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    Pearson Economics 11: The Market Economy

    Posted By: Free butterfly
    Pearson Economics 11: The Market Economy

    Pearson Economics 11: The Market Economy by Tim Dixon
    English | 2022 | ISBN: 9780655709299 | 299 pages | PDF | 13 Mb

    Preliminary pages
    Title page
    Imprint
    Table of contents
    Welcome
    How to use this book
    Topic 1: Introduction to Economics
    Chapter 1: What Is Economics About?
    1.1 The economic problem and the role of choices
    1.2 The production possibility frontier
    1.3 The future implications of choices
    1.4 The economic factors underlying choices
    Chapter 2: How Economies Operate
    2.1 The production of goods and services
    2.2 The distribution and exchange of goods and services
    2.3 The business cycle
    2.4 An overview of the economy: the circular flow of income
    Chapter 3: How Economies Differ
    3.1 The market economy
    3.2 Australia: a market economy with a role for government
    3.3 Comparing economies
    Topic 2: Consumers and Business
    Chapter 4: Consumers in the Market Economy
    4.1 Consumer sovereignty
    4.2 Decisions to spend or save
    4.3 Factors influencing individual consumer choice
    4.4 Sources of consumer income
    Chapter 5: Business in the Market Economy
    5.1 Business firms and industries
    5.2 Production decisions
    5.3 What business contributes to the economy
    5.4 Goals of the firm
    5.5 Efficiency and production
    5.6 Investment, technological change and ethical decision making
    Topic 3: Markets
    Chapter 6: Demand
    6.1 Factors affecting market demand
    6.2 Movements along the demand curve
    6.3 Shifts of the demand curve
    6.4 Price elasticity of demand
    6.5 Factors affecting elasticity of demand
    Chapter 7: Supply
    7.1 Factors affecting market supply
    7.2 Movements along the supply curve
    7.3 Shifts of the supply curve
    7.4 Price elasticity of supply
    7.5 Factors affecting elasticity of supply
    Chapter 8: Market Equilibrium
    8.1 The concept of market equilibrium
    8.2 Establishing market equilibrium
    8.3 Changes in equilibrium
    8.4 The role of the market
    8.5 Government intervention in the marketplace
    8.6 Competition and market power
    Topic 4: Labour Markets
    Chapter 9: Labour Demand and Supply
    9.1 The demand for labour
    9.2 The supply of labour
    9.3 The Australian workforce
    9.4 Extension: labour market equilibrium
    Chapter 10: Labour Market Outcomes
    10.1 Wage outcomes
    10.2 Trends in the distribution of income from work
    10.3 Non-wage outcomes
    10.4 The costs and benefits of inequality
    10.5 Unemployment
    10.6 The movement away from full-time work
    Chapter 11: The Changing Australian Labour Market
    11.1 The role of trade unions
    11.2 The role of employer associations
    11.3 Australia’s current industrial relations framework
    Topic 5: Financial Markets
    Chapter 12: Types of Financial Markets
    12.1 The role of financial markets in the economy
    12.2 Primary and secondary financial markets
    12.3 Financial market products
    12.4 The share market
    12.5 Domestic and global markets
    12.6 Regulation of financial markets
    Chapter 13: Money and Interest Rates
    13.1 Borrowers: the demand for funds
    13.2 Factors affecting the demand for funds
    13.3 Lenders: the supply of funds
    13.4 Money and money supply
    13.5 Interest rates
    13.6 The Reserve Bank of Australia and the cash rate
    Topic 6: Government and the Market Economy
    Chapter 14: The Limits of Markets
    14.1 Why governments intervene
    14.2 Market failure in the provision of goods and services
    14.3 Market failure in income distribution
    14.4 Market failure in externalities
    14.5 Market failure in the abuse of market power
    14.6 Market instability: the business cycle
    Chapter 15: The Role of Government in Australia
    15.1 The structure of government
    15.2 The public sector
    15.3 The reallocation of resources
    15.4 The redistribution of income
    15.5 Stabilisation and sustainable growth
    15.6 Public enterprises
    15.7 Other roles in the economy
    Chapter 16: Government in Action
    16.1 The Budget
    16.2 Revenue and expenditure
    16.3 The impact of budget outcomes
    16.4 Influences on government policies
    Appendices
    Appendix A: Key Economic Skills
    A.1 Introduction
    A.2 Drawing and interpreting economics diagrams
    A.3 Equations and calculations in economics
    A.4 Interpreting economic data and information
    Glossary
    Index

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