Includes bibliographical references.

Introduction -- The Philippines economy in historical perspective -- Economics and scarcity -- Resources of the Philippines -- The allocation mechanism -- Demand -- Supply -- Market equilibrium and the determination of prices -- Consumerism and advertising -- Production and costs -- Indicator's of a nation's macroeconomic health -- Factors that affect macroeconomic performance -- Government and economic activity -- The monetary system and the economy -- Development economics -- Theories of development -- Agrarian reform -- Privatization, multinational corporations, retail trade and informal sector -- International trade -- An introduction to taxation.