Includes references.

Chapter 1. Revisiting economics as a social science -- Chapter 2. Economics as an applied science -- Chapter 3. Basic economic problems and the Philippines Socieconomic development in the twenty-first century -- Chapter 4. Supply and demand dynamics -- Chapter 5. Labor supply and the overseas Filipino workers (OFWs), wages, and population growth -- Chapter 6. The Philippine peso and international currencies -- Chapter 7. Market structures -- Chapter 8. Housing starts, Philippine housing shortage, and the real estate industry -- Chapter 9. Investment and interest rates -- Chapter 10. Supply shocks and the minimum wage -- Chapter 11, Transfers and taxes -- Chapter 12. Prices, tools, and techniques -- Chapter 13. Types of industries -- Chapter 14. Identification of business opportunities -- Chapter 15. Consumers and households -- Chapter 16. Suppliers and investors -- Chapter 17. The role of government -- Chapter 18. International trade and the open economy -- References.