Department of Economics

Level III FAAP-accredited undergraduate program
evaluated by PAASCU

Level II FAAP-accredited graduate program
evaluated by PAASCU


First offered in 1956 under the College of Liberal Arts, the Economics program has significantly contributed to the development of the country. The Department of Economics was formally established in 1968 under eminent anthropologist Dr. Marcelino Maceda, who was concurrently Chair of the Department of Sociology and Anthropology at that time. In 1974, two years after the National Economic and Development Authority (NEDA) was established as the Philippines’ highest socio-economic planning body, the agency recruited highly qualified faculty members from the Department to serve in their newly qualified regional offices in Southern Philippines. Two alumni eventually became Director-Generals of NEDA, namely Dr. Jesus P. Estanislao (1989–1990), before he was appointed as Secretary of Finance (1990–1992) and current director Dr. Ernesto M. Pernia.

During the first term of Dr. Elizabeth M. Remedio, the NEDA-based Population and Development Philippine Research Program established the Area Research Training Center (ARTC) in the department, while the Department of Energy also supported the Affiliated Non-Conventional Energy Center (ANEC). Stronger quantitative instruction for both graduate and undergraduate studies was achieved under the chairmanship of mathematician and agricultural economist Ramon Echevarria Jr. Tracks, including social science, business, statistics, law and politics, and information technology were introduced to the undergraduate program under Dr. Remedio’s second term. In 2011, the Department was transferred from the School of Arts and Sciences to the School of Business and Economics, and the A.B. Economics program renamed as B.S. Economics with minors in the aforementioned tracks.

For more information, contact:
The Chair, Department of Economics
University of San Carlos
Downtown Campus, P. del Rosario St., Cebu City 6000
Trunkline + 63 32 253 1000 local 310

Programs offered

Bachelor of Science in Economics
Tracks: Social Science, Business, Statistics, Law and Politics, and Information Technology
Master of Arts in Economics

Career tracks

Our graduates pursue careers in economics and related professions. They become economists, market research analysts, and financial analysts, while others become journalists, corporate planners, or enter government service.

Research highlights

The Department is engaged in numerous research projects including The Cebu Almanac 2016 and The Cebu Almanac 2017: The Reports, both published by USC Press. Partnership with the Department of Trade and Industry led to the Cities and Municipalities Competitive Index (2013 to 2016) and the Nationwide Streamlining of Business Permits and Licensing System Program Implementation in Local Government Units within Region VII (2013 to 2015). The Department was also tapped to evaluate the impact of Agricultural Insurance Programs of the Philippine Crop Insurance Corporation on agricultural producers in Region VII by the Philippine Institute for Development Studies (PIDS) in 2016. The Department was also tasked to conduct a ten-year (2004 to 2014) socio-economic study on the impact of power plant operations on the quality of life of surrounding communities by the Cebu Energy Development Corporation and the Toledo Power Company.

Student life

The Carolinian Economics Society is the co-curricular organization of the Department of Economics and is open to all Economics majors.

The organization publishes its own magazine, Ideas. Students in the department actively participate in co-curricular activities, including Clash of Economists, Young Economists' conventions, Blueprint Public Policy conferences, SIN Tax Congress, stock market seminar-workshops, and UNESCO club hearings. Students may also become research assistants and engage in community extension services.