The subject Economics has undergone profound changes overtime. Its growth was phenomenal over the last couple of decades. The applicability of the subject expanded beyond its borders and have occupied a wide variety of spectrums.

The global economic scenario has turned highly intricate and poses challenges for theorists, academicians and policy framers across the globe. From household management to global economic relations- the scope of Economics diversifies in a huge pace.

The study of Economics incorporates real world issues concerning past and current scenario, thereby torching towards future prospects. Such a backdrop demand firm understanding of the economic forces, enabling its students (academicians, policy makers and critics) to devise practical and ingenious application to tackle the real-world problems and enabling the economy to sustain.

This book is structured for students who wish to pursue their careers in the field of Economics or similar other related disciplines, or to improve their knowledge of economic theory and its applications.