Revised Edition of Economies (Micro and Macro Economics) which has been primarily designed as a Reference Book based on the new NCERT Syllabus and Text Book.It has been written bearing in mind the specific needs of the students of Class XII of Higher Secondary, State Open School, VHSE and CBSE. It also serves as a general introduction to the study of the basics of Economic Theory The book presents the entire syllabus in a lucid style. The new syllabus gives a modern treatment of Micro and Macro Economic Theory. New chapters on The Government - The Government Budget and the Economy and Open Economy Macroeconomics have been adequately discussed. The book is simple, yet demanding. It is brief, yet comprehensive. Apt diagrams and graphs help visualization and comprehension of the subject. Explanation of complex theories has been simplified with examples from day-to-day life. Sample questions and answers given at the end of each chapter are in accordance with the New Grading Pattern.In this new edition we have incorporated additional graphical and mathematical analysis. More problems and solutions are also included.