This second edition presents the fundamentals of economics, with the key goal of providing students with an understanding of the economic issues of the 90s and a framework for understanding future economic events. Features new to this edition include: mathematical boxes which are included at the end of some chapters to show how mathematics can be applied to economics and how it provides extra insight; Reading between the lines sections featuring news articles to help students interpret daily news events using economic principles, while developing their critical thinking skills; improved clarity; and refined artwork. This text is intended for A level Economics courses and 1st year undergraduate students in introductory courses in economics.