Economics is an important component of social science instruction in secondary level education in the Philippines. This paper aims to trace the evolution of economics education in Philippine high school through a review of all available textbooks, from the very beginning of the institution of the subject. Analyzed are the changing context, the correctness of the concepts taught, the language used in the books, the way different contemporary Philippine issues in economic development is treated, and the writer of the textbook himself or herself. The analysis also looks at the guidelines writers use in coming up with reference materials intended for a course in economics for graduating high school students.