Includes bibliography.

Chapter 1. Revisiting economics as a social science -- Chapter 2. Economics as an applied science -- Chapter 3. Philippine socio-economic development in the 21st century: basic economic problems -- Chapter 4. Application of supply and demand -- Chapter 5. Contemporary economic issues confronting the Filipino entrepreneur -- Chapter 6. Competition, customers, principles, tools, and techniques in evaluating business organizations -- Chapter 7. Types of industries and business organizations -- Chapter 8. Identification of business identification -- Chapter 9. Consumer, government, and taxation -- Chapter 10. Poverty alleviation and international trade -- Bibliography.

This textbook is done in a simplified manner that a student will fully understand and appreciate the subject Applied Economics that we need to apply in our daily life. Economics is very important to individual. Every decision we take involves an opportunity cost such as deciding which is more valuable: working overtime or having more leisure time. This is one of the things we usually ask in our daily life. Economics can also help improve living standards and make society a better place to live in.
This book complies with the new senior high school curriculum for the subject Applied Economics under the Accountancy, Business and Management (ABM) Strand of the Academic Track of Senior High School (SHS). It deals with the basic principles of applied economics, and its applications to contemporary economic issues the Filipino entrepreneur faces such as prices of commodities, minimum wage, rent, and taxes. It also covers an analysis in of industries and identification of potential business opportunities. The main output of the course is the preparation of socioeconomic impact study of a business venture.