604
25
Unit 2, Topic 2
Using the Measuring
What Matters framework from
the ABS, evaluate the extent to which Australia has achieved improved living standards by selecting two of the five themes.
Unit 4, Topic 2
In September 2025, a major mining operation in Queensland announced plans to cut around 750 jobs. The company cited increased state mining
royalties and weak global demand as reasons for the decision. The closure is expected to affect local employment, small businesses in the
region, and state government revenue.
BHP
alliance to sack 750 workers, blaming Qld government mining royalties - ABC News
Using the stimulus, explain how developments in the mining sector can affect aggregate demand in the Australian economy.]]>
page
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2025-09-18 21:45:00
603
8
The power of consumer power
(Unit 1 and Unit 2)
Does supply determine demand, or does demand determine what is supplied, and how much?
Costs of Production: Kraft
Heinz undoes blockbuster merger after a decade of changing tastes |
AP News Sept. 2, 2025
When the company formed in 2015, it wanted to capitalize on its massive scale. But shifting tastes complicated those plans, with households
seeking out healthier options. The economies of scale that Berkshire Hathaway and 3G Capital envisioned for Kraft Heinz never materialized.
As the behemoth struggles to adapt to changing consumer tastes, the company has announced $300 million dollar plans to split.
]]>
url
https://apnews.com/article/kraft-heinz-oscar-mayer-lunchables-79a6fe0491da98bcda8c77a8227994c3?__s=e1by508dhkpq0wft1e4g
2025-09-18 21:45:00
601
25
Explain how fiscal policy can be used to reduce cyclical unemployment during an economic downturn.
Unit 2
Explain how a subsidy on electric vehicles may improve market efficiency. In your response, refer to market failure, externalities, and the
role of government intervention.]]>
page
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2025-09-18 21:45:00
598
25
Draw two models to show how an economy may move from optimal level of economic growth to "stagflation conditions". Explain a hypothetical event which may cause this to happen and one economic policy which could be implemented to address it.
Unit 2
Explain the concept of the "tragedy of the commons," using a real or hypothetical example, and propose a potential government
policy which can be used to reduce its impacts. ]]>
page
https://www.qeta.com.au/news/practice-questions/practice-questions/
2025-07-31 04:10:20
595
25
1. Explain the concept of leading, lagging and coincident indicators providing two examples of each.
Unit 2
1. Explain the concepts of negative and positive externalities using casino games (negative) and youth sports (positive) as examples. Draw a price mechanism model for each showing these externalities.
]]>
none
2025-07-24 04:31:51
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Here's
a quick video,
and below is the report. ]]>
url
https://www.ceda.com.au/researchandpolicies/research/workforce-skills/size-matters-why-construction-productivity-is-so-weak
2025-07-24 04:26:05
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8
In any the ABS revamped their website over the last year, making
it quite easy to track and flag upcoming data releases.
For how this relates to pedagogy, if your students have a tendency to look up articles first, which means they often parrot other peoples
analysis rather than conduct their own, then jumping on the data as soon as it is released may help. Sometimes key indicators are released
during class, which means we can try to write our analysis before the media pushes it out. ]]>
url
https://www.abs.gov.au/release-calendar/future-releases
2025-07-24 04:12:29
592
25
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.]]>
none
2025-07-17 04:01:01
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8
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. ]]>
url
https://youtu.be/8csW2vxqaTM?si=guX2BaVdisJbW_05
2025-07-17 03:53:36
587
25
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.]]>
page
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2025-06-18 00:52:24
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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.]]>
url
https://www.aph.gov.au/About_Parliament/Parliamentary_departments/Parliamentary_Library/Statistics_and_Maps/Dashboards
2025-06-18 00:48:51
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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.]]>
url
https://youtu.be/caFqBKsw3ag?si=hX7FHmquJ-LFW-Vs
2025-06-18 00:37:35
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url
https://youtu.be/SYXuwTk_q8A?si=2xk7NRmxmVnyKPr_
2025-06-18 00:27:14
582
25
1. Draw and explain a LRAS/AD model, and a Long-run Phillips Curve model, to show the concept of "stagflation".
2. Suggest and explain 3 economic indicators, that are not GDP, unemployment or CPI, and how they may be trending, to allow us to infer that stagflation may be occuring.
Unit 2
1. Explain the concept of "the tragedy of the commons" using an example that is not over-fishing or over-hunting.
2. Identify and explain two negative impacts of historically increasing wealth inequality.
]]>
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2025-06-12 01:50:36
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TLDR News (British News/Commentary YouTube Channel) discusses the challenges
facing the Australian economy,
which, despite a long period of significant growth, is now showing signs of strain. While the overall Gross Domestic Product (GDP) appears
to be increasing, this is largely attributed to factors like immigration and government spending. A more concerning trend highlighted is
the decline in GDP per capita and disposable incomes. This has even led to concerns from credit rating agencies regarding Australia's
fiscal responsibility.
They do a great job of explaining several key factors contributing to this economic slowdown. Things like declining productivity, a
severe housing crisis impacting affordability and living standards, and the potential impact of shifts in the global economy, particularly
with major trading partners. These combined factors, along with slower export growth and a reliance on temporary revenue sources, paint a
challenging picture for Australia's future economic prospects.
There's a lot of analysis and evaluation as we know it. We even started interrogating some of the sources for validity to form
"counter points" which we tend to think of as "critical economic reasoning". For example, students can discuss
whether Australia is as labour-intensive as the other countries, and how that factors into labour productivity. One table suggested
that maybe since Australia's industry is so service-based, that perhaps "labour productivity" may be lower than other
economies that have more capital-intensive industries. In other words, the question was raised -- surely a factory with mostly robots
making widgets with a small number of human workers is more "productive" than health clinics, schools and law firms, if you
measure productivity by output produced by hour of human labour.
Fascinating stuff, and how great is it that a room full of teenagers are smart enough to shake their heads at the sight of some line
graphs.
]]>
url
https://youtu.be/QgR2nxrfKVI?si=9ApGEhqUPR_1Qj15
2025-06-12 01:44:33
579
25
1. Compare and contrast the incentives for innovation in perfect competition versus monopolistic competition. Justify why one might foster
more innovation than the other
2. Oligopolies can lead to either "intense competition or cooperation." Discuss the potential benefits and drawbacks for consumers
when oligopolistic firms choose to cooperate (e.g., collusion) rather than compete fiercely.
]]>
none
2025-06-04 07:34:42
578
8
url
https://www.youtube.com/watch?v=ZxpQLvegqoQ
2025-06-04 07:33:01
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8
CoreLogic
provides an accessible overview of recent trends in Australia’s housing market,
highlighting national patterns and key economic influences on property values. It offers insights into how markets respond to factors like
interest rates, consumer confidence, and affordability—making it a valuable resource for high school economics students studying real-world
applications of demand and supply, monetary policy, and economic indicators. The article helps students link theoretical models to current
events, encouraging critical thinking about the housing sector’s role in the broader economy. It's a useful classroom discussion tool for
both macroeconomic and microeconomic concepts.]]>
url
https://www.corelogic.com.au/news-research/news/2025/housing-values-continue-to-rise-as-growth-trends-converge-across-the-capital-cities?utm_campaign=13600422-AU%20Gated%20-%20Home%20Value%20Index&utm_medium=email&_hsenc=p2ANqtz-8_0tokW9ub2R48ysazdpi93Y5_
2025-06-04 07:25:46
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25
I imagine there may be a lot of senior students out there trying to wrap their heads around the Long-Run
Aggregate Supply Curve
as they lean into the depths of Unit 4. As a go-to, Jacob Clifford's Youtube channel is one of the better explainer videos out there in
terms of covering inflationary, deflationary and optimal levels of output across our AS/AD models. Some of the language may be a bit
different from our Australian vocabulary, but the concepts are the same.
]]>
url
https://youtu.be/a2azB2eag5I?si=VUQXdpPHGB2oQg8a
2025-06-04 07:21:31
575
8
1. Explain one way a monopoly can negatively impact consumers. Provide an example to support your answer.
2. What is a key difference between a monopoly and an oligopoly? How might this difference affect pricing and competition?
Macroeconomic Objectives
1. Define the natural rate of unemployment and explain why it is not considered zero. Include one type of unemployment that contributes
to it.
]]>
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2025-05-29 05:43:13
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Even better, UQ has offered QETA members a 20% discount – just use the code UQSNET20 during the registration for the discount to apply.
Event: Future Ready with AI
Date: Thursday 24 July 2025
]]>
url
https://uqschoolsnet.com.au/event/session/724
2025-05-29 05:40:58
570
8
Imagine an economy that is currently facing an inflationary gap. Explain using both an LRAS/AD model and a Longrun Phillips Curve why, in
the absence of government intervention, inflationary pressures may continue to increase.
Unit 2
Explain these concepts
1. Tragedy of the commons
2. Demerit goods
3. Perfect competition
4. Allocative efficiency]]>
page
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2025-05-22 04:26:37
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th of
May via Teams from 4:00 – 5:00 pm. The session will highlight the refreshed chapter structure and key updates including the
new chapter devoted to success in the external exam. Those who attend this webinar in full will receive one free resource of the
new Economics for the Real World upon publication. Register
for webinar]]>
url
https://events.teams.microsoft.com/event/4540b55f-21ce-4a94-a31f-e1e670566c64@f2decbd0-6479-4935-a9f0-5b8ec8ca9ec7
2025-05-22 04:21:08
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8
great newsletters out there comes from the RBA itself. Those in the known may have already seen the RBA’s Explore Economics
initiative provides a valuable suite of resources aimed at encouraging students to engage with economics by highlighting its relevance to real-world issues. The page includes accessible explainer videos on key topics like inflation, monetary policy, and the role of the
RBA—ideal for reinforcing classroom learning.
Teachers will also find downloadable posters to prompt critical thinking, and videos featuring RBA economists sharing their career pathways to inspire students, and a "Careers
in STEM" to showcase career pathways in Economics. This initiative is especially useful for demonstrating the practical application of economics and helping students see its role in addressing challenges such as sustainability, productivity, and economic well-being.]]>
url
https://www.rba.gov.au/education/explore-economics/
2025-05-22 04:18:35
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8
1. Go this website and copy the text into your
notes
2. Highlight every economic indicator mentioned as:
- Green = "increasing economic activity"
- Red = "decreasing economic activity"
- Yellow = "....hard to tell"
3. Define every theory drop (i.e., "Aggregate Demand")
4. Based purely on the statement, draw an economic cycle model and note where the economy is
]]>
url
https://www.rba.gov.au/media-releases/2025/mr-25-13.html
2025-05-22 04:11:02