Economic World: The-money-go-round : 9781442538061

Economic World: The-money-go-round

Published by
Pearson New Zealand
Available on demand
Title type

Did you ever wonder about how money works in industry? How we produce goods? What goes into deciding a selling price? What it takes to arrive at the end product from a concept idea? How banks work? As members of society, we are constantly involved in buying and selling, producing goods and using financial services. This process is known as Economics and this book will help you to understand how the system works, how it affects you and why it is important that you should know about it.

This book has been written to follow a social inquiry approach and conceptual understanding.

Curriculum focus:
Economic World focuses on Social Studies Level 5 of the New Zealand Curriculum, in particular on these objectives:

  • Understand how economic decisions impact on people, communities and social sustainability.
  • Understand how people seek and have sought economic growth through business, enterprise and innovation.

The Vision, Principles, Values and Key Competencies of the New Zealand Curriculum are all richly embedded in this resource.

Table of contents

Introduction to Economic World
To The teacher

1  An introduction to economics
Some useful definitions

2  How an economy works
Using economic circular diagrams

3 Producers and production
How goods and services are products

4 Consumption
Making consumer choices

5 Markets
The different types of market, the rules of the marketplace and how markets work

6 Supply and demand
Defining supply and demand and learning how these affect prices

7 Change in the markets
Why market changes occur and how they affect us

8 Economic change
Boom and bust

9 Government
The reasons for government involvement in the economy

10 Sustainability
What is sustainability and how sustainable development can be achieved

11 Economic enterprise
The role of enterprise and innovation in economic growth

Author biography

Geoff Evans is New Zealand’s foremost Economics author for secondary school level. He has written Economics for the Market, Year 11 Economics Workbook, Senior Economics and Senior Economics Workbook. He is currently teaching at Parnell College.

Jane Evans is one of New Zealand’s leading lights in Social Sciences in general and Geography in particular. She has co-authored Geography 1.4, Geography 2.4 and Geography 3.4 (all published by Pearson). She is Head of Social Sciences at Takapuna Grammar School.

Sample Pages
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