Basic Economics

Part of the Australian Homeschooling Series, this book is recommended for Years 8 to 10.

Contents

Section 1: An Introduction to Personal Finance

• Economics (definition)
• Income
• Expenses
• Basic Living Expenses
• Rent or Mortgage
• Further Costs
• Food and General Household Expenses
• Travel Costs
• Utilities
• Personal Costs
• Entertainment
• Medical
• Savings
• Credit Unions
• Shares
• Debt
• Credit Cards
• Buy Now, Pay Later
• Hints On Managing Your Money

Section 2: An Introduction to Basic Economics

• Types of Economy
• Features of a Modern Economy
• Organisation of Industry
• Production
• Historical Forms of Economic Organisation
• Distribution of National Income
• Trade Unions
• Industrial Relations Commission
• The Commonwealth Basic Wage
• The Australian Banking System
• History of Australian Banking Before the 20th Century
• Development of Central Banking in Australia
• Other Forms of Institutions
• Other Financial Services
• Shares
• Superannuation
• International Trade
• International Payments
• International Trade Policy
• Australian Trade Policy
• Post War Development
• Free Trade Policy Compared with Protection Policy
• Public Finance
• Federal and State Expenditure
• Taxation
• Australian Public Debt
• Answers