Queensland Economics Teachers Association


   Queensland Economics Teachers' Association Inc.
  • 07 Jul 2021 5:59 AM | QETA ADMIN (Administrator)

    Dear ACARA review managers,

    We hope this email finds you well in this continuing COVID period. It has been a challenging time for Queensland teachers, who have valiantly and steadfastly shown themselves to be flexible, agile and life-long learners of new technology and education best practices for teaching in different modes.

    Queensland Economic Teachers Association Inc. is a body of teachers and other educators throughout Queensland, Australia, committed to the promotion and advancement of Economics and Business Education in schools. To achieve this goal, the association organises and resources a diversity of activities, aimed at enhancing the professional qualities of teachers, and the understanding of Economics and Business among students. Our organisation was established in 1968. It is a non-profit organisation.

    Please find attached the feedback of Queensland Economic Teachers Association in response to the proposed changes to the Australian Curriculum Economics and Business. (ACARA Review Feedback_Final.docx)

    QETA is concerned at the extent and nature of the proposed changes, and believe it is not yet close to having achieved the ACARA Review aims. Importantly, our members feel it is not yet in a form that would assist teaching, learning and assessment, including where it is implemented in schools who do not have access to sufficient or any subject matter experts on staff.

    In summary:

    1. Overall, there is substantial work still required on this curriculum so that ACARA can achieve its aims of reducing, refining and decluttering. Our members are concerned at the extent of changes, and whether there is sufficient time for planning for the implementation of the proposed curriculum, which represents a curriculum expansion that was not anticipated, at a time when workload issues are paramount. This is especially so in Queensland where teachers and schools are still in the first phases of implementation of a new senior secondary system.
    2. The proposed curriculum, starting from the rationale, does not yet communicate economic and business core concepts accurately, with appropriate terminology and in a way that would support teachers. This particularly impacts those who are teaching E&B without subject matter expertise or without an economics or business teacher on staff - which can occur in especially in regional and remote schools.
    3. Some of our members have referred to the challenge of reducing E&B content at a time when it is becoming more important for Australians to take greater control and responsibility to achieve their own financial independence. The risk is that these students leave school without an adequate understanding of how to use economic and financial literacy to improve their own standard of living and economic opportunities. QETA feels that this is a key learning that ACARA should take back to education decision makers – the personal and national economic benefits and opportunity costs of more financially literate citizens compared to a greater understanding of key points in history (History is the only HASS subject that is currently compulsory in Years 9 and 10). This is an important trade-off that must be considered in future ACARA reviews, as the benefits of economic and financial literacy being a compulsory school experience outweighs the costs, both individually and to our broader society.

    Please contact us if you require further information.

    Kind regards,

    Management Committee

    Queensland Economic Teachers Association


  • 19 May 2021 9:01 AM | QETA ADMIN (Administrator)

    QETA is working with the RBA to organise a series of RBA Student Seminars in the week beginning Monday 19 July. We are excited that this will be a face to face opportunity, so that students can engage and interact. These will be held in Brisbane and Gold Coast.

    For our rural and regional schools, we have arranged for the RBA to do an online webinar over this week, so that we are supporting you and your students. It will be the same presentation as the face to face seminars.

    We are in the process of organising schools and dates to host these, and we will have these details over the next week or two.

    In the meantime, we wanted to alert you to this opportunity so you can pencil this into your calendars.


  • 14 May 2021 5:50 AM | QETA ADMIN (Administrator)

    Welcome to April and the meaty portion of Term 2. This time of year is especially significant for economics teachers full of news around financial reporting season, the EOFY and Treasurer's Budget Speech. Here are some items you may find interesting. 

    The Treasurer, Josh Frydenberg will deliver the 2021-2022 Federal Budget on Tuesday 11 May 2021 (AEST)

    By the time you're reading this the 2021-2022 Budget may have already been delivered. This is a significant event for economists as it outlines the priority economic policies and interventions of te Australian Government for the next several years. It also outlines the current state of the economy and their strategic management going forward. 

    There will be no shortage of media coverage, but the official documents in full are on at: https://budget.gov.au/

    This is especially valuable for Year 12 which may be well into Unit 4 and studying Economic Management, the macroeconomic objectives, and of course fiscal, monetary and microeconomic policy. 

    If you've never used the Budget as a resource here are some suggested activities

    - Students can watch the speech and note key economic initiatives and their potential impact on the circular flow of income and aggregate demand

    - Students can predict aspects of the budget based on key economic indicators such as GDP growth, unemployment and inflation

    - Students can prepare presentations evaluating the appropriateness or the effectiveness of the Budget initiatives in relation to the macroeconomic objectives

    There will be no shortage of news coverage from the ABC which usually posts the full speech and a wealth of commentary. The official website from which the documents can be found is www.budget.gov.au

    Teaching Resource - Marginal Revolution University

    The MRU (https://mru.org/) is a terrific website which is designed to provide videos, articles and activities to help students understand the fundamental skills and concepts of economics. A quick peek at the main page will showcase resources on microeconomics, macroeconomics, everyday economics, jobs in economics and the like. 

    Especially relevant to those teaching Unit 1, may be the interactive supply and demand curves. This application provides questions which challenge students to experiment with shifts and movements in supply and demand given certain scenarios and practice their ability to work out changes to price and quantity. 

    RBA Economics Webinar for Students 

    A special webinar for Economics students and their educators – an RBA economist will share insights on monetary policy and current economic conditions. Students and educators should register directly to attend this online event. The event is Wednesday 26 May from 4:00pm to 5:00pm. This free online even is intended for university students but given several students may be enrolled in early uni courses, or may be keen for extension opportunities it is open to all. 

    An RBA economist will provide insights into the latest developments in the Australian economy.

    Date Wednesday, 26 May 2021
    Time 4.00 pm – 5.00 pm
    Intended audience University students and their educators
    Cost Free


    QETA Teacher PD Conference 2021

    Date & Time:     Saturday 24/07/21 9-2pm

    Format:                In person – Brisbane Girls Grammar, Spring Hill

     

    More details to be provided shortly including how to register.


  • 12 Mar 2021 5:51 AM | QETA ADMIN (Administrator)

    It’s March already and we’re in the home stretch of Term 1! As we gear up for the first big marking and reporting season, here are some resources economics teacher may find valuable for their classrooms.

    QCAA Snr Economics Subject Reports 

    The annual subject report provides schools with an analysis of the complete cycle of assessment for the previous year. It is a resource to support the teaching and learning process and promote transparency and accountability in the broader education community. The report is intended to provide observations and findings to assist and support schools when reflecting on and improving their practices. 

    Economics teachers may find useful the advice on assessment design and assessment decisions. The former outlines strategies for task construction while the latter provides great clarity around making judgements on student work. Samples of work corresponding with ISMG standards are provided, along with guidance for pedagogy to help support teaching and learning.  

    The Economics Subject Report and Factsheet can be found here: 

    https://www.qcaa.qld.edu.au/senior/senior-subjects/humanities-social-sciences/economics/teaching 

    Supporting Economics Teachers – Survey, RBA 

    The Economics Teacher Survey, conducted by the RBA, has been designed to gather insights from all Economics teachers across Australia. The short questionnaire will explore the challenges faced by Economics teachers, and what could be done to better promote and support the teaching and learning of Economics in Australia. 

    The survey has just launched at: https://www.surveymonkey.com/r/economics-teacher 

    The RBA would be extremely grateful if you would take a few minutes to provide your insights. 

    Econopak Back Issues

    In our last communication we mentioned that we are archiving past issues of Econopak. We are pleased to announce that the first set of these is now available for members only from the QETA website. There are currently numerous issues dating back to 1999 for your perusal. We hope that you find this look back at QETA, and the teaching of Economics in Queensland, interesting.

    Department of Foreign Affairs and Trade 

    Unit 3 for the QCAA Economics syllabus focuses on the global economy and international trade. A crucial resource for research in this unit is DFAT (https://www.dfat.gov.au/). Here, teachers and students can find a wealth on information useful for many of Unit 3’s core subject matter such as: 

    • Australia’s Free Trade Agreements 

    • Australia’s trade statistics at a glance 

    • Factsheets for countries and regions 

    • Foreign investment statistics and policy 

    • Non-government organisations such as the WTO, G20, etc.  

    Department of Agriculture, Water and the Environment - ABARES 

    For those interesting in agribusiness and the economics of our very important agricultural sector, ABARES (https://www.agriculture.gov.au/abares/research-topics/agricultural-outlook) publishes regular agricultural outlooks which include reports such as: 

    • Agricultural overview: $66bn value of production in 2020-2021 

    • Australian rice markets 2021 

    • Australian Farm Terms of Trade: Costs and prices paid 

    • Economic overview (on how Covid-19 is effecting the agricultural industry) 

    ABC News on YouTube 

    The ABC News YouTube channel does an excellent job of isolating economics related news on a daily  basis. Correspondents Alan Kohler and Ellyse Morgan provide the nightly finance update overviewing the latest data in share markets, commodity prices and the various economic indicators teacher and students aim to be familiar with. Teacher may watching the short 2 minute finance daily updates as an activity which adds value to the classroom and engages students in the regular routines of economic analysis.  

    • Latest ABC Finance (Mon-Fri): https://www.youtube.com/watch?v=CyVZnL59SbA 

    • Special interest on Australia’s economic recovery from Covid-19: https://www.youtube.com/watch?v=cf9Gl6jlqas 

    QETA Teacher PD Session – Register Now

    Topic:                  Global comparative advantages and supply chain disruptions – Link to Unit 3 of the Economics syllabus

    Presenter:          Professor Pascalis Raimondos – Head of the School of Economics and Finance, QUT

    Date & Time:     Tuesday 23/03/21 3.30pm (45 minutes)

    Format:               Delivered online via MS Teams – 30 minute presentation + 15 minutes live Q&A

    Cost:                    Free for QETA members

    Register:             via the QETA website (upcoming events) to be sent the link to the session to be hosted via MS Teams.

    Professor Pascalis Raimondos has a strong passion for International Trade and will speak from a wealth of experience garnered both here in Australia and abroad. He is the Head of the School of Economics and Finance at QUT and a Vice President of the Economics Society of Australia, QLD. His works have been published in several journals including The Economic Journal, the European Economic ReviewJournal of International EconomicsJournal of Public Economics, and the Journal of Development Economics. Pascalis holds a PhD in Economics from the University of Essex.

    Click here to access registration via the QETA website

    QETA Teacher PD Session – Register Now

    Topic:                  Agriculture in Queensland with a focus on the beef industry recovering from drought and Covid-19

    Presenter:          Corrie Feldman, Rural and Industry Economist for the Queensland Rural and Industry Development Authority (presented at 2018 QETA PD day)

    Date & Time:     Thursday 22/04/21 3.30pm (45 minutes)

    Format:               Delivered online via MS Teams – 30 minute presentation + 15 minutes live Q&A

    Cost:                    Free for QETA members

    Register:             via the QETA website (upcoming events) to be sent the link to the session to be hosted via MS Teams.

    Corrie Feldman has a great passion for food and fibre sustainability, technological advancements and innovation in all areas in agriculture. 

    As the Rural and Industry Economist for the Queensland Rural and Industry Development Authority, Corrie communicates to varied audiences on the influences in agriculture and other industries.

    Corrie holds a Master of Economics from the University of New England, Graduate Diploma of Economics from the University of New England and a Bachelor of Business from the Queensland University of Technology.

    Click here to access registration via the QETA website

    QETA Teacher PD Conference 2021

    Date & Time:     Saturday 24/07/21 9-2pm

    Format:                In person – Brisbane Girls Grammar, Spring Hill

     

    More details to be provided shortly including how to register.


  • 11 Mar 2021 7:23 AM | QETA ADMIN (Administrator)

    Dear QETA members.

    After producing many resources over the last few years to assist Economic teachers, the RBA now asks for your assistance.

    The RBA is undertaking comprehensive piece of research to provide insights into Australia’s economic teachers, the challenges they face and how the RBA can support.

    We would be grateful if you would please complete the survey and ensure those in your communities of practice and networks also participate.  

    The RBA is hoping to obtain a representative picture of their insights, which can be applied to best support teachers going forward. Therefore, it is in our collective interest that as many Qld teachers as possible complete the survey.

    Supporting Economics Teachers – Survey

    The Economics Teacher Survey, conducted by the RBA, has been designed to gather insights from all Economics teachers across Australia. The short questionnaire will explore the challenges faced by Economics teachers, and what could be done to better promote and support the teaching and learning of Economics in Australia.

    The survey has just launched at: https://www.surveymonkey.com/r/economics-teachers4  

    We would be extremely grateful if you would take a few minutes to provide your insights.

    Kind regards,

    Queensland Economic Teachers Association

    Management Committee


  • 10 Mar 2021 1:45 PM | QETA ADMIN (Administrator)

    Message from ACARA:

    On 29 April 2021, the consultation period will open for the proposed revisions to the Foundation – Year 10 (F–10) Australian Curriculum, including for all the learning areas, the general capabilities and the cross-curriculum priorities. 

    A consultation website will be available for interested stakeholders and the public to review the proposed revisions to the curriculum and have their say via a survey format. The consultation window will be open until 8 July.

    In June 2020, education ministers agreed that it was timely to review the Foundation – Year 10 Australian Curriculum. In preparation for the review, ACARA consulted widely with key education stakeholders and groups to define the approach and scope of the review. Since then, ACARA has established specialist teacher and curriculum expert reference groups to assist with the review and has undertaken extensive discussions with curriculum experts from jurisdictions and with practising classroom teachers. ACARA has also engaged with national subject professional associations, academics and other key stakeholder groups. 

    We will continue to provide further information in the lead-up to the public consultation window and look forward to receiving all feedback on the revisions during the consult period.

    Visit the 'Curriculum review' page of the ACARA website to find out more on the review.


  • 23 Feb 2021 5:53 AM | QETA ADMIN (Administrator)

    Welcome to 2021. Just like that, the holidays feel like a distance memory and we are back in the classroom. We hope everyone is back fresh and eager to take on the new year and we offer the following items of interest this month:

    New series of online student talks from the RBA

    The RBA has ust released a new Explainer covering ‘Drivers of the Australian Dollar Exchange Rate’. This explores the different factors that lead to changes in the Australian Dollar exchange rate over time. It completes our suite of exchange rate Explainers, which can be accessed on our Explainers page. Videos on this topic will be released in the coming month.

    The RBA is committed to supporting Economics teachers and students by providing access to its economists and their insights.

    We received overwhelmingly positive feedback regarding our online events last year, which enabled access for schools across all regions of Australia.

    For 2021, we have scheduled an extensive series of online talks throughout the academic year, via Zoom. There are two talk types to choose from:

    • Monetary Policy & Current Economic Conditions (aimed at Years 11 and 12) – An economist will share insights on how the RBA conducts monetary policy, and current conditions in the Australian economy. A recent graduate will also share insights on his or her career path and role, discussing the benefits of studying Economics.

    • Introduction to Economics (aimed at Years 9 and 10) – An economist will provide an introduction to the economy, the role of the RBA, and the benefits of studying economics.

    Talks from February to May 2021 have now been uploaded to the website. Teachers can register for any of the talks and will be sent a link nearer the time, which they will be able to share with their students.

    As with all the RBA’s resources, talks and events are free. Registrations can be made at: https://www.rba.gov.au/education/book-a-talk/

    QETA News Blog and Facebook Group

    QETA is aware that we all receive many emails and too often the over use of email results in these messages being ignored and quickly deleted. We try not to overload your inbox with a monthly newsletter but for those who wish to be informed more regularly, there are other options to stay connected.

    As QETA receives items of interest we post these to our News blog on the website. These are often shared with the Facebook group in order to draw the attention of members to them. The Facebook group is also open to all members.

    However, if you use an RSS new reader or aggregator you can subscribe to the RSS feed of this blog here - https://qeta.com.au/General-News/RSS

    Parliament of Australia (APH) Monthly Statistical Bulletin

    The APH produces a monthly data pack with the latest economic figures which may be lesser known to teachers relative to the Reserve Bank and Australian Bureau of Statistics. The APH’s value is in the format and accessibility of the charts with easy to read graphs, simplified tables and snapshot explanations of key economic and social indicators such as the labour market, business, finance, external transactions and demographics.

    Bulletins and data publications can be found at: https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/MSB

    The Economist Intelligence Unit (EIU)

    The EIU, the research analysis division and sister company to the The Economist newspaper has over 70 years of experience in helping individuals, businesses and governments navigate the economic, political and financial landscape of an ever-changing world.

    The EIU publishes free reports on various topics for those keen for in-depth analysis on the latest economic issues. Recent reports include:

    • Industry in 2021 – Growth prospects for core industries such as retail, automotive and energy
    • Asia in 2021 – Trends to watch in China, Indonesia and Japan
    • Brexit – Risk and Resilience for business

    The website also offers various various resources in text, video and podcast and can be found at: https://www.eiu.com/n/


  • 28 Jan 2021 3:40 AM | Anonymous

    The RBA is committed to supporting Economics teachers and students by providing access to its economists and their insights.

    We received overwhelmingly positive feedback regarding our online events last year, which enabled access for schools across all regions of Australia.

    For 2021, we have scheduled an extensive series of online talks throughout the academic year, via Zoom. There are two talk types to choose from:

    • Monetary Policy & Current Economic Conditions (aimed at Years 11 and 12) – An economist will share insights on how the RBA conducts monetary policy, and current conditions in the Australian economy. A recent graduate will also share insights on his or her career path and role, discussing the benefits of studying Economics.

    • Introduction to Economics (aimed at Years 9 and 10) – An economist will provide an introduction to the economy, the role of the RBA, and the benefits of studying economics.

    Talks from February to May 2021 have now been uploaded to the website. Teachers can register for any of the talks and will be sent a link nearer the time, which they will be able to share with their students.

    As with all the RBA’s resources, talks and events are free. Registrations can be made at: https://www.rba.gov.au/education/book-a-talk/


  • 18 Sep 2020 4:15 AM | QETA ADMIN (Administrator)

    We are pleased to announce the winners of the 2020 QETA and UQ Student Economics Competition.

    The joint first-place winners are as follows:

    Year 11

    • Pat Trappett - Brisbane Grammar School
    • Sam Bizzell - Brisbane Grammar School
    • William Staib - Brisbane Grammar School
    • Naveen Hingorani - Cannon Hill Anglican College
    • Luke Palmer - Villanova College

    Year 12

    • Tim Rainbird - Brisbane Grammar School
    • Jemima Noller - Corinda SHS
    • Shumeng (Maggie) Ding - IES College

    In total, over 1600 students participated in the competition from 33 schools, resulting in an outstanding number of students achieving equal first-, second- and third-place.

    While we are unable to host a presentation ceremony this year, the first-place winners outlined above will receive cash prizes and an acknowledgement for their achievements. All second- and third-place winners in the competition will also receive a certificate for their hard work.

    We hope that students enjoyed entering the competition and found it rewarding to test themselves against their peers. We encourage all students to continue their curiosity via UQ's online resource Economics Explored.

    Please note, QETA and UQ will be in touch with the winning schools to arrange student prizes. In the meantime, we would like to take this opportunity to thank Queensland schools and economics teachers for their continued support of this competition.

    Kind regards,

    UQ & QETA

  • 18 Sep 2020 3:57 AM | QETA ADMIN (Administrator)

    QETA members may be interested in the following message from the RBA.

    Monetary Policy and Current Economic Conditions

    Expressions of interest are now open for a new webinar aimed at Economics students in Years 11 and 12. Senior Economist, David Lancaster, will provide a summary of current economic conditions, and students will also receive inspiration from senior RBA officials.

    This is a great opportunity for students to receive an update on the economy, and they will have the opportunity to submit questions during the webinar.

    The free talk will take place on Monday, 12 October from 4.00 pm – 5.00 pm (AEDT) via Zoom.

    Students and educators can express interest to attend now.

© 2020 Queensland Economics Teachers Association Inc.

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RED HILL  QLD  4059

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