Teaching Economics in Queensland (TEiQ) is an irregular publication that is provided for member use. It is intended to provide an economic update and teaching ideas for members. We welcome feedback, topic suggestions and contributions for future editions.

Unit 1 - PPC and CFM Practice

1. Explain how the concepts of scarcity, choice and opportunity cost are represented by a Production Possibility Curve (PPC). Draw a PPC to supplement your answer. 
2. Explain why taxation, savings and imports are considered "leakages" in the circular flow of income model. 

Unit 3 Practice - Exchange Rates

1. Explain how an increase in the RBA cash rate relative to the US Federal reserve rate may influence the AUD/USD exchange rate. 
2. IDentify 3 potential impacts signficanct depreciation of the Australian dollar may have on the Australian economy

TEiQ - Issue 1 2020

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