Author(s): Geoff Evans

Economics

The market is central to New Zealands economy. Understanding how it works enables us to understand our own economic participation our own place in the scheme of things. This write-on workbook focuses on the interaction of consumers and producers in the market, leading to economic decisions about the allocation of scarce resources and the determination of price and quantity produced. It is based on Level Two of the Forms 37 Economics Syllabus for Schools, and incorporates the Level 1 Achievement Standards for NCEA. The learning objectives are given at the beginning of each unit. Brief yet comprehensive notes introduce each subject, followed by a wealth of questions and activities designed to enhance in-class learning and provide homework exercises leaving the student with a complete set of notes from which to revise. Full answers are also given. The workbook may be used in conjunction with a textbook to give additional practice in actually using the tools of economics and developing an understanding of the underlying concepts. A contents list and preface, including NCEA Correlations, is available from the Teacher Resource link below.