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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T'chat events (online and free for members) |
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Griffith University event Years 9-11 |
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.
Economic Management
1. Explain how the Australian government might use fiscal policy to respond to a recession. In your answer, discuss the potential benefits
and risks of increasing government spending during economic downturns.
2. Describe how the Reserve Bank of Australia (RBA) uses monetary policy to control inflation. Evaluate why lowering interest rates
might help the economy but could also have some negative effects.
Inequality
1. Explain the difference between income inequality and wealth inequality. Discuss one way the Australian government might try to
reduce these inequalities and why it could be effective or not.
We have a new source for economic data!!!
It's not entirely new actually, but APH's KESI has received a pretty significant renovation. The
Key Economic & Social Indicators (KESI) dashboard from the Australian Parliamentary Library
offers an interactive snapshot of Australia’s latest economic and social data—covering areas like employment, GDP, household and foreign
debt, wages, prices, and business conditions. The updated design makes it incredibly easy to scale to specific timelines, something that
shoul dbe super handy when trying to format stimulus. This tool is invaluable: it presents real-world statistics in a clear, accessible
format, allows users to download data files, and supports deeper analysis of trends affecting Australian society.
The Business ran an interesting story looking at recent trends and related global issues placing downward pressure on the value of iron ore. Australia’s iron ore exports are losing value as weaker demand from China and rising global supply push prices down. This decline could hit government revenue and the broader economy hard. While a rebound is possible if China boosts stimulus, long-term challenges remain. To stay competitive, Australia may need to shift toward higher-grade production and diversify its mining sector. Watch the full story to see what’s at stake. Students may find this interesting as it shows how global events can directly impact Australia’s economy and living standards. It also links to key topics in our syllabus like trade, government revenue, and structural change.
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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