Bachelor of Science in Economics
Bachelor of Science in Economics

The Program

The Bachelor of Science in Economics Program was instituted in 1986. The program was born out of the necessity of constructing alternative development strategies for overcoming the economic crisis which beset the country during the period. These strategies required the consideration of prevailing economic concerns which included, among others, the heavy debt burden, poverty, unemployment, unproductive and inefficient industries, as well as malnutrition. Furthermore, there was a need to better
understand the impacts of natural resource exploitation and environmental degradation on the country’s development path.

The BS Economics program aims to produce graduates who possess:

  • the necessary skills in quantitative and policy analyses for teaching and research in economics;
  • the ability to analyze, synthesize, and evaluate economic concepts, issues, and data relevant to policy decision- making in the public or private sector; and
  • a deep appreciation of the economic issues and problems besetting the country, as well as an objective and critical attitude towards the arguments and policies meant to address them.


BS Economics students can choose from two areas of specialization being offered by the Department:
  • Development Economics—focuses on theories and problems of growth; developmental survey of experiences in low- income and high income countries.
  • Environmental Economics—centers on the economic role of environment in growth and development.


Students in the Program are required to complete 146 academic units, usually in about four years. The Curriculum is divided into three components:

  • (a) The general education courses aim to develop well-rounded students and give exposure to the non-economic aspects of society.
  • (b) Core courses provide rigorous training in economic theory and analytical tools.
  • (c) Students can choose between development economics and environ-mental economics as an area of specialization.

New Freshmen are admitted directly to the program through the UP College Admission Test (UPCAT).

Career Prospects

Due to the intensiveness of the program, BS Econ graduates find themselves as highly employable especially in career tracks that are inclined towards research, policymaking, banking and business, law, and the academe.

Courses Offered

Course CodeDescription
ECON 11General Economics
ECON 101Intermediate Macroeconomic Theory
ECON 102Intermediate Microeconomic Theory
ECON 103Introduction to Growth Theory and Open Economy Macroeconomics
ECON 104Introduction to Factor Market Analysis, General Equilibrium and Welfare Economics
ECON 110History of Economic Doctrines
ECON 115Philippine Economic History
ECON 121Money and Banking
ECON 130Elements of Mathematical Economics
ECON 137Introduction to Econometrics
ECON 138Intermediate Econometrics
ECON 141International Economics
ECON 151Public Economics
ECON 170Environmental Economics
ECON 175Benefit Cost Analysis
ECON 185Development Economics
ECON 199Undergraduate Seminar
ECON 200Undergraduate Thesis

Course CodeDescription
ECON 106Consumption Economics
ECON 134Experimental Economics
ECON 155Economics of Regulation
ECON 166Fundamentals of Energy Economics
ECON 172Economic Analysis of Pollution Control Policies
ECON 176Economics of Climate Change and Adaptation
ECON 181Human Resource Economics
ECON 191Special Topics