Suggested Answers

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HSC Economics
Year 12 WORKBOOK | 2ND Edition

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Chapter 1: Introduction to the global economy
Chapter 2: Trade in the global economy
Chapter 3: Divisions in the global economy
Chapter 4: Australia's Trade and Financial Flows
Chapter 5: Exchange rates
Chapter 6: Protection in Australia
Chapter 7: Economic growth
Chapter 8: Unemployment
Chapter 9: Inflation
Chapter 10: External stability
Chapter 11: Distribution of income and wealth
Chapter 12: Managing the environment
Chapter 13: The objectives of economic policy
Chapter 14: Fiscal policy
Chapter 15: Monetary Policy
Chapter 16: Structural change and microeconomic policies
Chapter 17: Prices and incomes and labour market policies
Chapter 18: Limitations and effectiveness of economic policy

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Preliminary Economics
Year 11 WORKBOOK | 1st Edition

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Chapter 1: What is Economics About?
Chapter 2: How economies operate
Chapter 3: How economies differ
Chapter 4: Consumers in the market economy
Chapter 5: Business in the market economy
Chapter 6: Demand
Chapter 7: Supply
Chapter 8: Market equilibrium
Chapter 9: Labour demand and supply
Chapter 10: Labour market outcomes
Chapter 11: The changing Australian labour market
Chapter 12: The structure of financial markets
Chapter 13: The money supply and interest rates
Chapter 14: The share market
Chapter 15: The limits of markets
Chapter 16: The role of government in Australia
Chapter 17: Government in action

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BUSINESS STUDIES
Year 12 WORKBOOK | 2ND Edition

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Chapter 1: The nature of management
Chapter 2: Management theory
Chapter 3: Managing change
Chapter 4: The role of financial planning
Chapter 5: Financial markets and funds management
Chapter 6: Using financial information
Chapter 7: Financial management
Chapter 8: Understanding marketing
Chapter 9: Marketing strategies
Chapter 10: Ethical and legal aspects of marketing
Chapter 11: Background to employment relations
Chapter 12: Effective employment relations
Chapter 13: Managing conflict in the workplace
Chapter 14: Globalisation
Chapter 15: The advantages of global business
Chapter 16: Factors influencing global business
Chapter 17: Managing global business

Extended response – Errata: page 225, Question 6.
Stimulus should read:
"The nature of employment relations is changing, and businesses must change with it."