Android Studio 1.0.1 add external libraries

Question

I have just downloaded Android Studio 1.0.1 and this is the new project structure

Answer 1

In My Case to add external library project into android studio 1.1.0

step-1 : File -> Import Module -> set path for library project

step-2 : Set dependencies{} in main projects's build.gradle like,

dependencies {
    compile project(':facebookSDK')
    compile project(':slidingMenu')
    compile project(':SkyconsLibrary')
}