The market is central to New Zealand’s economy. Understanding how it works enables us to understand our own economic participation – our own role in the economy.
This workbook focuses on the Economics Achievement Objectives at Level 6 of the New Zealand Curriculum and the Achievement Standards for NCEA Level 1 Economics. Each chapter begins with a list of learning objectives that identify what students need to know, and contains brief content notes, along with questions and activities to help students consolidate and test their knowledge and understanding. Full answers are in the back of the book.
01 Consumer choices 1.1
02 Consumer demand 1.1
03 Changes in consumer demand 1.1
04 Producers 1.2
05 Goals of producers 1.2
06 Resources used in production 1.2
07 Increasing the efficiency of firms 1.2
08 Supply 1.3
09 Changes in supply 1.3
10 Competition between firms 1.3
11 Market equilibrium 1.4
12 Changes in market equilibrium 1.4
13 Government controls on the market 1.4
14 Interdependence of sectors of the economy 1.6
15 Markets and the circular flow 1.6
16 Flow-on effects of an economic event 1.6
17 Government choice with differing viewpoints 1.5
Geoff Evans is an experienced teacher of Economics and author of several books on the subject. Currently teaching at ACG New Zealand International College, Geoff divides his leisure time between yachting and writing, sometimes managing to combine both.
Other books by Geoff Evans include Economics for the Market (a Year 11 textbook), Senior Economics and Senior Economics Workbook.