The presentation provides an overview of economics by discussing: 1) Different definitions of economics from classical, modern, and neoclassical views focusing on the study of wealth, relationship between ends and scarce means, and ordinary business of life. 2) Economics as both a science and an art, concerned with both what is (positive science) and what ought to be (normative science). 3) Some basic concepts in economics including goods, utility, and their characteristics and types. 4) The uses and limitations of economic theory as well as its assumptions.