This book is a product of many years of teaching economics and consulting businesses in the international environs. Experience showed certain impediments in delivering major economic concepts to a diverse global audience. Authors, teachers and students are products of their own various cultures. Their educational interaction is yet another reflection of the cultural backgrounds in many ways: in semantics, in paradigms, in mentality, etc. Current text is an attempt to present basics of Micro- and Macroeconomics to fresh international students in an easy and yet comprehensive manner.