Queensland Economics Teachers Association

   Queensland Economics Teachers' Association Inc.

News June 2020 - End of Term 2

02 Jun 2020 6:48 AM | QETA ADMIN (Administrator)

There are a number of things to keep members informed of this month. We hope that you can make use of the following offerings and the end of semester treats you well.

QETA UQ Student Economics Competition

Entries are now open for this year's QETA UQ Student Economics Competition. Last year a record number of entries were received, and we are hopeful that this year will be as popular. This event is open to students of Years 11 and 12 of all schools in Queensland.

The competition consists of a 40-item multiple choice test assessing content from the QCAA Economics 2019 General Senior Syllabus. The first 10 questions assess some knowledge of current economic events.

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.

The competition papers are forwarded to schools by email prior to the test window. Schools copy the papers for their students and return the response sheets to QETA once completed.

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.

QCAA Online Webinar - Endorsement: Economics

QCAA have announced a professional development event for teachers of Economics. The online webinar will focus on identifying subject-specific knowledge gained from the 2019 – 2020 endorsement process and look to provide subject-specific advice to schools for preparing assessment instruments for the 2021 cohort in the endorsement application.

The presentation is free and will be held 3.30-4.30pm Monday 15th June. Please see the following link for further information and registration details.

More RBA resources

The RBA has been particularly active in preparing resources for schools. They have produced 2 new videos to add to their library of online materials:

  • Summary of Current Economic Conditions – data as at 7 May 2020 - This video is a summary of current conditions in the Australian economy, presented by Deputy Head of Economic Analysis, Mark Chambers.
  • Topical Talk – Recent Developments in the Labour Market - This is a recording of the recent teacher professional development webinar, in which Head of Prices, Wages and Labour, Natasha Cassidy, discusses the effect of COVID-19 on the Australian labour market as at 25 May 2020. The RBA has made this available for teachers who were unable attend the webinar, but you may also find it useful to share the content with your students.

They have also released 2 more explainers

  • Recession describes the nature of the business cycle, different approaches to identifying a recession and some of the recessions that have occurred in Australia.
  • Bonds and the Yield Curve explains what a bond is, how the yield curve is formed from a series of bond yields and why the yield curve is important.

Economics Society of Australia Webinar

As part of its webinar series, the Economic Society of Australia invites members of QETA to participate in an important address and Q&A with Guy Debelle, Deputy Governor of the Reserve Bank of Australia on the economy and monetary policy. The webinar will be held 12:30-1:30pm Tuesday 30th June. This is an amazing opportunity and one we hope QETA members can avail themselves of.

QETA members can register at NO COST for the webinar. If you wish to be a part of the event use the code ESAMEMBER when booking the event.

ESA has acknowledged that this is during the upcoming school holidays but have also indicated that the webinar will be recorded and made available on the ESA website on the day after the event.

© 2020 Queensland Economics Teachers Association Inc.

PO Box 254


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