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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. 

Official Acronym:                      AECO
Unit offering the major field:       Department of Agricultural Economics, College of Economics and Management


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 



  • 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)


Faculty Information

 Name  Specialization

 Highest  Educational  


 Experience & Interest
 Aragon,  Corazon T.  Ag Econ-  Production Econ &  Farm Mgt  PhD  Farming Systems, Fishery Resource  Economics, Agricultural Marketing,  Agricultural Finance and Credit, Project  Planning Evaluation, Agrarian Reform  and Community Development
 Catelo, Salvador  P.  Ag Econ- Ag Prod  Econ,Ag Policy &  Devt  PhD  Project Analysis, Agricultural Marketing  and Price Analysis
 Gordoncillo,  Prudenciano U.  Applied Economics - Development Econ  PhD  Resource Economics
 Lantican,  Flordeliza A.  Ag Econ- Ag Mktg &  Price Anal, Inter'l  Trade & Devt Econ  PhD  Postharvest Economics, Food and  Nutrition Economics
 Pabuayon,  Isabelita M.  Ag Econ- Ag Mktg &  Prices, Ag Policy  and Development  PhD  Fisheries Socio-Economics  and Forest Products Marketing, Policy  and  Development, Resource Economics
 Piadozo, Ma Eden  S.  Agricultural  Marketing  PhD  International Trade
 Quicoy, Cesar B.  Ag Econ- Ag Mktg &  Prices ,Env Science  PhD  Farm Management, Production  Economics, Resource Economics
 Ranola, Roberto F.  Jr.  Ag Econ- Prod  Econ, Res  Economics  PhD   Farm Management, Farming Systems,  Regional Economics
 Rapera, Corazon  L.  Forestry - Forest Economics,  Natural Resource  Economics  PhD  Environmental & Natural Resource  Economics, Policy Analysis, Project  Analysis, EIAs, Material Flow Analysis
 Yorobe, Jose R.  Ag Econ- Ag Mktg &  Price Analysis,  Policy & Devt  PhD  Corn and Livestock Economics, Impact  of Agricultural Technologies, Food  Economics


Contact Information
Key Person:     The Chair
Phone Number: (6349) 536 3292
Email Address:  [email protected]



 Source: UPLB website

The UPLB Graduate School marked milestones with the launching of two new masters-level degree programs and the celebration of its 42nd founding anniversary on December 1.

At the Thanksgiving Dinner-Fellowship held at the Graduate School multi-purpose hall, UPLB Chancellor Fernando C. Sanchez, Jr. led the launching of the Master of Science in Entomology, an off-campus program implemented in partnership with ANFLO Management and Investment Corporation (ANFLOCOR) in Panabo City, Davao del Norte. He also relaunched the Professional Masters in Tropical Marine Ecosystem Management (PM-TMEM), a joint program with the UP Marine Science Institute (MSI) of UP Diliman and UP Visayas.

read more

Article by Mark Jayson E. Gloria, UPLB website

UP President Alfredo E. Pascual enjoined the UPLB graduate education faculty to intensify the internationalization of graduate programs during the Graduate Faculty Conference on Feb. 15 at the Tagaytay International Convention Center. Pascual, who gave the keynote speech during the Conference, said that UP’s mandate as a research, graduate, and regional/global university are intertwined and interrelated. He also commended UPLB’s tradition of excellence as a graduate and research university, especially in agriculture, forestry, veterinary medicine, and biotechnology.

read more

Posted on March 4, 2015 by upweb_wordpress in In the News, Article by Jo. Florendo B. Lontoc, photos by Abraham Arboleda

Responding to the mandates officially spelled out in Republic Act 9500 or the new UP System Charter of 2008, which elects UP to be a research and graduate university, among other roles, the UP Los Baños Graduate School convened a faculty conference to plot the path of the school to the future. The conference titled “Responding to the Challenges of a Research and Graduate University” was held on February 15 and 16, 2015 at the Tagaytay International Convention Center. It was attended by around 260 participants consisting of junior and senior graduate faculty members, committee chairs of degree-granting units, college deans, institute directors, department chairs, and heads of UP campuses.

read more

What was once a silent and unoccupied area at the back of the Graduate School (GS) Building will soon become the site of a modern hub for graduate and international students of UPLB.

It will be called the Graduate School International Student and Cultural Center Building, as officially announced during the groundbreaking ceremony on Dec. 2.

UP System, UPLB, and Nagoya University bigwigs were present during the occasion, which served as one of the highlights of the School’s 43rd founding anniversary.

               UP President Alfredo E. Pascual and Vice-President for Legal Affairs Hector Danny D. Uy joined UPLB Chancellor Fernando C. Sanchez, Jr., Graduate School Dean Jose V. Camacho, Jr., and Vice Chancellor for Academic Affairs Portia G. Lapitan in the traditional groundbreaking ceremonies. read more

UP and Nagoya University (NU), through President Alfredo E. Pascual and UPLB Chancellor Fernando C. Sanchez, Jr. and NU President Seiichi Matsuo, respectively, have inked an agreement for UPLB to host the Nagoya University Asian Satellite Campus (NUASC) through the UPLB Graduate School.

This agreement makes the Philippines the eighth country to host the NUASC through which the Transnational Doctoral Programs for Leading Professionals in Asian Countries will be implemented. This will enable Filipino doctoral candidates to enroll in NU doctoral programs without having to be physically present in Nagoya for the whole duration of the course.

The agreement was formalized at the Executive Conference Room in BM Gonzalez Hall, UPLB on Dec. 2. Dr. Jose V. Camacho, Jr., dean, Graduate School and Dr. Fumio Isoda, director, Nagoya University Asian Satellite Campuses Institute, served as witnesses of the signing of the memorandum of agreement (MOA). read more

UPLB and Nagoya University (NU) formally opened the NU satellite campus in the Philippines and held the International Symposium on the Internationalization of Graduate Education at Acacia Hotel in Alabang, Muntinlupa City on March 8.

UPLB Chancellor Fernando C. Sanchez, Jr.  said in his message during the opening program that to be a globally competitive research and graduate university, UPLB must pursue joint programs and collaborative activities with international academic and research institutions. He cited as an example the Philippines Transnational Ph.D. Program for Leading Professionals in Asian Countries being implemented by UPLB and NU.  

UP President Alfredo E. Pascual added that the program takes the University to a higher level and a step closer to being a globalized institution in terms of research and graduate education.  It will also allow experts to build lifelong partnerships with NU without leaving the country. He issued a challenge for UPLB to become a leader in global intellectual conversations of tomorrow. read more

The Graduate School (GS) and the College of Public Affairs and Development (CPAf), together with UP Mindanao, launched the Mindanao Development Studies Seminars (MDSS) on May 13-14 at UP Mindanao, Davao City. 

The MDSS aims to stimulate critical discussion about contemporary issues and challenges affecting the development of Mindanao. 

Dr. Portia G. Lapitan, vice chancellor for academic affairs who delivered a speech on behalf of Chancellor Fernando C. Sanchez, Jr. reiterated the importance of Mindanao in the development of the country. She expressed her hopes that through the MDSS, participants would gain a more thorough insight of the issues affecting Mindanao.

“It is also my hope that this seminar would pave the way for scholars to engage in further discourse about Mindanao’s key concerns and strive to influence national policies that would benefit the people of Mindanao,” she added. read more


The Graduate School will hold its Hooding and Recognition Ceremony on June 24 at the DL Umali Freedom Park. During this occasion, the students who will have finished their doctoral program will be conferred their degrees through a ceremony in which their academic regalia (hoods) would be put on them by their advisers and University officials led by Chancellor Fernando C. Sanchez, Jr and Dr. Jose V. Camacho, Jr., dean of the Graduate School.

The guest of honor and keynote speaker for this year’s ceremonies is Dr. Chamnian Yosraj, president of Maejo University in Thailand. Dr. Yosraj is a UPLB alumnus, having earned both his MS and Ph.D. degrees in Animal Science in 1983 and 1990, respectively. read more

The UPLB Graduate School (GS) held its 2016 Hooding and Recognition Ceremonies on June 24 at the DL Umali Freedom Park. Of the 279 graduates, 229 obtained master’s degrees and 50 earned doctorate degrees.

In his opening remarks, Chancellor Fernando C. Sanchez, Jr. expressed confidence that the graduates will exceed expectations around them. “UPLB has prepared you to become leaders who have the intellectual capacity and the heart to contribute to your respective communities,” he said.  He also encouraged the graduates to use the knowledge they gained from the University not only in pursuing academic and intellectual endeavors, but also in addressing social concerns. read more

“How do you thank your benefactors? How do you thank the Filipino taxpayers? How do you thank the Filipino people as a whole?” asked UP President Alfredo E. Pascual to the 2,245-strong UPLB Class of 2016 on June 25 at the DL Umali Freedom Park.

President Pascual was the keynote speaker during the 44th Commencement Exercises of UPLB that started at six o’clock in the morning, a deviation from the usual afternoon-to-evening ceremonies in the University. He was introduced by Chancellor Fernando C. Sanchez, Jr. read more

UPLB and Kobe University (KU) in Japan have signed a memorandum of understanding (MOU) to jointly develop academic programs and projects that will benefit both in their instruction, research and training programs.

The MOU, which covers a 5-year period, was signed by KU President Hiroshi Takeda on March 23 in KU while UPLB chancellor, Dr. Fernando C. Sanchez, Jr. signed it on April 21 at the BM Gonzalez Hall in UPLB. read more

UPLB, through the Graduate School (GS) and the College of Economics and Management (CEM) has launched the off-campus Master of Management program for employees of the Procurement Service of the Department of Budget and Management (PS-DBM) at the DBM headquarters in Paco, Manila on Nov. 26.

PS-DBM has provided partial scholarships to its deserving employees who will be on the MMgt program that is being implemented by UPLB for continuing organizational development in the former. According to Atty. Tomas C. Syquia, executive director of PS-DBM, “to be the best, we must be taught by the best,” referring to the choice of UPLB as the partner institution. read me

In celebration of its 37th anniversary, the International Students Association (ISA), in cooperation with the International Student Services of the Office of Student Affairs (OSA), staged its annual cultural night at the DL Umali Hall on Oct. 14.

According to Dr. Nina Cadiz, OSA director, the event was “meant to promote the welfare and cooperation of foreign students in UPLB and to promote the benefits of internationalization in a University” such as UPLB.

With the theme “Unifying Force for Global Community,” the event featured song and dance performances of students from the Philippines, Indonesia, Timor Leste, Vietnam, Thailand, Cambodia, Laos, Myanmar, Bangladesh, and Nigeria. read more

In order to modernize pedagogy and equip faculty members with technology-mediated teaching strategies, the Interactive Learning Center (ILC) and Graduate School (GS) co-sponsored the workshop on Graduate Program Innovations: Hands-On Training on Blended Learning for faculty members on July 27-28, at the ILC Computer Laboratory, CAS Annex I Bldg.   

Dr. Jose V. Camacho, Jr., GS dean, lauded the participants for attending the workshop despite the fact that they were on teacher’s leave. He said that since faculty members are in the forefront of the internalization efforts of the University and UPLB-GS has already embarked on off-campus offering, there is a need to conduct training programs on technology-mediated approaches that would help enhance the graduate programs of the University. read more

The UPLB Graduate School (GS) conducted its 2015 Hooding and Recognition Ceremonies on July 3 at the DL Umali Hall, conferring degrees on 48 Ph.D. and 212 masters candidates. It also gave recognition to its top five Ph.D. and masters candidates, and two recipients of special awards.

In his opening remarks, Chancellor Fernando C. Sanchez, Jr. advised the graduate students to actively participate in collaborative research activities that promote knowledge building and policy making, to publish their work, and serve the people. He further explained that as the ASEAN integration promotes mobility among faculty and students, it also presents UPLB an opportunity to pursue research and development policies in the region. read more

The Graduate School welcomes new staff officials to improve and strengthen its graduate services. On 15 November 2017, Dr. Mark Dondi M. Arboleda, former School Secretary since 2015, was officially appointed as Associate Dean; Dr. Aimee Lynn A. Barrion-Dupo as School Secretary; and Ms. Nanette A. Aquino as Assistant Secretary. Read more

Dr. Aimee Lynn Barrion-Dupo, Graduate School Secretary, was one of the 68 awardees of the UP Scientific Productivity System for CY 2017. 

The UP Scientific Productivity System (SPS) aims to support the development of science and technology; and encourage and reward scientific productivity. 

The nominees are evaluated according to the following: Scientific Productivity as measured by scientific publications, significant technological output and discoveries; Scientific Standing; and professional Standing

Visit http://ovpaa.up.edu.ph/up-scientific-productivity-system-2/ for more details on the UP Scientific Productivity System.



Dr. Mark Dondi M. Arboleda takes-over as secretary of UPLB Graduate School effective March 4, 2015.

He succeeds Dr. Willie P. Abasolo who was appointed by the UP Board of Regents as the new dean of the College of Forestry and Natural Resources on March 3, 2015.

Read More


The 43rd Commencement Exercises of UPLB will be held on Saturday, July 4, 2015 at the D.L. Umali Freedom Park in front of the D.L. Umali HAll (UPLB Auditorium).

Click here to download the instructions





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