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Resources for you

Find a variety of resources Snr Economics & Jnr Eco_Bus 


Economic literacy

For Year 7-10 Eco_Bus teachers (incl non-members)

Free  resource Free  resource

New resources 7-10  We are adding to our resources! members only. Year 7-10 resources Year 7-10 resources

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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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Carbon Credits and Koala Habitat | The Australia Institute

Over the last few weeks thinktank The Australia Institute has been advocating for more attention toward NSW logging and the damaging impacts to koala habitat, drawing strong connections to NSWs Carbon Credit scheme. As many of us dive into ecological sustainability and the management of environmental resources, carbon or emissions trading is popular policy for discussion given its wide-scale adoption in various forms across the world. As always, economists look at the impacts and opportunity costs of all economic events and policies, weighing up the realities of all angles.

Here's their video which is likely to spark some keen debate on the merits and effectiveness of carbon trading. 

Practice Questions

Unit 1
Assume the demand for asthma medication is price inelastic. Also assume that the demand for airpods are price elastic. Draw a price mechanism model for each of these markets to show the impacts of supply shocks on the equilibrium price and quantity for each. Use these models to explain the impact that the price elasticity of demand has when a supply shock occurs in markets. 

Unit 3:
Explain the difference between the following economic indicators, and whether "increases" are most likely favourable or unfavourable for the Australian economy. 
a) Terms of Trade
b) Current Account Balance
c) Australian dollar against the Trade Weighted Index
d) Net income transfers

Cash Rate Held at 4.35%

Were you caught off guard with the latest RBA Monetary Policy decision as well? It may take us a bit of time to adjust to the new schedule of meetings, no longer on the first Tuesday of every month but now, 8 times a year, without a patter distinguishable by me. For everyone (else) who wants to mark these in their calendars, here are the RBA meeting dates for 2024:

  • 5–6 February
  • 18–19 March
  • 6–7 May
  • 17–18 June
  • 5–6 August
  • 23–24 September
  • 4–5 November
  • 9–10 December.
In any case, here is the link to the speech and statement. Even though monetary policy does lock in until Unit 4, there are plenty of reasons younger students will benefit from understanding the impact central banks have on the supply of money and the circular flow of income. It's tradition around here to read the statement, annotating key indications of economic performance, unpacking forecasts and discussing the logic behind the RBA decision making. This year, my classrooms have tried predicting what the media coverage may be like. Much of the journalism around each decision follows similar flows:
1. Why this decision
2. What it means for <stakeholder XYZ>
3. What predictions can be made about the future and, 
4. What economic data will these forecasts be based on.


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.

      Recording Recording flyer flyer

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