The Department of Economics offers three specialisations with the Economics Honours programme.

QUANTITATIVE ECONOMICS 

This specialisation equips students with the skills and knowledge in economic theory and quantitative methods. Students who graduate with this specialisation will be well placed for graduate studies in economics and for careers requiring data analysis and rigorous quantitative skills.

MONETARY AND FINANCIAL ECONOMICS 

This specialisation equips students with the skills and knowledge in the fields of financial economics, monetary economics, and macroeconomics. Students who graduate with this specialisation will be well placed for careers in the financial sector, including banks, business and financial advisories, capital market services, insurance, and central banks.

APPLIED AND POLICY ECONOMICS 

This specialisation equips students with the skills and knowledge essential for policymakers and applied economists. Students who graduate with this specialisation will be especially well placed for careers in the civil service, think tanks, and non-profit organizations.

The specialisations are applicable to students who have declared Economics as their first major and who are on the Economics Honours track. Students may declare a maximum of two specialisations. Declaration of specialisation(s) is optional. Students may choose to graduate with the B.Soc.Sci (Hons) with no specialisation or with specialisation(s).The specialisation(s), if applicable, will be noted in the student’s official transcript.

Students may map a maximum of 8 units of EC-coded level-3000 courses from the NUS Student Exchange Programmes (SEP) for each of the specialisations. Please note that the courses mapping and credit transfer of the 8 units is applicable to EC-coded level-3000 courses only. Students are still subjected to the minimum of 60% of the Major requirements which must be completed at NUS. Mapping of EC-coded level-4000 courses is not allowed. Students are required to read and pass EC-coded level-4000 courses at NUS.

Students may declare the specialisation(s) during the university-wide academic plan declaration period through the EduRec system (Academics → Academic Plan Application/Declaration). Students are allowed to declare the specialisation(s) only during the declaration period when the declaration page is available.

Students who have declared specialisation(s) would not be able to change their declaration within the same semester once it has been submitted. For example, if you have declared specialisation(s) in Semester 1 of Year Two, you may change your declaration in Semester 2 of Year Two and so forth. Students are not allowed to change their specialisation(s) after declaring it in Semester 2 of Year Four. It is important to note that any change in specialisation(s) may have an impact on the student’s candidature.

Students are required to complete a set of courses applicable to each of the specialisations. Please note that only EC-coded courses are recognised towards the specialisations. As specialisations are a subset of the Major, all courses must be from the Major and as such must be EC-coded courses Students who have completed cross-faculty courses (non EC-coded courses) which are preclusions to the EC-coded courses would not qualify for the relevant specialisations.

Requirements of the Specialisations in Economics

Students who Matriculated in AY2021/22 onwards
Students who Matriculated in AY2019/20 and AY2020/21
Students who Matriculated in AY2018/19 and before