Queensland Economics Teachers Association

   Queensland Economics Teachers' Association Inc.
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  • 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.

  • 14 May 2020 4:40 AM | QETA ADMIN (Administrator)

    The RBA's education area has been particularly active recently. Please see information below about an opportunity for teachers to participate in an online PD presentation and new resources which may prove useful to members.

    Don't forget the RBA's dedicated Education website can be found at https://www.rba.gov.au/education/

    Online Talk for Teachers

    The RBA will be running an online Topical Talk webinar for economics teachers on Monday, 25 May at 3.45 pm. Head of Prices, Wages and Labour Market, Natasha Cassidy, will be speaking on recent developments in the labour market. The event is aimed at economics teachers and lecturers. It has a limited number of places and expressions of interest are now open.

    New Resources

    • New Digital Interactive – Snapshot Comparison

    We have launched a new digital interactive Snapshot Comparison that enables students to compare snapshots of the economy at different points in time. The Snapshot Comparison generates statistics and graphs showing such indicators as GDP growth, the cash rate, the unemployment rate and inflation.

    • New Illustrator – Unconventional Monetary Policy

    To follow our Unconventional Monetary Policy Explainer, we have created a new one-page Illustrator, which provides a summary of the RBA’s unconventional monetary policy measures currently in place. 

    • New e-magazine Careers with STEM: Economics

    A new e-magazine for students has been added to our Explore Economics careers pages. It contains interviews with economists and the RBA’s Prices, Wages and Labour Market team, as well as insights into the benefits of studying economics and range of careers it can lead to. A PDF version can be found here.  

    • Economics in the news

    Are you going to be discussing the record trade surplus with your students? Our Balance of Payments Explainer provides useful background reading to aid students’ understanding.

  • 08 May 2020 4:37 AM | QETA ADMIN (Administrator)

    Welcome to this month's QETA update.We hope the transition back to face-to-face teaching goes smoothly for our members. It certainly remains a challenging time for us all.

    Teaching Economics in Queensand (TEiQ)

    QETA is pleased to announce the release of its first TEiQ, an irregular publication designed to provide resources and teaching ideas for members. The first edition is available from the members area of the website. You will need to log on to access it. Future editions of this publication are planned so we welcome any feedback you may have or suggestions for inclusion. Content of this issue includes:

    • Thanks to Doug Cave
    • The 2020 Membership Committee
    • The Economy According to the ABS
    • Austrade Economic Terms and Stats
    • Monetary Policy in Australia
    • Unit 1 Contextual Focus: The Economics of a natural disaster
    • Unit 1 Contextual Focus: Using Economics to reduce tobacco use
    • The economic rationale for intervention in the tobacco market
    • We need to talk about Brexit
    • Information Bites and Links
    • Australian Curriculum Economics and Business Year 10

    Tablebuilder updated

    The Australian Bureau of Statistics (ABS) Tablebuilder application has recently been updated to include Businesses in Australia, 2018-19 - free for all registered users.

    This addition has been created from the Business Longitudinal Analysis Data Environment (BLADE) and provides a "comprehensive research base on Australian businesses and the economy ad enables research on business performance, innovation, dynamics & productivity over time".

    If you are not familiar with TableBuilder it is an online self-help tool which enables the creation of tables, graphs and maps using Census data. You can find more information about it from https://www.abs.gov.au/websitedbs/censushome.nsf/home/tablebuilder

    Financial Basics Foundation Webquests

    Financial Basics Foundation has recently released webquests on the topics of Taxation and Banking. These may prove useful for this current period of home-based online learning. WebQuests are an inquiry-oriented online tool for educators to develop self-paced learning for the classroom.

    More information can be found at https://www.financialbasics.org.au

    New RBA Explainer

    The RBA has launched another new Explainer, exploring the topic of ‘What is Money?’. "It looks at what makes something ‘money’, why we need money and its role within an economy, and how money is created. It also looks at money in an historic context, from the cowrie shells and gold coins of the past to digital bank records today."

    You can view this resource from https://www.rba.gov.au/education/resources/explainers/what-is-money.html

    UQ Student Economics Competition 2020

    QETA, with the support of the University of Queensland School of Economics, intends to again conduct its popular Student Economics Competition in early Term 3. Last year more than 2400 students participated in this event. Further information about this year's competition will be provided shortly.

    Museum of Australian Democracy

    While not strictly related to teaching economics, members may be interested in the Museum of Australian Democracy. QETA recently received information from the museum alerting us to free digital excursions. Students and teachers can access these together as a class, even with students learning from home. For more information contact https://www.moadoph.gov.au/

    Facebook Group

    If you have not already, please consider joining our Facebook group. This forum allows the sharing of items of interest for members in a timely fashion. Feel free to share news articles and other materials that you think would be of interest to other teachers of economics. You will need to provide the email address used for your membership in order to be added to this closed group. You can access the group directly from https://www.facebook.com/groups/784996915187795/ (then click 'Join Group') or via the Association's Facebook page.

  • 08 Apr 2020 4:47 AM | QETA ADMIN (Administrator)

    We trust that you are managing things as best you can during these uncertain and difficult times. The Easter break offers us time to refresh and prepare for what will surely be one of the most interesting school terms we will ever face. The Management Committee would like to draw your attention to the following items at this time.

    RBA Resource

    As expected, the RBA seminars will not be held in their current form. We remain hopeful that the RBA will be able to put something together that we can share with you and your students digitally. In the meantime, they have published a new Explainer, describing the "difference between conventional and unconventional monetary policy. It also looks at the different tools that have been used by central banks when conducting unconventional monetary policy and summarises those tools that have been introduced more recently in Australia." The resource can be found at the RBA website's education resources.

    Free Teaching Resources

    As you may be aware several institutions and individuals are providing free access to resources during this time, particularly those that are able to be used for online learning. The following are three such sites by teachers in other states. While there are some aspects that are region specific, the majority remains relevant and useful for Queensland teachers.

    It would be wonderful if QETA members, that felt so inclined, would be willing to share things as well. If so, get in contact and we can assist with getting you some publicity and hopefully fame in other states :-)

    Econopak Back Issues

    In our last communication we mentioned that we are archiving past issues of Econopak. We are pleased to announce that the first set of these is now available for members only from the QETA website. There are currently numerous issues dating back to 1999 for your perusal. We hope that you find this look back at QETA, and the teaching of Economics in Queensland, interesting.

    Plan Your Own Enterprise Competition

    Business Educators Australasia (of which are affiliated) has provided information regarding their Plan Your Own Enterprise Competition for this year. Obviously, with off-campus learning this provides unique challenges, but it may also be an opportunity for students to consider this activity if they have interest in this area. Further information, including a unit of work, can be accessed from the Competitions and Awards section of the BEA website.

  • 30 Mar 2020 5:29 PM | QETA ADMIN (Administrator)

    The Association is currently attemtping to archive issues of Econopak. We hope that members find this retrospection interesting. Perhaps articles of interest will be discovered in past issues. They offer an insight into the topics relevant at the time and the teaching of Economics in Queensland in years gone by.

    The issues are offered as is for member use. As more issues are archived they will be made available from the site.







  • 24 Mar 2020 4:38 PM | QETA ADMIN (Administrator)

    In the current circumstances it is encoraging to see teachers of Economics sharing and trying to help each other. Matthew Parsons and Alex Symonds are two such teachers from NSW who have recently put some of their resources on the web for anyone to access. While there are some HSC specific items, there is much to explore that is not specfic to NSW.

    Feel free to have look at what they are making available and, if you are so inclined, let them know you appreciate their actions at this difficult time. If any of our members would like to do something similar let us know and we can help you get the word out to our southern friends...we could have our own State of Origin competition on our hands.

  • 20 Mar 2020 3:22 AM | Greg Dabelstein (Administrator)

    You may have noticed that QETA has been quiet of late. We are pleased to tell you this is about to change.

    Things have been happening quietly in the background as we seek to improve the Association. The Management Committee has been looking at the timing of our key activities given the new senior schooling system. It has been necessary to adjust some dates. This has been based upon feedback from our members and we thank those who have been willing to provide suggestions or ideas.

    The RBA Student Days have moved to Term 2 and are schedule to be held May 4th-13th. These events are always well attended and this year they will be offered free to students of member teachers. Obviously, with the current COVID 19 crisis we are unsure of how these may look this year. We are hopeful that even if it is necessary to cancel these as physical events, we can offer something in conjunction with the RBA online.

    The popular UQ Student Economics Competition will again be held in July. We hope that as many members as possible elect to have their students participate.

    Dates are yet to be set at this stage for the university experience days for students hosted by QUT and UQ. We will be working with these institutions to find mutually suitable times so that as many members’ students as possible can participate.

    We are currently finalising dates for our biennial conference. COVID 19 arrangements permitting, this will be held in July/August. Watch this space.

    Be sure to 'like' our Facebook page http://facebook.com/QETAinc this year as well. If you haven’t already, join the associated closed group (members only) where links to relevant news items and other content are posted by members. Feel free to ask others for ideas or advice, too.

    Historical copies of Econopak, the Associations onetime journal, are being converted to pdf for archival purposes. You will be able to access these from the members area on the website. While they are very much ‘of their time’, they do provide an interesting record of economic issues and teaching here in Queensland in past years. While Econopak is no longer published, the Association does have plans for the creation of an irregular teaching resource. The first of these is due for release soon and will be made available to all members.

    We are also in the middle of a rebrand. This includes updating our online presence, logo and other association operations. The ability to purchase third party teaching resources through the Association has been removed for the moment until such time as we conduct a review into quality and supply issues.

    Annual fees are now past due and if you choose not to re-join the Association, this will be the final email you receive from us. If so, we wish you well in your teaching, but do hope you’ll reconsider.

    If you have an insitutional membership, we ask that you please review the teacher members associated with it. Let us know of any amendments so we can keep our records up to date.

    Finally, we hope that all our members and their families are dealing with the COVID 19 crisis as best they can. We will continue to post updates about QETA activities here, including any changes to traditional activity arrangements, and on the Facebook page.
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