Pearson Economics 11: The Market Economy 2024 is the leading text for students undertaking the NSW Year 11 Economics course. It is fully aligned to the current Year 11 syllabus.
The 2024 text has been completely revised to reflect the latest developments in the global economy relevant to Year 11students. It guides students through an understanding of the key features of the economy in 2024, including detailed analysis of the impact of central banks' policies in light of increased inflation, including reforms to the Reserve Bank, workplace relations and climate policies. It also covers the impact of the war in Ukraine, increased inflation and the global shift to greater industry protection.
The text includes updated graphs, end-of-chapter summaries and review questions.
Highlights of the 2024 edition include:
- analysis of changes in world economic policy
- the impact of rising interest rates and the cost-of-living crisis
- the global shift towards increased support for domestic industries.
Pearson Economics 11: The Market Economy Workbook is an active learning guide to accompany the best-selling text The Market Economy. It allows students to practise their understanding of course content as they learn, with exam-style multiple choice and short answer questions. It also gives teachers valuable extension activities, skills revision, independent research tasks and classroom exercises that can help challenge students to deepen their understanding.
The 2024 edition includes contemporary examples, up-to-date statistics and new materials that link the syllabus to recent economic developments such as the rising cost of living and central banks' responses to inflationary pressures. The new edition features a new selection of exam-style multiple choice, short answer and extended response questions, as well as a variety of extension and research activities for each chapter.
Pearson Economics 11: The Market Economy 2024
TABLE OF CONTENTS
Topic 1: Introduction to Economics
- Chapter 1: What is Economics About?
- Chapter 2: How Economies Operate
- Chapter 3: How Economies Differ
Topic 2: Consumers and Business
- Chapter 4: Consumers in the Market Economy
- Chapter 5: Business in the Market Economy
Topic 3: Markets
- Chapter 6: Demand
- Chapter 7: Supply
- Chapter 8: Market Equilibrium
Topic 4: Labour Markets
- Chapter 9: Labour Demand and Supply
- Chapter 10: Labour Market Outcomes
- Chapter 11: The Changing Australian Labour Market
Topic 5: Financial Markets
- Chapter 12: Types of Financial Markets
- Chapter 13: The Money Market
Topic 6: Government and the Market Economy
- Chapter 14: The Limits of Markets
- Chapter 15: The Role of Government in Australia
- Chapter 16: Government in Action
Appendix A: Key Economic Skills
Glossary
Index
9780655716006