This text is essential reading for all students who require a business-oriented introduction to economics, but is particularly aimed at MBA students. The strong emphasis on economic concepts and market structures ensures that this book is entirely suitable for executive programmes also. This book is a compact, self-contained introduction on economics with a strong business and practical orientation. The book focuses on three essential branches of modern economics: competition and the market system, Macroeconomics and the economics of openess and globalisation.