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We have a new source for economic data!!!
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.
The Business ran an interesting story looking at recent trends and related global issues placing downward pressure on the value of iron ore. Australia’s iron ore exports are losing value as weaker demand from China and rising global supply push prices down. This decline could hit government revenue and the broader economy hard. While a rebound is possible if China boosts stimulus, long-term challenges remain. To stay competitive, Australia may need to shift toward higher-grade production and diversify its mining sector. 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.
Here's a short news bite for anyone looking at environmental economics. There seems to be an emerging problem with how to dispose of solar panels at their end of life. What might be a novel problem for most of us, the management of this may serve as an engaging deep-dive related to ecological sustainable development and product life cycles.
There are many advantages for teachers who are members.
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