Applied Mathematics and Economics Programme

Bachelor of Science (Honours) in Applied Mathematics and Economics

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 year of the programme focus on building students’ knowledge of fundamental mathematical and economic tools. Examples include mathematics for economists, statistics and principles of economics. 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 EVIEWS 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: 3 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 180 ‘A’ Level points for 3 ‘A’ level passes in subjects include Mathematics and two relevant subjects (normally include Further Mathematics, Economics, Accounting, Business, Computer Science, Physics, Chemistry, Thinking Skills, Sociology, Information Technology)

    OR

  • A minimum of 160 ‘A’ Level points for 2 ‘A’ level passes in subjects include Mathematics and one relevant subject (normally include Further Mathematics, Economics, Accounting, Business, Computer Science, Physics, Chemistry, Thinking Skills, Sociology, Information Technology)

    OR

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

    OR

  • A relevant Diploma at BDQF Level 5 or its equivalent with minimum CGPA of 1.6 out of 3, and Merit grade or higher in at least 60% of modules including Mathematics.

    OR

  • Relevant work experience and/or qualifications deemed to be equivalent to one of the above to be decided on a case by case basis by the school.

Programme Specification

  • Effective Communication
  • Melayu Islam Beraja
  • Introduction to Mathematics for Economics
  • Introductory Statistics
  • Principles of Economics
  • Principles of Mathematical Economics
  • Linear Algebra
  • Principles of Accounting
  • Principles of Management
  • Computational Mathematics I
  • Principles of Econometrics
  • Differential Equations
  • Mathematical Statistics
  • Computational Mathematics II
  • Advanced Microeconomics
  • Applied Econometrics
  • Islamic Economics
  • Operations Research
  • Advanced Macroeconomics
  • Research Methodology
  • Entrepreneurship
  • 6 Month Work Placement with Assigned Final Year Project

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).