Study Economics Courses in Malaysia
Economics Courses in Malaysia are an interesting field that allows students to develop their careers in various fields. Studying economics in Malaysia offers access to a wide range of options, from understanding global economic trends to addressing regional issues such as poverty and development. Malaysia is a strategic location, so in this country, there are many universities that offer this course, such as UPM, UNITEN, Taylor’s, Southampton, Nottingham, Lincoln, and many more.
These programs prepare students for professions in banking, policymaking, research, and other fields by giving them exposure to real-world economic issues, practical knowledge, and analytical abilities. Malaysia is a great place to study economics, regardless of your interests in examining the dynamics of international trade or resolving social issues.
What is Economics?
At its most basic level, economics deals with the distribution of limited resources. Economics examines how governments, corporations, and individuals use and distribute resources to meet their needs and desires since resources (such as money, goods, and services) are finite.
Economics is a part of almost every aspect of our lives. For instance, because of the strong demand for their services (this is known as supply and demand), you can anticipate paying more if you’re looking for services like Grab during peak hours. Because some passengers are ready to pay these costs, this could encourage Grab drivers to drive despite the heavy traffic. This is another topic from economics: incentives.
Macroeconomics and microeconomics are the two primary subfields of economics.
While microeconomics is a more focused study of macroeconomics, macroeconomics is the study of the economic activities of a market or nation as a whole. Microeconomics is the study of the interactions between people and industries.
Best Economics University in Malaysia
Universiti Putra Malaysia (UPM)
Universiti Pendidikan Sultan Idris (UPSI)
UNITEN (Universiti Tenaga Nasional)
Multimedia University (MMU)
University Kuala Lumpur (UniKL)
Taylor’s University
Xiamen University Malaysia
University of Southampton Malaysia (UoSM)
Nottingham University Malaysia
Management and Science University (MSU)
UCSI University
Universiti Tunku Abdul Rahman (UTAR)
TAR UMT (Tunku Abdul Rahman University of Management and Technology)
UNIRAZAK University
Infrastructure University Kuala Lumpur (IUKL)
Lincoln University (LU)
Kings University College
Economics Courses in Malaysia Requirements
Qualifications:
- Senior High School Certificate (SHSC), High School Certificate (HSC), or Grade 12 with specific grades (e.g., B+ in Mathematics)
English Proficiency:
- IELTS (Academic) score of at least 6.0, TOEFL iBT score of at least 90, or equivalent qualifications.
Other Requirements:
- GCE A-Level with specific grades in relevant subjects.
Note: In some university’s entry requirements may be higher or lower. Make sure that university entry requirements carefully.
What Will You Study in Economics?
A degree in economics is intended to give you a wide variety of information and abilities in the financial and economics sectors.
In your first year, you are usually introduced to the fundamentals of corporate accounting, finance, macroeconomics, and microeconomics. Typical subjects taught in the first year of an economics degree include the following:
- Introduction to Microeconomics
- Introduction to Macroeconomics
- Principles of Marketing
- Introduction to Management
- Quantitative Methods
Core courses in your second and third years can include econometrics, international trade policy, and advanced microeconomics.
As part of their degree programs, some colleges may require students to complete mandatory work internships, which can help them put what they have learned in class into practice.
What Skills Do You Need for an Economics Course?
Good analytical skills: Data analysis, computation, and market prediction are all necessary for some aspects of economics. Numerous factors might affect your predictions, so if you want to solve challenging issues and have logical, analytical thinking skills, you might succeed in economics!
Ability to communicate effectively: Although the fact that the industry requires calculations and forecasts, you must also be able to convey your results and reports in reports or presentations effectively. You might have to give others outside of your profession an explanation of your summaries, conclusions, and suggestions.
Ability to work under pressure: Economists are essential to governments and businesses, and they frequently work on studies and data that influence policy and corporate choices. As a result, they frequently operate under pressure to deliver conclusions or reports or to respond to specific data demands.
Graduates in economics can look for work in a variety of sectors, such as government agencies, research businesses, think tanks, and financial institutions like banks and brokerages.
Here are some Economics-related careers that you can seek upon graduating:
- Economist
- Market research analyst
- Policy analyst
- Economics journalist
- Economics lecturer
Other careers where your degree would be useful:
- Management consultant
- Statistician
- Data analyst
- Financial risk analyst
- Accountant
Best Economics Courses in Malaysia
Bachelor Program
| Program Name | Duration | Per Semester | Per Year | Total Fees |
| Bachelor of Economics | 4 Years | RM 6,250 | RM 12,500 | RM 50,000 |
Universiti Pendidikan Sultan Idris (UPSI)
Bachelor Programs (Education)
| Program Name | Duration | Per Semester Fee | Total Fees |
| Bachelor of Education (Economics) | 4 Years | RM 2,308 | RM 22,654 |
Bachelor Programs (Non-Education)
| Program Name | Duration | Per Semester Fee | Total Fees |
| Bachelor of Economics (Finance) | 4 Years | RM 2,308 | RM 22,654 |
| Bachelor of Economics (Islamic finance) | 4 Years | RM 2,960 | RM 27,970 |
UNITEN (Universiti Tenaga Nasional)
Bachelor Program
| Program Name | Duration | 1st Semester Fee | Total Tuition Fees |
| Bachelor’s in Economics (Energy) (Honours) | 4.5 Years | RM 7,335 | RM 66,000 |
| Bachelor in Business Economics (Honours) | 4.5 Years | RM 8,500 | RM 66,000 |
Multimedia University (MMU)
Bachelor Program Fees
| Program Name | Duration | Yearly Tuition Fees | Total Fees |
| Bachelor of Analytical Economics (Hons.) | 3 years | RM 22,417 | RM 67,250 |
University Kuala Lumpur (UniKL)
Bachelor Program
| Program Name | Intake | Duration | 1 Year Tuition Fees | 1 Year Tuition Fees | Total Fees |
| Analytical Economics (Hons) | Jan & Sept | 3 Years | RM 21,160 | $ 4,702 | RM 63,480 |
Taylor’s University
| Program Name | Intake | Duration | 1st Semester Fee | Total Tuition Fee | Total Fee |
| Bachelor Of Finance and Economics (Honours) | February April September | 3 Years | RM 3,776 | RM 121,488 | RM 140,474 |
| Bachelor In Philosophy, Politics, and Economics (Honours) | 3 Years | RM 5,664 | RM 122,028 | RM 142,164 |
Xiamen University
| Program Name | Full-Time | Part-Time |
| Duration | 1st Year Fees | Total Tuition Fees | Duration | 1st Year fees | Total Tuition Fees |
| Master of Economics in Finance | 2 Years | RM 26,500 | RM 53,000 | – | – | – |
University of Southampton Malaysia (UoSM)
Bachelor Program Fees
| Programmes | Duration | Malaysia Fees | UK Fees |
| Year 1 | Year 2 | Year 3 | Year 1 | Year 2 | Year 3 |
| Economics | 3years | RM 48,874 | RM 48,874 | RM 48,874 | RM 108,819 | RM 108,819 | RM 108,819 |
| Economics & Actuarial Science | 3years | RM 48,874 | RM 48,874 | RM 48,874 | RM 108,819 | RM 108,819 | RM 108,819 |
| Economics & Finance | 3years | RM 48,874 | RM 48,874 | RM 48,874 | RM 108,819 | RM 108,819 | RM 108,819 |
Nottingham University Malaysia
Bachelor Program (For International Students)
| Program Name | Duration | EMGS Fees | 1st Semester Fees | Total Fees |
| Business Economics and Finance | 3 Years | RM 4,660 | RM48,000 | RM144000 |
| Business Economics and Management | 3 Years | RM 4,660 | RM48,000 | RM144000 |
| Economics | 3 Years | RM 4,660 | RM46,800 | RM140400 |
| Economics and International Economics | 3 Years | RM 4,660 | RM46,800 | RM140400 |
Bachelor Program (For Malaysian Students)
| Program Name | Duration | 1st Semester Fees | Total Fees |
| Business Economics and Finance | 3 Years | RM39,700 | RM 119100 |
| Business Economics and Management | 3 Years | RM39,300 | RM 117900 |
| Economics | 3 Years | RM39,500 | RM 118500 |
| Economics and International Economics | 3 Years | RM39,500 | RM 118500 |
Master’s Program (For International Students)
| Program Name | Duration | EMGS Fees | 1st Semester Fees | Total Fees |
| Economics | 1-1.5 Years | RM 4,660 | RM 45,900 | RM 137700 |
Master’s Program (For Malaysian Students)
| Program Name | Duration | 1st Semester Fees | Total Fees |
| Economics | 1-1.5 Years | RM 39,900 | RM 119700 |
Management and Science University (MSU)
| Program Name | Duration | 1st Payable Fee | 1st Semester | Tuition Fee | Total Fee |
| Bachelor’s in Economics and Finance | 3.5 Years | RM 7,810 | RM 6,857 | RM 72,000 | RM 93,760 |
UCSI University
| Program Name | Duration | Initial Payment | Total Tuition Fees | Total Fees |
| Bachelor of Financial Economics (Hons) | Year 3 | RM 27,818 | RM 73,320 | RM 94,675 |
Universiti Tunku Abdul Rahman (UTAR)
Bachelor Program
| Program Name | Duration | EMGS Fees | Total Tuition Fees | Total Fees |
| Bachelor of Economics (Honours) Financial Economics | 3 years | RM 2,837-RM 2,867 | RM 62,550- 67,700 | RM 77,750- 82,900 |
| Bachelor of Economics (Honours) Global Economics | 3 years | RM 2,837-RM 2,867 | RM 62,550- 67,700 | RM 77,750- 82,900 |
Masters in Economics Malaysia by Research
| Program Name | Duration | EMGS Fees | Total Tuition Fees | Total Fees |
| Doctor of Philosophy (Economics) | 3 years | RM 2,837- RM 2,867 | RM 16,097 | RM 36,700 |
TAR UMT (Tunku Abdul Rahman University of Management and Technology)
Diploma in Economics Malaysia
| Program Name | Duration | Total Tuition Fees |
| Diploma of Construction Management & Economics | 2 to 2 years 6 months | RM 45,600 |
| Diploma of Economics | 2 to 2 years 6 months | RM 43,700 – 45,300 |
Bachelor Program
| Program Name | Duration | 1st Year Fees | Total Tuition Fees |
| Bachelor of Construction Management & Economics | 3 to 4 years | RM 26,333 | RM 79,000 |
| Bachelor of Economics | 3 to 4 years | RM 24,500- RM 25,533 | RM 73,500 – RM 76,600 |
Master’s By Research
| Program Name | Duration | 1st Year Fees | Total Tuition Fees |
| Master of Science in Economics 10,800 15,800 11,900 | 1-3 Years | RM 5,266 | RM 15,800 |
PHD Program
| Program Name | Duration | 1st Year Fees | Total Tuition Fees |
| Doctor of Philosophy in Economics | 1-3 Years | RM 7,366 | RM 22,100 |
UNIRAZAK University
Economics Courses in Malaysia
| Program Name | EMGS & Other Fees (RM) | Registration Fees (RM) | Per Semester Fee (RM) | Total Tuition Fees (RM) |
| Bachelor of Economics (Honours) | RM 3700 | RM 2,500 | RM 2,250 | RM 60,600 |
Kuala Lumpur University of Science and Technology (KLUST)
Economics and Finance Degree in Malaysia
| Program Name | Duration | 1st Year Tuition Fees | Total Tuition Fees | Total Tuition Fees (After 30% scholarships) |
| Bachelor of Science (Hons) in Economics and Finance | 3 years | RM 12,539 | RM 62,220 | RM 40,026 |
Lincoln University (LU)
Master’s Program (Promo Fees) Economics Courses in Malaysia
| Program Name | Duration | 1st Year Fees MYR | Total Fees MYR | Total Fees USD |
| Master of Economics | 1.5 Year | RM 12,000 | RM 18,000 | $4,000 |
Master’s Program (Luc Fees)
| Program Name | Duration | 1st Year Fees MYR | Total Fees MYR | Total Fees USD |
| Master of Economics | 1.5 Year | RM 24,000 | RM 36,000 | $8000 |
Kings University College
Foundation Program
| Program Name | Duration | EMGS Fee & Others | 1st Year Cost | Total Tuition Fee | Total Fee |
| Foundations in Arts (Accounting, Business, Economics) | 1 Year | RM 3,200 | RM 14,400 | RM 14,900 | RM 17,600 |
