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This volume presents an introduction to conventional fields of mathematical economy, particularly those concerned with systems of economic elements. A specific analysis is made of various economic mechanisms, from very straightforward to highly sophisticated, both in static and dynamic functioning of the system. Management of a particular kind of variable ("pure" mechanisms) is discussed. Every mechanism is first described in detail and then the behaviour of a system with this mechanism is analyzed for feasibility of equilibrium and efficiency, both in static and dynamic cases. The first part of the book initially takes up two kinds of situations - price and non-price co-ordination mechanisms. The second part concentrates on the dynamic states of an economic system, in particular a production system. This work should be useful both to those who have just begun their training in mathematical economy, notably undergraduates and postgraduates, and managers of socio-economic systems who are interested in a different view of economic issues and the related mathematical tools.