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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 24 October 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
The Australian Business Economists Schools Conference - COVID: Impacts on the economy and the labour market, monetary policy responses
An event for high school students in years 10, 11 and 12 and their teachers
Date: Tuesday 27 October 2020
Time: 1.30pm - 3pm AEDT
Venue: Online via Zoom
Cost: Free
The Australian Business Economists Schools Conference - "COVID: Impacts on the economy and the labour market, monetary policy responses" will begin with a highly relevant presentation from a senior Reserve Bank official. It will follow with a panel session featuring four young and successful economists who will talk about their education journey, career and economics in the real world.
This panel session will include a focus on how the study of economics has been critical to their career success. The conference will conclude with an open discussion in which teachers and students will have the opportunity to ask questions.
Please register your interest to attend here
Program
- Welcome and introduction
Stephen Walters, ABE Chair and Chief Economist, NSW Treasury
- COVID and the economy: Local and global
Natasha Cassidy, A/g Deputy Head, Economic Analysis, Reserve Bank of Australia
- Panel: Economics in an emergency
- Besa Deda, Chief Economist, St.George Banking Group (Moderator)
- Elysse Morgan, Business & Finance Journalist, Australian Broadcasting Corporation
- Alex Joiner, Chief Economist, IFM Investors
- Emily Blythe, Associate - Global Funding Group, Group Treasury, Westpac
- Megan Paybody, Manager - Economics, Regulation & Policy Group, Ernst & Young
- Panel discussion with audience
- Concluding remarks and close
Australian Business Economists (ABE) aims to encourage greater understanding of economic issues by fostering debate in the financial markets, business and commercial sectors and across the community in general. Website: abe.org.au
Parliamentary Education Office Professional Development Event - Teaching Civics and Citizenship: A Parliamentary Approach
The Parliamentary Education Office is presenting a 2 hour NESA and TQI accredited online workshop aligned to the Australian Curriculum titled "Teaching Civics and Citizenship: A Parliamentary Approach". It is suitable for primary and secondary school teachers.
Location: Online, via Zoom
Cost: Free
Upcoming dates:
Monday 27 July 2020 4pm - 6pm (AEST)
Tuesday 11 August 2020 4pm - 6pm (AEST)
Wednesday 16 September 2020 4pm - 6pm (AEST)
Thursday 15 October 2020 4pm - 6pm (AEST)
Friday 20 November 2020 4pm - 6pm (AEST)
More information and registration details:
>> https://peo.gov.au/teach-our-parliament/professional-learning/upcoming-programs/
In addition to these sessions, schools are able to request tailored programs at times which suit their staff professional learning schedule. Contact: PEOlearning@aph.gov.au
Recording of the Reserve Bank of Australia (RBA) Student Webinar -Monetary Policy and Current Economic Conditions (12 October 2020)
The recording of the Reserve Bank of Australia (RBA) student webinar, "Monetary Policy and Current Economic Conditions" (12 October 2020) is now available. Senior Economist, David Lancaster, provides an overview of monetary policy and current economic conditions as at 12 October 2020.
Click here for the recording:
Economics and Business Educators NSW is a member of the Reserve Bank of Australia Educators Advisory Panel:
https://www.rba.gov.au/education/about-the-program/educators-advisory-panel.html
Feedback about resources from the RBA is welcome.
Please email feedback to admin@ebe.nsw.edu.au
Recording of webinar - "The Reserve Bank's Policy Actions and Balance Sheet" with Guy Debelle, Deputy Governor of the Reserve Bank of Australia held on 30 June 2020
The recording of the webinar titled "The Reserve Bank's Policy Actions and Balance Sheet" with Guy Debelle, Deputy Governor of the Reserve Bank of Australia, held on 30 June 2020 ( to which Economics teachers and students were invited) is now available on the RBA website. The webinar can be found here:
>> https://rba.gov.au/speeches/2020/sp-dg-2020-06-30.html
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.
Nominations for the Professional Teachers' Council NSW Media Award close soon
The Professional Teachers’ Council NSW Media Award is presented to a person or persons working in the media industry for the positive portrayal of the work of teachers and schools and their recognition of the value to the community of teaching as a profession.
Nominations can be made by:
- a member association of the Professional Teachers’ Council NSW
- a school/ school community or parent organisation
- an individual
- self nomination
- media organisations
- other education organisations
The nomination form can be found here:
https://www.ptc.nsw.edu.au/2020-ptc-nsw-media-award/Closing date for nominations extended to Friday 23 October 2020.
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
Competition - 2020 Suncorp Financial Basics Foundation ESSI Money Challenge
The Suncorp Financial Basics Foundation ESSI Money Challenge game goes live at 9.00am (AEST) on Monday, 17 August 2020. Students can commence play at any time after this but must complete the game along with the end-of-game quiz and survey questions and submit their score by 5.00pm (AEST) on Friday, 28 August 2020.
Students compete in one of two age brackets: 12-15 or 16-18. The three highest scores in each age category win a prize!
The top 10 scores from each age category are displayed on the Suncorp ESSI Money Challenge News and Letterhead page throughout the competition.
First prize is $1500 cash deposit into a personal Suncorp Bank Kids Savings Account and a bonus cash deposit of $1500 for the winning student’s school.
Second prize is $1000 cash deposit into a personal Suncorp Bank Kids Savings Account and third prize is $500 cash deposit into a personal Suncorp Bank Kids Savings Account.
Plus , every student that submits a valid entry goes into the draw for one of 16 X $250 EFTPOS Gift Vouchers.
Competition - ASX Schools Sharemarket Game - Game 2, 2020
While you teach your students about investing and the sharemarket, they can put into practice what they are learning by playing the ASX Schools Sharemarket Game. Students receive a virtual $50,000 they can invest over a 10 week period, in 220 companies listed on the ASX. The prices students buy and sell at are the same prices as they would get in the live market so this is as close to real life share trading as you can get.
As a result of playing the Game your students will:
- Develop their knowledge of the sharemarket
- Learn how to research companies
- Discover the importance of wise investment decisions
- Gain a greater knowledge of economic and world events
- Begin to learn more about investing which is beneficial for their future
The Game can be part of a school subject or an extra-curricular activity offered to students. It is free to play and as a bonus students can win great cash prizes:
Syndicate major prize:
1st - $600
2nd - $500
3rd - $400
Syndicate state prize:
1st - $400
Students can:
- Choose from 200+ stocks
- Create their own watchlist
- View company charts and the latest prices
- Get the top 5 and bottom 5 stocks for the day
- Play as a team or individually
Registrations are now open. Game 2, 2020 begins on 27 August 2020.
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.
2019 EBE NSW Plan Your Own Enterprise Competition NSW Awards Ceremony – 19 September 2019
Economics and Business Educators NSW (EBE NSW) recognised the NSW Plan Your Own Enterprise (PYOE) winners at the annual NSW awards ceremony on 19 September 2019 at Chartered Accountants Australia and New Zealand – Level 9, 33 Erskine Street, Sydney, NSW. 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)
Student: Parivash Nadeem
School: Unity Grammar
Business Plan: The Fruit Circus
Teacher: Ms Khair
- Division 2 (Group entry)
Students: Ishwary Ramjeevan, Maddisen Strauss and Mariam Yassin
School: MLC School
Business Plan: ADN Tech
Teacher: Mr Wijanto
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.
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 2019 and for all his time and effort in ensuring the competition in NSW was a success.
| 2019 PYOE NSW Competition Finalists | |
Division One Student: Tae Woo Lyoo Student: Parvathi Sanjeev Student: Natali Pavlovic Student: Tom Irwin Student: Colina Zhang Student: Han Luc Student: Raquel Mezrani Student: Sereen Ali Student: Parivash Nadeem Student: Cerise Bootsma The prizes for the Division 1 NSW finalists were: 1st place - iPad Mini for the student and $200 Dymocks voucher for the school. |
Division Two Students: Ishwary Ramjeevan, Maddisen Strauss
and Mariam Yassin Students: Annabel Harvey, Samuel Johnston,
Jayden Kotevski and Zali Moore Students: Crystal Cheng and Shu-Han Lee Students: Hellen Wang and Ramona Zheng Students: Charlotte Drury, Hannah Foote,
Charlotte McCaffrey-Moors & Kate Rutledge 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 2020.
From left to right: Nicholas Ward (2019 PYOE NSW Coordinator), Parivash Nadeem (NSW Division 1 PYOE Competition Winner) and Joe Alvaro (EBE NSW President)
From left to right: Roset Khair (Teacher of NSW Division 1 PYOE Competition Winner) , Parivash Nadeem (NSW Division 1 PYOE Competition Winner) and Joe Alvaro (President - Economics and Business Educators NSW) at the 2019 NSW PYOE Awards Ceremony
2019 NSW PYOE Competition Finalists with 2019 PYOE NSW Coordinator Nicholas Ward (far left) and EBE NSW President Joe Alvaro (far right) at the 2019 EBE NSW PYOE NSW Awards Ceremony
2019 EBE NSW PYOE NSW Awards Ceremony
PYOE Competition finalists speaking about their business plan at the 2019 EBE NSW PYOE NSW Awards Ceremony
Networking at the 2019 EBE NSW PYOE NSW Awards Ceremony
Networking at the 2019 EBE NSW PYOE NSW Awards Ceremony
PYOE Competition finalists speaking about their business plan at the 2019 EBE NSW PYOE NSW Awards Ceremony
2019 PYOE NSW Coordinator Nicholas Ward (left) and EBE NSW President Joe Alvaro (right) at the 2019 EBE NSW PYOE NSW Awards Ceremony
2019 Business Educators Australasia (BEA)Plan Your Own Enterprise (PYOE) Competition National Division Winners
Congratulations to the following students who are the national winners of the 2019 Business Educators Australasia (BEA) Plan Your Own Enterprise (PYOE) Competition.
- Division 1 (Individual entry)
Student: Lily Fisher
School:St Michael’s Collegiate School, Tasmania
Business Plan: Freycinet Bike Hire
2019 BEA PYOE Competition National Division 1 Winner – Lily Fisher
- Division 2 (Group entry)
Students: Hugo Hemmings and Ethan Medwin
School: The Hutchins School, Tasmania
Business Plan: Burr Parking
2019 BEA PYOE Competition National Division 1 Winners - Ethan Medwin (left) Hugo Hemmings (right)
EBE NSW congratulates the 2019 PYOE national winners.
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
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.
