UPSE Graduate Programs in Economics by Nanie Gonzales

Graduate Programs in Economics

University of the Philippines School of Economics

Prof. José Encarnación, Jr. (1928-1998) served as Dean of the UP School of Economics from 1974 to 1994. He was principally responsible for the growth of the School and for defining the direction of the country’s premier institution in economics education and research. On the occasion of his 80th birth anniversary on 17 November 2008, the UPSE main building was dedicated as José Encarnación Jr. Hall to honor the outstanding legacy of this National Scientist, University Professor par excellence and inspirational model for Filipino academics.

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The UP School of Economics The Graduate Programs Master of Arts in Economics Master in Development Economics Doctor of Philosophy in Economics List of Graduate Courses The Faculty The Facilities Program Fees and Expenses How To Apply Financial Assistance and Awards Living Arrangements

The UP School of Economics

he University of the Philippines School of Economics (UPSE) provides instruction leading to undergraduate and graduate degrees in economics. UPSE was established in 1965. The Department of Economics is responsible for the academic degree programs, while the Economics Research Center oversees the School’s research projects. A third functional department, the Public Affairs Office, coordinates the School’s various extension, training and public service activities. These are the three pillars the UPSE is known for. Now nearing its 50th year of existence, UPSE adheres to international standards of excellence and

constantly introduces innovations in teaching, research and public service. The School is dedicated to making its teaching of economics compare with the best globally. UPSE is the only institution in the country today with an internationally recognized Ph.D. program in economics. Awarded as the Center of Excellence in Economics in 1999 by the Commission on Higher Education, the School is known for graduates who have been rigorously trained and prepared to become leaders in the field. Many of the prime movers in government, business, civil society and academia obtained their formal training in economics from UPSE.

The Graduate Programs

he UP School of Economics offers graduate studies leading to degrees in:

• Master of Arts in Economics • Master in Development Economics • Doctor of Philosophy in Economics These programs are designed to provide future economists in government, industry, nongovernment and international organizations with rigorous training in the methods and applications of economic analysis.

Admission to these programs is not limited to undergraduate degree holders in economics. Those with undergraduate degrees in mathematics, statistics, engineering, physical sciences, agricultural sciences, and other social sciences are likewise encouraged to apply. To supplement the academic course work, UPSE organizes and hosts public lectures on various topics relevant to the country and the world economy. Students are exposed to opportunities to actively participate in healthy debates.

Master of Arts 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 First Semester Macroeconomic Theory I (Econ 201) Microeconomic Theory I (Econ 202) Mathematical Economics (Econ 206) Economic Statistics (Econ 231) Second Semester Macroeconomic Theory II (Econ 203) Microeconomic Theory II (Econ 204) Econometrics I (Econ 232) Elective* Master’s qualifying examination

Third Semester (Thesis Track) Master’s Thesis (Econ 300) Third Semester (Non-thesis Track) Elective* Elective* Research Seminar I (Econ 299) M.A. Comprehensive Examination** *Electives are available in the following fields: Agricultural Economics, Demographic Economics, Health Economics, Human Resource Economics, International Economics, Monetary Economics, Public Economics, Econometrics, and Industrial Economics. Visit our website for a list of subjects currently offered. **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.

Master in Development Economics Admission Requirements The MDE program gives priority in admission to middle-level technical and professional personnel from all branches of government service whose current or future work involves development planning, policy analysis, applied economic research, or project development. While those who are officially nominated by their agencies are given preference, the program is also open to other qualified applicants from the private sector. The applicant should: • Possess at least a bachelor’s degree, supported by a strong academic record; • Have a minimum of two years’ experience in work related to development planning, policy analysis, applied economic research, or project development; • Show adequate verbal and quantitative proficiency as reflected in a required admission test; and • For government agency nominees, have a regular appointment or be in line for such regular appointment. The Graduate Admission Committee administers the aptitude and achievement test, interviews the applicants, and selects the successful nominees.

Degree Requirements To qualify for the MDE 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 and a master’s thesis of 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, an MDE comprehensive examination, and a research seminar course (Econ 299) in which a paper is required. These requirements are normally completed in three semesters of full-time study. The comprehensive examination shall consist of a four-hour examination in economic analysis (macroeconomics and microeconomics) and another two-hour examination in the field of economic development. It can only be taken after the student has completed all course requirements. The examination is passed or failed as a whole, with a passing mark equivalent to a grade of 2.0. Students who fail the examination may retake it only once.

Grade Requirements A cumulative weighted average of 2.0 or better must be maintained at the end of every academic year for a student to remain in good standing. Failure to meet this requirement for two academic years will disqualify the student from the program. In addition, a student should earn a grade of 2.5 or better in each course. To qualify for graduation, a student must obtain a general weighted average of 2.0 or better.

Program of Study Full-Time Study First Semester Economic Analysis I (DE 201) Economic Analysis II (DE 202) Quantitative Methods I (DE 206) Growth, Poverty and Institutions (DE 291) Second Semester Quantitative Methods II (DE 231) Public Sector Economics for Development (DE 251) Project Analysis and Evaluation (DE 253) Program Evaluation (DE 292) Third Semester (Thesis Track) Master’s Thesis (Econ 300) Third Semester (Non-Thesis Track) May take two of the following, but not all three in a semester: • Institutional and Policy Analysis (DE 293) • Trade Policy and Development (DE 241) • Local Public Economics (DE 252) Research Seminar I (Econ 299) MDE Comprehensive Examination* Part-Time Study, Thesis Track First Semester Economic Analysis I (DE 201) Quantitative Methods I (DE 206) Second Semester Economic Analysis II (DE 202) Quantitative Methods II (DE 231)

Third Semester Growth, Poverty and Institutions (DE 291) Any two of the following in the same semester: • Institutional and Policy Analysis (DE 293) • Trade Policy and Development (DE 241) • Local Public Economics (DE 252) Fourth Semester Project Analysis and Evaluation (DE 253) Program Evaluation (DE 292) Public Sector Economics for Development (DE 251) Fifth Semester Master’s Thesis (Econ 300) Part-Time Study, Non-Thesis Track First Semester Economic Analysis I (DE 201) Quantitative Methods I (DE 206)

Second Semester Economic Analysis II (DE 202) Quantitative Methods II (DE 231) Third Semester Growth, Poverty and Institutions (DE 291) Any two of the following in the same semester: • Institutional and Policy Analysis (DE 293) • Trade Policy and Development (DE 241) • Local Public Economics (DE 252) Fourth Semester Public Sector Economics for Development (DE 251) Project Analysis and Evaluation (DE 253) Program Evaluation (DE 292) Fifth Semester Research Seminar I (Econ 299) MDE Comprehensive Examination*

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 computerbased 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 the processing of application Applicants are required to take the entrance test which is usually scheduled in March prior to the start of the academic year. Interviews are scheduled a few days after the test.

*MDE Comprehensive Examination is usually given in May. Outside of classroom hours, students may be required to attend lectures given by policymakers and development practitioners, and regular Friday seminars by faculty and graduate students. In addition, participation in a study tour of development projects is recommended but not required. Study tours are usually arranged during the semestral break. Previous study tours were conducted in neighbor countries such as Thailand, Hong Kong, Taiwan, South Korea, Malaysia and Vietnam.

Doctor of Philosophy in Economics Admission Requirements Applicants to the Ph.D. program must have completed at least 24 units of course work in the M.A. Economics program with a weighted grade average of 1.5 or better. In addition to previous academic performance, admission will also depend on an evaluation of the student’s ability to undertake the second-year course work of the Ph.D. program, to pass the comprehensive examination, and to produce an acceptable dissertation. If existing qualifications for doctoral-level study are deemed insufficient, the applicant will be advised to complete all requirements for the M.A. Economics degree before being considered for admission to the Ph.D. program. In exceptional cases, a highly qualified applicant who has obtained a master’s degree in economics from another institution may be admitted directly to the Ph.D. program and credited with up to 18 units towards the Ph.D. degree. Degree Requirements In order to qualify for the Ph.D. degree, a student must successfully complete 48 units of formal course work, pass a comprehensive examination with a grade that advances him or her to candidacy, and write a dissertation. Completion of all requirements for the Ph.D. degree would normally take three years of full-time study. Course Requirements The School requires all its doctoral students to be proficient in economic theory and have some training in quantitative methods as well as

familiarity with economic history or history of economic thought. • Economic Theory. Grades of 2.0 or better in Macroeconomic Theory I (Econ 201), Microeconomic Theory I (Econ 202), Macroeconomic Theory II (Econ 203), and Microeconomic Theory II (Econ 204) are required for Ph.D. students • Mathematics. The mathematics requirement may be met by (a) completion of Mathematical Economics (Econ 206) with a grade of 2.0 or better; or (b) passing a special examination for the purpose • Statistics and Econometrics. A grade of 2.0 or better in Economic Statistics (Econ 231) and Econometrics I (Econ 232) or passing a special examination for the purpose satisfies the statistics requirement • Economic History or the History of Economic Thought. This requirement is met by a grade of 2.0 or better in Economic History (Econ 211) or History of Economic Thought (Econ 209). However, a special examination option is also possible Grade Requirements Under University rules, a student must maintain a cumulative weighted grade average of 1.75 at the end of each academic year to remain in good standing. Failure to satisfy this grade requirement will result in the student’s disqualification from the program. To successfully complete the program, a grade of 2.5 or better must be earned in each course towards an overall weighted average of 1.75 or better.

Program of Study Admission to the Ph.D. program presupposes completion of at least 24 units (two semesters) of course work under the masterâ&#x20AC;&#x2122;s program. The doctoral program requires the student to pass a comprehensive examination given after the second semester of second-year course work.

Second Semester Advanced Macroeconomic Theory (Econ 301) History of Economic Thought (Econ 209) or Economic History (Econ 211) Econometrics II (Econ 233) Elective* Ph.D. Comprehensive Examination** Ph.D. Dissertation (Econ 400)

First Semester Advanced Microeconomic Theory (Econ 302) Advanced Mathematical Economics (Econ 207) Elective* Elective*

* 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. Visit our website for a list of subjects currently offered. **Ph.D. Comprehensive Examination is usually given in May.

List of Graduate Courses Econ 201 (Macroeconomic Theory I) Theories of income and employment determination and the business cycle; theories of inflation and unemployment; the macroeconomy and the fiscal, monetary, and external sectors; open economy macroeconomics; stabilization policies Credit: 3 units Econ 202 (Microeconomic Theory I) Preference and choice; consumer choice and demand; production, costs, profits, and supply; competitive markets; market structure; externalities, public goods, and market failure; general equilibrium and welfare Credit: 3 units Econ 203 (Macroeconomic Theory II) Theories of consumption, saving, and investment; theories of growth, theories of economic development and accumulation Credit: 3 units Prereq: Econ 201/COI* Econ 204 (Microeconomic Theory II) Information asymmetry; hidden action; equilibrium under uncertainty and over time; social choice; axiomatic bargaining; incentiveand mechanism-design. Credit: 3 units Prereq: Econ 202/COI Econ 205 (Special Topics in Economic Theory) Credit: 3 units Prereq: Econ 201, 202/COI Econ 206 (Mathematical Economics) Applications of linear algebra, theory of functions, linear and nonlinear optimization in economic theory. Credit: 3 units Prereq: Econ 201, 202/COI

Econ 207 (Special Topics in Mathematical Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 209 (History of Economic Thought) Development of important theoretical concepts in economics and political economy; a critical reading of the original sources Credit: 3 units Prereq: Econ 201, 202/COI Econ 211 (Economic History) Economic change, development and the evolution of important institutions in selected countries; the application of economic analysis to historical issues Credit: 3 units Prereq: Econ 201, 202/COI Econ 221 (Monetary Economics) Classical monetary theory; Keynesian models; rational expectations models; development finance; monetary policy Credit: 3 units Prereq: Econ 201, 202/COI Econ 222 (Advanced Monetary Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 223 (Special Topics in Monetary Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 231 (Economic Statistics) Statistical methods in the analysis of economic data meeting minimum needs for quantitative research work in economics Credit: 3 units Prereq: Econ 201, 202/COI *Consent of Instructor

Econ 232 (Econometrics I) Estimation of a single linear relationship; the simultaneous equations approach Credit: 3 units Prereq: Econ 201, 202, 231/COI Econ 233 (Econometrics II) Simultaneous equations systems, estimation methods and problems Credit: 3 units Prereq: Econ 201, 202, 232/COI Econ 236 (Economic-Demographic Methods) Issues and problems in demographic measurement; sources and quality of demographic data; applications of demographic concepts; model estimation Credit: 3 units Prereq: Econ 201, 202/COI Econ 241 (International Economics) Theory of international trade and factor movements; theory of protection and domestic distortions; exchange-rate theories and balance of payments adjustment mechanisms; macroeconomic policy in an open economy Credit: 3 units Prereq: Econ 201, 202/COI Econ 242 (Advanced International Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 243 (Special Topics in International Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 251 (Public Economics) Market failures; theory of public goods; public choice and incentive mechanisms for goods allocation; public sector pricing; incentive effects of taxation; optimal taxation and redistribution Credit: 3 units Prereq: Econ 201, 202/COI

Econ 252 (Advanced Public Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 253 (Special Topics in Public Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 261 (Industrial Economics) Analysis of market structure, conduct and performance; determinants of the behavior, scale, scope and organization of business firms; public policy towards business Credit: 3 units Prereq: Econ 201, 202/COI Econ 271 (Economics of Agriculture) Theoretical and empirical analyses of rural institutions and agricultural resource use; technological change; macro-aspects of agriculture Credit: 3 units Prereq: Econ 201, 202/COI Econ 272 (Special Topics in Agricultural Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 275 (Natural Resource and Environmental Economics) Analysis of problems in the development and management of exhaustible and renewable resources; environmental problems and policies Credit: 3 units Prereq: Econ 201, 202/COI Econ 276 (Special Topics in Natural Resource and Environmental Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 281 (Human Resource Economics) Theories of labor supply and demand; aspects of human capital theory; wage structure; labor markets in developing countries; models of unemployment Credit: 3 units Prereq: Econ 201, 202/COI

Econ 282 (Special Topics in Human Resource Economics) Credit: 3 units Prereq: Econ 201, 202/COI

Econ 293 (Special Topics in Development Economics) Credit: 3 units Prereq: Econ 201, 202/COI

Econ 283 (Economics of Population). Determinants of mortality, fertility and migration; interaction between population growth and development; aging; population policy and development planning Credit: 3 units Prereq: Econ 201, 202/COI

Econ 295 (Reading Course in Graduate Economics). Credit: 3-6 units Prereq: Graduating status in the current semester/COI

Econ 284 (Special Topics in Economics of Population) Credit: 3 units Prereq: Econ 201, 202/COI Econ 286 (Health Economics) Approaches to the study of health economics; determinants of health; behavior of health care markets; non-market alternatives to health care provisions; applications to health problems in developing countries Credit: 3 units Prereq: Econ 201, 202/COI Econ 287 (Special Topics in Health Economics) Credit: 3 units Prereq: Econ 201, 202/COI Econ 291 (Development Economics I) Theories of economic growth and development; background and comparative analyses of growth in developed and developing countries Credit: 3 units Prereq: Econ 201, 202/COI Econ 292 (Development Economics II) Long-term strategies and policies for economic growth and their underlying problems and issues; projections from macroeconomic models; project evaluation Credit: 3 units Prereq: Econ 201, 202/COI

Econ 296 (Urban and Regional Economics) City structure and city systems; urban growth models; location theory; regional income theory and regional interdependence Credit: 3 units Prereq: Econ 201, 202/COI Econ 298 (Special Studies in Economics) Credit: 3 units Prereq: Econ 201, 202/COI *May be taken more than once provided topics are different

Econ 299 (Research Seminar I) Credit: 3 units Prereq: Econ 201, 202/COI Econ 300 (Masterâ&#x20AC;&#x2122;s Thesis) Credit: 6 units Prereq: Econ 201, 202/COI Econ 301 (Advanced Macroeconomic Theory) Credit: 3 units Prereq: Econ 201, 202/COI Econ 302 (Advanced Microeconomic Theory) Credit: 3 units Prereq: Econ 201, 202/COI Econ 399 (Research Seminar II) Credit: 3 units Prereq: Econ 201, 202/COI Econ 400 (Dissertation) Credit: 24 units Prereq: Econ 201, 202/COI

DE 201 (Economic Analysis I) The measurement, analysis and control of aggregate economic activity; money and the price level; the role of government; models of the open economy; international trade and the balance of payments Credit: 3 units DE 202 (Economic Analysis II) The theory of consumer behavior and the theory of the firm; pricing and allocation of goods and factors of production in different market situations; economic efficiency and welfare considerations Credit: 3 units DE 206 (Quantitative Methods I) Mathematical tools for economic analysis and model building; applications to macroeconomic and microeconomic problems; optimization techniques Credit: 3 units DE 231 (Quantitative Methods II) The analysis of economic data; sample survey techniques; statistical tools for model estimation and forecasting; computer applications Credit: 3 units DE 241 (Trade Policy and Development) Theories of trade, trade protection, regionalism and multilateralism; relationship between trade and development; global trade governance; special issues affecting global trade Credit: 3 units Prereq: DE 201, 202/COI. DE 251 (Public Sector Economics for Development) Taxation, resource allocation, and welfare; public expenditures and collective consumption; efficiency and equity aspects of fiscal policy Credit: 3 units Prereq: DE 201, 202/COI

DE 252 (Local Public Economics) Economic analysis of local or sub-national governments and their roles in and contributions to economic development; public financial management and expenditure analysis; local government performance and innovations Credit: 3 units Prereq: DE 201, 202/COI DE 253 (Project Analysis and Evaluation) Methods of project appraisal, selection, and post-evaluation from the private and social viewpoints; case studies of selected Philippine projects Credit: 3 units Prereq: DE 201, 202/COI DE 291 (Growth, Poverty and Institutions) Economic development problems and analytical models of growth and development; structural adjustment; poverty and income distribution. Credit: 3 units Prereq: DE 201, 202/COI DE 292 (Program Evaluation) Issues and experiences in economic development; techniques in program evaluation Credit: 3 units Prereq: DE 201, 202/COI DE 293 (Institutional and Policy Analysis) Political economy of policymaking; impact of political institutions, power relations and social dynamics on the efficiency and effectiveness of public policies Credit: 3 units Prereq: DE 201, 202/COI DE 298 (Special Problems in Development Economics) Credit: 3 units Prereq: DE 201, 202/COI

The Faculty Professors Arsenio M. Balisacan, Ph.D. (Hawaii, 1985) (on secondment) Agricultural Economics, Development Economics, Poverty and Income Distribution Ma. Socorro G. Bautista, Ph.D. (Columbia, 1984) (on secondment) Macroeconomics, Monetary Economics, International Economics Fidelina N. Carlos, Ph.D. (Oregon, 1986) Macroeconomics, Microeconomics, International Economics Ramon L. Clarete, Ph.D. (Hawaii, 1984) Agricultural Economics, Development Economics, Multilateral Trade Policy, International Economics, Public Economics Emmanuel S. de Dios, Ph.D. (U.P., 1987) International Economics, Economic Theory, History of Economic Thought Raul V. Fabella, Ph.D. (Yale, 1982) Economic Theory, Agricultural Economics, International Economics Charles Yuji Horioka, Ph.D. (Harvard, 1985) Macroeconomics, Household Economics, Japanese Economy, Asian Economies Joseph Anthony Y. Lim, Ph.D. (Pennsylvania, 1985) Macroeconomics, Econometrics, and Development Economics

Stella Luz A. Quimbo, Ph.D. (U.P., 2000) Microeconomics, Health Economics, Industrial Organization, Behavioral Economics, Impact Evaluation Orville Jose C. Solon, Ph.D. (U.P., 1987) Microeconomics, Health Economics, Urban and Regional Economics Associate Professors Ma. Joy V. Abrenica, Ph.D. (U.P., 1995) Industrial Organization, Economics of Technological Change, International Economics Agustin L. Arcenas, Ph.D. (Michigan State, 2002) Environmental and Natural Resource Economics Joseph J. Capuno, Ph.D. (U.P., 1997) Public Economics, Development Economics, Health Economics, Impact Evaluation Emmanuel F. Esguerra, Ph.D. (Ohio State, 1993) (on secondment) Labor Economics, Public Economics, Development Economics Aleli D. Kraft, Ph.D. (U.P., 1997) Microeconomics, Health Economics, Impact Evaluation Toby Melissa C. Monsod, Ph.D. (U.P., 2008) Public Economics, Urban and Housing Economics, Project Evaluation, Development Economics

Assistant Professors Rosa M. Alonso I Terme, Ph.D. (John Hopkins, 1997) International Economics, International Relations, Public Economics Romeo Matthew T. Balanquit, Ph.D. (Jawaharlal Nehru, 2011) Microeconomics, Game Theory, Mathematical Economics, Industrial Organization Sarah Lynne S. Daway, Ph.D. (U.C. Riverside, 2012) Macroeconomics, Monetary Economics, History of Economic Thought, Financial Economics Geoffrey M. Ducanes, Ph.D. (U.P., 2011) Econometrics, Human Resource Economics, Development Economics Marina Fe B. Durano, Ph.D. (Manchester, 2006) Development Economics, Macroeconomics, International Economics, Economics History, Economics of Gender Maria Margarita D. Gonzales, Ph.D. (U.P., 2006) Macroeconomics, Monetary Economics, Financial Economics Cielo D. Magno, Ph.D. (Northeastern, 2013) Law and Economics, Public Economics, Microeconomics, Health Economics Ma. Nimfa F. Mendoza, Ph.D. (British Columbia, 1989) International Economics, Public Economics, Production Analysis

Marjorie C. Pajaron, Ph.D. (Hawaii, 2011) Health Economics, Macroeconomics, Applied Microeconomics, Development Economics, Monetary Economics Majah-Leah V. Ravago, Ph.D. (Hawaii, 2012) Environment and Resource Economics, Development Economics, Behavioral Economics Renato E. Reside, Jr., Ph.D. (Fordham, 1996) Financial Economics, Macroeconomics, Monetary Economics, Econometrics Professors Emeriti Rolando A. Danao, Ph.D. (U.C. Berkeley, 1975) Mathematical Economics, Operations Research, Econometrics Solita C. Monsod, M.A. (Pennsylvania, 1962) Development Economics, Poverty and Income Ernesto M. Pernia, Ph.D. (U.C. Berkeley, 1976) Development Economics, Demographic Economics, Human Resource Economics Gerardo P. Sicat, Ph.D. (MIT, 1963) Development Economics Edita A. Tan, Ph.D. (U.C. Berkeley, 1967) Human Resource Economics, Monetary Economics Professorial Lecturers Luzeta C. Adorna, Ph.D. (Syracuse, 2007) Labor Economics, Human Resource Economics, Public Economics, Applied Microeconomics

Florian A. Alburo, Ph.D. (Colorado, 1974) Agricultural Economics, International Economics, Monetary Economics

Benjamin Endriga, Master of Public Policy, (Saitama, 2000) International Trade, Development Economics

Ruperto P. Alonzo, M.A. (U.P., 1969) Agricultural Economics, Human Resource Economics, Public Economics (Project Evaluation)

Susan S. Navarro, M.A. (U.P., 1983) Mathematical and Quantitative Economics

Benjamin E. Diokno, Ph.D. (Syracuse, 1981) Public Economics, Political Economy Teresa J. Ho, Ph.D. (Stanford, 1980) Microeconomics, Public Economics

Roberto Rafael J. Pulido, Master of Law in Environmental Law (Vermont Law School, 2013) Law and Economics, Environmental Law Elizabeth S. Tan, M.A. (U.P., 1983) International Trade, Development Economics

Aniceto C. Orbeta, Jr., Ph.D. (U.P., 1992) Applied Economic Modelling, Demographic Economics, Impact Evaluation

Mariam Soraya P. Tuvera, M.S. (London, 1987) Economic History

Cayetano W. Paderanga, Jr., Ph.D. (Stanford, 1979) Urban and Regional Economics, Public Economics, Development Economics

Jackson L. Ubias, PhD candidate (U.P.2007- ) Monetary and Development Economics

Niceto S. Poblador, Ph.D. (Pennsyvania, 1972) Knowledge Economics, Managerial Economics, Organization Theory

Visiting Professors

Josef T. Yap, Ph.D. (U.P., 1985) Econometrics Senior Lecturers Hayde B. Arandia, MPA (U.P., 1977) Accounting Patricia T. Coseteng, BSBA Accountancy (U.P., 1992) Accounting

James A. Roumasset, Ph.D. (Wisconsin, 1973) Resource Economics, Development Economics Jesus S. Villa, Ph.D. (Munich, 2010) Financial Economics Jeffrey G. Williamson, Ph.D. (Stanford, 1961) Economic History, International Economics, Economic Development

The Facilities

earning facilities of the UPSE include 11 fully air-conditioned classrooms, most of them with state-of-the-art audiovisual equipment, five seminar rooms, a computer laboratory, and a three-storey library building. SE Library The School of Economics Library houses one of the richest and finest collections in economics in Southeast Asia. The UPSE Library maintains a core historical research collection alongside a fast-growing and dynamic current collection of print and electronic materials to support the instructional requirements and research thrusts of the School. The Library is also the official depository of the World Bank, International Monetary Fund, and Asian Development Bank publications in the country.

SE Computer Center The School of Economics Computer Center serves the data processing and other computing requirements of the faculty, students, staff and economics researchers. Students taking courses in econometrics and related fields use the center to access various licensed software packages. EconLit @EBSCOhost and JSTOR are the two most important online database subscriptions of the Library.

Program Fees & Expenses*

he University charges tuition fees of PhP700 per unit, plus student activity and miscellaneous fees of about PhP1,415 per semester. Thus, a semester of 12 units would normally cost PhP9,995. A different fee structure applies to foreign students in accordance with University rules. The cost of the study tour (travel, accommodations and meals) depends on the sites to be visited.

A separate fee of PhP3,500 is also charged for instructional materials. A different fee structure applies to foreign students in accordance with University rules. All incoming first-year students are encouraged to attend a refresher course scheduled for eight consecutive Saturdays. The fee for the refresher course is PhP4,000. *Subject to change

How to Apply You may apply either online or by post. Online: Visit http://www.graduate.econ.upd.edu.ph. This website contains the details of the UP School of Economics Graduate Programs, including downloadable application forms. By Post: Application details and application forms are available at the Graduate Admission and Fellowships Office, Room 212, Encarnaci贸n Hall, School of Economics, University of the Philippines Diliman, Quezon City 1101 Philippines. You may contact the Office at telephone numbers (632) 9205460 or 927-9686 loc 212 or 210. Fax is (632) 9205460 or 920-5463.

A fee of Ph500 (about US$20) is required for processing of the application. You may deposit payment of the application processing fee to: Bank of Philippine Islands (Loyola Branch) Current Account # 3081-0755-13 Account Name: UPSE Fellowships Bank Routing Code: BOPIPHMM (Swift Code) Upon payment, please send us copy of the deposit slip, with your name, through e-mail (graduate@econ.upd.edu.ph) or fax to (632) 9205460 or (632) 920-5463. Only applications with confirmed payments will be considered. You may check with the graduate office if payment was received.

Financial Assistance and Awards

ellowships are available on a competitive basis. The scholarship benefits include monthly stipend, tuition and other allowances. Additionally, the UPecon Foundation, Inc. through its Health Policy Development Program (HPDP), provides grants to students who are interested in pursuing a course in health economics. The HPDP is an initiative funded by the United States Assistance for International Development (USAID) to provide technical assistance to the Department of Health. The Philippine Center for Economic Development (PCED), a government-owned and controlled corporation created by virtue of Presidential Decree No. 453, is mandated to give financial and other assistance to the research, teaching, training and other programs of the UP School of Economics. Other scholarships offered to deserving students are: • G.P. Sicat Economics Award • Ayala Corporation-UPSE Fellowship Grant • Program in Financial Economics Scholarship sponsored by UnionBank • Graduate Trust Fund Dissertation Fellowship

Owing to limited funds, however, applicants are encouraged to seek other sources of financial support. In addition to scholarships, awards for outstanding research papers are offered to graduate students. These are:

Best Graduate Research Paper Award

The best among the research papers submitted by M.A. and MDE graduate students taking Econ 299 and Econ 300 will be awarded a cash prize of PhP50,000. Publication Award This award will be given to any graduate student who can publish a paper in an internationally recognized professional journal, not necessarily his or her thesis or research paper. A cash prize of PhP50,000 for every published paper awaits writers. Manolo and Vicki Abella Research Award on Labor and Migration Graduate-level thesis writers (Econ 300) and Econ 299 students may opt to write papers on labor, migration or human resources. The best paper wins a prize of US$1,000.

Living Arrangements

he University has a number of openings for on-campus accommodations. The UP International Center is a coeducational dormitory specially built to accommodate its students from all over the world. It was built in 1965 as a joint undertaking of the Rockefeller Foundation and the University.

In addition, the Balay Internasyonal and the University Hotel offer alternative accommodations. Another recently-built residential facility for students is the Kamagong Residence Hall situated within the housing areas of the University. Offcampus housing facilities are also available where students can make their own arrangements.

For inquiries about UP School of Economics graduate programs, please contact: The Graduate Admission and Fellowships Office Room 212, Encarnaci贸n Hall, School of Economics University of the Philippines Diliman, Quezon City 1101 Philippines Phone: (632) 920-5460 or 927-9686 loc. 212/210 Fax: (632) 920-5460 or 920-54-63 Email: graduate@econ.upd.edu.ph