Economics for the Real World 2

Book excerpt: The third edition of this benchmark two-book series continues to offer students a comprehensive and relevant introduction to economics. The new editions are specifically designed to cover the core and elective topics of the revised Queensland Economics syllabus. Features all of the key ideas from the new Queensland syllabus are specifically identified and used in context in the book. There is no need to hunt for definitions elsewhere. Key concepts from the syllabus, with their associated definitions, can be easily found by students in relevant sections of the book, in a glossary and in the index. Special 'Economics in Action' and 'Economics Enrichment' boxes provide students with relevant meaningful applications of their economics. Throughout each chapter are tasks to aid students in knowledge acquisition of key concepts, in interpreting information accurately and in making justifiable decisions. These can be in the form of an inquiry or short exercises. Economics and ICT activities enable students to learn, develop and practise skills using technology available in schools of the 21st century. The circular flow model is used in each chapter to link concepts and to help demonstrate cause and effect relationships. A graphic outline at the end of each chapter provides students with a useful overall structure of each unit of study to assist with revision.