Master of Science (Economics)


Programme Overview

Developed, fully taught and awarded by Birmingham Business School, University of Birmingham, UK


  • Appreciate contemporary economic thinking in modern businesses
  • Develop an appreciation and understanding of mainstream theoretical and applied techniques to help you prepare for or enhance your career
  • Introduce and develop a breadth of knowledge in areas such as econometrics, development theory and policy, experimental economics, etc
  • Apply theoretical knowledge, practical skills, tools and techniques in a written dissertation
  • Develop specific transferable skills in research and analysis, abstract and simplify, numeracy and IT, strategic thinking, evaluation and inferences, as well as interpersonal skills 

The two-year programme is offered through Birmingham Business School, and it is suitable for working professionals and executives who have a strong passion in economics and its intricate relation to modern business.

An SIM Preparatory Course in Economics is available for non-economics Bachelor’s degree holders.

To discover more about the University of Birmingham and Birmingham Business School, click here.

Dr Marco Barassi from Birmingham shares more about the programme

Awarded by:

Course Start Date & End Date

There is one intake a year in October.

October 2017 Intake

Preparatory Course in Economics (if applicable):

16 Aug 2017 - 30 Oct 2017

Master of Science (Economics):

31 Oct 2017 – 30 Sep 2019

Note: Date & period is subject to change by the University.


Preparatory Course in Economics (if applicable): S$749.00 per module

Master of Science (Economics): S$26,964.00

Application Fee applies

All fees inclusive of prevailing GST (exclude textbooks and valid for 2017 intake).


October 2018 Intake

Application will open in November 2017


Events & Programme Briefings

  • SIM-Birmingham Programme Preview for 2018

    Come join us on Sat Nov 04 18:00:00 SGT 2017, Sat Nov 04 18:00:00 SGT 2017 - Sat Nov 04 22:00:00 SGT 2017, at Blk A, Level 4 , Seminar Room A.4.01, SIM HQ, 461 Clementi Road, Singapore 599491 ...

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Gain deeper understanding of economics issues

A deep understanding of economics is key to our continuing function as a global economy to establish successful trade, monetary and welfare policies across nations.

The programme provides an advanced training in core areas of economics that are widely used in economics-based professions. You will receive specialist training in areas of relevance and take options in other areas of your interest to meet the growing demands for economics to address and solve real-world problems.

This degree will give you a clear understanding and application of economics theory and techniques for modern businesses in emerging and developing countries.

Reasons to study Birmingham's postgraduate degrees at SIM 

  • Degrees are of the same standings and standards as those awarded in the UK
  • Long tradition and established track record of teaching business and management
  • Established international reputation of the University and the Business School
  • Research led – cutting-edge research feeds directly into teaching
  • International syllabus with a focus on the issues of globalisation
  • Dedicated staff who provide continuous support for your studies 

Career Prospects 

Graduates can develop a career in academia, actuary, advertising, audit, commerce, financial services, industry, investment banking, journalism, consultancy, marketing, media, politics, research, tax, the public sector, or in any other profession that requires the valuable transferable skills and insights obtained from this degree. Those with existing careers may opt to accelerate their career path with existing employers, or create potential for change. 

The University of Birmingham is the University of the Year for Graduate Employment in The Times and Sunday Times Good University Guide 2016.

Opportunity for Further Study

Graduates may further their studies in PhD and doctoral programmes from universities around the world upon completion of this programme.

Teaching Faculty

Birmingham academics

Mode of Delivery  

The programme covers seven taught modules (120 credits) and a written dissertation (60 credits).

Taught Modules 

Taught modules are delivered one at a time through lectures by Birmingham academics who teach the same module on the University’s home campus to ensure equivalent academic inputs for the Singapore programme.

A 10-credit module is equivalent to one week of lectures. The 20- and 30- credit modules are covered over two and three weeks respectively. 

Lessons are conducted intensively on weekdays and weekends of 3 to 8 hours per day on SIM’s campus.

Typical Weekly Schedule (30 contact hours)

Mon – Tue: No classes
Wed – Thu: 7:00pm to 10:15pm
Fri – Sun: 9:00am to 6:00pm

Note: Working professionals are expected to set aside 6 days of leave in a year to attend Friday full-day lessons. However, they will not be penalised if they are unable to attend the Friday lessons in full due to work commitments.

Software Training

Students will receive up-to-date training in analysis and statistical software either in Stata or Eviews.

Note: The choice of software is subject to change and will follow according to the programme in the UK.


There will be workshops, consultation sessions and supervisors assigned to students on dissertation guidance.

Pre-sessional Courses 

Students will attend compulsory pre-sessional courses in Statistics and Mathematics to prepare for the programme. There are no exams and no additional payable charges incurred to the programme fee.


  • Macroeconomics (20 credits)
  • Microeconomics (20 credits)
  • Econometrics (30 credits)
  • Game Theory (20 credits)
  • Dissertation (60 credits)

Optional Modules (choose 3)

  • Economics of Financial Markets (10 credits)
  • International Trade Policy (10 credits)
  • Monetary Policy (10 credits)
  • Risk, Uncertainty & Information (10 credits)

The modules listed here and on the University’s website may occasionally be subject to change. For example, as you will appreciate, key members of staff may leave the University and this might necessitate a review of the modules that are offered. Where a module is no longer available, we will let you know as soon as we can and help you make other choices.

Module Synopses (including dissertation) 

Sample Illustration of Overall Programme Structure (Part-time)

Duration & Candidature Period

The programme is designed to be completed in two years.

There will not be any refund or recourse should students fail to complete the programme within the candidature period.

Minimum Class Size 

Minimum class size to commence: 20 students

If the class fails to commence due to low take-up rate, students will be informed within one month before programme commencement.


Entry Requirements

Academic Qualification Requirement

  • Bachelor’s degree in economics or a related discipline (Upper 2nd Class Honours or equivalent); or
  • Bachelor’s degree in non-economics fields of study (Upper 2nd Class Honours or equivalent) and have a background in statistics and/or calculus at least at GCE ‘A’ level or polytechnic diploma level subject to the successful completion of a three-month SIM Preparatory Course in Economics.
  • All other qualifications will be assessed on individual merits.  

English Proficiency

  • A minimum C6 pass in English as First Language at GCE ‘O’ level; or
  • IELTS 6.5 (with at least 6.0 in each band); or
  • TOEFL iBT: 88 (with no less than 20 in Listening, 21 in Reading, 22 in Speaking and 21 in Writing); or
  • Pearson Test of English (Academic): a minimum of 59 in all four skills.

Other Requirements

These are to be submitted with the application:

  • Two satisfactory references of which one must be academic-related; and
  • a letter of academic interest and objective in postgraduate study.

All admissions are based on merit and are subject to the final approval of the Programme Director. Applicants may be interviewed prior to acceptance into the programme. 

Applicants with a work permit or employment pass can be considered for admission to the programme.

Preparatory Course in Economics (if applicable)

Developed and awarded by SIM, Singapore.

Applicants with non-economics related Bachelor's degree and have a background in statistics and/or calculus at least at GCE ‘A’ level or polytechnic diploma level are required to pass a three-month Preparatory Course in Economics for entry into the Master of Science (Economics) programme.

The taught modules include: 

  • Econometrics
  • Macroeconomics
  • Microeconomics

University of Birmingham may require students to complete a minimum of one and up to a maximum of three modules, per intake.

Preparatory Course - Module Synopses 

Lessons are typically 3 hours on weekday evenings. Classes may be scheduled on Saturdays if required.

Assessment is either by written exams, coursework*, or a combination of both. Final exams are scheduled at the end of the course in end-September/ early October on weekday mornings on SIM’s campus. There are no re-sits.
*Course work include in-course tests, assignments etc.

The course is conducted annually between August and October.

The minimum class size is 20 students.

If the class fails to commence due to low take-up rate, applicants will be informed within one month before programme commencement.


A certificate of completion will be awarded upon successfully passing the Preparatory Course in Economics.

Course Fees

Preparatory Course in Economics (if applicable): S$749.00 per module

Master of Science (Economics): S$26,964.00, payable on a per module basis

Note: 10-credit module: S$2,247.00, 20-credit module: S$4,494.00, 30-credit module: S$6,741.00 

Application Fee applies

All fees inclusive of prevailing GST and are payable before a module’s commencement (exclude textbooks). Fees are valid for 2017 intake and assume that students complete the programme in two years.

Exemption Eligibility



Lecturers’ Profiles & Teaching Modules

Average teacher-student ratio 1:20

Progression Requirement

Students will be allowed to progress through each module upon the completion of its assessments and/or exams. 

Assessments & Exams

Taught Modules

Modules are assessed either by written exams, coursework*, or a combination of both. They are normally scheduled one to two weeks after a module’s completion. Exams will be held on weekday evenings or Saturdays on SIM’s campus.

Re-assessment will be advised by the University for students who did not fulfil the passing requirement of any taught modules.

*Coursework can take a variety of forms including essays, practical assignments, presentations and reports etc. Some coursework may be group based.


Students will need to complete a 10,000 – 12,000 word dissertation for submission. The submission period is normally in end-August or early September.

Note: The assessment schedule is subject to change by the University. 

Attendance Requirement

Expected to attend all lessons.

Note: Working professionals are expected to set aside 6 days of leave in a year to attend Friday full-day lessons. However, they will not be penalised if they are unable to attend the Friday lessons in full due to work commitments.

Award of Degree

Obtain a total of 180 credits to attain the Master of Science (Economics) awarded by the University of Birmingham.  


A degree congregation presided by University of Birmingham is annually held in November on SIM’s campus. Alternatively, graduates can choose to attend the ceremony in July or December in the UK.