Your Everything Guide to Economics
Duration
3 - 4 years
Average Salary
MYR 3,000 - 7,000
Average Fees
MYR 30,000 - 180,000
Job Demand
Want to know more? Find out everything you need to know about studying Economics in Malaysia.
You’re the right fit for this course if you:
Want to understand how economies work
Enjoy problem-solving and working with data
Want to work in finance, banking or business
#1 Basics of Economics
a) What is Economics ?
Economics is the study of how societies allocate resources to meet the needs and wants of people. It involves analysing market trends, understanding policies and predicting economic behaviour to drive decision-making in business and government.
b) Economics Paths to Shape Your Career
Macro Economics
Micro Economics
Financial Economics
International Economics
| Field | Description |
|---|---|
| Macro Economics | Study national economies and global economic trends |
| Micro Economics | Focus on individual markets, firms and consumer behaviour |
| Financial Economics | Specialise in financial markets, investment and risk management |
| International Economics | Analyse global trade, finance and economic relations |
c) AI’s Role in Economics
Will AI Replace Me?
- No, AI Won’t Replace You - It Will Empower You:
AI will enhance your ability to analyse data, forecast trends, and make decisions efficiently. While it automates tasks, economists remain crucial in interpreting data, advising on policies and understanding economic systems. - How You and AI Can Work Together:
AI boosts economics by streamlining data analysis, building predictive models and simulating policy impacts. It automates repetitive tasks like data cleaning, letting you focus on strategic decisions. - Future-Proofing Your Career:
Embrace AI tools to stay ahead in the field. Learning how to integrate AI into your work will give you an edge in an increasingly data-driven economic landscape.
#2 Navigating Your Academic Journey
a) Entry Requirements & Qualifications
| Pathway | Requirements | Next Steps |
|---|---|---|
| Pre-university | SPM, ideally with credits in Maths, Economics and English | Pursue a Bachelor’s Degree in Economics. |
| Degree | Completed Pre-University/Foundation with a minimum CGPA in relevant subjects | Career in financial analysing, policy advising or researcher. Postgraduate Diploma, Master’s, Phd. |
| Post-graduate | Bachelor’s Degree in Economics | Specialise in areas like financial economics or international trade. |
b) What You Will Study in Economics
You’ll focus on core subjects to build a strong foundation. These subjects include:
Microeconomics and Macroeconomics
Statistical Methods and Data Analysis
Principles of Finance
Economic Theories and Models
c) Key Skills for Economics
Here are some key skills that will help you succeed in an Economics course:
Don’t worry if you’re still developing these skills — an Economics degree will help you build them along the way!
Just be prepared for the journey ahead.
#3 Career Options For You
a) Top Career Paths
Once you’ve completed your degree, a variety of career paths open up to you, including:
Economic Analyst
Policy Advisor
Financial Analyst
Investment Banker
Industry Insights
Economists are in demand in both public and private sectors. With globalisation and the rise of digital economies, opportunities in financial services, government agencies and multinational corporations are expanding.
b) Top Recruiters in Malaysia
Curious about where a career in Economics could take you? Discover some of the top recruiters in Malaysia:
Maybank
PwC
ExxonMobil
Research institutions and universities
#4 Other Courses
Don’t think Economics is for you? Check out these courses in Malaysia and find out the perfect path for your future in Accounting & Business!
FAQ's
What are the entry requirements for an Economics degree in Malaysia?
To pursue a Degree in Economics, you’ll need to have completed SPM (or its equivalent) and a pre-university programme. The requirements needed to pursue an Economics Degree are as follows:
- A-Level: Minimum 2Ds
- STPM: Minimum 2Cs
- Diploma: Minimum CGPA of 2.00
- Foundation in Arts or Foundation in Business: Minimum CGPA of 2.00
Additionally, you will also need a minimum of 3 credits in SPM, including a pass in Mathematics and English.
Is being good at mathematics a requirement to pursue an Economics degree?
Economics is often seen as a highly mathematical subject. While quantitative courses are a common part of the curriculum, students should be comfortable with mathematical concepts. A solid foundation in mathematics is essential for data analysis, trend forecasting and interpreting economic models. Most importantly, a strong economist is someone who looks at a set of numbers and is eager to uncover the story behind them, rather than feeling intimidated by data.
Is an economics degree in demand?
The strong mathematical, quantitative, and analytical skills gained through an Economics degree are highly sought after in the job market, making it one of the highest-paying degrees available.
How much does an Economics degree cost in Malaysia?
Tuition fees may vary based on the university and specific course structure. For those who want to pursue an Economics degree in top universities like Universiti Malaya (UM), University of Nottingham Malaysia or Universiti Putra Malaysia (UPM), the average fees are RM61,852 for the entire 3 to 4-year programme.
Can I work in government agencies with an Economics degree?
Yes, an Economics degree is highly versatile, offering graduates the flexibility to pursue a diverse range of careers. Many find opportunities in influential roles, particularly in shaping policies at government agencies like Bank Negara Malaysia (BNM), Ministry of Finance, Malaysia Digital Economy Corporation (MDEC), Institute of Strategic and International Studies (ISIS Malaysia) or Khazanah Nasional. This broad career scope makes Economics a valuable and in-demand field of study in Malaysia.
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