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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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2025 Economics syllabus  QETA Commentary QETA Commentary 2025 Syllabus 2025 Syllabus

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 for the Australian market for Toyota Camrys to show the impact of the following events:
A) The world price of iron ore (which is used to produce steel) increases
B) Uber is banned in metropolitan cities
C) The Brisbane Metro and Cross River Rail are completed...finally =P
D) The Federal Government implements a tax reduction for new electric vehicle purchases
E) Honda and Mitsubishi leave the Australian market

Unit 3:
1. Draw a model to show the impact the removal of import tariffs would have on a domestic industry
2. Explain how the model shows that the removal of import tariffs would increase the level of imports. 


Could we get a nuclear power plant? | ABC News Podcast

For those who've been teaching economics for a long time, one classic, timeless topic has always been "should Australia produce nuclear power?." And once again it's back. Those digging into ecological sustainable development surely would find value in much of the issues surrounding Australia energy mix. Here's a podcast from the ABC:

While other countries were embracing nuclear power decades ago, Australia put a ban on it.  Now the federal opposition wants to lift that ban and build nuclear power plants on the sites of ageing coal-fired power stations.  Today, we investigate the feasibility of the idea with Dylan McConnell, an energy systems analyst at the University of New South Wales.  We ask why would we go down that path when renewable energy is surging ahead? Featured:  Dylan McConnell, renewable energy and energy systems analyst at UNSW Sydney


RBA Seeks Ideas from the Australian Community to ‘Reimagine the $5’ Banknote | RBA

Here's an opportunity that may engage and extend students well beyond the standard economics classroom. This might be one to pass on to those in your school involved in Inclusion, diversity, reconciliation, and of course -- the Arts. 

The Reserve Bank of Australia has commenced a public campaign seeking ideas from the community to reflect First Nations cultures into the design of an updated $5 banknote.


Assistant Governor (Business Services) Michelle McPhee says all Australians have an opportunity to submit an idea.

‘We invite all Australians to reimagine the $5 banknote in the search for themes that reflect our nation’s unique and rich First Nations cultures and history,’ Michelle said.

‘This could be a story passed down for generations, a location, an idea, an instrument or an object that binds a community.’

The Reserve Bank is engaging directly with First Nations organisations in every state and territory to build awareness and encourage the submission of ideas for the design of the updated banknote.

‘Involving the public in this process is vital, and by actively engaging First Nations communities, we can better capture themes that tell our nation’s story,’ Michelle said...

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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