There is evidence of economic writing that dates all the way back to the Mesopotamian era. The development of modern economics is largely due to two groups which were known as the physiocrats and the mercantilists. These groups help develop capitalism in Europe in the 16th century.

The Philippines, officially known as the Republic of the Philippines, is a sovereign state in Southeast Asia in the western Pacific Ocean. English is one of the official languages of the Philippines and is a mandatory subject in all schools.

A BSc (Bachelor of Science) is an undergraduate degree that prepares students for a career in their field of study. While the degree is often related to courses in the realm of science, students in non-science fields can also earn a BSc.