Hi all, I would like to do post-graduate economics and I would like to get a realistic sense of which schools I might be able to go to. I have decent results in my economics courses but because I only realized last semester that academia/research might be the path for me, I haven’t taken any courses from the math department so far.
I’m an undergraduate in economics at the National University of Singapore (NUS), it’s one of the top ranking universities in Asia although I’m not so sure about its brand worldwide. I’ll be entering senior year this fall. I’m mostly looking at European masters programmes currently because I believe the odds of entering any T20 PhD programme in the US are way too slim to actually justify trying.
Undergrad: Bachelor of Social Sciences (Honours), National University of Singapore
Major: Economics
Current GPA: 4.65 out of 5 (for reference, 4.5 is an A- average; I believe this is equivalent to a first in the UK system?)
Economics Courses:
Intro to Econs: A-
Intro Micro: A+
Intro Macro: A
Foundation for econometrics (‘stats for economists’ class): A
Quantitative Methods (‘math for economists’ class): A+ (a bit of linear algebra and a bit of calculus, but I think there’s less content in here compared to the respective courses by the math department)
Intermediate Micro: A
Intermediate Macro: A-
Econometrics 1: A
Econometrics 2 (time series, cointegration, fixed effects, random effects, IV, logit/probit): A
Game Theory (NE, SPNE, BNE, Perfect BNE): B+
Financial Economics 1: B+
Advanced Micro (topics in asymmetric info, game theory, basic matching theory): A
Development Economics 2: A
Intended remaining econ classes (tentative): Thesis, Econometrics 3, one compulsory class on Singapore’s policy and either advanced labour or advanced macro
If it’s relevant, I also did education economics and international economics during my exchange semester.
Research Experience: 1 winter internship at a government ministry, 1 summer internship at a water policy institute.
Teaching Experience: Currently none, applying to be a TA in the coming semester for intro to econs class
Letters of Recommendation: To be honest, not very sure where these would come from. Probably from my thesis supervisor, and maybe I’ll ask the profs in one of the advanced classes.
My current research interests lie in labour, closely followed by development. However, I honestly think these preferences are not very strong at this point and I'm open to trying out different sub-fields.
The glaringly weakest part of my profile is no math I think, which is why I believe I should probably apply to a European master’s instead of directly into a PhD programme. At best, I could probably tackle 1 or 2 extra classes from the math department (linear algebra maybe?) in my senior year, but I’m not sure whether there’s any value in doing that. Instead of doing that, would it be better to do a mathematical economics class? It would probably be like a more intermediate ‘math for economists’ class, but not graduate level.
I also can’t decide whether taking advanced macro would be better than taking advanced labour. The content of advanced macro is probably more relevant for signaling since it's more quantitative and theoretical (RCK, Endo growth, RBC, NKM), but the prof taking advanced labour has far stronger credentials (PhD from T10, stronger publications) and I reckon a good recommendation letter from him would count for a lot.
I haven’t yet done a lot of homework on which European schools to apply to, but currently I am eyeing MSc Econ at LSE or UCL; I would like to do a masters that would allow me to keep my options open in terms of progressing into a PhD but also gives me a good outside option. I’m also wondering about the Oxford DPhil option (or the MPhil, for that matter); how similar is it to the US PhD programmes in terms of admissions and how well-regarded is the DPhil/MPhil?
Like I said, it took me a very long time to realize that maybe this is the path for me and so I hope to get a realistic sense of what I can do from here to best improve my odds and which schools I could aim for. There's a lot that I don't know/am unsure about so I would really appreciate hearing more informed opinions… Thanks a lot!