The Market Economy 2021 Student Book, eBook and Workbook

Tim Dixon all

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The Market Economy 2021 Student Book, eBook and Workbook

By Tim Dixon, John O'Mahony
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Tim Dixon all
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Australia’s leading texts in Economics have been completely updated in 2021 for students undertaking NSW Year 11 course.

The Market Economy is the leading text for students undertaking the NSW Year 11 Economics course. It provides complete coverage of the Year 11 Economics syllabus in a clear and concise style that has made this Australia’s best-selling introductory Economics text. The Market Economy 2021 Edition includes fresh examples, up-to-date statistics and new materials that link the syllabus to recent economic developments and current debates about economic policies. Revision and study of each chapter is made easier with a summary and review section.

Each student book comes with an eBook. Easy to use and reliable, the eBook version of your Student Book includes bonus multimedia content. It is built to work both online and offline making content readily available anytime, anywhere in every school.

How do I activate my eBook?

When you purchase your eBook, it will come with an access code. This code will be emailed to you. If you purchase a printed book with eBook, it will come with its eBook access code inside the cover.

To activate your code, you'll need to log in to If you don't have an account you will need to create one at Once you have logged into click on the 'Add product' button in your bookshelf. Type in your 12 digit access code and click 'Verify product now.

For further help, download the 'How to activate my eBook' guide.

The Market Economy Workbook, 8th Edition accompanies The Market Economy student book, the leading text for NSW Year 11 Economics. It aims to help reinforce student’s understanding of the content of the Year 11 Economics syllabus and to prepare for tests and examinations. It includes a full range of exam-style questions updated for the new Year 11 Economics syllabus and is designed to help students develop a more active and effective approach to their study.

The 8th Edition is a completely up-to-date resource with a fresh selection of questions and activities. It also includes a practice exam paper written in a format similar to the exam. This gives students the opportunity to prepare for their final Year 11 exams and for the Year 12 course that follows.

Each topic of the workbook includes a variety of activities designed to:
  • test students’ knowledge and understanding of the course content to improve students’ stimulus-based skills
  • develop inquiry and research skills
  • test their ability to communicate economic information, ideas and issues.
Each chapter of the workbook includes:
  • 15 multiple choice questions
  • 3 short answer questions
  • 3 extended response questions.
Also included in this edition are enhanced answers to the workbook questions providing additional scaffolding for answers that require students to demonstrate a deeper understanding of key concepts or knowledge and worked solutions for any questions that require calculations.


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The text is divided into six topics, following the structure of the Year 11 Economics syllabus. Each topic is introduced by a page which includes the relevant focus, issues and skills for that topic, reflecting the syllabus objectives. This is followed by a clear introduction to each chapter within the topic as well as case studies, quotations and summaries of key information, the 2021 edition includes regular review questions and margin definitions throughout the text. There are also references to useful websites relevant to that area of study.

Each chapter concludes with a ten-point chapter summary and chapter review questions. The chapter summary is a good starting point for students’ notes on each chapter, and the review questions are a great way to test their understanding of the chapter.

The comprehensive glossary at the back of the text provides a ready reference for over 350 key economic terms and concepts.

A unique feature of the text is its appendix, located at the back of the book. Appendix A: Key Economic Skills, gives students the opportunity to master the 26 skills of the Year 11 Economics syllabus.

The appendix covers three main areas: drawing and interpreting economic diagrams; equations and calculations; and interpreting economic data and information. By working through this material, students will develop and reinforce the key economic skills.
Pack items
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

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