Master of Science in Applied Economics


Faculty of the Programme

Core Course Instructors for the 
MSc Applied Economics Programme

​Instructors ​Course Description
Prof Euston Quah

​​​AE6304 - Cost Benefit Analysis and the Environment (3AUs)
This course will help the candidates to evaluate public sector projects and policies more q​uantitatively and hence more accurately. The first part of the course examines the theoretical foundations of cost benefit analysis. Specific issues include investment criteria for the public sector, risk and uncertainty, impact on income distribution, shadow pricing, positive and negative externalities, and the social rate of discount. The second part of the course centres on the application of cost benefit analysis to a number of case studies.

​Prof Chew Soon Beng
AE8202 - Seminar Course on the Singapore Economy (1.5AUs)
​​The course is a study of Singapore economic policies - their rationale, their design and what they have achieved. Topics include economic development, economic stabilisation, monetary and fiscal policies, privatisation and liberalisation, manpower and labour market, social security and regionalism, etc.

Journal articles


1.       ​Chen Jiahong, Hung Mingchou, Iek Wanying Teresa and Chew Soon Beng (2017), “ Factors affecting export competitiveness of Singapore’s Manufacturing Sector: A Regression Analysis”, Review of Pacific Basin Financial Markets and Policies. Forthcoming.

2.       Ryan Thomsasz,  Jeremy Chua,  Melissa Lim and Chew Soon Beng (2017) ,” How globalization affects Singapore’s Unit labour cost in the manufacturing sector, International Journal of globalization and Business . Forthcoming.

3.      Chew Soon Beng and Tang Yang (2016), “Cost-Benefit Analysis of Union Membership without Collective Bargaining Benefits”, Singapore Economic Review, June, Issue, No. 03, 2016. 1640019-1 to -14

4.       Huang Wei-Quan, Jeffrey, Chia Hui-Ching, Soh Huang-Chi and Chew Soon-Beng (2016), “Determinants of Corporate Social Responsibility of A Social Enterprise: An Empirical Analysis”,  Review of Pacific Basin Financial Markets and Policies,  Volume 19 Number 3 (September 2016 issue).

5.       Chew Soon Beng (2014), “China's Union Strategy at the Crossroads,” China Economic Policy Review Vol. 3, No. 1, 1550005 (16 pages)

6.     Chew Soon Beng (2014), “Influence of Trade Unions on Economic Strategy: The case of Singapore”, Singapore Economic Review, Vol 59, No.4, 1450035 (13 pages)

7.        Yao Shuntian and Chew Soon Beng (2014),”A Mathematical Model of a Macro-Focused Labour Union”, Singapore Economic Review, Vol 59, No 4,  1450035 (10 pages)

8.      Chua Sin-Chet, Lim Yun-Wen, Ter Teng-Teng and Chew Soon Beng  (2014), “Efficiency Wage Theory: Evidence for Singapore Manufacturing Sector”, Singapore Economic Review, 2014, vol 59, no 3, 145002 (12 pages)




CHEW Soon Beng (2017),  Labour Economics and Public Policy: Managing Labour Markets for Competitiveness by  World Scientific Publishing Company​


Assoc Prof Low Chan Kee

AE6207 - Quantitative Methods (3AUs)
This course will cover the following topics; Matrix Algebra, Optimization methods, Probability, Discrete type distributions, Continuous distributions, Sampling distribution theory, Hypotheses testing and Multivariate distributions, etc.

AE8218 - Data Analytics (1.5AUs)

This course will improve our students' ability in handling econometrics and employability for jobs which require econometrical modeling. 

Assoc Prof Yohanes Eko Riyanto
AE8204 - Behavioural Economics for Policy Analysis (1.5 AUs)
ioural economics is an exciting new field within economics. Behavioural economics challenges some of the basic assumptions of traditional economics about human economic behaviour and incorporates insights from other disciplines such as psychology and sociology. New insights derived from more realistic assumptions about human behaviour will enable the policymaker to better formulate and evaluate economic policy.

​Assoc Prof Chia Wai Mun

AE8220 - International Macroeconomics (1.5 AUs)
This course is introduced to complement AE6102 Advanced Macroeconomic Theory. Some open economy features are added into macroeconomic models to help students to develop better understanding of the main implications of the increasingly integrated world economy. Providing students with an up-to-date and understandable analytical framework for illuminating the evolution of global monetary and financial events and debates.

Assoc Prof James Ang

AE6312 - Economic Growth and Development (3 AUs)
This course explores developments in the analysis of economic growth and introduces current debates on evidence and policy relevant to the growth performance. It covers a wide range of topics, including population, education, health, technology, inequality, geography, and growth econometrics, among others.This course therefore provides an understanding of why some nations are rich and others poor, and why some countries grow quickly and others slowly. It is important for our students to develop the skills in evaluating the impact of some public policies on a country's long run growth.

​Asst Prof Giovanni Ko

AE8215 - Public Economics (1.5 AUs)
The course provides an in-depth introduction to the economics of public sector policy, government expenditure and taxation. The candidate will acquire a more systematic understanding of the public sector’s role in market economies, including the size and theories of the public sector, market failures and the limits of competitive equilibrium, free-riding in public goods provision, the problem of and remedies for externalities, imperfect competition and industry regulation, tax incidence and fiscal competition, as well as the economics of public sector and public goods financing.

Asst Prof Tang Yang

AE6101 - Advanced Microeconomic Theory (3 AUs) 
This course explores the fundamentals and methodology of modern microeconomic analysis. The course covers economic theories and models that describe consumers, firms and markets. Specific topics include consumer behaviour, production and cost, government intervention, market structure, elements of game theory, externalities, public goods, as well as information theory.

Dr Wang Wei Siang
AE6103 - Applied Econometrics (3 AUs)
This course covers econometric techniques which are useful for microeconometric modeling. Issues relating to estimation and testing of a range of models for analysing microeconomic data are discussed. The methods are illustrated with applications taken from consumer theory, labour markets, finance and other areas of economics. Topics covered include panel data and count data models, limited dependent variables, discrete choice models and duration analysis. The course will provide hands-on experience for the use of computer software. Students who take this course are not allowed to take AE6104.