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The Market Economy 2019 Student Book with eBook

By Tim Dixon, John O'Mahony
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The Market Economy is the leading text for students undertaking the NSW Preliminary Economics course. It provides complete coverage of the Preliminary Economics syllabus in a clear and concise style that has made this Australia’s best-selling introductory Economics text.

The Market Economy 2019 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 Reader+ the next generation eBook. Easy to use and reliable, Reader+ gives you access to the eBook version of your Student Book as well as bonus multimedia content. Reader+ is built to work both online and offline making content readily available anytime, anywhere in every school.

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Published date
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Pearson Australia
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
  • Appendix A: Key Economic Skills
  • Glossary
  • Index
Features & benefits
  • The text is divided into six topics, following the structure of the Preliminary 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 2019 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 economics 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 Preliminary 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.
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