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.
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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 4
Draw two models to show how an economy may move from optimal level of economic growth to "stagflation conditions". Explain a hypothetical event which may cause this to happen and one economic policy which could be implemented to address it.
Unit 2
Explain the concept of the "tragedy of the commons," using a real or hypothetical example, and propose a potential government
policy which can be used to reduce its impacts.
Unit 4
1. Explain the concept of leading, lagging and coincident indicators providing two examples of each.
Unit 2
1. Explain the concepts of negative and positive externalities using casino games (negative) and youth sports (positive) as examples. Draw a price mechanism model for each showing these externalities.
CEDA (Committ for Economic Development in Australia) has producers a fascinating report on productivity in the construction industry (or relative lackthereof), highlighting the high proportion of small businesses and the associated challenges things like lack of scale has on housing supply. According to the report, tax incentives favour construction workers to start small businesses, and incentivises small businesses to stay small -- both factors preventing the growth of more productive larger scale construction companies. For those digging into the price mechanism or microeconomic reform, this could provide some excellent food for thought. Here's a quick video, and below is the report.
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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