The Market Economy Workbook, 8th Edition

By Tim Dixon, John O'Mahony

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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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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
  • Preliminary Practice Exam