HSC Economics Textbook

Australia in the Global Economy 2012 Edition HSC Economics TeXtbook Authors: Tim Dixon & John O'Mahony Price: $49.95 ISBN: 9781442553293 Australia in the Global Economy is the leading Economics text for NSW HSC students. Updated annually, Australia in the Global Economy provides a comprehensive but concise coverage of the syllabus in language which the majority of students can clearly understand.

Australia in the Global Economy
HSC Economics
Text & Workbook Package
Price: $72.95
ISBN: 9781442582606

Completely updated every year – Australia in the Global Economy reflects the latest economic developments and statistics. Each year the latest key indicators of the Australian and global economies are added to the text.

Each year the text addresses the latest economic developments: in the 2012 edition, Australia in the Global Economy covers:

• impacts of the global resources boom on Australia
• impacts of the global financial crisis
• fiscal policy and the 2011-12 Commonwealth Budget
• domestic and global policies to address climate change

features

The 2012 edition of Australia in the Global Economy includes many features designed to assist students in their study of HSC Economics:

• review questions included at the end of each natural teaching break to allow students to check their understanding of key concepts and content as they work through the text
• definitions of key terms in the margin for easy reference
• the use of a second colour to highlight key features and to make it easier to identify trends in the many graphs, charts and diagrams
• clear cross-references in the text to relevant and useful websites which can be accessed directly through the Leading Edge Education website.

For advanced students

Australia in the Global Economy supports advanced students by providing, in a separate section at the back of the text, an introduction to the key economic concepts underlying the HSC Economics syllabus:

• comparative advantage
• income-expenditure analysis
• the long-run Philips curve
• the crowding out effect
• the quantity theory of money

Plus our existing strengths:

• a revised Key Economic Skills section which shows students how to apply and practise the key economic skills relevant to the HSC syllabus
• a comprehensive glossary of all the key terms
• a practical workbook which supports the main text chapter-by-chapter. Each chapter provides multiple-choice, short answer and extended response questions reflecting the requirements of the HSC exam plus skills revision and independent research questions
• a dedicated website www.leadingedge.com.au which contains a wealth of useful reference material including regularly updated articles and statistics of direct relevance to the study of the HSC syllabus.

A credible author team you can continue to trust...

Tim Dixon, the founder of Leading Edge Education, has run courses for HSC Economics students and written textbooks and study guides since 1992. Tim came first in the HSC in 1987, and has a First Class Honours degree in Economics from the University of Sydney and a Law degree from the University of NSW. For several years Tim was a lawyer with international law firm Baker & McKenzie, specialising in information technology. He is now a senior economic adviser in Canberra.

John O’Mahony, co-author of Leading Edge’s Economics and Business Studies publications, is an economic policy adviser in Canberra. John has worked at the Australian Financial Review and in the University of Sydney’s Faculty of Economics and Business. John was awarded a University of Sydney Medal for his First Class Honours degree in Commerce (Liberal Studies).

---

Table of Contents

TOPIC 1 – The Global Economy
Chapter 1: Introduction to the Global Economy
Chapter 2: Trade in the Global Economy
Chapter 3: Divisions in the Global Economy
Case study: Brazil
Case study: Indonesia

TOPIC 2 – Australia’s Place in the Global Economy
Chapter 4: Australia’s Trade and Financial Flows
Chapter 5: Exchange Rates
Chapter 6: Protection in Australia

TOPIC 3 – Economic Issues
Chapter 7: Economic Growth
Chapter 8: Unemployment
Chapter 9: Inflation
Chapter 10: External Stability
Chapter 11: Distribution of Income and Wealth
Chapter 12: Environmental Management

TOPIC 4 – Economic Policies and Management
Chapter 13: The Objectives of Economic Policy
Chapter 14: Fiscal Policy
Chapter 15: Monetary Policy
Chapter 16: Structural Change and Microeconomic Policies
Chapter 17: Prices and Incomes and Labour Market Policies
Chapter 18: Effectiveness and Limitations of Economic Policy

Appendices
Appendix A: Key Economic Skills
Appendix B: Advanced Economic Analysis

Glossary of Terms
Index