Consumer choices using demand
1 Consumer choice
2 Consumer demand
3 Changes in demand
4 Household income and consumption patterns
Producer decisions about production
8 Productivity: Internal factors
9 Productivity: External factors
10 Economies of scale
11 Business expansion choices
12 Price and non-price competition
Producer choices using supply
14 Non-price internal factors affecting supply
15 Non-price external factors affecting supply
Consumer, producer & government choices using supply and demand
16 Market demand and market supply
17 Market equilibrium
18 Consumer choices and market equilibrium
19 Producer choices and market equilibrium
20 Flow-on effects of consumer and producer choices
21 Government choices: Price controls and market equilibrium
22 Government choices: Subsidies and taxes, and the market equilibrium
23 Flow-on effects of government choices
Understanding different viewpoints
24 Balancing unlimited wants, limited resources and choice
Interdependence of sectors in the New Zealand economy
25 Primary, secondary and tertiary sectors and interdependence
26 Basic circular flow
27 Three sector circular flow model
28 Four sector circular flow model
29 Five sector circular flow model
Written to align with the New Zealand Curriculum as well as to provide complete coverage of the new Level One NCEA achievement standards.
A bright, highly visual, full colour presentation which has both learning activities and assessment practice.
Contains a variety of supporting activities including graphing skills, definitions, explanations and analysis of case studies which require the application of economic theory knowledge.
Caters for all ability levels.
Content requirements of both internal and external assessments are addressed.