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SACE 2 Year 12

Economics 1st Edition (2021)

$55.00 inc. GST This item will be released December 16, 2020.
SKU: S2ECOWK1ST Category:

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First Edition
Year 12 Publication
ISBN: 978-1-925505-42-9
Authors:
  • Neil Webster 
Pages:
350

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 Essentials Workbook 1st Edition (2021) changes include:

  • Completely re-written for the SACE 2 Economics Subject Outline changes in 2021
  • Full-colour workbook with a comprehensive summary of SACE 2 Economics conceptual theory
  • Improvements to explanations and structure based on teaching from the book myself and input from several teachers of SACE2 Economics
  • A new section of ‘how to answer examination questions’, with three SACE 2 economics examinations papers and suggested answers
  • Updated examples, graphs and photos
  • Examination-style questions at the end of each section.

Table of Contents

  • Topic 1:   Identifying The Economic Problem

1.1       The economic problem

1.2       Economic decisions

1.3       Economic systems

 

  • Topic 2:   The Market Mechanism

2.1       The competitive market model

2.2       Shifts in demand and supply

2.3       Price elasticity

  • Topic 3:   Market in Practice

3.1       Market structures

3.2       Market objectives

3.3       Market failure

3.4       Government intervention in markets

 

 

  • Topic 4:   Macroeconomic Objectives

4.1       Full employment of labour

4.2       Price stability

4.3       Economic growth

4.4       External balance

4.5       Data analysis

 

  • Topic 5:   Determination of Production, Employment and Inflation

5.1       Indicators

5.2       Circular flow of income

5.3       Components of total expenditure

5.4       Roles of financial institutions

5.5       Level of income

5.6       Expenditure multiplier

5.7       Aggregate demand-aggregate supply model

5.8       Shifting the curves­ – Aggregate demand

5.9       Shifting the curves­ – Aggregate supply

5.10     Limitations of the AD – AS model

 

 

  • Topic 6:   Economic Policies

6.1       Macroeconomic management

6.2       Demand management – Fiscal policy

6.3       Demand management – Monetary policy

6.4       Supply management

6.5       Supply management – competition policy

6.6       Supply management – labour market reform

6.7       Deregulation

6.8       Privatisation

6.9       Taxation

6.10     Effectiveness of economic policies

6.11     Problems of policy

 

  • Topic 7:   The Global Economy

7.1       Globalisation

7.2       Free trade

7.3       Protection

7.4       Trade agreements

7.5       Transnational corporations

7.6       Global institutions

 

  • Topic 8:   Economic Development 

8.1       Economic development

8.2       Ecologically sustainable development

8.3       Indicators of development

8.4       Causes of inequality and poverty

8.5       Promoting economic development