Master of Science in Agricultural Economics
Master of Science in Agricultural Economics

Brief description of the major field

Agricultural economics as a major of field of study involves the application of economic theories, principles and tools in analyzing problems and issues in agricultural and rural development.

Prospective Students

College graduates and professionals who want to have a career as educators, researchers, administrators, policymakers/analysts, financial analysts, bank managers, extension and development specialists, business entrepreneurs or project consultants in the field of agricultural economics and related fields

Opportunities

  • The Program prepares the student for a wide array of possible career choices
  • Many Graduates of this field are actually currently employed in key international agencies (e.g. World Bank, ADB) and even more as project consultants for international and local consulting firms engaged in development projects.
  • Many of the have gone to become distinguished professors, lecturers and mentors in major SCUs in the Philippines and abroad.
  • Many Graduates are employed in strategic agencies that are mandated with policy making and analysis and implementation of projects for national development (e.g. NEDA, DA, DENR, PCARDD-DOST, PCMARRD-DOST).
  • Many more graduates work in banks, financial companies, and private agribusiness companies (local and abroad) as market analysts.

Requirements and Mechanics to Graduate

Agricultural Development, Agricultural Marketing, Agricultural Policy, Agricultural Prices, Farm Management, Production Economics, and Resource Economics.

The MS AECO program requires a minimum of 32 units, these are 15 units of major courses, 9 units of minor courses, 2 units of seminar and 6 units of thesis. The major courses are composed of core courses ECON 201, ECON 202, ECON 237 and other major courses to satisfy the minimum number of units.

Other requirements: Graduate students are required to pass a departmental written comprehensive examination given once in a semester and an oral examination. Agricultural Development, Agricultural Marketing, Agricultural Policy, Agricultural Prices, Farm Management, Production Economics, and Resource Economics.

Graduate Courses

AECO 210. Advanced Agricultural Production Economics (3). Selected economic theories and their application to problems in agricultural production and their distribution. 3 hrs (class). PR. COI. (1)


AECO 211. Advanced Farm Management (3). Production problems of small and large farms; farm business analysis; production decision criteria; and labor management. 3 hrs (class). PR. AECO 111 and ECON 102 or COI. (2)

AECO 220. Economics of Agricultural Marketing (3). Economic theory applied to marketing; analysis of marketing functions, cost and prices of agricultural inputs and products; industry structure, marketing policies. 3 hrs (class). PR. AECO 120 or COI. (1)

AECO 222. Agricultural Prices (3). Price determination in product and factor markets; supply and demand; price variation and instability; dynamic analysis; price policy. 3 hrs (class). PR. ECON 102 or COI. (2)

AECO 230. Advanced Agricultural Finance (3). Conceptual bases of agricultural finance; risks and uncertainties in farm-related financial intermediaries; issues in financing agricultural development. 3 hrs (class). PR. COI. (2)

AECO 240. Natural Resource Economics (3). Application of economic theory to developmental and intertemporal issues in the optimal management of agricultural land and other resource-evaluation of economic institutions affecting use of such resources. 3 hrs (class). PR. ECON 101 or COI. (1)

AECO 241. Economic Analysis and Planning of Agricultural Projects (3). Economic analysis of agricultural projects from national and individual viewpoints; identification of projects; preparation and evaluation of project plans. 3 hrs (class). PR. ECON 101 and ECON 102 or COI. (2)

AECO 248. Economic Analysis and Design of Natural Resource and Environmental Policies (3). Economic principles, methods and tools in the analyses and design of natural resource and environmental policies. 3 hrs (class). PR. AECO 240 or COI. (1,2)

AECO 250. Agriculture and Economic Development (3). Factors that accelerate or inhibit the growth of
agriculture; survey of existing growth theories and establishment of their relevance to Philippine experience. 3 hrs
(class). PR. ECON 101 and ECON 102 or COI. (2) 

AECO 251. Agricultural Programs for Economic Development (3). Past and present action programs of government agencies and farmer’s organizations; coordination of programs of viable private operating units and public agencies. 3 hrs (class). PR. ECON 101 and ECON 102 or COI. (1)

AECO 253. Applied Regional Economics (3). Application of economic theories and analytical tools to regional planning, development, and program implementation. 3 hrs (class). PR. ECON 101 and STAT 1 or COI. (2)

AECO 260. Research in Agricultural Economics (3). Methods and techniques of economic research, emphasis on current agricultural economic problems. 3 hrs (class). PR. ECON 101 and ECON 102 or COI. (1)

AECO 261. Food and Nutrition Economics (3). World food problems and the economic consequences of malnutrition; review of food and nutrition policies and programs. 3 hrs (class). (1)

AECO 290. Special Problems (1-3). May be taken twice provided that total number of units to be credited to the student’s program will not exceed 4 units. PR. COI. (1,2)

AECO 291. Special Topics (1-3). May be taken twice provided that total number of units to be credited to the
student’s program will not exceed 4 units. PR. COI. (1,2) 

AECO 299. Graduate Seminar in Agricultural Economics (1). May be repeated once for a maximum of 2 units.  PR. COI. (1,2)

AECO 300. Master’s Thesis (6). (1,2,S)

AECO 320. Organization and Performance of Agricultural Markets (3). Agricultural markets: structure, conduct and performance; policy and welfare analysis; research and development. 3 hrs (class). PR. AECO 220 and ECON 202 or COI. (2)

AECO 400. Doctoral Dissertation (12). (1,2,S)