Pearson Economics 12: Australia in the Global Economy 2025

Dixon, Tim2024

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Summary

Pearson Economics 12: Australia in the Global Economy is the leading text for students undertaking the NSW Year 12 Economics course. It is fully aligned to the current Year 12 syllabus. The 2025 text has been completely revised to reflect the latest developments in Australia and the global economy relevant to Year 12 students. This edition guides students through an understanding of the key aspects of theeconomy in 2025. It features a detailed analysis of the impact of Australia's changed economic policy environment under the Albanese government, including reforms to the Reserve Bank, policies to transition to 'Net Zero' emissions and the shift to more active industry policies with the Future Made in Australia Act. It also covers the weakening in global economic growth in the 2020s, the reaction against globalisation and the ongoing impact of the war in Ukraine. The text includes updated graphs, end-of-chapter summaries and review questions, and revised case studies of the economies of Brazil and Indonesia.