Bachelor of Science (Honours) in Economics 

University of London

Programme Overview

Academic Level
Academic Level

Bachelor's Degree,

Awarded by
Awarded by

University of London, UK

Programme type
Programme type

Full-time, 3 years

Campus location
Campus location

SIM Campus

Application Dates
Application Dates

Now till 1 Jul 2024 (local and international applicants)

Estimated Fees (incl. GST)
Estimated Fees

(incl. GST)*

S$25,740 to S$40,750

* All fees inclusive of current 9% GST (exclude textbooks / course materials, SIM application fee, preparatory / bridging course fee, and other fees). Refer to GST Notes under Fees Tab for more information.

Programme Outline

Awarded by University of London, UK and Developed by federation member, London School of Economics and Political Science, UK.

Key to understanding economic forces and changes 

With a strong foundation in economics, you hold the key to understanding economic forces and the changes they wrought. Economic forces drive the modern world, affecting the welfare and living conditions of whole communities and nations. 

There is a demand for decision-makers and leaders who can develop and implement sound economic policies and practices for the good of society. 

Essential mathematical techniques such as calculus and statistics will be covered at an early stage in this programme. 

learning-outcome

Learning Outcomes

Upon successful completion of this programme, you will be able to: 

  1. Demonstrate skill in applying economic reasoning to the analysis of a wide range of policy issues;  
  2. Understand and evaluate the fundamental aspects of economic analysis;  
  3. Formulate and develop economic arguments in a logical manner. 

Further Studies & Career Prospects

This programme prepares students for careers requiring the use of economic arguments and analysis. It also prepares students for graduate study in economics either locally or overseas.

This programme is a useful preparation for a range of careers in academia, industry, finance or government. Possible jobs include data analyst, research assistant, IMO specialist and operations analyst.

Overall employment rate for SIM-UOL graduates: 82.3%*

*Based on the SIM Graduate Employment Survey 2022/23 conducted by Media Research Consultants on the 2022 cohort of graduates from the full-time Bachelor degree programmes, approximately 6 months after completing their studies. The overall employment rate includes graduates in both full-time and part-time employment.

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Why study at SIM x University of London

uol-sim-leading-pvt-edu

SIM is the leading private education institution in Singapore. 

uol-excellent-value

Excellent value, with opportunities for overseas study.

uol-curriculum-is-by-lse

Curriculum is by LSE, 7th globally in the 2023 QS World University by Subject Ranking for Economics and Econometrics.  

uol-globally-recognised
Globally recognised – Programmes offered have the same academic standards as the London School of Economics and University of London, UK.
Learn more about the University of London

Intake Dates

2024 Aug intake 

PROGRAMME DURATION

Aug 2024 to Jun 2027 (3 years) 

APPLICATION PERIOD

Now till 1 Jul 2024 (local and international applicants)

Early submission of eApplication is strongly recommended. 

2024 Sep intake 

PROGRAMME DURATION

Sep 2024 to Jun 2027 (3 years) 

APPLICATION PERIOD

Now till 1 Jul 2024 (local and international applicants)

Early submission of application is strongly recommended. 

Minimum / Maximum Candidature Period 
Standard BSc (Hons) (12 modules) 3 years / 6 years 
Graduate BSc (Hons) (9 modules) 3 years / 6 years

*The candidature period may be extended by the University on a case-by-case basis. 
No refund or recourse should student fail to complete within the maximum period.

At SIM, students who are academically weak and find it difficult to progress or complete the programme within the minimum duration will receive counselling.

SIM reserves the right to recommend and withdraw a student who cannot cope with the demands of the programme, especially when the student’s pass has expired. 

Curriculum

Structure

  • Blended lectures, group discussions, workshops and online study. 
  • Duration of each lesson is 3 hours. 
  • Classes are taught by local faculty, supplemented by webinars by the London School of Economics on the Virtual Learning Environment. 
    View a list of lecturers (PDF 37 KB)
  • Academic materials include Virtual Learning Environment, SIMConnect portal, subject guides, past exam papers and exam commentaries, reading lists and handbooks on good study strategies. 
  • Learning support include intensive revision, classes on study skills, academic writing and the Peer-Assisted Learning sessions. 
  • Minimum class size to commence is 25 students. Students will be informed within 30 days after the application period. 
  • Full time classes are held in three-hour blocks between Monday and Friday, starting at 8.30am, 12pm, or 3.30pm. There are occasional classes on weeknights at 7pm and weekends. 
  • Average teacher-student ratio: 1:79 
  • View sample of full-time class schedule (PDF 67 KB) 

Assessment & Attendance

  • Assessment by the University is made up of examinations and coursework (for selected modules).  
  • Attendance and Coursework are part of the University's requirements to sit for the examinations every May/June. SIM students may take resits in the Oct/Nov sitting.
  • A pass or exemption from at least two Level 100 modules is required before they attempt Level 200/300 modules. 
  • Students may have a maximum of 3 attempts for each paper prior to classification. 
  • Key dates: 
    • University Exams: May – Jun 2025
    • Results released: Mid-Aug 2025
  • Attendance requirement: 
    • Local: 75% 
    • International (Dependent Pass holders/ Long-term Visit Pass holders): 90% 

Requirements to Graduate

  • The award of the BSc (Hons) degree requires successful completion of all 12 modules (standard entry) or 9 modules (graduate entry). 
  • Grading Scheme: 
    • 70-100: First Class Honours 
    • 60-69: Second Upper Class Honours 
    • 50-59: Second Lower Class Honours 
    • 40-49: Third Class Honours 
    • 0-39: Fail 
  • Graduates can attend the April SIM campus ceremony or the March University of London ceremony (UK).

Modules

100 modules
1. # EC1002 Introduction to economics
2. ST1215 Introduction to mathematical statistics, or
    ST104A Statistics 1 (half module) and **ST104B Statistics 2 (half module)
3. MT1186 Mathematical methods, or
    MT105A Mathematics 1 (half module) and ***MT105B Mathematics 2 (half module)
4. * One module (or two half modules) from Selection group F1

200 and 300 modules
5. ^ EC2020 Elements of econometrics (EC1002) + (ST104A) or (ST1215) + (MT105A or MT1186)
6.   EC2065 Macroeconomics (EC1002) + (MT105A or MT1186)
7.   EC2066 Microeconomics (EC1002) + (MT105A or MT1186)
8-10. Three modules taken from the following:

  • EC2199 The world economy: Industrial revolution to the present
  • EC3016 International economics (EC2065) + (EC2066)
  • EC3096 Economic history since 1900
  • EC3099 Industrial economics (EC2066)
  • EC3115 Monetary economics (EC2065)
  • EC3120 Mathematical economics (EC2066) + (MT105A + MT105B or MT1186)

11. One 200 or 300 module from any Selection group
12. *One 100, 200 or 300 module (or two half modules) from any Selection group

Notes:

A 100 half module may not be paired with a 200 or 300 half module.

* RPL awarded from one named or unnamed 100 module can be placed here.

** ST104B Statistics 2 must be taken after or at the same time as ST104A Statistics 1.

*** MT105B Mathematics 2 must be taken after or at the same time as MT105A Mathematics 1.
# EC1002 Introduction to Economics must be taken after or at the same time as MT105A Mathematics 1 and ST104A Statistics 1.

^ EC2020 Elements of econometrics can only be taken at the same time as or after ST104B Statistics 2 and MT105B Mathematics 2, not before. You will also need to have passed the prerequisites of EC1002 Introduction to economics, MT105A Mathematics 1 and ST104A Statistics 1. However, if you passed MT1174 Calculus, you do not need to take MT105A or MT105B, but must still meet the other prerequisites and co-requisites.

100 modules
1. # EC1002 Introduction to economics
2. ST1215 Introduction to mathematical statistics, or
    ST104A Statistics 1 (half module) and **ST104B Statistics 2 (half module)
3. MT1186 Mathematical methods, or
    MT105A Mathematics 1 (half module) and ***MT105B Mathematics 2 (half module)

200 and 300 modules
4. ^ EC2020 Elements of econometrics (EC1002) + (ST104A) or (ST1215) + (MT105A or MT105B or MT1186)
5. EC2065 Macroeconomics (EC1002) + (MT105A or MT1186)
6. EC2066 Microeconomics (EC1002) + (MT105A or MT1186)
7-8. Two modules from the following:

  • EC2199 The world economy: Industrial revolution to the present
  • EC3016 International economics (EC2065) + (EC2066)
  • EC3096 Economic history since 1900
  • EC3099 Industrial economics (EC2066)
  • EC3115 Monetary economics (EC2065)
  • EC3120 Mathematical economics (EC2066) + (MT105A + MT105B or MT1186)

9. One 200 or 300 module from any Selection group

Notes:

Due to the pre-requisites, the Graduate Entry Route of nine modules can only be completed over three years and not two.

A 100 half module may not be paired with a 200 or 300 half module.

* RPL awarded from one named or unnamed 100 module can be placed here.

** ST104B Statistics 2 must be taken after or at the same time as ST104A Statistics 1.

*** MT105B Mathematics 2 must be taken after or at the same time as MT105A Mathematics 1.

# EC1002 Introduction to economics must be taken after or at the same time as MT105A Mathematics 1 and ST104A Statistics 1.

^ EC2020 Elements of econometrics can only be taken at the same time as or after ST104B Statistics 2 and MT105B Mathematics 2, not before. You will also need to have passed the prerequisites of EC1002 Introduction to economics, MT105A Mathematics 1 and ST104A Statistics 1. However, if you passed MT1174 Calculus, you do not need to take MT105A or MT105B, but must still meet the other prerequisites and co-requisites.

View 2023-2024 modules offered at SIM

View modules information

 

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Admission Criteria

Accepted Entry Qualifications

Standard Entry Requirements:
General Entrance Requirements (GER) are:

  • Applicant must be 17 years or older by 30 November in the year of registration with UOL
  • Two approved GCE ‘A’ /H2 level subjects and three approved GCE ‘O’ level subjects, OR
  • Three approved GCE ‘A’ /H2 level subjects and one approved GCE ‘O’ level subject, OR
  • Three H2 passes provided that at least grades D, E, E are obtained, OR
  • Two H2 and two H1 passes provided they are in non-overlapping subjects, OR
  • Its equivalent

 The following qualifications* meet GER for admission into Year 1:

  • Diploma in Accounting, Banking and Finance, International Business and Management Studies awarded by SIM
  • Diplomas awarded by Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic or Temasek Polytechnic

 
Graduate Entry Requirements:

  • Applicant must be 17 years or older by 30 November in the year of registration with UOL
  • A first degree completed in a minimum of three years duration on a full-time basis (or equivalent) from a university or other institution acceptable to the University of London

View the University of London Prospectus.

*All listings are not exhaustive and they are subject to annual revision.

Equivalent International Qualifications

  • University of London International Foundation Certificate 
  • University of London Certificate of Higher Education in Social Sciences 

For information on international qualifications, refer to SIM’s International Student Prospectus

Other Requirements

  • GCE ‘O’ level - C6 or better in English

 
Alternatively, candidates should have one of the following qualifications:

  • Cambridge Certificate of Proficiency in English, OR
  • Cambridge English Language 1119 (at grade 6 or better) conducted by University of Cambridge Local Examinations Syndicate OR IGCSE English as a 2nd Language, passed at grade B or above, OR
  • IB Diploma - English at grade 4 or better

 
Candidates may also take a Test of Proficiency to meet the English Language course requirement, provided they have been awarded within the past three years.
 

  • TOEFL - a score of 580 (computerised - 237) plus TWE - 4.5, OR
  • Internet based TOEFL - a score of 87, at least 21 in both the reading and writing skills sub-tests, and at least 19 in both the speaking and listening skills sub-tests, OR
  • IELTS – overall score of at least 6 with a minimum of 5.5 in each of the four sub-tests

 
Learn more about other UK GCSE equivalents

  • GCE ’O’ Level Maths passed at Grade C6 or better
  • Local polytechnic diploma with 2 acceptable Maths at grade B or better. Acceptable Maths includes polytechnic modules in Mathematics, Engineering Mathematics, Statistics, Business Statistics and Calculus
  • Malaysia SPM Maths passed at Grade 6C or better  
  • Malaysia UEC Maths passed at Grade C8 or better  
  • IB Diploma (Must have completed Mathematics / Mathematical Studies at Higher / Standard Level at grade 3 or better)
  • NUS High School upon successful completion
  • IFP upon successful completion with a pass in Mathematics
  • Pass Mathematics in the SIM Bridging Course for Economics, Mathematics and Accounting (EMA)

Recognition of Prior Learning (RPL)

RPL is the recognition of previously acquired learning which may be awarded if you have previously studied a similar module in the same depth, and you achieved good marks in the corresponding examination. A student who is awarded RPL for a specific module is considered to be exempted from the module.

You would need to complete all coursework and assessment for your Polytechnic or SIM Diploma before you embark on the bridging course. The qualification must have been obtained within the five years preceding the application for RPL.  

Qualifications that do not qualify for an automatic exemption will require an exemption application fee of £113 per full module or £58 per half module. For the bridging courses listed in the next section which meet the UOL automatic exemption requirement, no exemption application fee is needed.

Applicants for the Bachelor of Science (Honours) in Economics are NOT recommended to apply for RPL as completing the EC1002 Introduction to Economics and MT105A Mathematics 1 (half module) will help prepare students for the rigor of advanced economics, where appropriate.

For more information on RPL, visit the UOL website.

Bridging Courses

All bridging courses are developed and awarded by the Singapore Institute of Management Pte Ltd, Singapore. There will be only one intake per year.

Bridging Course for Economics, Mathematics and Accounting (EMA)

Course Fees: S$850.20 per module, inclusive of 9% GST

Course Dates:  

  • Economics and Mathematics: Jun – Jul 2024 (FT / PT)
  • Mathematics and Accounting: Jul – Aug 2024 (FT only)


Applications closed for EMA Bridging (Jun 2024 intake).

Applications closed for EMA Bridging (Jul 2024 intake).

 
The two-month intensive bridging EMA course via either face-to-face or blended learning is targeted at business-related diploma holders intending to study for a UOL degree in an accelerated mode.

Depending on the applicant’s prior academic background and the University of London academic credit exemption system, they are allowed to study up to two modules. It will either be a combination of Mathematics with Economics or Mathematics with Accounting.

Please note that the Bridging course for Mathematics is not available for applicants of the BSc Economics programme who intend to take it for exemption purposes.

Bridging module(s) will be offered based on the degree applied.

The average teacher-student ratio is 1:55 for full-time Bridging EMA, and 1:47 for part-time Bridging EMA.

View more course details (PDF 5.2 KB)
Download a sample timetable (PDF 74 KB)

Bridging courses and their corresponding RPL:

Bridging modules

RPL from UOL modules in

Economics

EC1002 Introduction to economics (full module)

Mathematics

MT105A Mathematics 1 (half module)

Accounting

AC1025 Principles of accounting (full module)

 

Notes:

  1. Min 25pax to start the course. The student shall be informed within one month before programme commencement.
  2. All bridging courses are 100% written exams that are set and marked by SIM lecturers. 
  3. Students must pass with at least a C grade (40%) in all bridging examinations to qualify for RPL.
  4. Fees do not include textbooks and application fee.

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Fees & Financial Aid

All fees inclusive of current 9% GST (exclude textbooks / course materials). The estimated overall fees are payable in instalments. The amount of each instalment is dependent on the number of modules undertaken for each semester and based on the following components:

  • SIM Programme Fees, UOL Module Fees and Exam-related Fees - Payable and calculated on a per module basis.


GST Notes:

  • Fees published are inclusive of current GST of 9%. The parts of fees not invoiced, not paid and where services are not rendered in year 2023 are subject to the new GST rates effective on 1 Jan 2024. Refer to IRAS website here for more details.
  • For invoice generated in 2023 for services to be rendered in 2024, if payment is collected by 2023, 8% GST will apply.
  • For invoice generated in 2023, if the payment is received in 2024 and service is rendered in 2024, 9% GST will apply. Credit note against original invoice and a new invoice bearing 9% GST will be issued.
  • For invoice generated in 2023 and service is rendered in 2023, if payment is collected in 2024 (i.e. late payment), 8% still applies.


View all payment modes

Programme Fees

Estimated Overall Fees (FT/PT)

Standard Entry BSc
(12 modules for 3 years)

Year 1: S$12,810
Year 2: S$12,930
Year 3: S$13,180

Total programme fee: S$38,920

Standard Entry BSc with exemption from 4 full modules
(8 modules for 2 years)

Year 2: S$12,810
Year 3: S$12,930

Total programme fee: S$25,740

Graduate Entry BSc
(9 modules for 2 years)

Year 1: S$12,810
Year 2: S$16,170

Total programme fee: S$28,980

Breakdown of Estimated Overall Fees

Payable to SIM

12 full modules: S$21,582.00
9 full modules: S$16,186.50
8 full modules: S$13,952.00

Payable to University of London (UOL)

UOL Application Fee (One-Time Payment): £65.40

  • UOL Module Fee (12 modules for 3 years): £8,632
  • UOL Module Fee (8 modules for 2 years): £5,614
  • UOL Module Fee (9 modules for 2 years): £6,332

Payable to Local Examinations Authority

Exam-related Fee

  • Exam admin fee (Per paper): S$213

Additional UOL and SIM fees apply for those who repeat/resit the coursework/exam and also for those who extend their registration with the University.

*The fees above are inclusive of the prevailing Goods and Services Tax.
While SIM fees do not fluctuate during a student's study period, the other fees to UOL and the exams authority are likely to increase each year.

Estimated Overall Fees (FT/PT)

Standard Entry BSc
(12 modules for 3 years)

Year 1: S$13,420
Year 2: S$13,540
Year 3: S$13,790

Total programme fee: S$40,750

Standard Entry BSc with exemption from 4 full modules
(8 modules for 2 years)

Year 2: S$13,420
Year 3: S$13,540

Total programme fee: S$26,960

Graduate Entry BSc
(9 modules for 2 years)

Year 1: S$13,420
Year 2: S$16,930

Total programme fee: S$30,350

Breakdown of Estimated Overall Fees

Payable to SIM

12 full modules: S$23,413.20
9 full modules: S$17,559.90
8 full modules: S$15,172.80

Payable to University of London (UOL)

UOL Application Fee (One-Time Payment): £65.40

  • UOL Module Fee (12 modules for 3 years): £8,632
  • UOL Module Fee (8 modules for 2 years): £5,614
  • UOL Module Fee (9 modules for 2 years): £6,332

Payable to Local Examinations Authority

Exam-related Fee

  • Exam admin fee (Per paper): S$213

Additional UOL and SIM fees apply for those who repeat/resit the coursework/exam and also for those who extend their registration with the University.

*The fees above are inclusive of the prevailing Goods and Services Tax.
While SIM fees do not fluctuate during a student's study period, the other fees to UOL and the exams authority are likely to increase each year.

S$850.20 per module for Bridging EMA
S$4,098.40 for two full modules in Bridging EMFSS

Mandatory Fees

All fees inclusive of prevailing GST.

Student Development Fee

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.

S$512.30

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 fee's first instalment.

S$436.00

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$109.00
International applicants: S$545.00 (not inclusive of Student’s Pass application)