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.
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 1
1. Draw a price mechanism diagram illustrating a "negative externality" associated with the cigarette market
2. Explain 2 examples of these negative externalities and their economic impacts.
Unit 3
Research and summarise evidence of the following economies and the competitive advantage (Porter's Diamond) they have globally:
A) Australia's coal industry
B) South Korea's car manufacturing
C) French aircrafts
D) Canadian fish
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.
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
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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