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The EBE Journal JOURNAL OF THE ECONOMICS AND BUSINESS EUCATORS NEW SOUTH WALES Commerce Business Studies Economics Legal Studies Resources Reviews 2008, No. 1 1 BY SUBSCRIPTION REGISTRATION NBY AUSTRALIAN POST PUBLICATION NUMBER NBP 1944 the ebe journal JOURNAL OF THE ECONOMICS AND BUSINESS EDUCATORS NEW SOUTH WALES 2008 Journal 1 please note Contents Presidents’ Report 4 Bronwyn Hession, Director, Senior Education Officer – Contributors are reminded Office of the Director, Catholic Schools Office, that papers submitted to the Diocese of Broken Bay & EBE President Editor should be supplied as EBE’s Financial Statements hard copy as well as on disk 6 or by email. ECONOMICS Hard copies must be laser State of the Economy 23 quality print‐outs, double Ross Gittins, Economics Editor, spaced and preferably on A4 Sydney Morning Herald paper. Please ensure that all Case Study – Globalisation 25 graphics (tables, diagrams, Impact of globalisation in Singapore illustrations, etc.) included Kerry Newman, Senior Economics Teacher in the paper are of suitable North Sydney Girls High School quality for reproduction. The business of teaching 30 Business Educators Australasia (BEA) Conference The disk copy should be 9 – 11 July 2008 provided, preferably in Word format, or saved as a BUSINESS STUDIES text file. If the file includes Interactive Whiteboards 32 graphics (tables, diagrams, Using the interactive whiteboard as a revision tool in Business illustrations, etc.) created in Studies another application, please Accreditation for professional competence 35 also supply disk copies of Kim Jackson, Principal, Killarney Heights High School the original graphics files. COMMERCE Integrating consumer and financial literacy across the curriculum from primary to year 10 39 LEGAL STUDIES Twelve tricky questions about government elections and voting 46 that could be asked in your classrooms Joe Alvaro, All Saints Catholic Senior College 2 PRESIDENT: Ms Bronwyn Hession VICE PRESIDENTS: Ms Lyn Kirkby Ms Kate Dally TREASURER: Mr John Nairn COMPANY SECRETARY: Ms Gae York DIRECTORS: Mr Joe Alvaro Ms Betsy Harvey Ms Bernadette Henry Mr Michael Peters Mr Gavin Russell Mr Andrew Skehan Ms Rhonda Thompson EDITOR: Ms Anne Layman DESKTOP PUBLISHING: Ms Gay-Louise Purchase PUBLISHED BY: Economics & Business Educators NSW ABN 29 002 677 750 ISSN 1488-3696 PO Box 67 Leichhardt NSW 2040 Phone: (02) 9564 5007 Fax: (02) 9564 5309 Mobile: 0411 118284 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) 99258100; http://www,rmitpublishing.com.au; email: [email protected]. The phone for APAIS information is (02) 626 1650; the phone for printed APAIS is (02) 626 1560, Information about APAIS is also available via the National Library web site at: http//www.nia.gov.a/apais/index.html. The ISSN assigned to 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 editor 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 magazine. 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 this Journal are not the recommendations of the Economics & Business Educators NSW. 3 report president’s report president’s report 007 has been both a year of significant The 2007 Lesson Study project, lead by Anne challenge and of significant progress for Layman was also a major exercise of 2007, 2 EBE NSW. The achievements of the year involving the commitment of a number of build upon the work of recent years and the dedicated teachers on a quest to investigate, leadership of the Board and in particular the reflect on and share their practice and their executive over those years. learning. A major report on the project and its findings has been provided to DEST and will be With both state and federal elections in 2007, the subject of ongoing work in 2008. education has been dominant in media deliberations throughout the year. Discussions Professional learning and professional practice have emphasised the call for greater national remain at the heart of the work of EBE. After the consistency in curriculum and assessment in submission of a detailed proposal and sample school education. As the year draws to a close an professional development materials, EBE NSW Australian Certificate of Education is still on the was accredited by the NSW Institute of Teachers agenda and Economics and Business education in 2007 as an endorsed provider of professional are represented in a draft blueprint for national development. This means that teachers seeking curriculum. Financial literacy and the accreditation through the Institute can include Commonwealth Treasury initiatives in school their attendance at EBE professional education have found their way into AGQTP development courses towards their required planning for 2008. These issues were Institute endorsed professional development represented in EBE’s annual conference in May requirements. This endorsement, through the 2007. umbrella PTC endorsement, will also facilitate effective collaboration between EBE and other The role of professional associations as key professional associations including the Legal stakeholders in the education debate has been Studies Association and the Geography Teachers strengthened in recent years. In NSW a Association. revitalised Professional Teachers’ Council and at the national level greater participation of Business The 2007 Professional Development program Educators Australasia in national deliberations sought again to meet needs and respond to the have been part of this change. EBE has interests of members. New scheme teachers contributed more significantly to state and were targeted again as were teachers involved in national discussions in 2007 than in previous teaching HSC courses in Business Studies, years and this important role and responsibility Economics and Legal Studies for the first time. will continue to grow in 2008. The Annual Conference was moved to May because of the NSW government election in The EBE website, www.ebe.nsw.edu.au which March. The program included a leadership stream was launched at our annual conference is a key for HSIE Coordinators and those aspiring to achievement for 2007. The website now is the leadership positions. There is continued interest key communication tool for teachers and further in this area. Financial Literacy was also targeted enhancements are planned for 2008. We are as a main theme and we are grateful for the indebted to Rhonda Thompson for her expertise generous sponsorship of Quicken for both the and commitment in this area. conference and our other activities. Whilst the conference was well attended generally, the attendance by teachers from regional areas was 4 less than hoped for. This has reduced EBE’s • Ongoing feedback from the EBE Board to ability to support regional networks of Economics Teaching Australia and NSW Institute of and Business Studies teachers through the Teachers initiatives regional conference program. The AGQTP funds Looking ahead, there are several emerging that EBE successfully tendered for again in 2007 priorities that will require EBE’s energy and gave teachers from these regions an opportunity commitment: to attend the annual conference at a reduced cost. 1. The development at national level of professional standards for teachers of A draft 2008 professional development plan can Economics and Business Studies be accessed from EBE’S website. A new initiative 2. The revision of the NSW Stage 6 Business Studies syllabus by the Board of Studies is responding to the needs of 7 – 10 Commerce 3. The release of a national professional teachers with a one day program that includes a development strategy for teachers of focus on using technology. Consumer and Financial Literacy 4. The accreditation of NSW teachers for Despite best efforts of many at the end of 2006, professional accomplishment and the administration of the EBE office has continued leadership. to frustrate the efforts of the Board during 2007. In addition we will strive to continue to strengthen This has impacted adversely on our capacity to the membership base of our association. deliver quality and timely service to our members. Individual membership grew by 45% in 2007. Our recruitment of a part-time office administrator Consolidating our partnerships and seeking new at the end of 2006 was short lived and the office sponsorship opportunities continue to be ongoing has limped along during 2007. Annette Davies challenges. has once again kept the ship afloat and for this we are very grateful. We also very much In conclusion I wish to acknowledge and express appreciate the work of Alan Hearle who has my sincere appreciation to the EBE Board, the supported Annette as the Board seek again to executive and Annette Davies for their continued recruit an administrator. A significant milestone in commitment to EBE NSW, their hard work over 2007 has been the MYOB project and a many hours and for their invaluable support both commitment to ensure that maximum efficiency is personally and professionally. 2007 is a year that gained from the system. Under the leadership of we can look back on with great satisfaction. 2008 our secretary Gae York, Directors undertook a is a year we look forward to, with new challenges major exercise in reorganising the EBE office and and opportunities.