Economics : an introduction / Bernardo M. Villegas and Rolando S. Sto Domingo

Includes index.

Part I. NATURE AND APPROACH OF ECONOMICS -- Chapter 1. The Economic Problems of a Nation -- Chapter 2. The Approach of Economics -- Part II. NATIONAL INCOME ANALYSIS -- Chapter 3. The Meaning of National Income Chapter 4. The Measurement of National Income -- Chapter 5. The Determination of National Income -- Chapter 6. Consumption and Income -- Chapter 7. Investment and Income -- Chapter 8. Fluctuations in National Income -- Chapter 9. The Economies of Inflation -- Chapter 10. Productivity and National Income -- Part III. ECONOMIC POLICY AND INSTITUTIONS -- Chapter 11. Sources and Uses of Money Supply -- Chapter 12. Monetary 'Policy -- Chapter 13. Sources and Uses of Public Funds -- Chapter 14. Fiscal Policy -- Chapter 15. Sources and Uses of Dollars -- Chapter 16. Foreign Trade Policy -- Part IV. INTRODUCTION TO ECONOMIC DEVELOPMENT -- Chapter 17. The Meaning of Economic Development -- Chapter 18. A Historical Perspective of Philippine Economic Growth: 1946-1965 -- Chapter 19. Land Reform and Cooperatives in the Philippines.

We had another obsession while writing this book, that is, to give it a development orientation. Indeed, it can be said that in so far as the ordinary Filipino student is concerned, economics a 'science can only be as useful to the extent that it helps him understand the problems and issues of the nations development efforts. Why so much unemployment, balance of payment problem. evaluation, high prices, loan productivity, tight credit, higher taxes, unequitable distribution of income, and so on and so forth? These are questions that an introductory economics course must answer.