Economic Fundamentals in Australia (8th edition)

Description

Economic Fundamentals in Australia is currently being revised and updated for the new VCE Economics Study Design 2023. The new 8th edition will continue with the same style and themes as the 7th edition, packed with exercises, case studies, updated statistics, review questions and support from a stand-alone website dedicated to the text www.economicfundamentals.com.au making it a valuable resource to students of VCE Economics. It will continue to closely follow the new Study Design and will continue to cater to students of all abilities, assisting them to learn the key knowledge and develop key skills through the collection, interpretation and analysis of economic data. The authors have also taken the opportunity to respond to feedback and remove excessive detail from some parts of the text, such as content relating to market failure (Chapter 3) and consolidation of the chapters relating to budgetary and monetary policies (i.e. condensing four chapters into two chapters, one for budgetary policy and one for monetary policy). The 8th edition will also include contributions from a new author, Dr Rachelle Simpson, who brings new insights from years of private sector experience as an Economist. You can read Rachelle’s biography at the bottom of this page. Contents Chapter 1 - Fundamental Economic concepts Chapter 2 - An introduction to Microeconomics and the role of markets Chapter 3 - Competitive markets and efficiency Chapter 4 - The nature and purpose of economic activity Chapter 5 - Domestic macroeconomic goals Chapter 6 - Factors influencing the achievement of goals Chapter 7 - Australia and the international economy Chapter 8 - The nature and operation of budgetary policy Chapter 9 - The nature and operation of monetary policy Chapter 10 - The nature and operation of aggregate supply policies Chapter 11 - Examination preparation and advice Glossary Index