Bachelor of Science in Agricultural and Applied Economics
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.

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 CodeDescriptionUnitsSem Offered
AAE 10

Introduction to Agricultural and Applied Economics
An overview of the various fields of the agricultural and applied economics as a discipline
AAE 103Statistical Analysis of Agricultural and Applied Economics Data
Statistical methods in the analysis of agricultural and applied economics data

AAE 104 Farm Business Accounting
Principles of accounting with emphasis on farm business application
AAE 110 Agricultural Production Economics
Fundamental concepts in resource allocation and their application to agricultural production
AAE 111Farm Management
Principles and analytical tools in the organization of the farm
AAE 120 gricultural Marketing I
Principles of agricultural marketing, types and functions of market organizations for agricultural inputs and products
AAE 123 Agricultural and International Trade
Patterns of world trade in agricultural products, national and international trade policies related to agricultural development
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
AAE 142 Natural Resource Economics I
Fundamentals of natural resource economics; implications for sustainable development
AAE 150 Economics of Agricultural Development
Analysis of the role of agriculture in economic development
AAE 151Agricultural Policy
National farm organization; economic analysis of different aspects of agricultural policies and programs
AAE 161
Introduction to Food and Nutrition Economics
Fundamental economic concepts in addressing food and nutrition security issues
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
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
AAE 198 Internship6Midyear
AAE 199Undergraduate Seminar
Review and discussions of current developments in economics and agricultural economics fields
AAE 200Undergraduate Thesis or AAE 200a | Major Farm Practice61,2,Midyear

Course CodeDescriptionSem Offered
Production Economics and Farm Management
AAE 113Intermediate Agricultural Production Economics (3 units)
Economic concepts, principles, and tools in the measurement and analysis of agricultural productivity and efficiency
AAE 115Intermediate Farm Management (3 units)
Farm resource management, managing farm operations under risk and uncertainty, market-oriented production planning, and optimization techniques
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
Agricultural Marketing and Prices
AAE 121 Agricultural Marketing II (3 units)
Market research and development; structure, conduct, and performance for specific agricultural commodities
AAE 122 Agricultural Price Analysis (3 units)
Analysis of the factors affecting the prices of agricultural products
AAE 125 Agricultural and Food Supply Chains (3 units)
Economic analysis of agricultural and food supply chains
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
AAE 135 Microfinance for Agricultural and Rural Development (3 units)
Principles and concepts in microfinance; analysis of the sustainability and outreach of microfinance
Natural Resource Economics
AAE 143 Natural Resource Economics II (3 units)
Application of economic concepts in determining the optimal usage of natural resources
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
Food and Nutrition Economics
AAE 163Food and Nutrition Policy Analysis (3 units)
Analytical methods and frameworks in addressing policy issues on food and nutrition security

Flowchart BSAAE