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Thank you to CPA Australia for their ongoing support
Thank you to CPA Australia for their ongoing supportEconomics and Business Educators 2020 Events Calendar
Click here to see the Economics and Business Educators 2020 Events Calendar (as at 8 February 2020).
Join EBE NSW
To apply to become a new member of EBE NSW, please visit the EBE NSW Membership Portal here.
Click here for the "Benefits of EBE NSW Membership" flyer.
2020 EBE NSW Trial HSC Examinations order form available
The order form for the 2020 EBE NSW Trial HSC Business Studies, Economics and Legal Studies examination papers is now available. Relevant past papers are also available for purchase. The examination papers have been designed by EBE NSW Directors and include marking guidelines. Special discount prices apply to members of EBE NSW.
>> Order form for 2020 EBE NSW Trial HSC examination papers
Resources from the Reserve Bank of Australia to help Economics teachers discuss the May, 2020 Labour Force Statistics
The Australian Bureau of Statistics has released the May, 2020 Labour Force Statistics:
>> https://www.abs.gov.au/ausstats/abs@.nsf/mf/6202.0?opendocument&ref=HPKI
These data provide an opportunity for rich classroom discussions about labour market concepts and current conditions. To support such engagement, the Reserve Bank (RBA) has developed a number of resources that may be incorporated into lesson plans. Please see below.
Video Explainer: The Labour Market and Unemployment
The RBA has brought to life it’s popular Explainers series with a video presented by Economist Gigi Lovicu. Gigi talks students through the groups in the labour market and types of unemployment, relating this to the current conditions in Australia.
Explainer: Unemployment: Its Measurement and Types
This Explainer outlines how the unemployment rate is measured and describes the main types of unemployment.
Video: Recent Developments in the Labour Market
In this video recording of a recent RBA teacher professional development webinar, Head of Prices, Wages and Labour, Natasha Cassidy, discusses the effect of COVID-19 on the Australian labour market as at 25 May 2020.
Invitation for EBE NSW members and their Economics students
Webinar - The economy and monetary policy
Presented by Guy Debelle, Deputy Governor of the Reserve Bank of Australia
Date: Tuesday 30 June 2020
Time: 12.30pm - 1.30pm
As part of the Economic Society of Australia’s support for the economics profession, they are providing access to an upcoming webinar titled "The economy and monetary policy" with the Deputy Governor of the Reserve Bank free of charge to EBE NSW members and their Economics students.
Teachers and students can register for the webinar (including the Q&A) via the registration link:
They should enter the “promo” code ESAEDU during the booking process.
As there are costs associated with additional registrations, please ensure the use of this code is restricted to high school Economics teachers and students who intend to join the webinar.
A recording of the webinar will be made available on the ESA website a few days after the event. It will also be posted to the RBA website.
This offer is made possible by the sponsorship support of the webinar by Morgans.
More information and registration details:
UTS HSC Economics workshop for HSC Economics students with Warren Hogan (Online via Zoom)
Date: Tuesday 7 July 2020
Time: 2pm - 3pm
Cost: Free
Where: Online via Zoom
Join UTS Business School's Industry Professor Warren Hogan as he helps make sense of key economic trends and data.
Professor Hogan will cover off a range of topics including:
- The global economy, and the impact of Covid-19 on global economic growth and on trade wars between Australia, US and China.
- Labour market policies – economic and wage growth – and how official unemployment rates might underrepresent the real un and under employment rate.
- Distribution of income and wealth in Australia.
- Macro policy and inflation – how effective is macro policy in controlling inflation and challenges of a low-inflation environment in the new economy.
With plenty of time for Q&A, this is a good opportunity for HSC Economics students to get their trickiest economics questions answered by one of Australia's leading economists.
More information and registration details:
Economics, Business Studies and Legal Studies: A teacher professional learning tour of East Coast USA
Dates: To be announced
Academy Travel, in conjunction with Economics and Business Educators NSW, is delighted to present an outstanding professional development opportunity for teachers of Economics, Business Studies, Legal Studies and Commerce.
The itinerary begins in Washington DC, where teachers will tour key government organisations and significant landmarks. Continuing to New York City, participants will explore the Financial District, international law and order, and the world of commerce.
In addition, the itinerary includes a series of guided tours and site visits with experts. There is also time at leisure for sightseeing, shopping and exploring.
>> Further details, including a detailed itinerary
2020 Business Educators Australasia Plan Your Own Enterprise (PYOE) Competition
The Business Educators Australasia Plan Your Own Enterprise Competition (PYOE) encourages secondary school students to apply their business education to a real life scenario. Working individually or in small groups, participants are asked to devise a creative enterprise idea and submit a business plan, explaining how their great idea could become a profitable business.
For teachers, the competition is a valuable tool to enhance the business education curriculum and support them as they develop the next generation of business leaders. For students, it helps to build valuable work and life skills. The competition requires business insight, practical financial skills and a creative flair for problem solving.
Economics and Business Educators NSW runs the competition in NSW. To enter, students need to devise a creative enterprise idea and submit a 3000 word business plan, explaining how their great idea could become a profitable business. The competition has two divisions with fantastic prizes up for grabs:
- Division one – Open to individual student entries, submitted by students of any age, attending a registered secondary school.
- Division two – Group entries (maximum of six students), submitted by students of any age, attending a registered secondary school.
NSW entries are due by Friday 4 September 2020. These will be marked, and finalists in both divisions will be invited to the NSW Awards Ceremony. At this awards ceremony, the winner in each division will be announced. The NSW Division One winner will receive an iPad mini 4 Wi-Fi 128GB (valued at $579). Certificates and other prizes will also be awarded.
National judging will occur after the winners in each state and territory have been determined. Winners will be advised by the end of 2020.
This competition can be incorporated into assessment tasks for both Commerce and Business Studies. Click here for a sample assessment task. Email EBE NSW if you would like a Microsoft Word version of the sample assessment task.
Amanda Ritter has developed a unit of work based on the PYOE Competition which can be accessed here. The PYOE Competition could form the content for a Commerce "school - developed option" (see pages 48 and 49 in the NSW Education Standards Authority Commerce Year 7 - 10 Syllabus).
All students who enter the competition will receive a Certificate of Participation for their job portfolios.
>> Full details are available in the 2020 PYOE competition brochure.
See the article available to EBE NSW members - “Student2Student: How to Overcome the Pitfalls of Business Planning" by Sarah Matthias (Division 1 Winner of CPA Australia Plan Your Own Enterprise Competition 2016) in “The EBE Journal – Journal of the Economics and Business Educators NSW” – Issue 2, 2016.
There is no cost to enter the competition.
2018 EBE NSW CPA Plan Your Own Enterprise Competition NSW Awards Ceremony – 11 October 2018
EBE NSW recognised the NSW Plan Your Own Enterprise (PYOE) winners at the annual NSW awards ceremony on 11 October 2018 at Commonwealth Bank Place South (11 Harbour Street, Sydney). At the ceremony, prizes and certificates were awarded to the NSW student winners and their schools. Parents were in attendance to celebrate the success of their child, as well as teachers. Congratulations to the following winners and their teachers from NSW:
- Division 1 (Individual entry)
Julian Annison - Inaburra School for his business plan: AspergerAssist
Teacher: Mr Low
- Division 2 (Group entry)
Georgia Graham and Alicia Amann – Abbotsleigh for their business plan: Tempo
Teacher: Ms Laing Peach
Thank you to all the students who entered the competition this year and the teachers who inspired and encouraged their students to enter this prestigious competition. Each student who participated received a Certificate of Participation signed by Mr Tony Kuc, President Business Educators Australasia.
Thank you to the students, their families and teachers for attending the NSW Awards Ceremony.
Thank you to EBE NSW Director, Nicholas Ward, for taking on the role of PYOE NSW Coordinator in 2018 and for all his time and effort in ensuring the competition in NSW was a success.
| 2018 PYOE NSW Competition Finalists | |
Division One AspergerAssist - Julian Annison What the Shell! - Jade Hunter Freestyle - Chelsea Hoang Anywhere Aqua – Water Where You Are - Julie Kelland GAIA - Mackenzie Matthews Marauderz - Rithwik Kumar Pherfume - Chelsea Liu ScrapCo - Prathik Subbanna The Mush Room - Serene Khalaf The Newly Collective - William Lucas The prizes for the Division 1 NSW finalists (1st, 2nd and 3rd) were: 1st place - iPad Mini & $200 Dymocks voucher for the school |
Division Two ARBuy Cakes, Cookies and Confessions Roseabelle Sole Switch Tempo The prizes for the Division 2 NSW finalists (1st, 2nd and 3rd) were: 1st Place - $150 cash per student, and $200 Dymocks voucher for the school
|
Congratulations to all the winners. Be sure to incorporate the PYOE competition into your Commerce and/or Business Studies teaching and learning program in 2019.
From left to right: Julian Annison (NSW and National Division 1 PYOE Competition Winner) and Joe Alvaro (President - Economics and Business Educators NSW) at the 2018 NSW PYOE Awards Ceremony
From left to right: Alicia Amann (NSW Division 2 PYOE Competition Winner) and Joe Alvaro (President - Economics and Business Educators NSW) at the 2018 NSW PYOE Awards Ceremony (Absent: Georgia Graham who was also the NSW Division 2 PYOE Competition Winner)
EBE NSW President Joe Alvaro (far left) with NSW PYOE Competition Finalists at the 2018 NSW PYOE Awards Ceremony
NSW Division 1 Winner successful at the 2018 Business Educators Australasia Plan Your Own Enterprise Competition National Awards Ceremony – 11 October 2018
The Plan Your Own Enterprise Competition NSW Division 1 winner, Julian Annison from Inaburra School, represented NSW at the Business Educators Australasia National PYOE Awards Ceremony in Sydney at Commonwealth Bank Place South (11 Harbour Street, Sydney) on 11 October 2018, following the NSW Awards Ceremony. Julian joined the division one finalists from the other states and territories of Australia. Julian was successful in being the national Division 1 winner for his business plan, AspergerAssist. Well done to Julian on this significant achievement at a national level.
The national Division 2 winner was Eloise Webster, Olivia Pietralla and Rubi Brady from Camberwall Girls Grammar School in Victoria for their business plan, Weasley’s Wash n’ Walk.
EBE NSW congratulates the 2018 PYOE national winners.
From left to right: Nicole McCormack, Commonwealth Bank Deputy General Manager Small Business Sales and Services, Julian Annison (NSW and National Division 1 PYOE Competition Winner) and Tony Kuc (President – Business Educators Australasia)
illuminate:nextgen Challenge
The illuminate:nextgen Challenge is a week long challenge which involves students exploring key concepts and ideas around starting their own business to solve a current problem in their community. The ideas are developed using contemporary business planning tools, with students presenting business plans, financial forecasts, pitch decks, marketing collateral and more to prove the viability of their business.
Each challenge is facilitated by illuminate Education's experts as well as business and community leaders who will share their experience and knowledge through presentations, assessment and feedback.
Dates for the illuminate:nextgen Challenge in NSW:
Sydney
18 to 22 November 2019
Hosted at: UTS
Port Macquarie
2 to 6 September 2019
Hosted at: Charles Sturt University
Wollongong
2 to 6 December 2019
Hosted at: University of Wollongong
NSW Curriculum Review
On 13 May 2018, the NSW Premier Gladys Berejiklian and Minister for Education Rob Stokes announced that NESA (NSW Education Standards Authority) will undertake a review of the NSW curriculum to ensure it equips students to continue to contribute to Australian society into the 21st century. NESA has engaged Professor Geoff Masters, CEO of the Australian Council for Educational Research (ACER) to lead the review.
>> EBE NSW has made a submission to the Review. Read the submission here.Submission to NSW Education Standards Authority (NESA) – Re 2018 NESA Draft Commerce Syllabus
EBE NSW has made a submission to the NSW Education Standards Authority (NESA) re the 2018 NESA Draft Commerce Syllabus.
>> Read the submission here.
NESA Draft Commerce Syllabus
The current Commerce syllabus was last revised in 2003. The NSW Education Standards Authority (NESA) has released a draft Commerce syllabus.
>> The draft NESA Commerce syllabus can be found here
>> The “Commerce Years 7-10 draft syllabus summary of changes” can be found here
Have your say on the draft Commerce syllabus by completing a survey, attending a consultation meeting, and/or submitting a written response to the project manager. Consultation will be open from 23 July 2018 to 2 September 2018.
>> More information can be found here
Economics and Business Educators NSW will be making a submission about the draft Commerce syllabus and members are encouraged to contribute to the submission by sending their comments about the draft Commerce syllabus to admin@ebe.nsw.edu.au.
Some questions to consider:
- What are the strengths of the syllabus?
- What are the challenges of the syllabus?
- Is there enough balance between economics, business, law, consumer and financial literacy and civics and citizenship subject matter?
- Considering the Commerce syllabus was last revised in 2003, to what extent is the current syllabus relevant to today's changing commercial environment and contemporary teaching and learning ?
- What do you think about the content from the Australian Curriculum, Assessment and Reporting Authority (ACARA) Australian Curriculum: Economics and Business and the ACARA Australian Curriculum:Civics and Citizenship to develop the draft Commerce syllabus?
EBE NSW made a submission to NESA when the review of the Commerce syllabus was
announced in 2017.
>> Read the submission here
The Reserve Bank of Australia (RBA) also made a submission during this period – read their submission here.
In response to the draft Commerce syllabus, the RBA has made a “Supplementary submission to NESA Review of Commerce Years 7 – 10 Syllabus”.
>> This submission can be found here
2019 EBE NSW Trial HSC Examinations order form available
The order form for the 2019 EBE NSW Trial HSC Business Studies, Economics and Legal Studies examination papers is now available. Relevant past papers are also available for purchase. The examination papers have been designed by EBE Directors and include marking guidelines. Special discount prices apply to members of EBE NSW.
>> Order form for 2019 EBE NSW Trial HSC examination papers
Latest issue of “The EBE Journal - Journal of the Economics and Business Educators NSW” (Issue 2, 2017) now available
The latest issue of The EBE Journal - Journal of the Economics and Business Educators NSW (Issue 2 — 2017) is now available in the members section of the website. EBE members must login to access the latest EBE Journal. Past issues of "The EBE Journal" are also in the members section.
Contents
- President’s Report
- EBE NSW News
- 2017 EBE NSW Annual Conference - New Frontiers: Economics and Business Education in an Era of Innovation
- Report by Elizabeth Perry, 2017 EBE NSW Annual Conference Rural Grant Recipient, The Rivers Secondary College, Richmond River High Campus - 2017 EBE NSW Annual Conference - New Frontiers: Economics and Business Education in an Era of Innovation
- Report by Daniel Benjamin, 2017 EBE NSW Annual Conference Rural Grant Recipient, Sapphire Coast Anglican College, Bega - Business Case Study: Ecto Handplanes - Cheryl Brennan
- Case Study: Nahji Chu, Queen of Rice Paper Rolls - Mai Ni Pham
- Developing Deep, Authentic Learning Experiences in Economics - Matt Robinson
- A student from Quilpie in South West Queensland wins National 1st in the ASX Schools Sharemarket Game (Game 2, 2017) - Amanda Mior
- PYOE Competition 2017 – Winning NSW Division 1 entry
- Yesterday news and Breaking news: Using media file templates to help students unpack all sorts of news - Mai Ni Pham
- Should we do away with exams altogether? No, but we need to rethink their design and purpose - The Conversation, December 1 2016
- Getting students to put their legal knowledge into practice to demonstrate understanding - Mai Ni Pham
- What is race? - Olivia Bui
- Submission to Australian Securities and Investments Commission (ASIC): National Financial Literacy Strategy Consultation 2017 (October 2017) from Economics and Business Educators NSW
- NSW Education Standards Authority 2017 Consultation Draft NSW Supplementary Documentation: Subject Content Knowledge Requirements (Revised) - Submission from Economics and Business Educators NSW
- Open Letter from 25 Teacher Associations supports copyright
- Submission to NSW Education Standards Authority (NESA) regarding the review of the Commerce Syllabus from Economics and Business Educators NSW
- President’s Report to the 2017 Economics and Business - Educators NSW Annual General Meeting (11 December 2017)
- Economics and Business Educators NSW Financial Statements for the year ended 30th June 2017
- Economics and Business Educators NSW Financial Statements for the year ended 30th June 2016
Back issues of the "The EBE Journal - Journal of the Economics and Business Educators NSW" are also available in the members section of this website and contain useful teaching and learning resources.
