Bachelor of Arts (Economics) 


Programme Overview

Academic Level
Academic Level

Bachelor's Degree, single major

Awarded by
Awarded by

University at Buffalo, The State University of New York, US

Programme type
Programme type

Full-time, 3 years

Campus location
Campus location

SIM Headquarters

Application Dates
Application Dates

Now till 19 Oct 2022 (Spring (Jan) 2023 intake) | Opens on 20 Oct 2022 for Summer (May) 2023 intake

Estimated Fees (incl. GST)
Estimated Fees

(incl. GST)*

S$35,310 to S$74,472

* Exclude application fee, preparatory or bridging course fee, and other fees. Refer to the Fees & Financial Aid section for details.

Programme Outline

Awarded and developed by: University at Buffalo, The State University of New York, US

The departmental excellence with the Economics department in UB include: economics of growth and development; industrial organization; international trade; crime and justice; uncertainty and information; urban economics; and applied econometrics.  

UB’s Economics program integrates economic theory with applied topics, including finance, international trade, econometrics, education, growth and development, monetary economics, labor economics, urban and regional economics, industrial organization, and regulation.

Students will discuss matters relating to consumers and producers, market equilibrium, investment and savings, employment, money and banking, and government taxation and spending.

  • The SIM-UB scholarship allows deserving students at SIM to spend one semester at the UB’s New York campus.


Learning Outcomes

Upon successful completion of this programme, you will: 

  1. Study the scarcity and its implications for the use of resources, production and welfare, and other vital concerns to society. 
  2. Acquire the knowledge to determine the most effective use of resources to meet private and social goals. 
  3. Learn to apply the knowledge to achieve the most satisfactory allocation of resources. 

Further Studies & Career Prospects

Graduates have gone on to graduate schools for further studies.

The demand for economists has increased over the past decades. The well-trained economics graduate offers employers analytic insights and the knowledge in applications of economics analysis in their scope of work.

With this qualification, you have job opportunities in

  • Brokerage firms
  • Investment and retail banks
  • Insurance and financial services sectors
  • International relations
  • Other professions

Why study at SIM x University at Buffalo


SIM is the leading private education institution in Singapore. 


Excellent value with lower tuition costs in SIM, with opportunities for overseas exchange and transfer. 


Enjoy a high-quality and interactive American education. 


Students admitted are regular UB students (no distinction between Singapore and Buffalo)  

Learn more about the University at Buffalo

Intake Dates

2023 Spring (January) Intake


30 January 2023 to 29 January 2026


Now till 19 Oct 2022

Full-time course is over 9 semesters (3 per year) and can be completed in 3 years. Each semester is 12-15 weeks.

Download academic calendar (PDF 204 KB)

2023 Summer (May) Intake


29 May 2023 to 28 May 2026


Opens on 20 Oct 2022

Full-time course is over 9 semesters (3 per year) and can be completed in 3 years. Each semester is 12-15 weeks. 

Download academic calendar (PDF 204 KB)

Maximum allowed period to complete:

Single degree program – 6 years

If a student fails to complete the course within the candidature period, they will not be entitled to any recourse or refund.



  • Blended learning. Activities, consultations, discussions, exercises, lectures, online learning and presentations.
  • Each lesson consists of 1.5 hours of lecture and 1.5 hours of consultation.
  • To ensure parity in standards, rigors of the program, integrity of the UB degree, more than 50% of modules are taught by US /overseas visiting faculty, covering the full semester throughout the entire program. The rest of the modules are taught by qualified local faculty with the experience and academic expertise approved by UB.
  • Average teacher-student ratio = 1:43.
  • Minimum class size to commence: 25 students. Students will be informed at least one month prior to course commencement if class cannot commence due to low take up rate.

View a list of lecturers’ teaching modules (PDF 452 KB)

Assessment & Attendence

  • The normal module load for students is 12 to 15 credit hours a semester.
  • Students may register for modules and make changes to their class schedule. Students who choose to drop or resign from any modules, are on official leave of absence or have to repeat any failed modules, may take more than three years to complete their studies.
  • Continuous assessment comprises tests, quizzes, assignments, projects, presentations, participations and activities scheduled throughout the semester.
  • The final exam is held in the 2 weeks after the semester ends.
  • Students progress through each semester till they satisfactorily complete the conferral requirements.
  • Attendance requirement:
    • Local students – Minimum attendance requirement as stipulated by UB or 75%, whichever is higher.
    • International students – Minimum attendance requirement is 90% as mandated by the Immigration and Checkpoints Authority of Singapore (ICA).

Requirements to Graduate

  • Completion of min. of 120 credits with a min. overall and UB GPA of 2.0 to be awarded the degree.
  • With the credit exemptions, students may be able to complete the course of study in less than 3 years.
  • Students who successfully complete all the requirements of the program will be awarded Bachelor of Arts (Economics) degree by the University at Buffalo, The State University of New York, US.
  • Students earning baccalaureate degrees are eligible to receive Latin Honors based on their UB cumulative GPA on the following scale:
    Average (based on 4.0 = A)
    • 3.20 cum laude (Distinction)  
    • 3.50 magna cum laude (High Distinction)  
    • 3.75 summa cum laude (Highest Distinction)  
    To qualify for Latin Honors, students must present a minimum of 60 credits of UB undergraduate coursework, at least 54 of which must be graded credits (i.e. not satisfactory or unsatisfactory – grades of ‘S’ or ‘U’)


Total credits required for degree: 120

Credits Required for Major 39
Credits Required for UB Curriculum 37
Credits Required for Free Electives (Any Level) 33
Credits Required for Free Electives (Upper Division, at least 300-Level) 0

  • ECO 181 Introduction to Macroeconomics (4 credits)
  • ECO 182 Introduction to Microeconomics (4 credits)
  • MTH 121 Survey of Calculus and Its Applications I (4 credits)

  • ECO 380 Economic Statistics and Data Analysis (3 credits)
  • ECO 405 Microeconomic Theory 1 (3 credits)
  • ECO 407 Macroeconomic Theory (3 credits)
  • ECO 480 Econometrics I (3 credits)
  • 5 Upper-level ECO Elective courses (15 credits)

  • UB Seminar (3 credits) 
  • Foundations (21 credits) 
    • Communication Literacy I (4 credits) 
    • Communication Literacy II (3 credits) 
    • Mathematical and Quantitative Reasoning (4 credits) 
    • Scientific Literacy and Inquiry (7 credits)1 
    • Diversity Learning (3 credits) 
  • Pathways (18 – 19 credits) 
    • Thematic Pathways (9 credits) 
    • Global Pathways (9 – 10 credits) 
  • UBC 399 UB Curriculum Capstone (1 credit) 

View module descriptions for UB Curriculum (PDF 615 KB)

  • 11 credits (Upper Division, at least 300-Level)
  • 33 credits (Any Level)

View module descriptions (PDF 992 KB)


The modules offered are subject to change.

1These are online modules. Local resource persons may conduct weekly sessions for selected module. 


Admission Criteria

Applicants will be assessed based on all the qualifications they have submitted. Meeting the minimum requirement does not mean automatic admission. 

Accepted Entry Qualifications

The following qualifications are accepted: 

  • Singapore-Cambridge General Certificate of Education Advanced Level (A-Level)
  • Polytechnic Diploma
  • SIM Diploma
  • International Baccalaureate (IB) Diploma: Most recent 3 years of high school grade of ‘B’ equivalent to IB score 4.5. IB Diploma holders can expect up to 30 credit exemptions with a minimum of 30 total scores.
  • SIM Management Foundation Studies (MFS) or its equivalent
  • Qualifications equivalent to a U.S. high school diploma. Average grade of ‘B’ or better.

Students with Singapore-Cambridge General Certificate of Education Advanced Level (A-Level), Polytechnic Diploma and SIM Diploma may be considered for admission with advanced standing credits.

Note: Advanced standing and transfer credits granted are subjected to final approval by UB. UB reserves the right to change credit articulations at any time.

English Language Requirements

Singapore Citizens and Permanent Residents with at least 10 years primary and secondary education in Singapore in an English-medium government school, and completed their GCE ‘O’ level with a grade ‘C’ (6 or better) in the English Language, are exempted from the English Language proficiency requirement.

All other applicants must demonstrate proficiency in English in one of the following ways. Only scores from tests taken within 2 years prior to the time of enrolment are acceptable.

English Language qualification   

Minimum score

Paper-based TOEFL

550 (with no section below 50)

Internet-based TOEFL (IBT)

79 (with no section below 15)


6.5 (no band less than 6)

PTE Academic

55 (with no subsection score below 50)



ACT (English and reading sections)


International Baccalaureate (IB) – Diploma Higher Level English A1 or A2  



Students with Singapore-Cambridge General Certificate of Education Advanced Level (A-Level) and Polytechnic Diploma may be considered for admission with advanced standing credits. 


Single Degree 
(Minimum 120 credits)

Double Major
(Minimum 120 credits)

Double Degree
(Minimum 150 credits)

Polytechnic Diploma holders with transfer credits

60 – 110 credits 

102 – 137 credits

127 – 159 credits

SIM Diploma holders with transfer credits

76 – 100 credits

102 – 137 credits

127 – 159 credits

International Baccalaureate (IB) Diploma holders

90 – 120 credits

102 – 137 credits

127 – 159 credits

A-Level students with advance standing credits

80 – 110 credits

100 – 137 credits

130 – 159 credits

Students with no credit exemption

120 credits

120 – 137 credits

150 – 159 credits

Note: Advanced standing and transfer credits granted are subjected to final approval by UB. UB reserves the right to change credit articulations at any time. 


Fees & Financial Aid

Programme fees are charged based on the number of credits taken during the semester.

First semester programme fees are payable prior to commencement of semester. Subsequent semester programme fees are billed after the commencement of semester. Each semester typically has 4-5 modules (12 to 15 credits).

Payment to SIM can be made through SIMConnect using Credit Card (Visa or Master), PayNow, eNETS, OCBC Interest-free Instalment Plan (min. S$500) and cheques. 

Programme Fees 

Local students: S$588.50 / International students: S$620.60 per credit (inclusive of prevailing GST)
All fees inclusive of current 7% GST (exclude textbooks / course materials).

Fees will be subject to revised GST of 8% effective on 1 Jan 2023 and 9% on 1 Jan 2024.
Refer to GST Notes under Fees Tab for more information.

GST Notes

  • Fees published are inclusive of current GST of 7%. The parts of fees not invoiced, not paid and where services are not rendered in year 2022 are subject to the new GST rates effective on 1 Jan 2023 and 1 Jan 2024 respectively. Refer to IRAS website here for more details.
  • For invoice generated in 2022 for services to be rendered in 2023, if payment is collected by 2022, 7% GST will apply.
  • For invoice generated in 2022, if the payment is received in 2023 and service is rendered in 2023, 8% GST will apply. Credit note against original invoice and a new invoice bearing 8% GST will be issued.
  • For invoice generated in 2022 and service is rendered in 2022, if payment is collected in 2023 (i.e. late payment), 7% still applies.

Credits Required

Estimated Fees

A-Level students with advance standing credits: 
80 – 110 credits*

S$49,648 – S$68,266  
For Singaporeans & PRs: S$47,080 – S$64,735 

Polytechnic Diploma holders with transfer credits: 
60 – 110 credits*

S$37,236 – S$68,266  
For Singaporeans & PRs: S$35,310 – S$64,735

SIM Diploma holders with transfer credits: 
76 – 100 credits*

S$47,165.60 – S$62,060  
For Singaporeans & PRs: S$44,726 – S$58,850 

International Baccalaureate (IB) Diploma holders: 
90* – 120 credits 

S$55,854 – S$74,472  
For Singaporeans & PRs: S$52,965 – S$70,620 

Students with no credit exemption:  
120 credits

For Singaporeans & PRs: S$70,620  


Advanced standing and transfer credits granted are subjected to final approval by UB. UB reserves the right to change credit articulations at any time.

*With credit exemptions

Mandatory One-time Fees

All fees inclusive of prevailing GST.

Student Development Fee

A one-time payment applicable to all students embarking on a full-time Diploma or Undergraduate programme at SIM. This fee goes towards activities that will help in students’ personal growth and equip them with functional skills that enhance their employability.

Payable with the programme fees’ first instalment.


International Student Induction Fee

A one-time fee payable by new full-time international students. This fee covers pre-arrival and arrival support, including activities to enhance the international student learning experience.

As applicable, payable with the programme fees’ first instalment.


Application Fee

Payable for each application form that is submitted. Fee is non-refundable and non-transferable. The fee will be refunded fully only if the intake does not commence. Unpaid applications will not be processed.

Local applicants: S$96.30

International applicants: S$481.50 (not inclusive of Student’s Pass application)