This book is designed for students of Management Education to provide them a thorough understanding of Economic concepts, methodologies and the economic environment influencing managerial decisions. All concepts and basic principles are explaines mathematically with cases. All the questions and cases reinforce a deeper understanding of the concepts in all chapters. The following are the salient features of the book: * Adequate number of numerical problems requiring application of differentiation and calculus are part of most of the chapters. * Cases and Caslets are given with the appropriate topics. * Diagrammatical exposition of concepts are tabulated and explained properly * The language of book is simple and self-explanatory. * Neoteric trends in the areas of Cost, Pricing and National Imcome have been given due weightage. * Concepts are diagrammatically exposed in a elegant manner.