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SACE 2 Year 12

Economics Key Ideas

$70.00 inc. GST
SKU: S2ECOTX
Fourth Edition
Year 12 Publication
ISBN: 978-1-921548-09-3
Authors:
  • Neil Webster 
Pages:
364

The Essentials Workbooks and Key Ideas Textbooks are designed to support the teaching of SACE Stage 1 and 2 subjects in South Australia.

SACE 2 Economics Key Ideas Textbook Fourth Edition’s changes include:

  • Improvements to explanations and structure based on teaching from the book myself and input from several teachers of year 12 Economics with cleaner, clearer writing
  • A new section of ‘how to answer examination questions’, with three SACE Stage 2 economics examinations papers and suggested answers
  • Updated examples, graphs and photos
  • Examination-style questions at the end of each section

Table of Contents

  • Key area 1: The economic problem
  • Topic 1: Identifying the economic problem
    • The economic problem
    • Economic decisions
    • Economic systems
  • Key area 2: Microeconomics
  • Topic 2: The price mechanism
    • The competitive market model
    • Shifts in demand and supply
    • Price elasticity
  • Topic 3: Markets in practice
    • Market structures
    • Market objectives
    • Market failure
    • Government intervention in markets
  • Key area 3: Macroeconomics
  • Topic 4: Macroeconomic objectives and their measurement
    • Full employment of labour
    • Price stability
    • Economic growth
    • External balance
  • Topic 5: Determination of output and price level
    • Indicators
    • The circular flow of income
    • Aggregate demand – aggregate supply model
  • Topic 6: Economic policy
    • Macroeconomic management
    • Demand management – fiscal policy
    • Demand management – monetary policy
    • Supply managenent
    • Problems of policy
  • Key area 4: Globalisation
  • Topic 7: Globalisation
    • The globalisation process
    • Free trade
    • Protection
    • Trade agreements
    • Transnational corporations and capital mobility
    • Global institutions
  • Key Area: Poverty and inequality
  • Topic 8: Poverty and inequality
    • Economic development
    • Poverty and inequality
    • Ecologically sustainable development
    • indicators of development
    • Causes of poverty and inequality
    • Promoting economic development
  • Solutions to focus questions and exam revision questions
  • Prior examinations
  • Glossary of economic terms
  • Index