Menu
On a machine with Android Studio installed, click Tools > Android > SDK Manager. At the top of the window, note the Android SDK Location. Navigate to that directory and locate the licenses/ directory inside it.
By default the Android SDK location is stored at “/Users/[USER]/Library/Android/sdk” or at “/Library/Android/sdk/”.
To set the Android SDK location, enter the full path of the Android SDK directory into the Android SDK Location box. You can navigate to the Android SDK location in File Explorer, copy the path from the address bar, and paste this path into the Android SDK Location box.
Navigate to “Appearance & Behavior” > “System Settings” > “Android SDK” and now you can see the SDK versions that were installed in the “API Level” and “Name” columns (focus on “API Level”).
For Mac/OSX the default location is /Users/<username>/Library/Android/sdk.
Android Studio on Windows 8:
C:\Users\username\AppData\Local\Android\sdk\extras\intel\Hardware_Accelerated_Execution_Manager\intelhaxm-android.exe
(in username : please enter valid username)
Install it and restart your Android Studio.
The above steps are similar for win 7 and also same for eclipse.
Update: Windows 10 (similar steps) - pointed out by RBT
This is the sdk path Android Studio installed for me: "C:\Users\<username>\appdata\local\android\sdk"
I'm running windows 8.1.
You can find the path going into Android Studio -> Configure -> SDK Manager -> On the top left it should say SDK Path.
I don't think it's necessary to install the sdk separately, as the default option for Android Studio is to install the latest sdk too.
I had forgot where the sdk location was installed to so what I did was open Android Studio and selected Settings then used the following submenu
Current 1/1/2017:Tools -> SDK Manager
outdate: Appearance & Behavior -> System Settings -> Android SDK
There the sdk location was listed as Android SDK Location
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