As a teacher of senior secondary students in Australia, and International Baccalaureate Economics, I have been excited by the potential of the Internet as an educational medium.

          This CD ROM has three major sections.

          The first section contains interactive exercises and background readings on Year 12 and 11 Economics.

          The second part is a selection of materials on Development Economics, and the third is a detailed focus on Indonesia, its economy and people.

          To Order the CD ROM

          Send your school order to

          Michael Jarrett
          53 Avenue Road Highgate 5063
          South Australia

          or email: mjarrett@dove.net.au

          The CD ROM "Interactive Economics 2000" is copyright Michael Jarrett 2000. The purchaser may store the contents of the CD ROM on the retrieval system of a single secondary educational institution only. The use of materials on the CD ROM is granted only to students and staff of the institutional purchaser. No part of the CD may be reproduced, stored on another retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying or otherwise, by or to third parties except for those files clearly indicated as free for classroom reproduction or as indicated copyright to other entities, without the prior written consent of the author or the relevant entity. The price of the CD ROM for tertiary institutions may be negotiated with the author.

          Price

          The CD ROM is sold either on a single user / single machine for $24.95 (plus postage and handling) or as single institution / multiple user basis for $99.95 plus postage and handling.

          Terms : 30 days net.

          The CD ROM is best viewed using Netscape Navigator 4 or higher. The QuickTime 4 plug-in is required, as is Adobe Acrobat Reader and Real Player.

          All of these programs are freely available on the Internet, without cost.

          HSC Economics

          Search Menu - Search the CD ROM using key words.

          The Economic Problem

          The Economic Problem
          Economic Resources
          Production Possibility Curves
          Adam Smith and the Free Enterprise Economy
          Traditional Economies
          Economic Decision Making Using Cost Benefit Analysis
          Issues in Cost Benefit Analysis
          - Assessment Exercise

          Economies of Scale and Mass Production
          Sustainable Economic Growth

          Follow this link to view
          a Java Script Quiz on
          Introductory Economics

          Follow this link to view
          a Java Script Quiz on
          Adam Smith and the Theory of Free Enterprise

          Follow this link to view
          a Java Script Quiz on
          Subsistence or Traditional Economies



          Command Economies

          Marx and the Theory of Communism
          The USSR Economy
          Gorbachev's Desperate Gamble
          The Collapse of Communism in Eastern Europe
          What Future has the Commonwealth of Independent States?

          Follow this link to view
          a Java Script Quiz on
          Command or Planned Economies Review




          The Circular Flow Model

          Households and Firms
          Real and Money Flows
          Leakages and Injections
          Equilibrium
          S = I
          The Government Sector
          The Overseas Sector
          S + T + M = I + G + X
          Defining Aggregate Demand

          Follow this link to view a Java Script Quiz on
          The Circular Flow Model


          The Core Macroeconomic Objectives

          Gross Domestic Product

          Alternative Measures of Gross Domestic Product
          The Value Added Measurement of GDP
          The GST
          Statistical Exercises

          The Business Cycle and Economic Indicators


          Follow this link to view a Java Script Quiz
          on the Total Outlays Method
          of calculating Elasticity of Demand
          The Theory of Supply and Demand

          Demand and Supply Curves
          Contractions and Expansions
          Increases and Decreases
          Substitutes and Complements
          Factors Effecting Supply and Demand

          Elasticity of Demand and Supply

          Calculating point elasticity
          Calculating arc elasticity
          Factors effecting elasticity of Demand
          Factors effecting elasticity of Supply

          Follow this link to view a Java Script Quiz
          on Advanced Elasticity

          Follow this link to view a Gap fill exercise on
          Factors Effecting Demand

          Follow this link to view a Gap fill exercise on
          Factors Effecting the Elasticity of Demand




          Follow this link to view a Java Script Quiz on
          Demand Curve Theory

          Follow this link to view a Java Script Quiz on
          Demand Curve Theory 2

          The Theory of the Firm

          The Law of Diminishing Returns

          Follow this link to view The Australian System of Government

          Follow this link to view A Detailed Comparison of the Indonesian and Australian Economies

          Follow this link to view Taxation in Australia

          Follow this link to view Major Areas of Government Expenditure in Australia

          Follow this link to view Fiscal Policy in Australia

          Follow this link to view a Menu of Country Profiles.

          Follow this link to view a Menu of Country Fact Sheets - concise one page summaries that include details of Australia's trade with the nation concerned.

          prepared by the Department of Foreign Affairs and Trade, in Adobe Acrobat format.

          Clear summaries of the economies of our major trading partners. Each looks at demographic statistics, including population and major sectors of production; international trade; and income and wealth.

          Requires Adobe Acrobat

          Market Forms

          Perfect Competition
          Monopolistic Competition
          Oligopoly
          Monopoly

          Industry Policy

          The Australian Consumer and Competition Commission

          Horizontal and Vertical Integration

          Game Theory and OPEC

          Follow this link to view a Java Script Quiz on
          Monopolistic Competition and Elastic Demand Curves

          Follow this link to view a Java Script Quiz on
          Market Forms

          Follow this link to view a Java Script Gap Fill Exercise on
          Monopolistic Competition

          Follow this link to view a Java Script Gap Fill Exercise on
          Perfect Competition

          Follow this link to view a Java Script Gap Fill Exercise on
          What Makes a Successful Market?


          Employment and Unemployment

          Unemployment
          Types of Unemployment
          Current Trends in Employment
          The Labour Force Participation Rate

          Poverty in Australia
          Who are the Poor in Australia? - a special report from the Australian Bureau of Statistics

          The Phillips Curve
          Implications for Incomes Policy
          Incomes Policy

          Difficulties of Economic Management

          Follow this link to view a Java Script Quiz on Incomes Policy

          Inflation and the CPI

          Calculating the CPI
          The Regimen and Weights
          Index Points

          Interpreting Statistics : Student exercises

          Cost Push and Demand Pull Inflation

          Cost Push and Demand Pull Inflation Defined

          The Effect of Inflation on :
          Households Domestic Firms
          ImportersExporters
          Borrowers and Lenders Fiscal Drag and the Government
          Speculation

          Monetary Policy and the Financial Sector

          The History and Functions of Money
          The Quantity Theory of Money
          Components of the Money Supply
          The Structure of the Australian Capital Market
          Sources of Change in the Money Supply
          The Credit Multiplier
          The Functions of the Reserve Bank of Australia
          Monetary Policy
          The History of Prudential Controls
          PAR, NCD and CAR

          Follow this link to view a Java Script Quiz on
          Money, Banking and Monetary Policy

          Making Money
          Follow this link to read about how Australia's bank notes are made, and who are some of the famous Australians represented on these notes.
          (Copyright Reserve Bank of Australia)





          Aggregate Supply and Demand Analysis

          Follow this link to read about Aggregate Demand
          and Supply Analysis
          - Part 1
          Follow this link to read about Aggregate Demand
          and Supply Analysis
          - Part 2
          Follow this link to read about Revision Questions on
          Aggregate Demand and Supply Analysis


          Trade Theory

          Comparative Advantage and Gains from Trade
          Economies of Scale

          Exchange Rate Theory and the Balance of Payments

          The Balance of Payments - Current Account

          Composition and Direction of Australian Trade
          Exports of Goods and Services
          Imports of Goods and Services
          The Direction of Trade
          The Terms of Trade
          The Impact of Tourism

          Free Trade and Protection

          Tariffs, Subsidies and other restrictions to trade
          Assessing the Arguments for Protection

          Follow this link to view a Java Script Quiz on
          Graphical Analysis of a Tariff

          The Balance of Payments - Capital Account
          Investment Flows and Australia's Foreign Debt
          Follow this link to view a Java Script Quiz on Australia's foreign debt

          Dictionary of Economic Terms

          Copyright Neil Smith

          Summary of Student Revision Exercises :

          Revision Question - Set 1
          Introductory Economics
          Adam Smith and the Market Economy
          Command Economies
          Traditional Economies
          Cost Benefit Analysis
          Production Possibility Curves

          Revision Question - Set 2
          The Circular Flow Model

          Revision Question - Set 3
          The Supply and Demand Model
          Elasticity
          The Total Outlays Method of Elasticity

          Revision Question - Set 4
          Measuring GDP
          Comparing GDP by industry and employment by industry

          Revision Question - Set 5
          Measuring employment and unemployment

          Revision Question - Set 6
          Trends in employment

          Revision Question - Set 7
          Economic Indicators

          Revision Question - Set 8
          Incomes Policy

          Revision Question - Set 9 Monetary Policy
          Follow this link to view a Java Script Quiz on
          Money, Banking and Monetary Policy

          Revision Question - Set 10
          Inflation and the CPI
          Revision Question - Set 11
          Free Trade and Protection
          Analysis of a Tariff
          The Composition and Direction of Australia's Trade
          Factors Effecting the Exchange Rate
          The Balance of Payments
          Foreign Investment - Direct and Portfolio, Costs and Benefits
          The Terms of Trade
          The WTO

          Follow this link to view a Java Script Quiz on Australia's foreign debt

          Revision Question - Set 12
          Poverty in Australia
          Revision Question - Set 13
          National Economic Management
          Revision Question - Set 14
          Markets
          Perfect Competition
          Monopolistic Competition
          Oligopoly
          Monopoly
          Revision Question - Set 15
          The Theory of the Firm
          Marginal Costs
          Marginal Revenue
          Average Costs
          Revision Question - Set 16
          Aggregate Supply and Demand Analysis

          Practice Examination Question - Discuss the extent to which lower rates of interest might create a conflict between the macroeconomic objectives of the Australian Government.
          A comprehensive question, based on an understanding of the entire syllabus. Prepare your own response before opening this link.

          Go to the Development Economics Revision Menu

          The following Menu will take you to the HSC syllabus extracts on the major sections of this CD.

          Search Menu - Search the CD ROM using key words.

          To Order the CD ROM

          Send your school order to

          Michael Jarrett
          53 Avenue Road Highgate 5063
          South Australia

          or email: mjarrett@dove.net.au

          The CD ROM "Interactive Economics 2000" is copyright Michael Jarrett 2000. The purchaser may store the contents of the CD ROM on the retrieval system of a single secondary educational institution only. The use of materials on the CD ROM is granted only to students and staff of the institutional purchaser. No part of the CD may be reproduced, stored on another retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying or otherwise, by or to third parties except for those files clearly indicated as free for classroom reproduction or as indicated copyright to other entities, without the prior written consent of the author or the relevant entity. The price of the CD ROM for tertiary institutions may be negotiated with the author.

          The author has made all reasonable attempts to gain copyright permission for materials used on this CD from third parties. Any unwitting use of materials for which copyright has not been given is regretted and the author will be happy to amend future editions of this CD.