Economics

The Bachelor of Economics program at Seoul National University offers students a comprehensive and rigorous education in economic theory, quantitative methods, and real-world applications. Designed to cultivate analytical thinking and problem-solving skills, the program prepares students to understand and address complex economic issues both domestically and globally. Throughout the curriculum, students engage with fundamental areas such as microeconomics, macroeconomics, econometrics, and international economics, alongside specialized electives that cover finance, development economics, public policy, and behavioral economics. The interdisciplinary approach encourages a deep understanding of economic principles and their intersections with politics, sociology, and technology, enabling graduates to contribute effectively to various sectors, including government, finance, academia, and private enterprise. The program emphasizes the development of strong quantitative skills, including mathematical modeling and statistical analysis, ensuring students are well-equipped to conduct empirical research and data-driven decision-making. Seoul National University’s distinguished faculty, known for their research and global perspectives, guide students through theoretical coursework and practical projects, fostering critical thinking and independent learning. In addition to classroom instruction, students have access to internship opportunities, research centers, and international exchange programs, which broaden their understanding of global economic issues and enhance their career readiness. Graduates of the program are highly regarded for their analytical abilities, comprehensive knowledge, and capacity to adapt to rapidly changing economic environments. Whether pursuing careers in finance, policy analysis, academia, or entrepreneurship, students are prepared to make meaningful contributions to society’s economic development and sustainability. The program’s combination of academic rigor and real-world relevance aims to shape future leaders who can think strategically, act ethically, and address the economic challenges of the 21st century with confidence and competence.

• Introductory Statistics for Economists
• Exercises in Economics 1
• Microeconomics
• Principles of Economics 1
• Dynamic Macroeconomics
• Macroeconomics
• Microeconomics
• Mechanism Design
• Introductory Statistics for Economists
• Principles of Economics 2
• Mathematics for Economist
• Econometrics
• International Economics
• Health Economics
• Human Life and Economy
• Industrial Organization
• Theory of Microfinance
• Oriental Econmic History
• Labor Economics
• Economic History
• Introduction to Modern Economy
• Seminar on Industrial Economy
• Public Finance
• Mathematics for Economist
• Experimental Economics
• Marxian Economics
• Introduction to the Political Economy
• Introduction of Economics
• Money and Finance
• Introduction to Market Economy
• Environmental Economics
• Stocks, Bonds and Financial Derivatives: Theory and Institution

1. Online
   application
2. Either
   proof
   of
   Korean
   or
   English
   proficiency
   is
   required;
   
   
   
   
   1)
   Korean
   Proficiency:
   TOPIK
   level
   3
   or
   higher
   
   
   
   
   2)
   English
   Proficiency:
   TOEFL
   (PBT
   550,
   CBT
   213,
   iBT
   80),
   TEPS
   551, IELTS
   5.5
   or
   higher
   
   
   
   3)
   Other
   official
   documents
   indicating
   proof
   of
   language
   proficiency (ie.
   SNU
   Korean
   Language
   Center
   Level
   4
   or
   higher)
3. Personal
   Statement
   and
   Study
   Plan
4. Letter
   of
   Recommendation
5. Counselor
   Reference
   
6. Official
   High
   School
   Transcript
   and
   Graduation
   Certificate
7. A
   Copy
   of
   the
   Applicant’s
   Passport
8. Certificate
   of
   Facts
   concerning
   the
   Entry
   and
   Exit
9. Portfolio,
   Records
   of
   Achievement,
   etc.
10. Agreement
    for
    Verification
    of
    Academic
    Record

If you wish to apply for the scholarship program, please fill out the scholarship application form every semester. Application period:

• During November(1st semester)
• During May(2nd semester)

New  Student (Merit scholarship)

• Funding: Fully funded or partially funded (admission fee + tuition 10%)
• Eligibility: New undergraduate student (Full fund – 2 by college (excluding science and engineering);

Partial fund – selected within the 30% of the registered students)

Current Student (Merit scholarship)

• GPA requirement: Completed more than one semester; 3.6 GPA or higher (average of all semesters)
• Funding: Fully funded
• Eligibility: Undergraduate student (selected from the allotted pool)

International Student Scholarship:

• GPA requirement: 2.4 GPA or higher (average of the previous semester)
• Funding: Tuition and fees (partial or fully funded)
• Eligibility: International student in the government-funded (government-invited) scholarship, international

  student (self-funded), Korean student living overseas and studying in Korea (undergraduate and graduate course)

SNU Foundation Scholarship:

• GPA requirement: 2.7 GPA or higher (average of the previous semester)
• Funding: Tuition and fees (partial or fully funded)
• Feature: Scholarship funded by some 200 funds created by Seoul National University Foundation
•  

The following is the scholarship programs offered for undergraduate applicants. Students may apply for the programs before or during the admission application period. Applicants may find program details via this website http://en.snu.ac.kr/apply/info or supporting organizations.

Korean Government Scholarship Program (KGSP)

Eligibility

• International applicants who wish to apply for 4-year undergraduate programs of SNU.
• * Those who wish to study in the programs longer than 4 years – such as medicine, veterinary medicine, pharmacy, and architecture – cannot apply for this scholarship.

Number of Recipients

• Approximately 20~40 every year

Subsidies

• Full tuition fee: tuition exemption for 8 semesters
• Living expenses: 800,000 KRW per month
• Airfare: one economy round trip
• Korean language training fee: one year
  * Korean language training is mandatory and when the student does not achieve TOPIK grade 3 within a year, she/he is not eligible to enter the degree program.
• Others: medical insurance, settlement and returning expenses

Application Period

• September

Selection Procedure

• Applicants submit applications for this program to Korean embassies in their countries ⇒ the embassies make the first selection ⇒ the National Institute for International Education make the final selection

Contact

• SNU staff in charge: 82-2-880-6971, sck590@snu.ac.kr

Reference

• NIIED: http://www.studyinkorea.go.kr (English version) ⇒ GKS ⇒ Introduction to the projects ⇒ Korean Government Scholarship Program
• 2016 KGSP Guideline Download

Overseas Koreans Scholarship

Eligibility

• Overseas Korean students who wish to take undergraduate degrees at SNU

Number of Recipients

• Approximately 5 students

Subsidies

• Full tuition exemption for a maximum of 8 semesters
• Living expenses: 800,000 KRW per month
• Airfare for one economy round trip
• Korean language training fee: fee exemption at the Language Education Institute for 8 months
• Medical insurance fees

Application Period

• March

Selection Procedure

• Applicants submit applications to Korean embassies in their countries ⇒ the embassies make the first selection ⇒ the Overseas Koreans Foundation make the second selection

Contacts

• SNU staff in charge: 82-2-880-2519, intlscholarship@snu.ac.kr
• Overseas Koreans Foundation: 82-2-3415-0174, ljh@okf.or.kr
  * The latest announcement on this scholarship can be found only via the foundation’s website.

Reference

• Overseas Koreans Foundation: http://scholarship.korean.net (Korean)

The Economics program at Seoul National University offers a comprehensive curriculum designed to provide students with a deep understanding of economic theories, quantitative methods, and real-world applications. The program aims to develop students' analytical skills, critical thinking, and ability to evaluate economic issues that affect both domestic and global economies. Courses cover a wide range of topics, including microeconomics, macroeconomics, econometrics, development economics, international economics, and public policy. The curriculum is periodically updated to reflect current economic challenges and advancements in research methodologies.

Students have opportunities to engage in research projects, internships, and collaborative work with faculty members who are leaders in their fields. Seoul National University emphasizes a rigorous academic environment, fostering an interdisciplinary approach that integrates economics with political science, sociology, and other social sciences. The program encourages global perspectives, with many courses taught in English and opportunities for international exchange programs. Graduates from the Economics department typically pursue careers in academia, government agencies, international organizations, financial institutions, and private corporations. They also often continue their studies at graduate level both within South Korea and abroad.

Faculty members involved in the program are active researchers publishing in top international journals, ensuring that students gain exposure to the latest developments in economic research. The university’s large alumni network provides valuable career support and mentorship for students throughout their studies and beyond. Admission to the program is competitive, requiring strong academic records and a demonstrated interest in economics. Overall, the Economics program at Seoul National University aims to produce well-rounded, socially responsible economists capable of analyzing and addressing complex economic issues worldwide.