in Finance
    ​General Information
    Prime Minister Lee Hsien Loong emphasised a need for degrees with an applied focus.  He stressed that these degrees should lead to students getting good jobs.  As such, Economics Programme in response to this call, would like to introduce the Applied Economics track. 
    The field poses many interesting academic questions as well and a mathematical framework as to how we can address those questions.  The practical application of Applied Economics is well documented in history.  Knowledge of Applied Economics is essential to understand whether any government agency should undertake a given project - for example should a new road be built etc.  More specifically, Applied Economics aims to assist policy makers to evaluate the effectiveness of existing policies using a quantitative framework.  This skillset is also highly valued in the private sector, consultancy firms often tender for government projects. 
    As the requirements of the programme are very demanding, it is necessary to impose a minimum grade requirement, in order to ensure that students enrolled in the programme will be able to cope with these demands.
    ​The field of finance is both a challenging and rewarding field of study.  It covers a broad spectrum of topics including but not limited to pricing of financial assets, including bonds, currencies and derivative securities; the evaluation of financial risks; banking and financial intermediation; corporate governance. 
    In addition to the practical relevance of finance to industry, the field poses many interesting academic questions as well and a mathematical framework as to how we can address those questions.  Knowledge of finance is also crucial when we understand economic phenomena like international capital flows and monetary policies. 
    Finally, finance is an extremely remarkable field that draws from a large literature including but not limited to economics, mathematics and statistics, operations research, engineering, computer science and history. 
    As the requirements of the programme are very demanding, it is necessary to impose a minimum grade requirement, in order to ensure that students enrolled in the programme will be able to cope with these demands. 
    ​Take Note​Student is not allowed to exercise S/U option for courses.
    ​Student is able to clear a maximum of 3 courses during exchange semester.
    Student is to register courses as Major Prescribed Elective(MPE) or as Unrestricted Elective(UE), if there is insufficient Academic Units (AUs) for MPE category.
    ​Eligibility​cGPA must be above 3.75​cGPA must be above 4.3

    Core Courses

    ​HE2020​Survey Methods & Sampling TechniquesHE3007Financial Economics
    ​HE3021​Intermediate Econometrics​​HE3014​​Economics of Corporate Finance
    ​HE4001Advanced Microeconomics​HE3016Principles of Mathematical Finance
    ​HE4002Advanced Macroeconomics​HE3021Intermediate Econometrics
    ​HE4021Advanced Econometrics​​HE4002Advanced Macroeconomics​
    ​ ​ ​ ​
    ​Elective Courses


    ​HE2021​Public Economics​HE2006International Monetary Economics
    ​HE3004​Health Economics​HE2007​Money & Banking​
    ​HE3005​Environmental Economics​HE2013​International Trade​
    HE3011Cost-Benefit Analysis​​​HE3022​Econometric Modeling and Forecasting​
    ​HE4011Current Topics in Economics​​HE3023Econometric Analysis of Financial Data​
    ​​HE4020​​Econometric Time Series Analysis​HE4003Advanced International Finance

     ​​HE4017Monetary Economics
    ​​HE4020​Econometric Time Series Analysis
    HE4021​Advanced Econometrics​
    ​Graduation Project
    ​Must meet all FYP requirements ​Must meet all FYP requirements 
    Topic must be of interest to any government agency or private sector organisation.​Topic must relate to issues and/or methods in finance.
    The School of Social Sciences (SSS) hopes to give our students the opportunity to gain interdisciplinary training within the humanities and social sciences discipline.
    The School has carefully selected a set of interdisciplinary Major-PEs, so as to provide students with​ a broad-based curriculum within the School.
    This list of Interdisciplinary Major-PEs are for students who are interested and confident to take modules outside their Major of Study. If students wish to focus on taking Major-PEs from their own major programme, they can still do so. 
    The following modules are part of a common pool of Interdisciplinary Major-PEs that all SSS students can register for, regardless of their offering Programme with effect from Semester 2, AY2016-2017.
    Modules with pre-requisites are indicated in red below.
    Offering Programme
    Existing courses
    HH1007 The Making of Civilizations
    HH3013 Comparative History of Race Science
    HC3001 Modern Chinese Literature (will remain as Core for CHIN students)
    (Pre-req: B4 and above in O-Level Chinese or equivalent)
    HC3003 Southeast Asian Chinese (will remain as Core for CHIN students)
    (Pre-req: B4 and above in O-Level Chinese or equivalent)
    HP1000 Introduction to Psychology (will remain as Core for PSY students)
    HP1100 Fundamentals of Social Science Research (will remain as Core for PSY students)
    HA3016 China's Foreign Policy (Pre-req: HA1004)
    HA3010 Mass Media and Public Policy (Pre-req: HA1004)
    MH1820 Introduction to Probability & Statistical Methods
    (will remain as Core for ECON students)
    HE5092 Economic Theory (Pre-req: HE5091)
    HS2007 Understanding Globalization (Pre-req: HS1001)
    HS2028 Graying society: Issues and Challenges (Pre-req: HS1001)
    HY1001 Introduction to Philosophy (will remain as Core for PHIL students)
    HY3001 Existentialism: Freedom, Being, Death
    HG1001 Fundamentals of Linguistics: Mind and Meaning
    (will remain as Core for LMS students)
    HG2020 Language in Society (will remain as Core for LMS students)
    (Pre-req: HG1002)
    HL1001 Introduction to the Study of Literature
    HL1005 Singaporean Literature and Culture (Pre-req: HL1001)
    Please note that: 
    1. Students are to take not more than 2 courses from the common pool of Major-PEs courses as substitute of their own Major-PEs.
    2. ​​The interdisciplinary Major-PEs can be used to replace modules from Group A and Group B. However, you can replace only 1 Group A module.
    3. Waiver of the pre-requisites will be granted for SSS students should they wish to register any of these 18 modules. Thus, they are advised to put in extra effort when attempting those higher level courses with pre-requisite.


    All calculators that are to be brought into the examination halls must be registered by the School.

    School of Social Sciences students are required to get their calculators registered at the SSS Undergraduate Office at any time during the following hours:


    Time : 9:00 am to 5:00 pm (Mondays to Friday, excluding public holiday)

    Venue : SSS-01-02 (SSS Undergraduate Office counter)

    However, if you have already registered your calculator previously and the seal is not broken, you do not have to register it again.


    Re-registering of Calculator is required only if you are using a new calculator or the seal on your current calculator has broken.


    Please remember that all calculators that are brought into the exam halls are to have the School's seal on it.

    Please read carefully the Rules of Governing the Use of Calculators at Examinations.


    Graphic calculators are allowed for use in the new GCE 'A' Level Curriculum from 2006. For consistency, the University will allow the use of graphic calculators with effect from S1 AY 2006-07 examinations.


    Students are responsible for clearing any information and/or programs stored in the graphic calculators before the examination.