Economics at Yale-NUS covers a breadth of methodologies and topics that intersect with fields like computer science, environmental studies, history, political science, psychology, and sociology. The major boasts an impressive faculty with numerous teaching and research awards.
DurationEconomics is a social science that provides a strong mix of analytical and quantitative skills, and opens opportunities in a wide array of fields in both the private and public sectors.
Reflecting this breadth as a discipline, it touches upon nearly every aspect of human activity and behaviour, as well as their relation to the wider world. At its heart, it provides a basic toolkit for the analysis of and engagement with the most pressing issues of our time.
To some extent, economics is the science of everyday life. It is the study of how households, individuals, firms, and governments make decisions and how institutions, markets, and societies allocate scarce resources. It is also now a heavily empirical area of study, interacting with the frontiers of computer science, data science, and statistics.
As such, it equips students with the tools to analyse “big” questions in the social sciences:
Has globalisation gone too far or not far enough?
How best to forestall climate change or mitigate its effects?
What are the appropriate policy responses to discrimination in all its forms?
What are the drivers of and solutions to inequality, both across and within countries?
What is the role of institutions and their persistence in explaining present-day outcomes?
Many Economics majors find positions in banking and finance, consulting, and start-ups while others now serve as advisers to policymakers, analysts of various stripes, and NGO leaders. Another natural path is entering graduate school in economics, which is the training ground for leading roles in academia, central banks, international institutions, and increasingly technology companies.
It is also possible to switch from economics and attend graduate school in many other fields. Economics provides a strong background for further studies in business, law, public administration/health, and transportation/urban studies.
Economics at Yale-NUS
Economics at Yale-NUS covers a breadth of methodologies and topics that intersect with fields like computer science, environmental studies, history, political science, psychology, and sociology. The major boasts an impressive faculty with numerous teaching and research awards.
Their research interests are richly diverse, but with strengths in applied microeconomics, development economics, econometrics, economic history, environmental economics, and international economics. Their geographical expertise spans the global macroeconomy, but with special interest in East, South, and Southeast Asia.
Careers in Economics
Our alumni have gone on to pursue exciting positions in government and industry. The list below gives a sense of the wide range of careers our alumni have pursued after graduation:
Enterprise Singapore
Singapore Ministry of Manpower
Monetary Authority of Singapore
Apple
Goldman Sachs
McKinsey
In addition, our students have gone on to graduate schools such as the London School of Economics, University College London, and the Yale School of Management.
Requirements for a Major in Economics
The Economics major requires students to complete 54 Units including a capstone project that is worth 10 Unit. The rest of the 44 Unit are obtained through coursework that must include one gateway course, three required courses, and at least one advanced course as specified below. In addition to YSS1203 Principles of Economics, at most one other course at the 1000 level can be counted towards the 44 Unit requirement.
Gateway Course
YSS1203 Principles of Economics:this course is designed to serve as an introduction to economics for prospective majors as well as for non-majors interested in economics.
Preclusions: If a student has completed A-level Mathematics AND A-level Economics (or equivalent courses in high school), then the student is not allowed to take Principles of Economics.
Note: Students who do not take Principles of Economics (either because they are precluded by or because they have done A-level (equivalent) Mathematics and prefer to enrol in Intermediate Microeconomics) must take an additional Economics elective to fulfil the 44 Unit requirement.
Required Courses
YSS2211 Econometrics
YSS2214 Intermediate Macroeconomics
YSS2203 Intermediate Microeconomics
Advanced Courses (at least one of the following)
YSS3203 Behavioral Economics
YSS3207 Advanced Econometrics
YSS3248 Advanced Macroeconomics
YSS3208 Advanced Microeconomics
YSS3264 Bubbles, Crises, Crashes and Panics
YSS4227 Topics in Applied Econometrics
YSS4258 Asset Pricing, Financial Markets & Behavioral Finance
Capstone
YSS4104 Capstone I
YSS4104 Capstone II
Elective Courses
Economics offers electives in two categories: Applied Economics and Core Courses. These categories reflect the nature of the courses that fall within them. Applied Economics courses apply the insights of data analysis and economic theory to a wide range of topics.
Core Courses are more theoretical – and thereby, more mathematical – in their orientation. Students who wish to pursue a Master’s and PhD in Economics are highly encouraged to take these courses.
In addition to gateway and required courses, students must choose a sufficient number of elective courses to satisfy the 44 Unit requirement. It is not necessary that all these courses belong to one category or another.
What is more important is that any particular combination of courses should prepare students for their capstone and their career ambitions. Students are highly encouraged to discuss their respective choices with their faculty advisors and the Head of Studies.
Generally, elective courses have one or more of the required courses above as prerequisites. Therefore, it is highly advisable that students in the major complete the three required courses early in their undergraduate studies.
Please check with the course instructor regarding the specific prerequisites before signing up for any elective course.
Economics Minor
Students who wish to minor in Economics are required to complete five full semester Economics courses including:
Principles of Economics
Intermediate Microeconomics
Intermediate Macroeconomics
Econometrics
The fifth course may include any other course in the Economics major
Students who do not take Principles of Economics because they:
(1) are precluded from that course or
(2) have done A-level (equivalent) Mathematics and prefer to enrol in Intermediate Microeconomics must take another economics course to fulfil the five-course requirement of the Economics minor.
Established in 2011, through a partnership between Yale University and the National University of Singapore, Yale-NUS College is a leading liberal arts and sciences college in Asia, with a residential programme that integrates living and learning.
Drawing on the resources and traditions of its founding universities, a Yale-NUS education promotes broad-based interdisciplinary learning across the natural sciences, social sciences and humanities complemented by depth of expertise in one’s major.
Engagement with Yale
One of the oldest and most storied institutions in North America, Yale University exemplifies the best traditions of liberal arts education and residential college living. As one of our co-founding partners, Yale offers close collaboration with faculty and unparalleled opportunities for students.
Engagement with NUS
Yale-NUS is nestled within the verdant grounds of University Town, a sustainably designed space at Asia’s leading university, the National University of Singapore (NUS). Students benefit from the close-knit community and personalised learning of a small college while enjoying the advantages of being located within a world-class research institution.
Vision
A community of learning,
Founded by two great universities,
In Asia, for the world.
Mission
Yale-NUS College, a residential college located in Singapore, aims to redefine liberal arts and science education for a complex, interconnected world.
Founded by two great universities
An intimate liberal arts college, dedicated to undergraduate education, Yale-NUS draws on the resources and traditions of two great universities. We pursue excellence through innovative teaching and research, and we provide global opportunities for our students.
In Asia
Our location at the crossroads of Asia informs our pedagogy. Drawing on active modes of learning associated with American liberal arts education, we introduce our students to the diverse intellectual traditions and cultures of Asia and the world.
For the world
We educate citizens of the world and uphold the principles of free exchange of ideas, pluralism, and respect for diversity. Our extra-curricular and residential programmes support student learning and encourage an ethic of service. By our example, we seek to spur innovation in higher education across the globe.
Who We Are
At Yale-NUS, we seek to inspire innovation in higher education across the globe. Through open inquiry and scholarly exploration, we delve into enduring disciplinary concerns and develop creative interdisciplinary approaches to problem solving. As a community, we aim to provide every member with a transformative experience by encouraging habits of the mind (such as creativity, curiosity and critical thinking) and character (integrity, professionalism and ethic of service).
Central to the transformation process is our engagement with diverse modes of enquiry and a commitment to challenge our assumptions.
Our Values and Commitments
Transformation
We strive to be a centre for quality scholarship and continual learning that makes a positive difference in the world.
Exploration
We are firmly committed to open inquiry and academic freedom.
Respect
We are committed to providing a challenging yet supportive learning and working environment for all community members.
Inclusivity
We are committed to diversity and celebrate our differences and our unique perspectives.
Care
We are committed to caring for ourselves, our community and the environment.
The Bachelor of Economics empowers students with the knowledge of managing the economy through a vigorous understanding of the transactional links from individuals to businesses to larger societies and nations.
The Philosophy, Politics and Economics (PPE) major offers students an integrated understanding of the world by equipping them with the skills to investigate connections among economic, political, philosophical, and ethical phenomena.
SP Jain's Bachelor of Economics (BEC) is a 3-year full-time undergraduate program that gives students an in-depth understanding of economics in a global context.
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.
Upon completion of the programme, graduates will have better understanding of the workings of the economy in the modern world, and a grasp of fundamental principles of economic analysis.
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