As contained in the CHED Memorandum Order No. 15, which stipulates the Policies, Standards, and Guidelines for Graduate Programs, the Graduate School proposal of renaming and revising the Master of Arts in Economics Program to Master of Science in Economics Program and was approved through Board Resolution No. 2368 Series of 2020.

The Revised Curriculum were benchmark from different University in the country and outside the country who are offering Graduate Program in the field of Economics. These universities include De Lasalle University, Lehigh University-USA, Manchester University, University of Asia & Pacific, Ateneo De Manila University, University of Santo Tomas, and University of the Philippines.

Experts in the discipline, practitioners from business and industry, alumni, faculty, and senior students convened to revise the curriculum. Also. a survey was conducted by the Program to compare the existing M.A. Economics curriculum with the updated CHED thrusts, policies, and standards, as well as with those institutions recognized as COE/COD, and topranking universities in the world.