Bachelor of Science in Agricultural and Applied Economics
Objectives of the Program
The BS Agricultural and Applied Economics program aims to produce students who: (1) have technical background in agriculture and related sciences, (2) have understanding of the economic theories and tools in analyzing issues and problems in the agriculture and related sectors, and (3) are able to provide insights on policies and strategies relating to sustainable agricultural and rural development.
Program Learning Outcomes
At the end of the program, Bachelor of Science in Agricultural and Applied Economics graduates will be able to
- Discuss the concept and context of sustainable agricultural and rural development
- Acquire and understand knowledge of fundamental agricultural and allied sciences, and economic theories and tools that underlie the study of agricultural and applied economics
- Apply the economic theories and tools in addressing issues and problems in the agriculture and related sectors
- Conduct research in agricultural and applied economics
- Understand the role of agricultural and applied economics in providing public service to stakeholders.
Fields of Specialization
a. Production Economics and Farm Management
The field of Production Economics and Farm Management provides the students with the theories and tools in analyzing problems pertaining to productivity and economic efficiency on agricultural production sector in relation to natural resource use, the environment, and agricultural policy and development.
b. Agricultural Marketing and Prices
The field of Agricultural Marketing and Prices provides the students with the theories and tools in analyzing problems pertaining to the movement of agricultural commodities from the point of production to the point of consumption. It involves the analysis of prices, logistics, value addition, and costs in every segment of agricultural and food supply chains.
c. Rural Finance and Cooperatives
The field of Rural Finance and Cooperatives provides the students with theories and tools in analyzing the behavior of providers and users of financial products and services, which can be used to improve the economic well-being of stakeholders in the rural sector.
d. Natural Resource Economics
The field of Natural Resource Economics will enable the students to understand issues and concerns relating to the use and management of natural resources. This field focuses on the analysis of optimal uses of land, water, fossil fuels and mineral, forestry, and fishery resources. In addition, this field will orient the students on the fundamentals and policy aspects of natural resource use.
e. Food and Nutrition Economics
The field of Food and Nutrition Economics provides the students with theories and tools important for an integrative analysis and understanding of the issues relating to food availability, accessibility, and utilization. Furthermore, this specialization will address concerns regarding the stability of food and nutrition status (vulnerability and resilience) of households and communities.
Courses Offered
| Course Code | Description | Units | Sem Offered |
|---|---|---|---|
| AAE 10 | Introduction to Agricultural and Applied Economics An overview of the various fields of the agricultural and applied economics as a discipline | 1 | 1,2 |
| AAE 103 | Statistical Analysis of Agricultural and Applied Economics Data Statistical methods in the analysis of agricultural and applied economics data | 3 | 1,2 |
| AAE 104 | Farm Business Accounting Principles of accounting with emphasis on farm business application | 3 | 1,2 |
| AAE 110 | Agricultural Production Economics Fundamental concepts in resource allocation and their application to agricultural production | 3 | 1,2 |
| AAE 111 | Farm Management Principles and analytical tools in the organization of the farm | 3 | 1,2 |
| AAE 120 | gricultural Marketing I Principles of agricultural marketing, types and functions of market organizations for agricultural inputs and products | 3 | 1,2 |
| AAE 123 | Agricultural and International Trade Patterns of world trade in agricultural products, national and international trade policies related to agricultural development | 3 | 1,2 |
| AAE 130 | Agricultural Finance History, development, and mechanism of agricultural financing in the Philippines; organization and operation of financing institutions serving agriculture; farm appraisal and evaluation | 3 | 1,2 |
| AAE 142 | Natural Resource Economics I Fundamentals of natural resource economics; implications for sustainable development | 3 | 1,2 |
| AAE 150 | Economics of Agricultural Development Analysis of the role of agriculture in economic development | 3 | 1,2 |
| AAE 151 | Agricultural Policy National farm organization; economic analysis of different aspects of agricultural policies and programs | 3 | 1,2 |
| AAE 161 | Introduction to Food and Nutrition Economics Fundamental economic concepts in addressing food and nutrition security issues | 3 | 1,2 |
| AAE 171 | Feasibility Studies of Agri-Based Enterprises and Agro-Industrial Development Projects Preparation of feasibility studies involving agri-based enterprises and agro-industrial development projects | 3 | 1,2 |
| AAE 195 | Research Methods in Agricultural and Applied Economics Methods and techniques in conducting agricultural and applied economics research with emphasis on current agricultural and rural development problems | 3 | 1,2 |
| AAE 198 | Internship | 6 | Midyear |
| AAE 199 | Undergraduate Seminar Review and discussions of current developments in economics and agricultural economics fields | 1 | 1,2 |
| AAE 200 | Undergraduate Thesis or AAE 200a | Major Farm Practice | 6 | 1,2,Midyear |
| Course Code | Description | Sem Offered |
|---|---|---|
| Production Economics and Farm Management | ||
| AAE 113 | Intermediate Agricultural Production Economics (3 units) Economic concepts, principles, and tools in the measurement and analysis of agricultural productivity and efficiency | 2 |
| AAE 115 | Intermediate Farm Management (3 units) Farm resource management, managing farm operations under risk and uncertainty, market-oriented production planning, and optimization techniques | 1 |
| AAE 117 | Economics of Sustainable Agricultural Production (3 units) Systems approach and fundamental economic tools for sustainability of agriculture as it relates to the physical and social environment | 2 |
| Agricultural Marketing and Prices | ||
| AAE 121 | Agricultural Marketing II (3 units) Market research and development; structure, conduct, and performance for specific agricultural commodities | 2 |
| AAE 122 | Agricultural Price Analysis (3 units) Analysis of the factors affecting the prices of agricultural products | 2 |
| AAE 125 | Agricultural and Food Supply Chains (3 units) Economic analysis of agricultural and food supply chains | 1 |
| Rural Finance and Cooperatives | ||
| AAE 133 | Rural Finance (3 units) Overview of the rural financial sector; behavior of providers and users of financial instruments and services; performance of rural financial institutions | 2 |
| AAE 135 | Microfinance for Agricultural and Rural Development (3 units) Principles and concepts in microfinance; analysis of the sustainability and outreach of microfinance | 1 |
| Natural Resource Economics | ||
| AAE 143 | Natural Resource Economics II (3 units) Application of economic concepts in determining the optimal usage of natural resources | 1 |
| AAE 145 | Land Economics (3 units) Economic principles as applied to the management of land and land-based resources; study of the physical, economic, institutional, and other relevant factors that affect the condition and control of the use of these resources | 1, 2 |
| AAE 148 | Economics of Natural Resource Policy (3 units) Application of economic principles in analyzing the rationales for and consequences of public policy relating to natural resources | 2 |
| Food and Nutrition Economics | ||
| AAE 163 | Food and Nutrition Policy Analysis (3 units) Analytical methods and frameworks in addressing policy issues on food and nutrition security | 2 |
Flowchart BSAAE
