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EconomicsOnline is an innovative economics resource for students and teachers.
The site provides interactive access to a range of activities related to the New Zealand economics curriculum at Years 12 and 13. There are interactive notes, exercises, practice examination papers, a glossary, and useful economics websites.
Applied Economics - Economics in Context
Basic Principles of Economics Wants vs Needs, Choice and Opportunity Cost, Scarcity
The Economic Problem
Demand
Supply
Market Equilibrium
Command Economies
Market & Mixed Economies
Multiple Choice Questions
Short Answer Questions
Answers
Unemployment in an Economy Types, Causes, Consequences, and Policies to reduce Unemployment
Types of Unemployment
Causes of Unemployment
Reducing Unemployment
Employment Protection
Costs of Unemployment
Unemployment in NZ
Multi Choice Questions
Short Answer Questions
Answers
Inflation in an Economy Types, Causes, Consequences, and Policies to reduce Inflation
Types of Inflation
Causes of Inflation
Effects of Inflation
Measuring Inflation
Reducing Inflation
Inflation/Phillips Curve
Multi Choice Questions
Short Answer Questions
Answers
Growth in an Economy Determinants, Measurement, and Policies to promote Growth
What is Ecomonic Growth
GDP & GNP
Factors Affecting Growth
Business Cycle
Growth Costs/Benefits
Recent reforms in NZ
Multi Choice Questions
Short Answer Questions
Answers
Trade in an Economy Comparative Advantage, Current Account, and Exchange Rate
Basis of Trade
NZ Balance of Payments
Exchange Rates
Trade Deficit Policies
Barriers to Trade
NZ Trade History
Multi Choice Questions
Short Answer Questions
Answers
Inequality in an Economy Measurement and Effects of Inequality, Income and Wealth,
Equality and Equity
Inequality & Free Market
Sources of Inequality
Measuring Inequality
Tools of Redistribution
Equity/Efficiency
Multi Choice Questions
Short Answer Questions
Answers
Practice Exams
Macro/Micro Economics
Section A - Resource Allocation via the Market System
Fundamentals of Economics: Scarcity, Choice and Production Possibility Curves
The Demand Curve: Basis of the Demand Curve, Determiniants and Shifts of the Demand curve
The Supply Curve: Basis of the Supply Curve, Determiniants and Shifts of the Supply curve
Elasticity of Supply and Demand: Variations in Price Elastcity of Demand, Income Elasticity, and Elastcity of Supply
Costs of Production for a Firm: Factors of Production, Fixed and Variable Costs, Total and Average Cost Curves
The Market: The Pricing System, Consumer & Producer Surplus, and Allocative Efficiency
Types of Markets: Overview of the different types of markets - Perfect and Imperfect Competition
Perfect Competiton - what is it?: Small firms, price takers, homogenous products, perfect knowledge
Imperfect Competition - what is it?: Monopoly, Duopoly and Oligopoly, Monopolistic Competition
Examples of the Market in action: Monopoly, Duopoly and Oligopoly, Monopolistic Competition in the market place
Section B - Resource Allocation via the Public Sector
Framework for State Intervention
Externalities and Resource Allocation
Public Goods
Natural Monopolies
Equity and Efficiency
Section C - Aggregate Economic Activity and Policy
The Circular flow of income and spending: The simple circular flow model, Use of Index Numbers, More complex circular flow model
The measurment of GFP: Expenditure, Income, and Output appraoches, GDP as a measure of welfare.
Aggregate Demand and GDP: Aggregate Demand, Components of AD, changes in AD, Fluctuations in output and prices
Money in the Economy: Money, wealth and income, evolution of money, functions of money, saving and investment
Banking and the creation of credit: Balance Sheets, Simple Banking Model, Primary and Secondary expansion of money
Money: Money and income, Saving and investment, market for money, real and nominal money supply
Government budget and money supply: Government and the circular flow, Government's budget, Government and the money supply
The Balance of payments: Current Account, The Terms of Trade, Capital Accoount, Overall Balance
Currency: Exchange rate systems, foreign exchange market, exports/imports and the exchange rate
Aggregate Supply and Demand: Aggregate Supply/Demand models, equilibrium in the goods market, shifts in AS/AD curves
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