Introduction

The Applied Mathematics and Economics (AME) programme is a blend of mathematics and  economics to provide the quantitative tools necessary for modern economic analysis and mathematical applications. The combination of both provides variety of important applications such as optimisation, operational research, predicting and  forecasting of economic and financial health. The study involves developing problem-solving skills and applying them in financial and economic sectors for developments. Skill and knowledge gained from the study can be used to solve a broad range of issues related to economic development and financial crisis. For instance, statistical modelling of economic relationships and the effective use of the methods of testing of hypotheses to real-time data can be a solution to those issues.

The first two years of the programme focus on building students’ knowledge of fundamental mathematical and economic tools. Examples include optimisation, linear algebra, microeconomics, macroeconomics and econometrics. The latter years of the programme take these skills to an advanced level through the application of modern-day problem-solving techniques. Students will graduate with competence in a number of software packages including STATA and MATLAB. This programme will thus aim to prepare students to make a strong contribution to the workforce.

Upon successful completion of this programme, graduates are able to:

  • Use the knowledge acquired in their profession at various management levels or specialised areas.
  • Explain the knowledge and skills gained in mathematics and economics using computer technology effectively.
  • Apply the acquired knowledge and skills in mathematics and economics to promote economic growth.
  • Communicate effectively the applications of mathematics and economics to uplift the society’s knowledge level.
  • Make use of mathematical methods in economics related data for decision making with strong ethical standards.
  • Employ the mathematical tools and apply the economics theory to understand, analyse and resolve the relevant society’s issues.
  • Develop efficient and economic work plan to achieve the targets timely.

Course Offered

Bachelor of Science (Hons) in Applied Mathematics and Economics

Programme length: 4 years

Programme Aims

The aims of the programme are to:

  • To lay a strong foundation on the fundamental concepts of mathematics and economics.
  • To provide a thorough knowledge in the current areas of applied mathematics and economics for responding positively to the future changes in technology.
  • To impart analytical and computational skills through several kinds of learning environments for developing self-thinking and analysing capabilities.
  • To create awareness on the expected ethical standards and social responsibility for developing the personal qualities that are essential in the global arena.

Careers and Further Studies

Graduates from this programme can find employment in wide range of commercial sectors. They can be employed as system analysts, economic analysts or computer programmers. Graduates can be employed in the government or private sectors such as treasury, banks, insurance companies or any other departments that require mathematics and economics skills. The degree also provides a platform for entrepreneurship and/or further study at postgraduate level. Applied mathematics skill and knowledge have high social value and can also be used in other applications, e.g. computer science, actuarial science, city planning, climate science, and so on.

Minimum Entry Requirements

Applicants for admission to first degree programmes must satisfy the following minimum entry requirements:

  • At least a Credit Six in the Malay language at GCE Ordinary Level (applicable only for Bruneians applying for a Government Scholarship).
  • At least a Credit Six in Mathematics at GCE Ordinary Level or its equivalent.
  • At least a Credit Six in English Language at GCE Ordinary Level or an IELTS score of 6.0 or TOEFL minimum overall score 550 or its equivalent.
  • Programme Entry Requirements

Programme Entry Requirements

The minimum admission requirements for this programme are:

  • A minimum of 200 ‘A’ Level points for 3 ‘A’ level passes in subjects include Mathematics and two relevant subjects (include Economics, Accounting, Management of Business / Business Studies, and Computer Studies)

    OR

  • A minimum of 180 ‘A’ Level points for 2 ‘A’ level passes in subjects include Mathematics and one relevant subject (includes Economics, Accounting, Management of Business and Computer Studies)

    OR

  • An International Baccalaureate Diploma score of 24 points from relevant subjects at standard level including Mathematics and one subject (includes Economics, Business Management and Computer Science)

    OR

  • A relevant BTEC/BDTVEC Higher National Diploma or its equivalent with a minimum of merit grades in 60% of modules including Mathematics and Economics.

    OR

  • Standard admission requirements for mature candidates as prescribed by UTB apply.

 

Programme Structure

Bachelor of Science (Honours) Applied Mathematics and Economics

Year

Sem

Module Code

Module Title

Credit

Value

I

1

LG1405

Melayu Islam Beraja

10

LG1401

Effective Communication

10

SM1103

Introduction to Mathematics for Economics

20

SM1104

Introductory Statistics

10

BE1101

Principles of Microeconomics

10

Total CV

60

2

LG1402

Professional Communication

10

SM1105

Principles of Mathematical Economics

20

SM1106

      Linear Algebra

10

BE1102

Principles of Macroeconomics

10

 

Environment, Leadership and Technoprenuership and Social Innovation

10

Total CV

60

II

3

SM2201

      Differential Equations I

10

SM2202

Computational Mathematics I

10

SM2203

Principles of Econometrics

20

BE2102

      Business Strategy, Ethics and CSR

20

Total CV

60

4

SM2204

Optimization Techniques

10

SM2205

Computational Mathematics II

10

SM2206

Applied Econometrics

10

SM2207

Advanced Microeconomics

20

BE2452

Islamic Economics

10

Total CV

60

III

5

SM3201

      Data Mining Techniques

10

 

      Non-programme specific module

10

SM3202

      Advanced Macroeconomics

20

SM3203

      Mathematical Transforms

10

BM3101

      Research Methodology

10

Total CV

60

6

SM3204

Work Placement

60

Total CV

60

IV

7

SM4201

Operations Research

20

SM4202

Differential Equations II

10

SM4203

Time Series Econometrics

10

SM4204

Final Year Project

10

BM4212

Management of Technology and Innovation

10

Total CV

60

8

SM4204

Final Year Project

30

 

Elective I (Mathematics)

10

 

Elective II (Economics)

10

BE4255

International Economics

10

Total CV

60

Total Programme CV

480

Elective Modules

  

Mathematics Elective Modules for Semester 8

SM4301

Applied Geometry

10

SM4302

Mathematical Logic

10

SM4303

Numerical Analysis

10

SM4304

Mathematical Statistics

10

Economics Elective Modules for Semester 8

SM4305

Financial Econometrics

10

SM4306

Game Theory

10

BE4256

Corporate Finance

10

BE4257

Investment and Portfolio Management

10

 

Accreditation

AME programme has been designed in order to obtain accreditation from the Accreditation Board for Engineering and Technology (ABET) (Applied Sciences Unit) and/or Foundation for International Business Administration Accreditation (FIBAA).

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