Queensland Economics Teachers Association

   Queensland Economics Teachers' Association Inc.
  • 05 Sep 2020 5:21 AM | QETA ADMIN (Administrator)

    It is hard to believe that we are almost at the close of Term 3 for the year. We hope all members can enjoy a few moments of relaxation over the upcoming break and we offer the following items of interest this month.

    Alan Kohler Q & A

    QETA was delighted when respected financial journalist and economic commentator Mr Alan Kohler accepted an invitation to address QETA members for an online professional learning event. Held on Friday 21st August, questions were posed by members for Alan to respond to with his answers, commentary and opinion.

    The event was extremely well received and we thank all those who participated. For those members who were not able to join the 60 or so on the day, Alan has given his consent for the recording to be made available through our website. You can see the video recording of the session in the teaching resources area here.

    Annual General Meeting

    The Association's Annual General Meeting will be held on Wednesday 14th October 4.30pm. We hope that many people attend this year's meeting as it will be held online.

    Such has been the success of holding online meetings during the COVID pandemic, the Management Committee has decided that its future meetings will be held this way for the foreseeable future. This is a wonderful opportunity for people across the state to become become involved in the activities of Association as distance between members is far less of an issue. We welcome as many people as possible that might be able to help share the load and expand the Association's activities.

    Please consider nominating yourself or someone you think would be great to an executive position (President, Secretary or Treasurer) or as a Committee member.

    Click here to register your virtual attendance.

    Student Competition Results

    The results of the recent QETA UQ Student Economics Competition are about to be released. A join statement announcing the winners will be published by UQ and QETA. Schools will receive their students' individual results and certificates for the various levels of achievement. We trust that participating schools found this a worthwhile event this year. In total there were 33 schools and almost 2000 students that took part across the state.

    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

    RBA Resources

    We have had some feedback about the excellent quality of the RBA's educational resources. In particular, the Study and Careers resources they have created.

    A summary of other recent RBA releases is available below.

    New Economic Growth Videos

    The public education team has just released two new Video Explainers.

    Both videos can be found on our Videos page.

    Current Economic Conditions

    QCAA External Markers

    The Queensland Curriculum and Assessment Authority (QCAA) is seeking applications from Queensland teachers to mark external assessment in the new Queensland Certificate of Education (QCE) system.

    External assessment markers will:

    • contribute to the success of Queensland’s new assessment system
    • get practical insight into senior external assessment marking processes
    • gain CPD points for QCT registration renewal
    • network with like-minded colleagues
    • have the opportunity to earn extra income.

    The marking period will run from late October to late November 2020.

    For more information, including how to apply, visit the QCAA website.

  • 27 Aug 2020 5:03 PM | QETA ADMIN (Administrator)

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

    Dear Educator

    Current Economic Conditions

    A new Summary of Current Economic Conditions video, featuring Acting in Deputy Head of Economic Analysis Natasha Cassidy, is now available here.

    New Resources

    We have also just released a new Illustrator and Learning Activity to complement our Reading and Interpreting Charts video.

  • 20 Aug 2020 2:56 PM | QETA ADMIN (Administrator)

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

    The Queensland Curriculum and Assessment Authority (QCAA) is seeking applications from Queensland teachers to mark external assessment in the new Queensland Certificate of Education (QCE) system.

    External assessment markers will:

    • contribute to the success of Queensland’s new assessment system
    • get practical insight into senior external assessment marking processes
    • gain CPD points for QCT registration renewal
    • network with like-minded colleagues
    • have the opportunity to earn extra income.

    The marking period will run from late October to late November 2020.

    For more information, including how to apply, visit the QCAA website.

  • 17 Aug 2020 5:17 PM | QETA ADMIN (Administrator)

    QETA members may be interested in the following message from the Reserve Bank of Australia

    Dear Educator

    New Economic Growth Videos

    The public education team has just released two new Video Explainers.

    Both videos can be found on our Videos page.

    Reminder: Topical Talk – Monetary Policy in 2020

    Andrea Brischetto, Deputy Head of Domestic Markets, will discuss the effects of COVID-19 on the Australian economy, and the RBA’s response to it. The talk will take place on Monday, 24 August at 3.45 pm. Expressions of interest can be made here.

  • 11 Aug 2020 4:40 PM | QETA ADMIN (Administrator)

    QETA members may be interested in the following message from the Reserve Bank of Australia

    Dear Educator

    New Topical Talk

    Expressions of interest are now open for a new online Topical Talk to support teachers' professional development.


    Deputy Head of Domestic Markets, Andrea Brischetto, will discuss Monetary Policy in 2020. This talk will focus on the effects of COVID-19 on the Australian economy and the RBA's response to it.

    Date: Monday, 24 August

    Time: 3.45 – 4.45 pm

    The talk is free for educators, and expressions of interest can be made here.

  • 06 Aug 2020 5:09 AM | QETA ADMIN (Administrator)

    QETA members may be interested in the following message from the Reserve Bank of Australia

    Dear Educator

    Subject selection is looming in many schools. But what could this mean for Economics?

    In June’s Bulletin publication, the RBA has released the results of a new student survey, as part of a wider investigation into the decline in size and diversity of the Economics student body since the early 1990s. A total of 51 schools completed the survey between July and September 2019, producing a sample of over 4,800 students from Years 10, 11 and 12.

    The sample involved students who studied, and who did not study, Economics – it confirmed the lack of diversity in the subject, with Economics students significantly more likely to be male, from a higher socio-economic background, attend school in a major city, attend an all-boys school or choose subjects based on ATAR scaling.

    The survey results provide insights into some of the ways that schools could promote Economics to their students, encouraging a more diverse pool of students to study the subject.

    Below are some of the key findings from the survey.

    • The top three reasons students choose subjects include:
      • interest
      • perceived competence, and
      • whether the subject would be relevant for future study or work.
    • Students typically believe that the discipline of economics:
      • can be used for social good
      • has a wide range of career opportunities
      • is NOT ‘more of a career for men’.
    • In terms of the school subject of Economics, students hold perceptions that:
      • they could do well at Economics
      • it scales well for the ATAR
      • it provides skills for everyday life, and isn’t ‘all about money’.
    • However, some negative perceptions of Economics persisted, with students not perceiving it as interesting and having little desire to know more about it. Economics is perceived as having a heavier workload than most other HSC subjects. Students indicated they prefer to study Business Studies because they think it will be more useful for their future and more interesting.
    • While students perceive that an economics degree leads to a wide range of career options, students are less likely to have a clear idea of the specific careers available if they were to choose to study Economics in Year 12.
    • Negative perceptions tended to be more pronounced for females, and for students in schools with a low socio-economic background (compared with high socio-economic) and regional areas (compared with metro areas). In particular, a ‘confidence gap’ exists to the disadvantage of students from low socio-economic background and regional locations, who are less likely to feel they ‘could do well in Economics’. These students were more likely to see Economics as ‘a risk to study because they don’t know what it is about’.
    • Students highlighted that ‘identifying problems’ and ‘globalisation’ were the economics topics they found most interesting; however, these differed by sex. In particular, female students were more likely to cite ‘identifying problems’, whereas male students were more likely to cite the ‘share market’.

    To encourage students to choose Economics, there is scope to play to its strengths and address its image problem, as well as to fill information gaps about the subject. It may be beneficial to focus on how Economics meets the criteria of the things that matter most to students – namely, being interesting, providing skills for everyday life, and providing future work and study paths. Additionally, tapping into the specific aspects of economics that attract boys and girls could help to influence their decisions.

    Recent developments may also work to raise the profile of economics amongst students, and spark demand for the subject: 

    • Students will develop awareness of economics through the mandatory economics elements in the new Commerce curriculum (NSW).
    • The effect of COVID-19 on the economy has regularly featured in the media (and probably in household conversations). Many students have seen, first-hand, the impact of economics on people’s lives and so their interest in the subject may have increased.
    The Reserve Bank is committed to supporting educators and students. It provides free teacher professional development and a wide range of resources, talks and events, thus supporting schools to be able to offer Economics to their students. It is currently building on its library of online resources to support teachers and students across Australia, including those who are learning remotely.   

    Best wishes


    Christina You | Senior Public Education Officer | Information Department  

    RESERVE BANK OF AUSTRALIA | 65 Martin Place, Sydney NSW 2000
    p: +61 2 9551 9731 | e: youc@rba.gov.au |
    w: www.rba.gov.au

  • 04 Aug 2020 6:52 AM | QETA ADMIN (Administrator)

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

    Economic Challenges and Opportunities for Australia and the United States

    In conversation with The Hon Nick Greiner AC, former NSW Premier and Federal President of the Liberal Party

    Join us in conversation with The Hon Nick Greiner AC. We will canvass a range of issues covering economic opportunities and challenges for Australia, in particular the policy responses to COVID, the upcoming US elections, US-Australia trade and investment relations, and diversity in politics and economics.

    The NSW Women in Economics Network (WEN) is very pleased to host this webinar as part of the national seminar program with the Economics Society of Australia (ESA).

    Important Note: Chatham House Rule applies for this event.



    When: Wednesday 19 August 2020

    Time: From 12.30pm until 1.30pm AEST

    Where: Online via Zoom - register below

    Cost: Free of Charge - Member Only Event


    About our Speaker

    The Hon. Nick Greiner AC was Premier and Treasurer of New South Wales from 1988-1992. Since his retirement from politics he has been heavily involved in the corporate world. He is Chairman of Council of Advisors, Rothschild & Co. He is a Director of SGSP (Australia) Assets Pty Ltd and Northern Gas Pipeline Jemena. He is Director of CPE Capital Group Services Pty Ltd, and of Marand Precision Engineering, The Jaybro Group and Banksmeadow Recycling. Nick is Federal President of the Liberal Party, and a Member of the CEDA Leadership Council. Adviser for Wattle Hill RHC Fund, Adviser for McKinsey and Company Public Sector Group, Chairman Board of Advice, University of Sydney Nursing School and is a Member of the Advisory Board for the John Grill Centre for Project Leadership.

    In the Queen’s Birthday Honours List of 1994 he was awarded a Companion of the Order of Australia for public sector reform and management and services to the community and in 2001 the Centenary Medal. Nick holds an Honours Degree in Economics from Sydney University and a Master of Business Administration with High Distinction from Harvard Business School. He is a Life Fellow of the Australian Institute of Company Directors, an Honorary Fellow of CPA Australia and a Life Member of the South Sydney Rugby League Club and of the NSW Division of the Liberal Party. He was President of Squash Australia from 1996 – 1999 and of Soccer Australia from 2001 - 2002.


    Dr Kar Mei Tang (facilitator) is an Industry Fellow with the University of Technology Sydney and Secretary of the NSW Women in Economics Network Committee. She has held senior executive roles in the NSW Department of Premier and Cabinet, Environment Planning Authority, Department of Planning, Industry and Environment, and with the Australian private equity peak body. She has also worked as a financial regulator and consultant and has been a member of various APEC and ASEAN economic policy committees and working groups. KarMei has a PhD in Economics (Sydney), Masters in Applied Statistics (ANU) and B.CommHons (Melbourne).


    Registration and Joining the Webinar

    To register please book online below via the NSW Branch website. The link to join this webinar will be included in your auto-generated invoice email - please look out for this and keep it safe until the webinar is due to be broadcast. Note, these emails sometimes get caught in spam folders. The timing of this event is AEST.



    ESA Central Council

  • 31 Jul 2020 5:02 AM | QETA ADMIN (Administrator)

    QETA members may be interested in the follow message from ESA.

    There are a number of webinars over the next month of interest.

    Two organised by the Economic Society in Queensland are:

    Tuesday 11 August, 12.30 - 1.30pm AEST:   When Does Industry Benchmarking Become Collusion?  with Greg Kubitz, QUT

    The presentation will analyse when industry benchmarking and other information sharing agreements become collusion and lessen competition in a substantial way.  The presentation will also discuss whether the considerations taken into account should change in the current extreme circumstances during a pandemic.

     Bookings may be made here.

    Thursday 27 August, 5 to 6pm AEST:   2020 Ted Evans Public Policy Lecture, by Professor Ian Harper AO -The Human Dimension of Good Economic Policy-making

    This lecture, held in conjunction with the University of Queensland, Queensland University of Technology and Griffith University, is to recognise the contribution which Ted Evans AC, former Secretary to the Treasury from 1993 to 2001 and Chair of Westpac from 2007 to 2011 made to effective economic policy.

    Ian Harper will draw on his extensive policy experience in financial regulation, wages policy, competition policy and, most recently, monetary policy during the pandemic to discuss the ways in which his own approach to good economic policy-making has been shaped by Ted’s example in keeping one eye on how the policy advice translates into the lives of ordinary people.

    Bookings may be made here.

    Other webinars of possible interest - we are spoilt with choice!

    Thursday 30 July, 5.30 to6.30pm AEST: 'New Global COVID-19 scenarios' with Professor Warwick J. McKibbin AO (ACT Branch)

    The recent Crawford School of Public Policy Working Paper, McKibbin and Fernando (2020) uses epidemiological and economic data on the COVID-19 pandemic to explore six plausible scenarios of the future economic consequences of the COVID-19 pandemic.  Warwick McKibbin will discuss his current world leading research of global macroeconomic scenarios of the COVID-19 pandemic.

    Bookings may be made here.

    Friday 31 July, 4 to 5pm AEST: RBA webinar on Exploring Economics

    Places are available for the Reserve Bank of Australia’s online careers event this Friday afternoon. The webinar is aimed at high school and undergraduate students, educators and careers advisors. Young economists at the RBA will share insights about their career path and role, and the returns to studying economics. Details about the event and registrations can be found on this page.

    Thursday 6 August, 5 to 6pm AEST:  Improving Women's Financial Literacy (WEN)

    An expert panel from the public sector and academia will discuss women’s financial literacy and why it needs to improve, particularly in the current context - with women’s economic wellbeing disproportionately affected by COVID-19.

    Further details and to book are here.

    Best wishes, Secretariat

    Economic Society of Australia (Qld)
  • 29 Jul 2020 4:31 AM | QETA ADMIN (Administrator)

    A few days early but there were a number of items that we wanted members to know about as soon as possible. We hope that you will take advantage of some of the items below.

    Q & A with Alan Kohler

    By now members should have received an invitation to attend an online forum with respected financial journalist, Mr Alan Kohler. The event will be held online commencing 3.20pm (for a 3.30pm start) until 4.00pm Friday 21st August.

    QETA is excited and extremely pleased that Alan has graciously offered his time to answer questions from our members. To register your attendance, please click the link below and follow the prompts.

    If you have questions for Alan to address, please send them to info@qeta.com.au  these questions will be forwarded to Alan so that he can adequately address them in the time available.

    RBA Careers Talk (Urgent!) and Latest Resources

    The RBA is also offering a careers talk this Friday afternoon (1st August).

    Young RBA economists will share insights on why they chose to study economics, their career path, and their role. This will provide helpful ideas around how to promote Economics in your school. If you or your students haven’t yet registered for this online careers event, places are still available. Register here.


    The RBA has again been publishing resources for educational purposes. A string of videos has been released on YouTube covering the topics of

    • Reading and Interpreting Charts – Introduction
    • Reading and Interpreting Charts – Examples
    • Current Economic Conditions – Household Spending (Consumption)
    • Gross Domestic Product (GDP)
    • Measuring Economic Variables (Nominal v Real)

    These videos are available form the RBA's educational website or their YouTube page.

    QETA Annual General Meeting

    The Association's AGM will be held online this year on Wednesday 14th October. The Management Committee is hopeful that the move to an online forum for this gathering will allow members from all around the state to get together. An invitation to participate will be sent shortly with regular reminders between now and the event itself.

    Please consider nominating yourself or a fellow member for a positon on the Management Committee. Nomination forms are available from the event details page on the website.

    ABC Radio National - The Economists

    The national broadcaster has been in touch with QETA drawing our members attention to The Economists, a program analysing our economy and how to better understand it.

    Presenters Peter Martin and Gigi Foster are talking to experts and producing shows covering a range of topics related to the current economic climate.

    Recent programs include:

    To access more episodes, go to https://www.abc.net.au/radionational/programs/the-economists/ or subscribe to the podcast at https://podcasts.apple.com/au/podcast/the-economists/id1438467241

    Economic Society of Australia

    During the current difficult times, the Economic Society of Australia has been holding series of webinars on economic topics.

    A recent one with Guy Debelle, Deputy Governor of the Reserve Bank of Australia on the Reserve Bank’s policy actions and balance sheet, was attended by high school teachers of Economics and students across several States.

    For those who were unable to join the webinar, a recording of the webinar, as well as others in the series, is available here:

    Parliamentary Education Office – FREE Video Conference Programs

    Some members may also be interested in the offerings of the Parliamentary Education Office (PEO).

    The PEO offer FREE video conference programs for students from years 5 to 12 as well as professional learning for teachers. The curriculum-aligned programs explore the function and significance of Australia's democratic system of government. They also seek to make civics and citizenship more dynamic, relevant, and memorable for you and your class. Programs can be offered using apps such as Zoom, Microsoft Teams and Google Meets.

    For more information, our programs and how to book, head to the PEO website or email us at PEOLearning@aph.gov.au

  • 14 Jul 2020 6:30 AM | QETA ADMIN (Administrator)

    Welcome back to the new term. The QETA Management Committee hopes that all its members and their families remain well.

    Please note that we will soon be discussing arrangements for this year's Annual General Meeting. We will provide information to all members once we have established how this may work this year.

    QETA UQ Student Economics Competition - Last chance to register!!

    Thank-you to all those teachers who have registered their students for this year's competition. Entries close tomorrow (Wednesday 15th July). If you haven't already registered and still wish to do so, do it now!!

    Competition papers will be forwarded to school contacts later this week. Schools copy the papers for their students and return the response sheets to QETA once completed.

    The annual QETA UQ Student Economics Competition is open to Year 11 and 12 students of all schools in Queensland. The test is held at your school in any 45 minute window between 20th - 24th July 2020.

    There is no entry fee. There are cash prizes for students who obtain first, second or third place in each of the two year levels.

    To enter your school and its students, simply click the link below and follow the prompts. Entries must be received by Wednesday 15th July 2020.

    QETA UQ Student Economics Competition 2020

    More RBA Teaching Resources

    The RBA Education team has added an additional three resources to their suite of materials. These include new Illustrators to summarise ‘Groups in the Labour Market’ and ‘Types of Unemployment’.

    They have also created a new Learning Activity – ‘The Future of Work - worksheet’, which provides questions to complement the popular The Future of Work video.

    These resources and more are all available from the Education section of the RBA website.

    QETA Biennial Conference

    Due to the ongoing risks associated with the COVID pandemic, QETA has decided to postpone this year's conference. We had hoped to reschedule this event for later in the year but the ongoing uncertainties have meant that we have had to make a firm decision. At this stage our conference will now be held in 2021. We appreciate the understanding of all members during this difficult time.

    However, we are preparing some online resources that should be of interest and use to teacher members. These will take the form of a live online meeting with the proceedings recorded for those members not able to join in at the time. These are planned for late August this year. You will receive information about this in the coming weeks.

© 2020 Queensland Economics Teachers Association Inc.

PO Box 254


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