Discovering Economics


5th ed


Greg Parry and Steven Kemp

Contents also relevant to courses in other states:

  • NSW  Preliminary and HSC courses;
  • core topics 1 and 2 in Queensland;
  • units 1 and 3 in Victoria; and
  • stage 1of the South Australian SACE course.

Specifically written for the Year 11 Western Australian Economics (ATAR) course.



  1. What is economics?
  2. Demand and supply
  3. Elasticity
  4. Market efficiency
  5. Market failure
  6. Macroeconomic activity
  7. The business cycle
  8. Economic growth
  9. Inflation
  10. Unemployment
  11. The balance of payments
  12. The public sector
  13. Macroeconomic objectives and performance



ISBN 978-1-875313-50-1

Published January 2018


300 pages



Sample pages

Now available as an eBook through Campion Education.

Click here to access Campion MyConnect.

Specifically written for the Year 12 Western Australian secondary schools Economics (ATAR) course.



  1. Global interdependence
  2. Free trade and protection
  3. Australia's pattern of trade
  4. The balance of payments
  5. The terms of trade
  6. Exchange rates
  7. Foreign investment
  8. The business cycle
  9. The aggregate expenditure model
  10. Aggregate demand and aggregate supply
  11. Economic policy objectives
  12. Fiscal policy
  13. Monetary policy
  14. Structural change and productivity




4th edition

ISBN 978-1-875313-48-8

Published January 2017



Greg Parry and Steven Kemp


306 pages



Contents also relevant to courses in other states:

  • NSW  Preliminary and HSC courses;
  • core topics 3 and 4 in Queensland;
  • units 3 and 4 in Victoria; and
  • stage 2 of the South Australian SACE course.

Page corrections - unfortunately, some graphs did not 'colour-match' correctly in printing.

Please accept our apologies. Download the correct graphs here.

Useful links for Economics and Business teachers and students

Something for free:  Previous editions of Discovering Economics had an appendix "Economic Reasoning and Interpretation". This was not included in the fifth edition, but a copy of the chapter (pdf) can be obtained from here.


News links of the week:





Year 11:

Is there a correlation between studying economics and greed? Follow this link to Brian Lucey's article in the Irish Examiner, January 15, 2018.

Year 12:

Globalisation in Fashion - a London store sells worldwide. Follow the link to Kirtsy Macgregors article in fashion magazine Drapers, 1 December, 2017.

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