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.
Unit 4
1. Explain the impact of historically high wage growth in relation to business productivity and cost-push inflation.
2. Would a reduction in income taxes be considered a macroeconomic or microeconomic policy? Make the case for both.
Unit 2
Explain how a widening gap in income inequality may weaken the effectiveness of expansionary fiscal or monetary policy regarding stimulating
economic growth.
It turns out that evidence is ramping up further that the RBA may lower interest rates at the next meeting. The ABS has just released new labour market data showing that the unemployment rate has risen from 4.1% to 4.3% (seasonally adjusted). The ABC here examines key drivers, including global supply surprises and domestic wage growth, and evaluates the Reserve Bank’s policy responses. Market forecasts, business sentiment, and household impacts are also discussed, so there's a tonne for classrooms to unpack much of the economic cycle, monetary policy and the circular flow of income.
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.
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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