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Cengage are offering a free webinar for teachers interested in the Unit 3 & 4 Textbook update, on Thursday 29th 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
One of the other 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.
We have a new cash rate! Unit 4 is my favourite of our syllabus. It means that what is happening at a federal level whether through fiscal or monetary policy is directly related to what our students are learning. As such, earlier this week the Reserve Bank decided to lower
the cash rate target by 25 basis points to 3.85 per cent. For those that are new to teaching Unit 4, a mainstay activity is for students to read and unpack the RBA Governor Michelle Bullock's statement on monetary policy. The goal is is to examine the commentary
and analysis on the performance all of the economic indicators mentioned as a way of consolidating learning and absorbing key language. My classes did this exact thing this week. If it helps here are the instructions I wrote on the board:
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
There are many advantages for teachers who are members.
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