August 9, 2020

Year 10, 11 and 12 students would all benefit from reading and interpreting the latest graph/chart of consumer spending from illion, in partnership with economists at AlphaBeta.

Tab 1 shows the initial decline in consumer spending and then the impact of the policy measu...

August 9, 2020

Here are two more videos that the RBA has recently added to their website.

Gross Domestic Product

Gigi Lovicu explains the concept of GDP. He covers the three main measures of GDP and what is not included in GDP.

The section on what’s not included would be useful when Yea...

August 9, 2020

The RBA has recently added more videos to their website. The following pair by Gian-piero (Gigi) Lovicu would be excellent to use in Year 10 Economics and Business when students start to look at graphs (also known as charts) that represent economic data for inflation,...

July 21, 2020

This short RBA video provides a clear and interesting explanation by Tom Rosewall, (Economic Analysist) of how consumption spending has changed in Australia during the COVID-19 pandemic.

Current Economic Conditions – Household Spending (Consumption) – 8 July 2020

June 4, 2020

A recent episode of the RN program The Economists talked about why Economics is important and the best way to teach it.

I was interested in Justin Wolfers' four principles of Economics. In particular, his explanation of the principle of interdependence – reflected the e...

May 13, 2020

If you didn’t get up early for the webinar Joseph Stiglitz on the economics of COVID-19 then you can access the full 60 mins on the Australia Institute website – just scroll down through the previous episodes to find it – its worth the search to see and hear the repute...

May 12, 2020

Get the latest updates on the economic impact of COVID-19 from Illion (a leading credit bureau).

Their 'real time tracker' provides interesting data about consumer spending behaviour. After examining the data, good discussion can be had with Year 11 and 12 students, aro...

April 23, 2020

I listened to a great webinar yesterday which was organised by the Economic Society of Australia. Some of Australia's leading economics commentators discussed whether the government response to COVID-19 is 'too little, too big or just right'.

Shane Wright led a great di...

April 16, 2020

In recent years avocados have been a widely used example when teaching how markets respond to increasing demand:

  • initially more competition drives prices higher

  • the supply increases as resources are re-allocated and growers produce more (perhaps existing grower...

April 9, 2020

An article that I read yesterday, is a great example of leveraging off things that are current in ‘teenager space’ to teach Economics ideas. It deals with work practices in the cocoa trade by starting with chocolate Easter eggs - something most kids are interested in a...

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