The second volume of Political Economy Lectures analyzes the most essential subjects of economics from the perspective of the Microeconomic approach and continues from the first volume of the Lectures (Macroeconomics).

It presents the factors related to the formation of prices for goods, as well as for productive factors. The main theories regarding land rent, wages, interest, and profit are discussed.

Particular attention is given to the views expressed on income distribution and the allocation of personal income. The material is complemented by case studies on issues related to internal and external migration, as well as the assessment of the transfer of surplus from rural to urban areas.

Changes in economic life are also outlined from the early stages of the development of civilization and economic life to the present day. The main goal of the text is to make it accessible to both readers who are encountering the problematic of the economic approach to events for the first time and to systematic researchers.