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.
1. Explain what is meant by deregulation. Using two specific examples discuss the benefits of deregulating major industries.
2. Describe 3 historical examples of the Australian government implementing microeconomic policies
3. Describe 3 different policies the Queensland Government could implement to reduce income equality.
Economic Management
1. Explain the difference between discretionary and non-discretionary fiscal policy, providing and example of each.
2. Identify and describe two examples of microeconomic policy:
A) One that is likely to only increase SRAS
B) One that is likely to also increase LRAS
All students
1. Outline two costs and two benefits (potentially) if the Australian Government were to increase its intake of permanent skilled migrants.
2. Imagine there were significant increases to government funding for clean energy innovation, namely the production and distribution of wind and solar power. Draw two different economic models to show the potential impacts of such a policy. Describe 2 potential harms this investment may have from an economic lens.
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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