A comprehensive introduction to microeconomics in general; set against a contemporary South African background. Covers all the material usually prescribed for introductory courses and lays a solid foundation for intermediate and advanced studies in economics. Aimed at economics students. *A companion book; Understanding macroeconomics; is also available. Contents include the following: � Important concepts; issues and relationships � Demand; supply and prices � Elasticity � The theory of demand: utility approach and indifference approach � Production and cost � Market structure