Pearson Economics 11 The Market Economy Reader+ 2024, 1st edition

Published by Pearson (December 1, 2023) © 2024

  • Tim Dixon
  • John O'Mahony

Access code

ISBN-13: 9780655715986
Pearson Economics 11 The Market Economy Reader+ 2024
Published 2023

Title overview

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 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

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