A non-profit organisation of teachers and other educators throughout Queensland, Australia, committed to the promotion and advancement of Economics and Business Education in schools.
We are a friendly organisation of dedicated and passionate teachers who specialise in teaching and the promotion of Senior Economics in Queensland, and Economics and Business in Years 7-10.
We are determined to break down myths: Economics is interesting, topical and logical.
It is understanding front page news and answering questions as to how to make informed decisions when economic conditions are changing.
This includes decisions about jobs, production, investments, and entrepreneurial decisions as individuals or as managers in future
careers and businesses. Studying Economics gives students hope and optimism, as it
involves solving issues for a better world!
To achieve this goal, the association organises and resources a range of activities aimed at enhancing the professional qualities of teachers and the understanding of Economics among students.
QETA Inc. was established in 1968. It is a non-profit organisation.
Unit 2
Identify and describe the differences between perfect competition, oligopolies, duopolies and monopolies.
Unit 4
With your eyes closes (really, challenge the students in this fun and ridiculous way), draw the complete circular flow of income model
Explain the difference between "nominal and real" in terms of GDP, wages and interest rates.
One of my favourite things about teaching economics, and our syllabus is how interconnected everything is. If you've seen this story
on upcoming supply chain disruptions and added inflationary pressures,
you may be thinking how well this connects to the price mechanism content of Unit 1 and global economy content of Unit 4.
From ABC:
Freight costs are rising due to supply chain issues emerging following extreme weather events, like recent flooding in Dubai and conflicts
in Ukraine and the Middle East. Ships are being forced to travel further to avoid the dried-up Panama Canal and attacks in the Red Sea by
Houthi rebels. Shipping companies are spending more on fuel and insurance premiums. The impact is not as substantial as the early period of
the COVID pandemic, where air freight was also disrupted, and workforces were trimmed. But consumers are being warned to expect prices and
be more patient, as retailers use slower methods to get stock. Despite higher interest rates, inflation, and soaring energy costs, global
trade is still tipped to rise in 2024 by the World Trade Organization.
Unit 4
Some argue that a significant factor behind the decline of Australia's car manufacturing is increasing global trade -- particularly the
reduction in trade barriers and protections. Presume this statement is true, and describe the positive and negative outcomes that this may have had for the Australian economy.
Unit 2
Define and provide an example each of the following types of government intervention, within the context of achieving ecological sustainable
development:
A) Voluntary action
B) Direct Regulation
C) Market-based mechanisms
Defining what is meant by economic literacy is not straightforward and it has been the subject of debate over many decades. New research by the RBA and their Bulletin article explores the meaning of ‘economic literacy’.
Economic and financial literacy are clearly distinguished by the RBA research.
This is important information required by teachers of the Australian Curriculum Economics and Business Years 5-10. The curriculum, both versions 8.4 and 9.0 refer to core ideas of economics and financial literacy, so it is critical that teachers appreciate the difference of economic and financial literacy for their teaching programs.
The recording is available to all members and non members of QETA.
There are many advantages for teachers who are members.
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