The Reserve Bank's 2021 Teacher Immersion Event will be held on Tuesday, 16 November. This professional learning event
provides an excellent opportunity for secondary school Economics teachers across Australia to expand their knowledge of current economic
issues and deepen their understanding of economic concepts. The event will feature short addresses by the Governor, Deputy Governor and
Chief Economist, along with other senior economists from the RBA, and there will be opportunities to ask questions.
In response to teacher requests, the Reserve Bank of Australia (RBA) has created a new Explainer covering
the Non-Accelerating Inflation Rate of Unemployment (NAIRU). It explores what the NAIRU is, why it is important and what determines its
A recording of our recent Economic Update webinar for senior high school students is now available on our Videos page.
The talk covers the latest developments in the Australian economy and features Rachael Fitzpatrick and chief economist Luci
EconoBites are 'bite sized' items that you can use with your students. The emphasis is on applications of Economics to current situations or
events that are relevant to the syllabus content for a particular year. Check out the two latest EconoBites for Year 11 and 12 Economics
teachers and students.
Suitable for the Year 12 Unit 3 topics, Pattern of Trade and Balance of Payments, this ‘bite’ explores the changing pattern of trade in
Australia since 2010. Australia's Trade(NEW)
In addition to our regular publications, ETAWA has recently developed a practice Semester 2 examination for Year 11 (Units 1 and
2). This is available now to order online.
The examination has been written by an experienced writer and includes the examination, a multiple choice answer sheet and an
analytical marking key that reflects the marking guides used in the final ATAR examination developed by the School Curriculum and Standards
This will be a great resource for teachers to use with their Year 11 students leading up to the examination period.
The price for the examination is only $30.
The Year 11 Practice examination (and marking key) will be dispatched via email within 48 hours of purchase.Read More…
Steven Kemp, Co-Author of ‘Investigating Economics’ presented a revision seminar on Unit 3 and 4 of the Economics ATAR course. This seminar covered the key concepts and models from the Unit 3 and 4 content, as well as provide tips and hints on how you can improve your exam
performance in the 2021 Economics ATAR Examination.
This presentation will be available to all students until Monday 13th September. Click on the 'Read More' link below to access the presentation.
The CCIWA Student Economic Forum in partnership with the Economics Teacher's Association of WA is now in its 24th year.
We're pleased to present 2021 year 12 economic students with study support resources and career advice.
The Student Economic Forum page includes:
Study Tips for the 2021 Economics ATAR Examination presented by Steven Kemp
Career guidance and advice
Economics resources on the state of the WA economy
Please visit the forums website by clicking on the link below.
The Reserve Bank of Australia (RBA) has released the following communication regarding our upcoming online events which you may be
interested in. New online education events Registrations are now live for two new webinars, designed to support Economics teachers
These events are free of charge and will be run via Zoom.
Bradley Jones, Head of Economic Analysis, talks about the economic effects of COVID-19 on the Australian economy and how the economy has
recovered. (This was presented as part of the Topical Talk series, which supports teacher professional development.)
The publication is now available for purchase. It provides an invaluable tool to support Year 12 teachers and students in preparation for
the 2021 examination. The Guide is $40 including postage and handling. Order now.
The COVID-19 pandemic gave rise to a historically large and rapid shock to the economy. This presentation will trace out the evolution of
the shock, its unique elements, and what we have learned along the path to recovery.
Thursday, 13 May 2021, 3.45 pm – 4.45 pm (AEST)
You can still book for your students to attend one of our Online Student Talks in May:
Monetary Policy and Current Economic Conditions (aimed at Years 11 and 12)
Introduction to Economics (aimed at Years 9 and 10)
Ahead of the end of financial year, the ATO has prepared a range of resources to help teachers and education professionals this tax time.
It’s important that everyone understands what they can and can’t claim at tax time and how to best prepare and lodge their returns,
especially after a challenging year.
Teachers and education professionalsToolkit – This
toolkit contains practical and tailored information and tips to help anyone in the education sector including teachers, education
professionals and office workers, understand what they can and can’t claim in their tax return.
Template social media posts and a suggested newsletter article ready to use, for you to include in your relevant
communication channels, available on pages 12 and 13 of the Teachers
and education professionalsToolkit.
Annual Shann Memorial Lecture 2021
Monetary Policy During Covid with Guy Debelle (RBA) The UWA Business School Economics Department is pleased to invite you to attend this
year's Shann Memorial Lecture, Monetary Policy During Covid, on Thursday 6 May.
The RBA Deputy Governor will discuss the actions the Bank has taken over the past year and the impact they are having on the Australian
economy and financial markets. There will also be the opportunity for Q&A.
Dr Guy Debelle commenced as Deputy Governor of the Reserve Bank of Australia on 18 September 2016. He is Deputy Chair of the
Reserve Bank Board and Chair of the Reserve Bank's Risk Management Committee. Prior to his current role, Dr Debelle was the Assistant
Governor (Financial Markets).
Date: Thursday 6 May 2021
Time: 5:00pm - 6:15pm
Venue: Wesfarmers Lecture Theatre, UWA Business School
The Reserve Bank of Australia (RBA) is undertaking research to provide insights into Australia’s economic teachers, the challenges they face
and how the RBA can support. The Bank would be grateful if you would please complete the survey and ensure those in your communities of
practice and networks also participate. The RBA is hoping to obtain a representative picture, which can be applied to best support
teachers going forward. Therefore, it is in our collective interest that as many ETAWA members complete the survey. The short
questionnaire will explore the challenges faced by Economics teachers, and what could be done to better promote and support the teaching and
learning of Economics in Australia.
The survey has just launched at: https://www.surveymonkey.com/r/economics-teachers4
To celebrate HASS Week 2021, and promote the study of Economics and Business, the Economics Teachers’ Association of Western Australia is
running an Economics-themed political cartoon competition. The cartoons can be based on one of three themes relating to the current economic
Vaccine led recovery
Business responses during COVID
The Great Reset
Entries must be received by 4 pm Thursday, 1st April 2021.
For more information on how to enter click on the link below.
The Western Australian Year 10 Economics and Business textbook from E & B Education titled Economic Performance and Living standards
is now available.
The key topics are:
Consumers’ purchasing and financial decisions
Economic goals and performance
Australia’s economic performance over time
Comparing economic performance across countries
Ways that businesses respond to economic conditions
Ways that government responds to economic conditions.
To support teachers E&B Education have written a book that contains:
student reading that covers all the Year 10 content descriptions
37 learning activities designed to develop students' HASS skills, and
reflection points at the end of each topic.
Economic Performance and Living standards is available for order now via the link below.
New Current Economic Conditions video
Following this month’s Statement on Monetary Policy, a video summarising Current
Economic Conditions has
just been released. RBA Economist Tomas Cokis takes students through the latest developments in the Australian economy.
The RBA has just released a new Explainer covering ‘Drivers
of the Australian Dollar Exchange Rate’.
This explores the different factors that lead to changes in the Australian Dollar exchange rate over time. It completes the RBA’s
suite of exchange rate Explainers, which can be accessed on our Explainers page. Videos on this topic will be released in the coming month.
On the 7th January 2021, Chris Stone the elected President of the Economics Teachers’ Association of Western Australia (ETAWA) passed away
suddenly. The Association extends its condolences to Chris’ family and friends. As a life member of the Association, Chris was a role model
and highly respected Economics and Humanities and Social Sciences teacher. His contribution extended beyond the classroom as a curriculum
and textbook writer, and through his work in assessment and moderation. Chris made a difference in education and his knowledge, wisdom
and enthusiam for teaching economics will be greatly missed.
For 2021, the RBA have scheduled an extensive series of online talks throughout the academic year, via Zoom. There are two talk types to
Monetary Policy & Current Economic Conditions (aimed at Years 11 and 12) – An economist will share insights on
how the RBA conducts monetary policy, and current conditions in the Australian economy. A recent graduate will also share insights on his or
her career path and role, discussing the benefits of studying Economics. Introduction to Economics (aimed at
Years 9 and 10) – An economist will provide an introduction to the economy, the role of the RBA, and the benefits of studying economics.
Talks from February to May 2021 have now been uploaded to the website. Teachers can register for any of the talks and will be sent a link
nearer the time, which they will be able to share with their students.
As with all the RBA’s resources, talks and events are free.
Registrations can be made at: https://www.rba.gov.au/education/book-a-talk/Read More…
Semester 1 and Semester 2, past Year 11 and 12 Examinations may be found in the ‘members resources’ section of the website. This is a great
resource for students to access practice questions. Marking keys are also provided.
In this episode, we have Chris Stone from the Economics Teachers' Association of WA talking to Diane Calligaro, practising economist turned
high school teacher on her experience and the importance of studying economics.
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 measures that have increased spending. Tab 2 shows the wide variation between spending categories. Andrew Charlton from AlphaBeta was interviewed on
ABC TV in August 2020 about the impact of Victoria's Stage 4 lockdown on the flow of goods. Will a similar impact be felt following the NSW lockdown for Christmas?
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 Year 10
students are looking at measures of economic activity and wellbeing. The section about the three main measures and how they are used is
interesting and probably best presented to Year 11 students in the macro economics unit
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, unemployment and economic growth. Reading and Interpreting Charts
Gigi talks about the components of charts that are created from economic data and the things to consider when interpreting them. [Part 1,