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Find a variety of resources Snr Economics & Jnr Eco_Bus 

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Economic literacy

For Year 7-10 Eco_Bus teachers (incl non-members)

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QETA chart pack - half price. Four packs for $145
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Talk Money Financial Literacy in Action Awards
School entries, $2,500 prize money

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Griffith University event Years 9-11
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Who we are

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.

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Practice Questions

Unit 1
Draw a price mechanism model that shows both demand and supply as being relatively inelastic. Explain the reasoning behind this being an appropriate model for Australia's housing market. 

Unit 2
Justify the economic logic behind this statement. "Despite being a leakage, increased imports can lead to economic growth by way an expanded PPC."


Cash Rate Target held at 4.1% | RBA

Remember when interest rate news was exciting? This week RBA Governor Michelle Bullock announced the decision to hold interest rates steady, noting the definite slowdown of inflation, and gdp growth, and that the fine-line remains with the majority of economic indicators, especially amidst global uncertainty. Here's the statement earlier this week, complete with specific analysis and the latest figures and trends. 


Impact of US Tariffs on Australia | ABC News

There's going to be a lot of news and opinions on the US Tariffs on Australia, here's a quick video looking at the Australian industries that are most likely to be affected, given they are exporters to the US. And, for the global perspective, here's a bit of a breakdown of the "sweeping" tariffs across various countries. One thing that's most interesting is of course Australia's response, to, at least so far, "not reciprocate" with tariffs on US imports. Here's the Prime Minister's speech on such, create about a good a time as any for students to understand the impacts of tariffs. 

Economic literacy and financial literacy

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.   RBA Bulletin article RBA Bulletin article

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.

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