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:

S. Z.

◈ Studied A.B. Economics
◈ At University of San Carlos
◈ Graduated 1990

Why did I choose Economics: I chose this course because I am challenged by others who said that this was a difficult course. I wanted to know business in a bigger way, like how countries can make much money and become rich.

About my college education: During my college studies, I learned to make researches, submit a thesis, and write papers related to business and economics. I did not have any difficulty in any of the subjects because my father and mother were there always to help me. I have learned that nothing becomes an obstacle to success if one is being supported by the family and that one is responsible enough to do his part. Moreover, I was molded into a person who respects authority, obeys the laws, have confidence in oneself, and uphold honesty and fairness in all my dealings.

My current job: I am an investment Officer in Allied Bank, Cebu City. I handle trust funds and bank notes. I encourage depositors to invest in our bank.

Am I using what I learned in college: The good traits I developed during my college years have brought me to where I am now. I apply honesty, fairness, respect, and obedience to lawful orders in my daily transactions.

How long did it take to find a job: After graduation, within 6 months, I was hired by a bank in Cebu City.

Do I recommend studying Economics: Anybody who graduates the course of Economics always get a kind of respect from interviewers because they knew that this is not an ordinary course. This involves mental work, a lot of analysis based on facts and other related circumstances.

Advice to people who are thinking of studying this course: It is my pleasure to encourage those who are considering to take this course to go full speed ahead. I am glad that I did. Now I reap the fruits of making that decision to make this course my educational asset.

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