Contents:
- What is economics?
- Demand and supply
- Elasticity of demand and supply
- Market efficiency
- Market failure
- Macroeconomic activity
- Economic growth
- The business cycle
- Inflation
- Unemployment
- Trade and the Balance of Payments
- Income distribution
- Taxation
- The public sector
- Macroeconomic objectives and performance
- Appendix – economic reasoning and interpretation skills
Each chapter has a range of exercises, including
- worksheet
- matching terms
- news article analysis
- calculations
- multiple choice questions
- research
- short written answers
- extended written answers