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Those who study economics first and foremost learn the differences between microeconomics and macroeconomics. Microeconomics involves the behavior of individual markets, such as households and firms, and their interactions. Macroeconomics, on the other hand, involves looking at the entire economy as a whole.
Singapore, officially the Republic of Singapore, is a Southeast Asian island city-state off the southern tip of the Malay Peninsula, 137 kilometers north of the equator. A number of foreign universities, business schools and specialised institutes have also setup their Asian campuses in Singapore. Singapore is one of the safest major cities in the world by virtually any measure.
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The PhD in Development Economics is a research degree offered by the Department of Economics, and is also part of the PhD pathway, 'International Development', within the Bloomsbury Doctoral Training Partnership. The latter forms one of the few Centres recognized by the UK's Economic and Social Research Council (ESRC), thereby receiving financial support, and especially individual grants, for MSc and PhD students. This PhD pathway is open to applicants whether or not eligible for, or in receipt of, ESRC funding, with ESRC-funded students expected to form a small minority overall. Successful applicants to the MPhil/PhD in Development Economics will normally have a good Master's degree in a relevant subject if entering directly into the MPhil/PhD pathway although each applicant is assessed on merits including work and other experience.
The Department of Economics of SOAS has become one of the most outstanding sites for undertaking a research degree.