The books have been prepared exclusively for the ISC course in Economics. The basic aims of the study of economics have been identified as follows: ?? Equip the candidates with knowledge (information) and develop an understanding of facts, terms, concepts, conventions, trends, principles, generalisations, assumptions, hypotheses, problems, processes, etc. ?? Acquaint the candidates with tools of economic problems. ?? Familiarise the candidates with the main institutions through which the productive process is carried out. ?? Develop an understanding of the role of institutions in the functioning of an economy. ?? Enable the candidates to compare their own economic structure with that of the other areas of the world.