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.

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Reviews of AB in Economics graduates:

P. D.

◈ Studied BS in Economics (slightly different course)
◈ At University of the Philippines Los Banos
◈ Graduated 2012

Why did I choose Economics: I was interested in the Financial Industry and this was also a good course for Pre-law.

About my college education: What have I learned about this course? Well, a lot. I started to understand how the markets work. Things said by Economists on TV or papers never made sense to me until I started studying them myself. It was interesting. It gave me a lot of answers I kept asking when I was younger, like why are prices for this commodity higher than the others or why is there an increase in prices or why don't we just make enough money/bills to pay the country's debts?

As for the most difficult subject, I must say its Microeconomics. I had a harder time in it than Macroeconomics. It was more tedious for me to study. The ironic thing though is I like Microeconomics better than Macro.

The most useful things I learned during my time in the university include the ones I learned outside the classroom. I joined an academic organization exclusive for Economics student during my stay in the university and there was where I learned most of the useful things that I am now able to apply in my life after graduation. But there are things you learn in the classroom that can be helpful to you if you look at it in a different perspective. I mean to say is, in real life, you will not be asked to graph the changes as prices go up or down as I have been taught in some of my classes but ability to analyze which is being developed by these exercises will come in handy in real life. We used to complain to our professor that we will not be making graphs in real life nor we'll we be solving the X and Ys. Our professor replied that it is true we will never solve problems like these in paying for our grocery or paying our bills but the ability to solve the problem and analyze it will help us in real life to process real life problems as well.

Passing the exams were difficult. No matter what the subject was. And yes, a lot of people failed the exams. There were not many people I know that shifted to another course. Some stayed longer like me but we stayed in our course.

You need to be patient, attentive and eager to learn. In economics, you don't just compute, you analyze as well. Which makes the course a bit more difficult at first.

My current job: Client Executive

How long did it take to find a job: A month

Do I recommend studying Economics: If you're in the Metro area, I recommend it, but if you plan to work in rural areas, from what I heard from my other course-mates, it's not very well looked upon.

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