Bachelor of Science (Honours) in Economics 

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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 Headquarters

Application Dates
Application Dates

Now till 1 Aug 2023 (local and international applicants)

Estimated Fees (incl. GST)
Estimated Fees

(incl. GST)*

S$23,200 to S$35,400

* 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.

Programme Outline

Awarded & Developed by: University of London, UK and Developed by the Member Institution, 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 (SIM): 83.8%

*Based on the SIM Graduate Employment Survey 2020/21 conducted by Media Research Consultants on the 2020 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. 

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 lower tuition costs in SIM, with opportunities for overseas exchange.

uol-curriculum-is-by-lse

Curriculum is by LSE, 6th globally in the 2021 QS World University by Subject Ranking for Economics and Econometrics.  

Learn more about the University of London

Intake Dates

2023 Aug intake 

PROGRAMME DURATION

Aug 2023 to Jun 2026 (3 years) 

APPLICATION PERIOD

Now till 1 Aug 2023 (local and international applicants)

Early submission of eApplication is strongly recommended. 

2023 Sep intake 

PROGRAMME DURATION

Sep 2023 to Jun 2026 (3 years) 

APPLICATION PERIOD

Now till 1 Aug 2023 (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

  • Face-to-face 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’ teaching modules (PDF 405 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 & Attendence

  • Assessment by the University is made up of annual examinations and coursework (for selected modules).  
  • Completion of class tests, assignments and preliminary exams are highly encouraged in preparation for the University’s annual exams. 
  • 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: 
    • SIM Preliminary Exams: Feb 2023 
    • University Exams: May – Jun 2023 
    • Results released: Mid-Aug 2023 
  • 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 may opt to participate in the presentation ceremony on SIM campus in April or the University of London (UK) in March. 

Modules

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

200 and 300 modules
5. ^ EC2020 Elements of econometrics (EC1002) + (ST104A) + (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:

  • 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

Learn more about selection groups (PDF 659 KB)

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 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. ST104A Statistics 1 (half module) and **ST104B Statistics 2 (half module)
3. MT105A Mathematics 1 (half module) and ***MT105B Mathematics 2 (half module) or MT1186 Mathematical methods

200 and 300 modules
4. ^ EC2020 Elements of econometrics (EC1002) + (ST104A) + (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:

  • 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

Learn more about selection groups (PDF 659 KB)

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 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 2021-2022 modules offered at SIM (PDF 659 KB)

View modules information (PDF 151 KB)

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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

 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

Download the University of London prospectus (PDF 5.4 MB)

*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 and 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 and better  
  • Malaysia UEC Maths passed at Grade C8 and 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.

View eligible exemptions (PDF 7.9 MB)

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$834.60 per module, inclusive of 7% GST

Course Dates:  

  • Economics and Mathematics: Jun – Jul 2023 (FT / PT)
  • Mathematics and Accounting: Jul – Aug 2023 (FT only)

 
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.

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 48 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 set and mark 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 are 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.

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 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.


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

Programme Fees

Estimated Overall Fees (FT/PT)

Standard Entry BSc
(12 modules for 3 years)

Year 1: $12,400
Year 2: $10,900
Year 3: $10,900

Total programme fee: $34,200

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

Year 2: $12,300
Year 3: $10,900

Total programme fee: $23,200

Graduate Entry BSc
(9 modules for 2 years)

Year 1: $12,400
Year 2: $13,400

Total programme fee: $25,800

Breakdown of Estimated Overall Fees

Payable to SIM

12 full modules: $20,544.00
9 full modules: $15,408.00
8 full modules: $13,696.00

Payable to University of London (UOL)

UOL Application Fee (One-Time Payment): £107
UOL Initial Registration Fee (Year 1): £1,214*
UOL Continuing Registration Fee (per Year 2 and 3): £554*

Payable to RELC Examinations Bureau

UOL Examination Fee**

  • BSc, 12 full modules: $9,400
  • BSc, 9 full modules: $7,000
  • BSc, 8 full modules: $6,200

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.

*These are estimated amounts as UOL and RELC fees are subject to exchange rate fluctuations, Singapore taxation and annual increase.
** The UOL examination fee is payable in S$ to the RELC Examinations Bureau and subject to yearly increase.

Estimated Overall Fees (FT/PT)

Standard Entry BSc
(12 modules for 3 years)

Year 1: $12,800
Year 2: $11,300
Year 3: $11,300

Total programme fee: $35,400

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

Year 2: $12,700
Year 3: $11,300

Total programme fee: $24,000

Graduate Entry BSc
(9 modules for 2 years)

Year 1: $12,800
Year 2: $13,900

Total programme fee: $26,700

Breakdown of Estimated Overall Fees

Payable to SIM

12 full modules: $21,699.60
9 full modules: $16,274.70
8 full modules: $14,466.40

Payable to University of London (UOL)

UOL Application Fee (One-Time Payment): £107
UOL Initial Registration Fee (Year 1): £1,214*
UOL Continuing Registration Fee (per Year 2 and 3): £554*

Payable to RELC Examinations Bureau

UOL Examination Fee**

  • BSc, 12 full modules: $9,400
  • BSc, 9 full modules: $7,000
  • BSc, 8 full modules: $6,200

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.

*These are estimated amounts as UOL and RELC fees are subject to exchange rate fluctuations, Singapore taxation and annual increase.
** The UOL examination fee is payable in S$ to the RELC Examinations Bureau and subject to yearly increase.

S$834.60 per module for Bridging EMA
S$4,023.20 for two full modules in Bridging EMFSS

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.

S$251.45

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.

S$428.00

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$96.30
International applicants: S$481.50 (not inclusive of Student’s Pass application)