Graduate Programmes of the Division of Economics School of Humanities and Social Sciences

1. Graduate Programmes of the Division of Economics School of Humanities and Social Sciences Nanyang Technological University

2. QS 2016 Ranking *

3. NTU Economics programme ranks 59th in QS 2016 ranking • NTU Economics programme ranks higher than • Maryland , Korea University, Manchester, Auckland, Illinois at Urbana-Champagne , McGill ,Nottingham , Copenhagen, Texas at Austin, John Hopkins, Stockholm, University of Southern California, Hitotsubashi , Western Ontario, Ohio State , Boston College, Leuven,  etc. • As a general rule, phd holders from the above universities not considered top choices for NTU’s assistant professors.

4. QS 2016 Ranking by subject: Economics and EconometricsSource: http://www.topuniversities.com/university-rankings/university-subject-rankings/2016/economics-econometrics#sorting=2626573+region=+country=+faculty=+stars=false+search=

5. Two Graduate Programmes in the Division of Economics 1. Master of Science in Applied Economics by course work 2. PhD Programme in Economics

6. Key Features of the MSc Programme • One-year intensive Master programme, launched in 2012. • Strong emphasis on econometric techniques useful for careers in the public and financial sectors. • Strong emphasis on building up research capability: • A course on Macro Forecasting requires each student to write an applied research term paper and present the research findings before the class. Each student will act also as a moderator for another student’s term paper. • Candidates who wish to strengthen their research capability further can elect to do an Applied Research Project, which trains students in undertaking applied economic research.

7. Key Features of the MSc Programme • ‘Real World Leadership Series’:In this series former ministers and ministers of state, permanent secretaries, and CEOs of industry are invited to share their perspectives on the world economy, market dynamics and public policy analysis with our candidates. • Contemporary  Issues in Economics:This is a year-long non-credit seminar series that aims to enrich candidates’ general knowledge of economic issues by exposing them to the wealth of research experience of our short-term visiting professors.

8. Key Features of the MSc Programme • Research Seminars:This series aims to strengthen the research capability of candidates by engaging professors who are not involved in the Applied Economics programme to present their research studies

9. Courses • First Trimester: • Quantitative Methods*, Applied Micro Economics*, and Behavioural Economics*, Money and Banking** • Second Trimester: • Applied Macroeconomics*, Applied Econometrics*, Financial Analysis*, Public Economics** • Third trimester: • Time Series Forecasting**, Economic Development and Growth*, Cost-Benefit Analysis*, Data Analytics**, International Macro Economics** • More half courses are offered when we have visiting professors at the Division Note: * = full course, ** = half-course

10. Big data: The next frontier for innovation, competition, and productivity • The amount of data in our world is exploding, and analyzing large data sets—so-called big data—will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus, according to MGI and McKinsey's Business. • Areas of application: to predict events and usage in (1) Sports, (2) consumer behaviour, (3) usage of medical facilities, (4) environment ultilization, (5) disaster damage, (6) traffic usage, (7) energy usage, (8) price movement , (9) economic and financial behavior, etc. (Source: Report McKinsey Global Institute) • The aim of Applied Economics is to teach Applied Econometrics in predicting movement of key variables based on economic behavior. We teach economic and financial behavior. Once you know this, you can do the rest.

11. MSc in Applied Economics • Tuition Fees: The tuition fee for international candidates is S$25,000 for one year (three trimesters). Successful applicants are required to pay an enrollment fee of $500 upon registration. This enrollment fee can be used to offset the first trimester’s tuition fee. • Admission Requirements: • Candidates should have a good honours degree in economics. Candidates who do not have a degree in Economics will be considered provided they have a good honours degree in other disciplines and a strong quantitative background. • TOEFL Internet based score of 88/IELTS score of 6.5

12. MSc in Applied Economics • On-line applications • Two full-time intakes a year in July and November. • Deadlines for applications: For intake starting in July, deadline is March, and for intake starting in November, deadline is July. • In the presentation, we will show the first job of the MSc graduates • Website: http://www.msae.hss.ntu.edu.sg

13. What has been the first job of our MSc graduates? • Decision making at high institutional level • Applied Analyst • Research Analyst • Pursue PhD studies • Will show the first job of our MSc graduates in the presentation

14. PhD (Economics) Programme • One of 9 PhD/MA programs by research. • A rigorous high quality programme. • Admits only highly qualified candidates. • Only a relatively small number (5-6) of applicants admitted each year. • All successful applicants are awarded a full scholarship • Stipend $S2000-2500 per month). • All candidates are required to pass a course on small-group teaching. • Completion of this course qualifies them to be a tutor of an undergraduate course → increase in monthly stipend by $500.

15. Pre-requisites: • First degree in Economics with at least second-upper honours; A strong background in quantitative methods; Good GRE and TOEFL (or IELTS) scores.

16. First year of study: • Coursework: Six PhD level courses over two semesters (technical and theory courses). Students must maintain an average grade of B. • Formation of Thesis Advisory Committee. • Upon completion of 12 months of study: • Confirmation exercise: Presentation of in-depth literature review for their research topic.

17. Upon completion of thesis: • Appointment of examiners • Submission of thesis • Examination of thesis (2 internal and 2 external examiners). • After comments of external examiners have been received: • Candidate makes the required amendments to the thesis • Candidate undergoes an oral examination.

18. Placement • The PhD programme has a history of successful placements of our graduates: • A good proportion of our graduates succeed in finding academic jobs in countries such as England, Australia and China. • Others have found job placements in research institutions, such as the ECB.

19. Job Placements of PhD Graduates • Chinese University of Hong Kong • University of Aberdeen, Scotland • La Trobe University, Australia • RMIT Ho Chi Minh City • Auckland University of Technology, New Zealand • Renmin University, China • Peking University, China • University of Macau, China • SIM University, Singapore • Temasek Holdings, Development Bank of Singapore, Singapore • China Citic Bank, China • Manulife, Canada

21. Overall strength of program • Strong technical training is provided in the quantitative fields through courses such as Mathematical Economics, Econometrics • Small group teaching ensures more individual attention to the candidates • The strength of our PhD programme is also the result of attracting very strong applicants (one contributing factor being that they all receive scholarships) • Hence our graduates are attractive in the academic labour market.