The present edition would surely serve to the reader's delight with its elaborate incorporation of some new concepts, diagrams and at certain places, almost the entire chapter. These changes are brought upon in the book to cater to the needs of both university exams takers as well as different national and state level competitive examination aspirants. The content highlights of this revised, upgraded edition are:
•    Demand Curve from Indifference Curve
•    Measurement of Price Elasticity of Demand
•    Managerial Application of Indifference Curve
•    Compensating and equaivalent Variation
•    Elasticity of Supply
•    Pricing of Policy and Disinvestment of Public Sector (India)
•    Collusive Oligopoly
•    Effective Demand and Consumption Function
•    IS-LM Framework
•    Demand Puff and Cost Push inflation
•    Cobweb Theory
•    Purchasing Power Parity Theory
•    Principle of Tax Incidence » Fiscal Policy
•    Some new topics in welfare economics
Further, the profusely illustrated Multicolour presentation of the book with pictorial and graphical information, is an innovative step taken by the publishers to make the book even more interesting and thus help the readers understand the subject matter in a better manner.
Contents :

• Unit I - Nature and Methodology of Economics
• Unit II - Theory of Demand
• Unit III - Theory of Production
• Unit IV - Product Pricing
• Unit V - Factor Pricing

• Unit I - Social Accounting
• Unit II - Theory of Income Determination
• Unit III - Economic Fluctuations

Part Three - Money and Banking

• Unit I - Monetary Standards and Theory of Money and Prices
• Unit II - Banking

Part Four - International Economics

• Unit I - International Trade Theory
• Unit II - Balance of Payments and International Monetary System

Part Five - Public Finance
Part Six - Economic Systems
Part Seven - Economics of Development and Planning

• Unit I - Economics of Development
• Unit II - Development Planning