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AB in Economics in the Philippines

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Program Overview

The Bachelor of Arts in Economics is a four-year degree program designed to equip students with knowledge in economic theories, economic modeling frameworks, and economic strategies and policies. The program aims to provide students with a thorough understanding of how different economic institutions work in identifying the economic problems of society and thereby possible solutions with the application of both macroeconomics and microeconomics principles, theories, laws, and models. Graduates of this program are expected to apply effectively these principles in specific economic conflicts.


Recommended Senior High School Strand

Students who want to pursue a degree in AB in Economics are encouraged to take the Humanities and Social Sciences (HUMSS) strand under the Academic track. The curriculum focuses on human behavior, literature, education, politics, liberal arts, and society. The HUMSS strand will cover relevant topics that may be further discussed in their college lectures. 


Subjects and Curriculum

  • Introduction to Microeconomics
  • Introduction to Macroeconomics
  • Basic Economics Agrarian Reform and Taxation
  • Economic Development
  • Monetary and Fiscal Policy of the Government
  • Statistics for Economists
  • Economic Research
  • Applied Economics

Admission Requirements

Qualifications

  • The student must be a high school graduate. 

However, if they were not able to graduate high school, they may opt to take the Alternative Learning System (ALS) and pass the Philippine Educational Placement Test (PEPT) to qualify for college; the availability of courses for PEPT passers depend on the university.

  • The students must pass the College Admissions Test of the university.

Basic Requirements

  • Form 138 - High School Report Card (Original and Photocopy)
  • Recommendation letter from High school principal and guidance counselor
  • Most recent medical and dental health record
  • Copy of NSO Certified birth certificate
  • Certificate of Good moral character
  • Copy of honorable dismissal
  • Copy of high school diploma
  • (1) Latest 2”x2” ID Picture

Program Outcome

Graduates of AB in Economics are expected to be able to:

  • Apply economic theories and principles in analyzing economic issues
  • Exhibit knowledge of the standard methods used in economic research
  • Communicate economic arguments and research results effectively
  • Abide by high ethical standards when constituting, analyzing, and interpreting economic data and results

On-The-Job Training/Internship

During the fourth year of the program, students are required to attend an On the Job Training (OJT) in various corporate and business companies. 


Students are given the opportunity to apply their knowledge and skills in an actual work setting. Usually, universities require them to submit a written report on their tasks, learning experiences, and hours rendered. Their work performance will also be evaluated by their immediate managers and will be submitted to their respective OJT coordinator. The number of hours required may differ in each university.


Board Exam

The AB in Economics program does not have a board examination. However, graduates may opt to take the Civil Service Examination (CSE) conducted by the Philippine Civil Service Commission (PCSC) to qualify in working in government offices. Some graduates opt to take a Master’s degree followed by a Doctorate degree to gain expertise in the industry. 


Career Opportunities

Graduates of AB in Economics may pursue a career path in various corporate and business companies. They may apply as a financial analyst, investment analyst, commodity analyst, economics teacher, government economist, economics researcher, labor relations specialist, and a tax economist.

Find schools offering AB in Economics:

Reviews of AB in Economics graduates:

M. N.
◈ Studied AB Economics
◈ At Laguna College
◈ Graduated 1983

list bulletWhy did I choose Economics: Honestly, I really don't like this course but I think there's no other courses that will fit my ability other than this because I'm not good at Mathematics so I didn't choose Accounting. It's like a mini-mini-mo and all I want is just to graduate from college whatever course I will take, it doesn't matter. I was just looking forward to graduate and find a job right after graduation.

list bulletAbout my college education: The most difficult part for me taking this subject, is the reporting. For instance, we had a group activity, one from the group would report or interpret the group output in front. I hate it. It made me feel nervous because my classmates and teacher would ask me questions regarding our output and I was afraid to have mistakes. I found reporting boring and difficult because I don't like to do it.

The most interesting part for me is the satisfaction that I felt after the reporting was done. I felt great after, fulfilled and successful because I knew I'll get a grade after.


list bulletMy current job: I don't have a job but I do have a business from which I gained from my earnings/savings from my previous employments as Field researcher.

list bulletAm I using what I learned in college: The knowledge that I got from studying AB Economics really contributed a lot in my job since I'm under an economic department. It made my job easy. Specifically, Statistics had played a big role performing my work. I was assigned to gather economic data from municipalities so what I learned gave me ideas about the terminologies that I was seeing from the data. And another thing, it gave me an experience to travel to different places in the Philippines.

list bulletHow long did it take to find a job: I got a job 1 month after my graduation as a Field researcher in the National Economic and Development Authority which is under the government.

list bulletDo I recommend studying Economics: I don't suggest taking this course because it's scope is limited when it comes to expertise. But if we will be talking about the salary level, maybe it will be a good choice since the employment opportunities under this course are being compensated well especially if you are into research and under the government.

list bulletAdvice to people who are thinking of studying this course: When someone considers choosing this course, one must be analytical and logical since there are lots of graphs and concepts to understand. When you want to take this course, you must love it. It requires patience and courage for one to finish this course. I believe I have these two things because I was able to finish this course for 3 years and 2 summers which was supposedly to be taken 4 years.
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