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.
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.
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
There are many advantages for teachers who are members.
Join our newsletter and receive all the latest updates from us.
Write to us through the contact form.
