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.
TABLE OF CONTENTSTopic 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
9780655716020