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2013 – Issue 2 2013 – Issue 2 Journal of the Economics and Business Educators New South Wales Economics and Business Educators NSW Board of Directors PRESIDENT: Mr Joe Alvaro, Marist College North Shore VICE PRESIDENTS: Ms Kate Dally, Birrong Girls High School Mr Stuart Jones, Inaburra School TREASURER: Ms Bronwyn Hession, Board of Studies NSW and Business Educators Australasia Inc. (President) COMPANY SECRETARY: Ms Pauline Sheppard, Australian Islamic College DIRECTORS: Mr Andrew Athavle, William Carey Christian School Ms Cheryl Brennan, Illawarra Christian School Professor John Lodewijks, University of Western Sydney Ms Rhonda Thompson, Catholic Education Office – Southern Region EDITORS: Ms Kate Dally, Birrong Girls High School Professor John Lodewijks, University of Western Sydney DESKTOP PUBLISHING: Ms Jill Sillar, Professional Teachers’ Council NSW PUBLISHED BY: Economics & Business Educators NSW ABN 29 002 677 750 ISSN 1488-3696 3B Smalls Road, Ryde NSW 2112 Telephone: (02) 9886 7786 Fax: (02) 9886 7673 Email: [email protected] Website: www.ebe.nsw.edu.au “THE EBE JOURNAL” / “ECONOMICS” is indexed APAIS: Australian Public Affairs Information Service produced by the National Library of Australia in both online and CD-ROM format. Access to APAIS is now available via database subscription from: RMIT Publishing / INFORMIT – PO Box 12058 A’Beckett Street, Melbourne 8006; Tel. (03) 9925 8100; http://www.rmitpublishing.com.au; email: [email protected]. The phone for APAIS information is (02) 625 1650; the phone for printed APAIS is (02) 625 1560. Information about APAIS is also available via the National Library website at: http//www.nla.gov.au/apais/index.html The ISSN assigned to The EBE Journal is 1834-1780. The views expressed in these articles are not necessarily those of the editor or the association. All articles published are done so in good faith and without prejudice. All contributions are received in good faith by the editors as original contributions of authors, and to the knowledge of the editor there has been no breach of copyright by the publication of any articles, diagrams or figures in the Journal. If due to the failure of an author to correctly inform that his/her work is not an original work and there is a breach of copyright, the editors, having no prior knowledge, cannot accept responsibility. Any books recommended by any authors of articles and internet sites in the Journal are not the recommendation of the Economics & Business Educators NSW. The Journal JOURNAL OF THE ECONOMICS AND BUSINESS EDUCATORS NEW SOUTH WALES 2013 – Issue 2 Contents A call for articles President’s Report – Joe Alvaro, Marist College North Shore 5 There is always a need for articles EBE NSW News 8 for “The EBE Journal”. Educators (teachers in schools, Economics and Business News Bites – academics in universities etc.) Compiled by Joe Alvaro, Marist College North Shore 19 are welcome to submit articles, including teaching and learning Legal News Bites – activities and assessment tasks. Compiled by Joe Alvaro, Marist College North Shore 23 Contributing to the journal is one way to demonstrate professional International School Teacher Profile – competence, accomplishment Rowan Peterson, Norfolk Island Central School 26 or leadership for the purposes of accreditation with the NSW Institute of Teachers. Growth, Happiness and the Environment – Professor John Lodewijks, University of Western Sydney 29 It is also an effective way to engage in professional dialogue and sharing with other teachers. Media Release: Commonwealth Bank Foundation celebrates outstanding teachers 33 All sources are acknowledged and copies of published articles can be attached to your C.V. Q&A with 2013 Commonwealth Bank Foundation Teaching Award winner, Nadine Saul 34 All articles and/or enquires should be directed to: Q&A with 2013 Commonwealth Bank Foundation The Editors Teaching Award winner, Rebecca Rounsley 36 Economics and Business Educators NSW Business Management Decision-making Exercise – 3B Smalls Road RYDE NSW 2112 Louie Traikovski, Minaret College, Telephone: 02 9886 7786 Springvale Campus, Victoria 37 Fax: 02 9886 7673 Email: E [email protected] Does demand for cigarettes create supply, or does supply Articles may be emailed with text create demand? And what should we do about it? – double spaced and proof read. Professor Suzan Burton, University of Western Sydney 38 Please ensure that all tables, diagrams and figures included Commerce Group Assessment Task for “Global Links” – with your paper are of a suitable Joe Alvaro, Marist College North Shore 42 quality for reproduction. Human Resources Business Studies Activity – Kate Dally, Birrong Girls High School 48 The EBE Journal – Journal of the Economics and Business Educators NSW 2013 – Issue 2 3 Hots Shots Cold Cases (Profile on Mark Tedeschi – Crown Prosecuter, photographer and author) – Caroline Baum 49 The Australian government’s Direct Action policy for meeting carbon emission reduction targets – Dr Neil Perry, Research Lecturer in Corporate Social Responsibility and Sustainability, School of Business, University of Western Sydney 51 ASX Schools Sharemarket Game 2, 2013 winners: girls take top spots – Amanda Mior, ASX Schools Sharemarket Game Coordinator 57 Krugman on the GFC and Austerity – Professor John Lodewijks, University of Western Sydney 58 CPA Australia Plan Your Own Enterprise Competition 2012 National Division 1 Winner – Trip to Shanghai – Matthew Bennett, The Canberra College, ACT. 61 Are we moving towards a cashless society – or simply less cash? – Steve Worthington, Associate at Australian Centre for Financial Studies 66 Will your next phone be Fair Trade? – Robbie Fordyce and Luke van Ryn, The University of Melbourne 69 President’s Report to the 2013 Economics and Business Educators NSW Annual General Meeting (21 October 2013) 71 Economics and Business Educators NSW Financial Statements for the year ended 30 June 2013 80 EBE NSW Professional Development Event – “Teaching the Preliminary course (Year 11) in Business Studies, Economics or Legal Studies for the first time?” – 24 February 2014 99 4 The EBE Journal – Journal of the Economics and Business Educators NSW 2013 – Issue 2 President’s Report by Joe Alvaro, Marist College North Shore Welcome to the second and final edition of “The EBE Journal” for 2013. I hope the content provides you with useful professional reading and contributes to your professional development. 2013 EBE NSW Annual General Annette Davies and Alan Hearle, for all their Meeting work in enabling the association to have adequate financial resources to carry out The EBE NSW AGM was held on 21 its vision and goals for the current financial October 2013. The Board of Directors year. The Board meets twice every school for 2013/2014 are listed at the front of term . Please email EBE NSW if you have any the journal. We welcomed a new Board questions or suggestions that you would member at the Board of Directors like the Board to consider at these meetings. Ordinary Meeting on 2 December 2013, with Cheryl Brennan’s nomination to EBE NSW Professional become a Director accepted unanimously Development Events by the Board. Cheryl teaches at Illawarra Christian School and was the recipient of In this edition of “The EBE Journal” we have the Premier’s Macquarie Capital Economics reports on the following successful NSW and Business Studies Teacher Scholarship Institute of Teachers endorsed PD events in 2012 (for more information visit her we have held this year: website at www.hscbusinessresources. • “Legal Update Conference” on 2 August com.au/coffeecasestudies). We currently 2013 have a diverse Board with educators from • “Teaching Year 12 HSC Business Studies, government, Catholic, Christian and Muslim Commerce and Legal Studies for the schools, as well as the Board of Studies first time in Term 4, 2013/2014?” on 19 NSW and the tertiary sector. One of our August 2013. directors, Bronwyn Hession, is also President • “ EBE NSW Industry Visit for Teachers of Business Educators Australasia Inc., our – Fairfax Printers Plant Tour” on 27 umbrella national subject association. I September 2013. also sit on the Board of the Professional Teachers’ Council NSW. This diversity and We are currently preparing our 2014 events these connections will enable the Board to calendar and this will be communicated better serve the interests of all members to members very soon. Our first PD event as we move forward. In this edition of “The for next year will focus on our foundation EBE Journal” you will be able to read the preliminary senior courses – “Teaching the “President’s Report to the 2013 EBE NSW Preliminary course ( Year 11) in Business AGM” and the “Financial Statements for the Studies, Economics or Legal Studies for the Year Ended 30th June 2013”. The association first time?” . It will be held on 24 February remains in a healthy financial position 2013. For more information see the course and I thank the Board and staff members, flyer in this edition of “The EBE Journal”. The EBE Journal – Journal of the Economics and Business Educators NSW 2013 – Issue 2 5 President’s report National Conference 2014 in Perth 2013 Commonwealth Bank The Business Educators Australasia ( of which Foundation Teaching Awards EBE NSW is a member) will hold its Biennial EBE NSW congratulates all the winners of Conference in Perth, Western Australia next the 2013 Commonwealth Bank Foundation year on 2 and 3 October 2014. This is an Teaching Awards and their efforts in opportunity to connect with colleagues from developing the financial literacy skills of all over Australia and New Zealand to discuss their students. We have interviewed two of the teaching of our subjects and plan a trip the NSW winners in this edition of “The EBE to a wonderful part of Australia. Journal”. 2013 CPA Plan Your Own Australian Curriculum, Enterprise Competition Assessment and Reporting EBE NSW congratulates all the NSW and Authority (ACARA) Australian national winners of the 2013 CPA PYOE Curriculum: Years 5 –10 Competition.
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