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Australia in the Global Economy 2019 Student Book with eBook

By Tim Dixon, John O'Mahony
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Australia’s leading texts in Economics have been completely updated in 2019 for students undertaking NSW HSC courses.

The 2019 text has been completely revised to reflect the latest developments in Australia and the global economy relevant to Year 12 students. It guides students through an understanding of the key features of the economy in 2019, including the backlash against globalisation and rising trade protectionism in the Trump era, the widening differences in the economic policy debate, Australia’s economic performance in the decade since the global financial crisis, the formation of the Royal Commission into Misconduct in the finance industry in Australia, Australia’s energy policy debate and the era of historically low inflation and wage growth.

It includes updated graphs, end-of-chapter summaries and review questions, and revised case studies of the economies of Brazil and Indonesia.

The student book provides access to Reader+, the next generation eBook.

Product details
Published date
Published by
Pearson Australia
Table of contents
  • Topic 1 • The Global Economy
  • Chapter 1: Introduction to the Global Economy
  • Chapter 2: Trade in the Global Economy
  • Chapter 3: Globalisation and Economic Development
  • Case Study: Brazil
  • Case Study: Indonesia
  • Topic 2 • Australia’s Place in the Global Economy
  • Chapter 4: Australia’s Trade and Financial Flows
  • Chapter 5: Exchange Rates
  • Chapter 6: Protection in Australia
  • Topic 3 • Economic Issues
  • Chapter 7: Economic Growth
  • Chapter 8: Unemployment
  • Chapter 9: Inflation
  • Chapter 10: External Stability
  • Chapter 11: Distribution of Income and Wealth
  • Chapter 12: Environmental Sustainability
  • Topic 4 • Economic Policies and Management
  • Chapter 13: The Objectives of Economic Policy
  • Chapter 14: Fiscal Policy
  • Chapter 15: Monetary Policy
  • Chapter 16: Microeconomic and Environmental Policies
  • Chapter 17: Labour Market Policies
  • Chapter 18: Effectiveness and Limitations of Economic Policy
  • Appendices
  • Appendix A: Key Economic Skills
  • Appendix B: Advanced Economic Analysis
  • Glossary
  • Index

Download the detailed table of contents

Features & benefits
  • The text is divided into four topics, following the structure of the HSC 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. Throughout the text there are 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 economics terms and concepts.
  • A unique feature of the text is its two appendices, located at the back of the book.
  • Appendix A: Key Economics Skills gives students the opportunity to master the 23 skills outlined in the HSC 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.
  • Appendix B: Advanced Economic Analysis provides extension material beyond the HSC Economics Syllabus for students seeking an extra challenge.
Author biography
Tim Dixon is a former senior economic adviser and chief speechwriter for two Australian Prime Ministers. He currently works between London and New York, where he has co-founded several international social movement-building organisations during the past decade. Tim began helping Economics students after coming top of the state in his HSC exam, and in 1994 he founded an educational publishing business. After graduating with a First Class Honours degree in Economics from Sydney University and a Law degree from the UNSW, he worked as a technology lawyer at global law firm Baker & McKenzie.

John O’Mahony is a Partner at Deloitte Access Economics in Sydney, where he specialises in trends in the digital economy. He has worked at the Australian Financial Review, in the University of Sydney’s Faculty of Economics and Business, for the NSW Government and as a senior adviser for two Australian Prime Ministers. John was awarded the University of Sydney Medal for his First Class Honours degree in Commerce (Liberal Studies) and has co-authored economics textbooks for over fifteen years.