Master in Economics

Admission Requirements

Admission to the M.A. program requires a bachelor’s degree with evidence of scholastic distinction. Applicants to the program must be familiar with elementary calculus, elementary statistics and microeconomic theory at the intermediate undergraduate level.

Degree Requirements

To qualify for the MA (Econ) degree, a student must successfully complete a program of studies approved by the Department. A student may choose from either of two tracks:

  • The thesis track consists of 24 units of formal course work, a master’s qualifying examination, and a master’s thesis of six (6) units. Acceptance of the thesis is based on the recommendation of the adviser and the endorsement of the reader.
  • The non-thesis track consists of 30 units of course work, master’s qualifying and comprehensive examinations and a research seminar course (Economics 299) in which a paper is required.

These requirements are normally completed in three semesters and one summer term of full-time study. In the first year, the student is required to complete 24 units of formal course work at the 200 level, including Macroeconomic Theory I and II, Microeconomic Theory I and II, Economic Statistics, and Econometrics I.

The Master’s qualifying examination which is given at the end of the second semester, consists of a four-hour test in economic theory and another two-hour test in quantitative methods.  Completion of at least 24 units of course work is a requirement for taking the examination. Students who fail the examination may retake it only once.

In addition to the Master’s qualifying examination, non-thesis track students will take a Master’s comprehensive examination which is a test in an area of concentration chosen by the student. It may be taken by a student only after completing the course work and obtaining a cumulative weighted average of 2.0 or better.


Grade Requirements

University rules require a student to maintain a cumulative weighted average of 2.0 in each academic year to remain in good standing. Failure to satisfy this grade requirement for two academic years will disqualify the student from the program.

To successfully complete the program, a student should earn a grade of 2.5 (equivalent to satisfactory) or better in each course, and a weighted average of 2.0 or better for the courses contained in his study program.

Program of Study

1st Semester
Macroeconomic Theory I (Econ 201)
Microeconomic Theory I (Econ 202)
Mathematical Economics (Econ 206)
Economic Statistics (Econ 231)
2nd Semester
Macroeconomic Theory II (Econ 203)
Microeconomic Theory II (Econ 204)
Econometrics I (Econ 232)

Master’s qualifying examination

3rd Semester (Thesis Track)
Master’s Thesis (Econ 300)
3rd Semester (Non-thesis Track)
Research Seminar I (Econ 299)
M.A. Comprehensive Examination**
*Electives are available in the following fields: Agricultural Economics, Demographic Economics, Health Economics, Human Resources Economics, International Economics, Monetary Economics, Public Economics, Econometrics, and Industrial Economics. 

**M.A. Comprehensive Examination is usually given in May.

Application Requirements

The following documents must be submitted with the accomplished application form:

  • Transcript of Records on the courses taken by the applicant at the undergraduate and graduate levels
  • Diploma or equivalent document certifying that the applicant has completed a Bachelor’s degree
  • For foreign applicants whose native language is not English, a certification of scores obtained in TOEFL with a minimum required score of 250 in the computer-based test
  • For foreign applicants without fellowship assistance, a certification from a reputable bank in their country attesting to their capability to finance the travel, education, personal and other expenses they are expected to incur while studying in the Philippines
  • A fee of PhP500 (or US$20) for processing of the application

Shortlisted applicants to the M.A. Economics program shall be required to take the entrance test usually scheduled in March prior to the start of the academic year in June. Alternatively, they may submit their GRE or GMAT scores obtained within the last two years. The interview for the shortlisted applicants is scheduled a few days after the test.


Click here for the list of graduate courses.