Author(s): Tim Dixon, John O'Mahony

Education

Pearson Economics 11: The Market Economy 2024 is the leading text for students undertaking the NSW Year 11 Economics course. It is fully aligned to the current Year 11 syllabus.

The 2024 text has been completely revised to reflect the latest developments in the global economy relevant to Year 11students. It guides students through an understanding of the key features of the economy in 2024, including detailed analysis of the impact of central banks' policies in light of increased inflation, including reforms to the Reserve Bank, workplace relations and climate policies. It also covers the impact of the war in Ukraine, increased inflation and the global shift to greater industry protection.

The text includes updated graphs, end-of-chapter summaries and review questions.

Highlights of the 2024 edition include: analysis of changes in world economic policy
the impact of rising interest rates and the cost-of-living crisis
the global shift towards increased support for domestic industries.
Pearson Economics 11: The Market Economy Workbook is an active learning guide to accompany the best-selling text The Market Economy. It allows students to practise their understanding of course content as they learn, with exam-style multiple choice and short answer questions. It also gives teachers valuable extension activities, skills revision, independent research tasks and classroom exercises that can help challenge students to deepen their understanding. 

The 2024 edition includes contemporary examples, up-to-date statistics and new materials that link the syllabus to recent economic developments such as the rising cost of living and central banks' responses to inflationary pressures. The new edition features a new selection of exam-style multiple choice, short answer and extended response questions, as well as a variety of extension and research activities for each chapter.