This book has been designed strictly according to new syllabus introduced by the Central Board of Secondary Education (CBSE) for the board examination to be held in 2014 along with value based questions and for all India Senior School Certificate Examination. The subject matter of this book has been presented in a lucid manner so as to be intelligible to all students, who have a working knowledge of English. The main objective in this book is to expose the various concepts in a simple and crisp manner and thus help the students of different levels to understand the subject matter very clearly so that they can remember for a long time. This edition contains a large number of fully solved analytically questions with special care of necessary graphical presentation so that it becomes easier for the students to clear their concept. The new syllabus concentrates upon micro- and macroeconomics and their related aspects. This edition is a precise analysis of both the parts, and the author has made a sincere effort to deal with each topic of syllabus diligently. The book contains part-wise and chapter-wise division of the subject economics into two micro- and macroeconomics, and at last, there are hundreds of multiple-choice questions for the Common Proficiency Test (CPT). Therefore, the students will be highly benefited not only for the board examination but also to clear the entrance test for CA. Examination and to build their career. I hope this will be a very useful and reliable book to all readers.