This is the second edition of the bestselling Asian adaptation of N. Gregory Mankiw’s market leading textbook, Principles of Economics. While maintaining all the strengths of the first Asian edition and the original book, Professor Euston Quah and Dr. Peter Wilson have provided updated materials and examples that are most relevant to students in Asia. The book reflects Asian economic institutions and policies, features companies that operate in the region, and includes economic data from various Asian countries. It, however, retains a strong international focus to enable students to place the Asian experience in a global context. The book provides students with a solid foundation to the principles and concepts of economics. Written for students taking economics for the first time, it focuses on core concepts and how these concepts are applied to the real world. Examples and cases throughout the text show students the relevance of the theory they are learning.