The central idea of this book is to help economic PhD students to become familiar with some of the basic concepts in economics which helps them to follow discussions in economics as they appear in popular newspapers and magazines. This book uses real time examples as they make it easier for the students to understand the concept. The book may be of special interest to Engineers, Accountants, Managers, IT professionals, Bankers, Businessmen, Civil Servants, Journalists, Political and Trade Union Workers and other professionals who would like to pursue PhD in economics. A new student intending to specialize in economics may also find the book useful because it is so simple that it might help them understand the basic concepts of Economics more thoroughly.
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