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   <subfield code="c">©2009.</subfield>
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   <subfield code="a">xvii, 282 pages</subfield>
   <subfield code="b">illustrations</subfield>
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   <subfield code="a">Includes bibliographical references (pages [270]-273) and index.</subfield>
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   <subfield code="a">PART 1: BASIC ECONOMIC CONCEPTS&#13;
Chapter 1: INTRODUCTION&#13;
Why study economics? -- Macroeconomics vs. microeconomics.&#13;
Chapter 2: THE ECONOMIC PROBLEM: RESOURCE ALLOCATION&#13;
The four basic questions -- Systems of allocation -- Efficiency, trade-off, and the PPF.&#13;
&#13;
PART II: MACROECONOMICS&#13;
Chapter 3: DEMAND AND SUPPLY: BASIC ELEMENTS&#13;
The concept of demand -- Change in quantity demanded -- Market demand -- Shifts in the demand curve -- The concept of supply -- Changes in quantity supplied -- Market supply -- Shifts in the supply curve.&#13;
Chapter 4: MARKET AND EQUILIBRIUM, DEMAND AND SUPPLY APPLICATIONS&#13;
Equilibrium price and quantity -- Price ceilings and price floors -- Elasticity -- Own price elasticity of demand -- Elasticity values -- Elasticity and the total revenue test -- Determinants of own price elasticity of demand -- Price elasticity of supply -- Tax incidence.&#13;
Chapter 5: DEMAND AND CONSUMER BEHAVIOR&#13;
Income and substitution effects -- Utility concepts and measurement -- Total utility and marginal utility -- Consumer behavior -- The equi-marginal rule.&#13;
Chapter 6: PRODUCTION, COST, AND THE BUSINESS ORGANIZATION&#13;
The production function -- Short run production (Production with one variable input) -- Costs of production -- Short run analysis -- Explicit versus implicit costs -- Long run analysis -- Forms of business organizations.&#13;
Chapter 7: PERFECT COMPETITION&#13;
Characteristics of a perfectly competitive market -- Demand as seen by a perfectly competitive firm -- Revenues of the firm in a perfectly competitive market -- Short run profit maximization -- The importance of fixed and variable costs -- The firm's short run supply curve -- Profit maximization in the long run.&#13;
Chapter 8: IMPERFECT COMPETITION&#13;
Imperfect competition -- Sources of market imperfection -- Types of imperfect markets -- The nature of monopolies -- The inefficiency of the monopoly -- Regulation of a monopoly.&#13;
Chapter 9: WELFARE ANALYSIS&#13;
Consumer and producer surplus -- Welfare effects of taxation.&#13;
&#13;
PART III: NACROECONOMICS&#13;
Chapter 10: MACROECONOMIC INDICATORS&#13;
The flow of goods and services -- Indicators of a country's aggregate output -- Measuring GDP -- Using GDP or GNP to gauge a nation's economic health -- Limitations of GNP -- Inflation -- Unemployment.&#13;
Chapter 11: SIMPLE INCOME DETERMINATION&#13;
Aggregate expenditure and national income -- Savings, investment, and income -- Investment and income -- Savings, income, and the paradox of thrift -- Simple income determination: Algebraic treatment.&#13;
Chapter 12: GOVERNMENT AND ECONOMIC ACTIVITY&#13;
The role of government in modern economies -- The budget of the Philippine national government -- Government and income determination -- Fiscal policy -- The multiplier -- Inflationary and deflationary gaps -- Algebraic treatment.&#13;
Chapter 13: OPEN ECONOMY MACROECONOMICS &#13;
Balance of payments -- Exchange rate -- Income determination in an open economy.&#13;
Chapter 14: MONEY, CENTRAL BANKING, AND MONETARY POLICY&#13;
What is money -- Evolution of the modern payment systems in the Philippines -- The role of monetary institutions in the economy -- Simple money creation -- Monetary policy -- International monetary institutions and the Philippine monetary system.&#13;
&#13;
PART IV: SPECIAL TOPICS&#13;
Chapter 15: INTERNATIONAL TRADE&#13;
Why do countries trade? -- The basis for trade -- Trading with many commodities among many countries -- Free trade vs. protectionism.&#13;
Chapter 16: INTRODUCTION TO TAXATION&#13;
The role of taxes in the economy -- Types of taxation -- Revenue and tax effort trends -- Problems in tax collection.&#13;
Chapter 17: AGRARIAN REFORM&#13;
The concept of agrarian reform -- Brief history of the Philippine agrarian reform experience -- Salient features under the CARP -- Impact of the CARP.&#13;
Chapter 18: THEORIES OF DEVELOPMENT&#13;
Historical perspective of development: dualistic economies -- Classical theories of development -- Neoclassical models -- Developmentalist theories -- Sustainable development.&#13;
Chapter 19: DEVELOPMENT ECONOMICS&#13;
The meaning of growth and development -- Measuring economic growth and development -- Human development index -- The Kuznets curve -- Poverty -- Poverty situation -- Income distribution.&#13;
Chapter 20: THE ECONOMY AND THE ENVIRONMENT&#13;
The link between the environment and the economy -- Environmental issues of our time -- The economic approach to solving environmental problems -- On-the-ground initiatives by the global and domestic communities to counter environmental damages.&#13;
&#13;
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