EBE members are now able to access the electronic version of The EBE Journal online. Members must register to access the journal.
Economics and Business Educators of NSW

From the President

16  June 2014

Dear EBE NSW Members,

Welcome to the June 2014 edition of the EBE e-newsletter as teachers prepare student half yearly reports and look forward to the end of term 2 school holidays. 

2014 EBE NSW Annual Conference a huge success

The 2014 EBE NSW Annual Conference was held on 16 May 2014 at Club Burwood RSL. There were 165 educators from NSW and overseas in attendance engaging in professional learning and growth, networking with other colleagues,  hearing from publishers about the latest textbooks and study guides and collecting free resources to take back to their classroom. Congratulations to EBE NSW members Nikki Wallis (Jindabyne Central School) and Tania White (Ehsman)(Bega High School) for their successful applications for an EBE NSW 2014 Annual Conference Professional Development Grant which assisted them as they travelled  to Sydney to attend the conference. The EBE Board of Directors were pleased to assist the staff and students of these schools through this grant.

2014 EBE NSW Annual Conference
Conference delegates were also able to hear from other keynote speakers including:

  • Stephen Long, ABC Economics Editor on “Economics, Education and Today”
  • Amy McNaughton, Corporate Affairs Manager, Coca – Cola Amatil Australia on “Coca-Cola Amatil: Building a sustainable business”
  • Mr Simon Breakspear, Founder and CEO of LearnLabs on “Understanding and Programming Effectively for this Generation”
There were also a range of workshops for conference delegates to choose from covering Business Studies, Commerce, Economics and Legal Studies. Some of the presentations from the conference are available on the EBE NSW website for conference participants. Participants will need a special username and password which has been emailed to them.

2014 EBE NSW Annual Conference

EBE NSW thanks all presenters at this BOSTES registered conference and the staff at Club Burwood RSL for contributing to the success of the conference, as well as this year’s EBE NSW Annual Conference Convenor, EBE NSW Vice President, Stuart Jones. The support of our sponsor, CPA Australia, was much appreciated.
Some positive feedback was received from conference delegates this year, including:
- “Good session to highlight resources available – some I did not know were available.”
- “Very engaging and relevant.”
- “Very good. I will definitely use some of these strategies in class.”
- “Inspiring!”
- “Great examples that fit the syllabus.”
- “Very enjoyable/relevant day.”
EBE NSW thanks conference delegates for all their feedback which will be analysed by the EBE NSW Board and Staff and used to plan next year’s annual conference.

Upcoming EBE NSW professional development events

1. EBE NSW Field Trip for Teachers – South Coast Correctional Centre Guided Tour
- Wednesday 2nd July 2014 (first week of the end of term 2 school holidays), 9.30am -12.30pm
- 55 The Links Road Nowra Hill
This field trip has been designed for teachers of Legal Studies, Business Studies and/or Commerce. It will have particular relevance for the “Crime” topic in the Legal Studies syllabus and the “Law and Society” and “Law in Action” topics in the Commerce syllabus. As the Centre is a working gaol, offering a variety of employment and vocational training opportunities, the field trip will also be relevant for teachers of Business Studies. The course supplements Session 6 (“Management of offenders in the South Coast Correctional Centre”) at the EBE NSW Legal Update Conference held on 2 August 2013, although attendance at this session is not a pre-requisite requirement. Return to your classroom after this experiential professional development course with knowledge of an actual prison based on practical experience.

>> Click here for more information and registration details.
2. EBE NSW PD Event – Current Economic Events and Monetary Policy with Dr David Orsmond
- Wednesday 13 August 2014, 4.30pm – 6.15pm
- The Reserve Bank of Australia, 65 Martin Place Sydney
This information evening will be presented by Dr David Orsmond from The Reserve Bank of Australia. During this professional development event Economics teachers will be able to gain an update on current economic events and increase their understanding of monetary policy at the bank that conducts monetary policy, The Reserve Bank of Australia. Teachers will also be able to ask questions during the Q&A session.  This will be an excellent opportunity to gain valuable, up to date information to share with your HSC Economics students as they approach the 2014 BOSTES HSC Economics examination.

>> Click here for more information and registration details.

3. EBE NSW  PD Event - Teaching the HSC course (Year 12)
in Business Studies, Economics or Legal Studies for the first time?
- Monday 8 September 2014, 4:15pm – 7.30pm
- Department of Education & Communities NSW Building,  3B Smalls Road, Ryde
This course has been designed specifically for:
  • beginning teachers and experienced teachers who are teaching the Board of Studies, Teaching and Educational Standards NSW (BOSTES NSW)  HSC Course (Year 12) in Business Studies, Economics or Legal Studies for the first  time.
  • teachers who may have already taught one of these courses in the past but who need a refresher course.
  • teachers who intend to teach one of these courses in the near future.
Each subject session will look at:
  • effective teaching and learning strategies designed to motivate and engage students, based on the current BOSTES NSW syllabus.
  • assessment procedures and techniques, including the BOSTES NSW HSC external examination  and how the examination is marked.
  • useful teaching and learning resources.

This BOSTES registered course will be presented by experienced teachers who will share their own experiences during their challenging early years of teaching and how they coped.

>> Click here for more information and registration details.

2014 Business Educators Australasia (BEA) Biennial National Conference - 2 and 3 October 2014

Business Educators Australasia (BEA), of which EBE NSW is a member, will hold its Biennial Conference in Perth, Western Australia on 2 and 3 October 2014. This is an opportunity to connect with colleagues from all over Australia and New Zealand to discuss the teaching of our subjects and plan a trip to a wonderful part of Australia. The Conference will also provide the opportunity for participants to be up-dated on the Australian Curriculum. The full conference program and registration details will be available soon.


2014 CPA Plan Your Own Enterprise Competition

Entries to the 2014 CPA PYOE Competition are now open from individual students or groups of students. This competition has direct links to:
- Business Studies (Year 11 Preliminary) –Topic 3 – Business Planning
- Commerce - Option 11 - Running a Business
- Commerce - Option 2 - Promoting and Selling
Entries to the 2014 CPA PYOE Competition are due to EBE NSW from individual students or groups of students by 5.00pm, Wednesday, 3 September 2014. The EBE NSW PYOE awards ceremony will be held on Monday 20 October 2014 at 5pm at CPA Australia (Sydney office), Level 3, 111 Harrington Street Sydney.

>> Further details and entry form 

2014 Money Stuff Challenge Competition

Are you looking for a fun and engaging way to educate your years 8-10 Commerce students and give them and your school the chance to win some cash? Enter the 2014 Money Stuff Challenge. All entries must be received by midnight 3 August 2014. You can download the entry kit and teachers guide from the Money Stuff website at

Become a MoneySmart Week Ambassador

Share the story of how you became money smart and you could win $1,000 and selection as a MoneySmart Week Ambassador! MoneySmart is looking for 6 Australian adults who have overcome money hurdles to help inspire others to get on a ‘money smart’ track. They are also looking for a money smart secondary school-aged student (13-18) to become a MoneySmart Week Ambassador and encourage other teens to start thinking about money.

If selected as a MoneySmart Week Ambassador, you will have your story published on the MoneySmart Week website and in other media. If you are over 18, you will also receive $1,000 eftpos gift card, travel to, and accommodation in, Sydney and VIP passes to the MoneySmart Week Awards Presentation evening. If you are 18 or under, you will receive a $1,000 Commonwealth Bank of Australia account, travel to, and accommodation in, Sydney for you and a parent or guardian, and VIP passes to the MoneySmart Week Awards Presentation evening.

>> More information at MoneySmart Week Ambassadors – MoneySmart Week

MoneySmart Week Awards

EBE NSW received a letter (dated 18 March 2014) from Hugh Harley (Chairman, MoneySmart Week Awards Committee) informing us about the annual MoneySmart Week Awards. The MoneySmart Week Awards celebrate the outstanding achievements of organisations and individuals working to improve Australians’ financial literacy. In 2014, there are 5 categories for the MoneySmart Week Awards (Education, Industry, Community, Government and Individual). For more information including past awards recipients, visit the MoneySmart Week website at Award applications close on 30 June 2014.  MoneySmart Week will be held from 1 September – 7 September 2014.

2014 BOSTES HSC Examination Timetable

The BOSTES HSC examinations begin on 13 October 2014 and end on 5 November 2014. Examinations of interest to EBE NSW are listed below:
  • BOSTES HSC Business Studies Examination – Day 9: 23 October 2014 (A Board approved calculator needed)
  • BOSTES HSC Economics Examination – Day 10: 24 October 2014 (A Board approved calculator needed)
  • BOSTES HSC Legal Studies Examination – Day 13: 29 October 2014
>> Further information can be obtained from the BOSTES website.

HSC Student Lectures

1. The Western Sydney Careers Expo 2014 will be held from 19 June 2014 – 22 June at Sydney Showground, Sydney Olympic Park. Economics and Business Educators NSW will present the following student HSC lectures at this event:
  • “HSC Economics – Exam Preparation” – Saturday 21 June 2014 – 10.30am Presented by EBE NSW Director, Bronwyn Hession.
  • “HSC Business Studies – Exam Preparation” – Sunday 22 June 2014 – 12.45pm Presented by EBE NSW President, Joe Alvaro
Other seminars at this event will include:
  • HSC Business Studies – Exam Strategies for the New HSC Course
  • HSC Legal Studies – Exam preparation
  • Working in the Law
>> More details at
2. The Australian Catholic University will hold the following HSC enrichment days:
  • Economics – Tuesday 8 July 2014 (Strathfield campus)
  • Business Studies and Legal Studies – 10 July 2014 (North Sydney campus)
>> More details at › Study at ACU › Courses › Applying to ACU › Events

3. The Western Sydney Social Sciences Teachers Association (WeSSSTA) is holding the following HSC student lectures:
2014 Business HSC Student Lectures – Friday 20 June 2014, 9am – 2.30pm at Penrith High School.

>> More details available at
4. The University of Sydney Centre for Continuing Education is holding the following HSC preparation courses during the end of Term 2 school holidays:
  • HSC Business Studies Preparation Course (Part 3) – Monday 30 June 2014 – Friday 4 July 2014 – 1.30pm – 5.00pm
  • HSC Economics Preparation Course (Part 3) - Monday 7 July 2014 – Friday 11 July 2014 – 9am – 12.30pm
  • HSC Legal Studies Preparation Course (Part 3) -  Monday 7 July 2014 – Friday 11 July 2014 – 1.30pm – 5.00pm. This course will focus on the “Consumers” option for the first part of the week and the “Family” option for the second part of the week.
>> More details at
5. The Legal Studies Association (LSA) is holding the following HSC student lectures:
2014 Legal Studies HSC Student Lectures – Saturday 19 July 2014 at Westmead Education and Conference Centre Auditorium.Session 1 - 8:30am - 12:30pm (registration 8:00am) NOW FULL
Session 2 -  1:30 pm - 5:30 pm (registration 1:00 pm)

>> More details at

2014 EBE NSW Trial HSC Examinations

The order form for the 2013 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 prices apply to members of EBE NSW.

>> Order form

BOSTES Consistency of Teacher Judgement Workshops

This workshop is designed to develop the professional skills of teaching staff in the allocation of grades. The workshop will highlight:
  • the concept and issues underlying standards-based assessment and consistency of teacher judgement
  • the use of the Common Grade Scale, Course Performance Descriptors and the Preliminary Grade Scale
  • the role of formative and summative assessment
  • strategies to lead school-based professional learning.Completion of this course will be acknowledged with two hours of accreditation. The program addresses the following standards: 
Australian Professional Standards for Teachers: 3.5.3, 3.6.3, 5.1.3, 5.3.3, 5.5.3, 6.3.3, 6.4.3 and 7.4.3.
>> For further information, please go to the Professional Development page on the BOSTES website.

Report on attendance at BOSTES Consistency of Teacher Judgement Workshop

On Wednesday 28 May 2014 I attended one of the above  “BOSTES Consistency of Teacher Judgement Workshops” held at the BOSTES Sydney office, 117 Clarence Street Sydney. It was a most worthwhile professional development experience where, as educators, we stopped to reflect on and learn more about the standards-referenced framework, quality assessment tasks and consistency in awarding grades. It was also valuable  to share our own school experiences with BOSTES staff.
An interesting development is that students now receive a two page “Record of Achievement” from BOSTES at the end of Year 12 with page 1 stating their HSC courses (with examination mark, assessment mark, HSC mark and performance band for each course) and page 2 stating their Preliminary courses with a grade for each course. Click here to see a sample “Record of Achievement”.
This development will allow employers and other stakeholders to have easier access to Year 11 grades and better track the progress of a student over their final two years of schooling. Teachers would do well to remind their Year 11 students of this development and the importance of working hard in Year 11 as they complete the foundation courses for their HSC courses. The following sections on the BOSTES website have a wealth of information about the content that was covered at the workshop: 
  • “Record of School Achievement (RoSA)”
  • “Assessment Resource Centre (ARC)” 
I thank BOSTES for designing and presenting the above workshop for teachers in attendance.

>> Click here to see a sample “Record of Achievement”.

EOI: Work sample collection for Stage 5 and Stage 6 Preliminary grades

BOSTES is seeking expressions of interest from teachers across all subjects who would be interested in contributing assessment activities and work samples from work undertaken in 2013 or early in 2014. The work samples should relate to syllabus based assessment activities. Grades are awarded to students at the end of Stage 5 and Stage 6 Preliminary courses (except VET and Life Skills) and these work samples are a valuable reference for teachers when awarding grades. The work samples will be annotated, aligned to grades and published on BOSTES’ Assessment Resource Centre (ARC) for Stage 5, and the RoSA website for Stage 6 Preliminary. It is anticipated that teachers will have administered tasks related to their programs and collected work samples that represent a range of levels of achievement where possible. Teachers or staff groups are invited to contact Mr Kerry Sheehan to register their interest and to learn more about the project.
>> For more information, contact:
Kerry Sheehan
Senior Project Officer
(02) 9367 8144

BOSTES Job Vacancies - Would you like to participate in the examination development process for the 2015 HSC BOSTES Business Studies, Economics or Legal Studies examinations?

The Board of Studies, Teaching and Educational Standards NSW (BOSTES) invites applications from teachers and academics with appropriate experience and qualifications who wish to take part in the development of the 2015 HSC examinations. Setting or assessing HSC examinations is a rewarding and challenging experience that provides a positive contribution to professional development. It is an opportunity to further develop understanding of assessment techniques and to enhance skills in setting examinations. Examinations are developed by committees chaired by a Chief Examiner ( in 2015 Chief Examiner vacancies exist for Business Studies and Economics). Examination development will commence in Term 4 this year and continue until August 2015. A practising teacher assesses each examination as part of the development process. Assessing an examination usually takes one day, and will take place in Term 1/early Term 2, 2015. Chief examiners, committee members and assessors cannot teach the course(s) for which they are applying, or be closely related to someone sitting or teaching the subject in 2015. These positions may also be suitable for experienced retired teachers of Business Studies, Economics and Legal Studies.

>> More information at › Job Vacancies

New national education association - Australian Alliance of Associations in Education

The Australian Alliance of Associations in Education (AAAE) is an alliance of national professional teacher associations with the mission to represent member national professional teacher associations, so that their voice and the voice of the teachers and educators they represent are heard by the appropriate statutory authorities and governments for the improvement of Australian educational policy and practice. Our national subject association, Business Educators Australasia is a member of AAAE.

The alliance was ‘born’ on the 9 November 2013 when the members of the National Education Forum (NEF) met in Sydney and created this new entity. The AAAE was formed to represent the collective views of the major national professional teacher associations in Australia and developed out of the National Education Forum (NEF), which had been in operation and meeting regularly since 1992.  Over the 21 years of NEF operation significant advocacy was achieved by its members. However, in 2010 the NEF realised it was time to create a more formal and representational entity to advocate for national professional teacher associations in a developing and ever changing national educational landscape. Between 2010 and 2013, the NEF drafted a constitution and canvassed support from its member associations to form AAAE. The difference between the NEF and AAAE is that the NEF was only a forum for discussion, whereas the AAAE is a fully constituted body with the representational status to speak on behalf of its membership on matters of education importance. AAAE made a submission to the 2014 Federal Government Review of the Australian Curriculum (part of the Coalition’s Students First policy). The submission can be read on the AAAE website (go to “Position Statements”).

>> More details at

Commonwealth Class – Countdown to the Commonwealth Games

Commonwealth Class is an initiative for schools from the British Council, BBC and Commonwealth Secretariat, and is delivered in Australia by the Australian Federation of Societies for Studies in Society and Environment (AFSSSE). The British Council is developing a far-reaching partnership with the BBC, Commonwealth Secretariat and the Glasgow 2014 Commonwealth Games to create a global legacy programme for school pupils, teachers and broadcast audiences. Schools across the Commonwealth will take part in an interactive project to explore Commonwealth values, the contemporary Commonwealth and links between sport, health, inclusion and gender issues ("sport and development"), inspiring pupils and enriching their education through international dialogue, titled the "Commonwealth Class". Commonwealth Class will enable more than 100,000 schools across the Commonwealth to access themed learning resources, take part in online exchanges and forums, and work on collaborative projects in cross-Commonwealth teams. Australia, as host of the 2018 Games, has been identified as one of the priority countries within the Commonwealth, alongside 11 others.

>> Further information on Commonwealth Class can be found at and

AFSSSE has been awarded funding through the British Council to provide support to Australian schools to promote student awareness and understanding of the 2014 Commonwealth Games to be held 23 July–3 August 2014 in Glasgow, Scotland.

>> Details of events

CPA Australia TV Program - The Bottom Line

CPA Australia’s TV program, “The Bottom Line”, screens on Channel 9 on Saturdays at 4pm and past episodes are available on the website - The program brings together iconic leaders from all walks of life to share their deep insights on success, challenge and the opportunities for all of us. The interviews are conducted by the CEO of CPA Australia, Alex Malley – from troublemaker schoolboy to CEO, Alex is one of only two Australians to be included on The Accountant magazine’s list of the world’s top 50 most influential people in the profession. The interviews with people from the business world can be used to enhance students’ understanding of concepts and terms in syllabuses and enable teachers to relate the subject matter they are teaching to the real world.
The program brings real life business people into our classrooms. For example the most recent episode focused on Red Balloon Founder, Naomi Simson. She spoke about leaping from a secure corporate life to chase a dream that grew into a fifty-million dollar online retail business. Entrepreneur Naomi talks about growing her online retail business, Red Balloon, from her kitchen table, the importance of family, and why experience-giving has taken off. Show the whole interview in one lesson or break it up into parts over a number of lessons.

CPA Australia – The Naked CEO

Get your Economics and Business Studies students thinking about their future in the world of economics and business by using the resources at, brought to you by CPA Australia.

ABC Four Corners TV program – Brazil case study – “In the Shadow of the Stadiums” – Monday 16 June 2014, 8.30pm

The ABC will screen “Four Corners - In the Shadows of the Stadiums” on Monday 16 June 2014.  Brazil splurged billions to host the soccer World Cup, while many live a life of poverty and crime. What price the 'beautiful game'? For its part, the government hoped the massive sporting event would provide an economic boost and deliver a showcase for the economic and social miracle it claims to have created in modern Brazil. Citing a revolutionary welfare program called 'Bolsa Familia', the government claims millions of people have been lifted out of poverty and millions more moved into the middle class. But the critics point out a quarter of the population still lives in extreme poverty. They also emphasise that the new stadiums demanded by FIFA are situated in suburbs wracked by an epidemic of drug addiction and child prostitution.

“Four Corners” is repeated  on Tuesdays at 11.35 pm on ABC 1 and  on Saturdays at 8.00pm on News24. Past episodes are also available on the “Four Corners”  website.

Global Education Study Programs to Asia

Global Education Project NSW have developed the following two study tours:
  1. Nepal/India – 2014 June school holiday period.
  2. China – 2014 September/October school holiday period.
These study tours have been tailored for teachers with the Australian curriculum and BOSTES syllabuses in mind. To receive further information, including a comprehensive itinerary, about these study programs, email

Asia Education Foundation Study Programs to Asia

AEF develops and delivers programs designed for primary and secondary school teachers, school leaders and other education professionals, in partnership with education jurisdictions, teacher professional associations and education institutions across Australia. Study programs provide contemporary, cultural and historical perspectives of our Asian neighbours and include opportunities to:
  • build intercultural understanding of our nearest neighbours.
  • develop knowledge and understanding of the countries of Asia and Australia's engagement with Asia.
  • link in-country experience with learning areas of the Australian Curriculum
  • strengthen professional networks among colleagues to support Asia literacy in schools.
Below are the upcoming study programs:
1. China: In the Footsteps of Chairman Mao – 20 September to 5 October 2014
2. Bahasa Indonesia – 28 September to 5 October 2014
3. Korea Studies Workshop – 1 to 9 October 2014
4. Indonesia: A Diverse Culture – 4 to 14 January 2015
5. India: Hands on Science – 4 to 15 January 2015
6. China: Language and Culture Immersion – 5 to 17 January 2015
7. WA Angkor Study Programme – January 2015

AEF Study Programs may be tax deductible.

>> Further details and itineraries

20th European Economics Education Conference 27 – 29 August 2014 in France

The 20th European Economics Education Conference is an international meeting of teachers, teacher trainers, inspectors and researchers with a professional interest in all aspects of Economics, Social Sciences and Business Education in Europe and worldwide. It will be held in Aix-en-Provence (France). During the Association of European Economics Conference 2014 on economics education you will:
- hear some famous economists giving lectures on the economic crisis
- explore state of the art economics which addresses contemporary economic policy problems
- exchange research findings, ideas and concepts
- get international points of view
- find new ways of teaching economics
- build teacher relations and teams on a European basis
- build professional networks
- learn about and share classroom experiences, good practice examples, and reports    on projects.

And most important: learn new things, be astonished, and be changed. The conference may be tax deductible.

>> More information at

The University of Sydney Free Public Lectures

1. “Egypt 2011 – 2014: Opportunities and challenges after three years of uprising”
Date: Monday 23 June 2014
Time: 6pm – 7.30pm
Venue: The University of Sydney
Cost: Free with registration required
>> More information and to register:
In January 2011 Egyptian people took to the streets demanding the fall of a corrupt and authoritarian regime. A revolutionary movement including women and men from different generations, social backgrounds, and diverse political and religious affiliations joined forces to ask for freedom, dignity and social justice. More than three years on from this epochal moment, what are the main challenges that face the politicians, civil society, and the international community? Has the experience of the revolution changed the perception of the relationship between the people and political power in the Arab world? And lastly, what has been the impact of the revolution in the cultural and the intellectual sphere of the Arabic speaking world? 

H.A. Hellyer (Brookings Institute), Anthony Bubalo (Lowy Institute), and Lucia Sorbera (The University of Sydney) share their views, personal experiences and expertise on the present and future of the region. They speak with award-winning Middle East correspondent David Hardaker.

2. “ Can you create liveable cities without planning controls? Lessons from Denver, Colorado” - Peter Park, University of Colorado at Denver and Harvard Graduate School of Design
Date: Tuesday 24 June 2014
Time: 6pm – 7.30pm
Venue: The University of Sydney
Cost: Free with registration required
>> More information and to register:
Planning reform is a key part of making New South Wales number one. Strategic, integrated, and effective urban planning is a critical part of the NSW economy, society, and environment. As we seek to improve the integrity and performance of the planning system in NSW, it is worthwhile to consider lessons from our Trans-Pacific neighbour. 

The shift that Denver saw from rigid planning controls to visionary, inclusive and fluid planning guidelines successfully incorporates all stakeholder concerns to put the need for high-quality outputs first. Denver’s planning mentality is now focused on making Denver a city that is liveable for its people; and this framework guides planning citywide. Whether creating plans on a small or citywide scale, Denver’s goal is to achieve a balanced, multi-modal transportation system, land use that accommodates future growth, and open space throughout the city, without the need to conform to strict planning controls. Without planning documents that apply blanket rules and restrictions, Denver was free to create a cityscape that looks and feels great for its people to live, work and play and can offer many lessons for cities in New South Wales. 

Peter ParkPeter Park is an American urban design and planning expert who specialises in innovative solutions that balance development needs with unique context, site, and design quality concerns. His integrated approach to comprehensive planning, urban design, and development review has created clear visions for sustainable urban development, places of high quality design, and streamlined permitting systems. He has overseen preparation of numerous plans, comprehensive zoning code updates, and implementation of major infrastructure and development projects. 

Peter Park has previously served as the Manager of the Community Planning and Development Department for the City and County of Denver, City Planning Director in Milwaukee, WI, and teaches at University of Colorado at Denver and Harvard Graduate School of Design.

City of Sydney Council – City Talk: Economist Joseph Stiglitz - The Price of Inequality

Date: Tuesday 8 July 2014
Time: 6.30pm – 8pm
Venue: Sydney Town Hall
Cost: Free with registration required
More information and to register:

Hear Nobel Prize-winning economist Joseph E. Stiglitz and a panel of experts discuss the price of inequality and what happens to communities when the issue is ignored. 
  • Can we improve social wellbeing and address relative inequality while creating productive economies and liveable places with good public transport, social infrastructure and services?
  • How do we create well-connected communities that improve our physical and mental health?
The City of Sydney is developing a Social Sustainability Strategy Discussion Paper to consider the social issues that shape our communities – and ways we can all share the responsibilities and rewards of creating a better, fairer society.

MC: Adam Spencer
Welcome: Lord Mayor Clover Moore, City of Sydney 
Keynote Speaker: Professor Joseph E. Stiglitz, Nobel Prize-winning economist and Author, The Price of Inequality
In Conversation: Professor Joseph E. Stiglitz with MC Adam Spencer
Discussion Panel: Dr Tim Soutphommasane, Race Discrimination Commissioner 
Richard Denniss, Executive Director, The Australia Institute 
Dr Cassandra Goldie, Chief Executive Officer, ACOSS 
Professor Megan Davis, Member, UN Permanent Forum on Indigenous Peoples

Economics and Business News Bites

1. Westpac Economic Update: 13 June 2014
Westpac Economist Elliot Clarke comments on this week's NAB Business Survey, the Westpac Melbourne Institute Consumer Sentiment Survey results on housing growth, unemployment expectations and following that, the Labour Force Survey. Plus, looking ahead to next week's ACCI Survey of industrial trends and the FOMC meeting in the US.
>> Watch the video here.

2. NSW Budget 2014-15
The New South Wales Treasurer, Andrew Constance,  will hand down the State Budget in NSW Parliament on Tuesday, 17 June 2014. The full set of 2014-15 Budget Papers will be available at from 12:30pm AEST on 17 June 2014.

3. Infographic: Federal Budget at a glance
This website provides a visual representation of this year’s Federal Budget.
4. Singapore Airlines forms an alliance with Air New Zealand
Singapore Airlines has formed an alliance with Air New Zealand. This alliance will enable Air New Zealand to be more effective in the Asia-Pacific region and result in Singapore Airlines flying its A380 superjumbos on a daily basis between Singapore and Auckland. The alliance will allow Air New Zealand passengers access to code-share travel on Singapore Airlines flights to destinations in south-east Asia, Europe and Africa. Air New Zealand also formed a strategic alliance with Cathay Pacific in 2013.
* Reference: “Singapore and Air NZ forge new alliance” by Matt O’Sullivan”,in The Sydney Morning Herald,  17 January 2014
* Syllabus link: BOSTES NSW Preliminary Business Studies Syllabus (2010) – Topic 2 – Business Management (Nature of management – Achieving business goals)
5. Are newsagencies in the post-maturity stage of the business life cycle?
Sydney Cove Newsagency in the Rocks in Sydney closed down on 27 May 2014 due to rent related issues. A spokesperson from the Sydney Harbour Foreshore Authority commented that according to industry research, “newsagencies, as a retail category, are in significant decline”.
* Reference: “Historic newsagency in the Rock set to close” by Xiaoraan Shi in Sydney City News, 5 June 2014.
* Syllabus link: BOSTES  NSW Preliminary Business Studies Syllabus (2010) – Topic 1 – Nature of business (Business growth and decline)
6. Fairfax’s Chullora plant closes
The presses at Fairfax’s Chullora plant closed on 6 June 2014. The 50, 000 square metre printing plant was completed in 1995 at a cost of $340 million. The plant was world class. At peak capacity, in 2006, Chullora was printing 92 separate production runs a week. The press will be sold off as scrap metal. The bulk of Fairfax’s NSW newspapers will now be printed at the company’s North Richmond plant. EBE NSW was fortunate to be able to organise an industry visit to the Fairfax Printers Plant at Chullora last year on 27 September 2013, enabling a group of Business Studies and Commerce teachers to experience a guided tour of the plant. See a report on this industry visit in “The EBE Journal” (Issue 2, 2013).
* References: - “Stop press: Chullora plant closes after 19 years” by Tim Elliot in The Sydney Morning Herald, 7 – 8 June 2014
- “EBE NSW Industry Visit to Fairfax Printers Plant at Chullora, NSW on 27 September 2013”, “The EBE Journal – Journal of the Economics and Business Educators NSW” Issue 2, 2013
* Syllabus link: BOSTES NSW Preliminary Business Studies (2010) Syllabus – Topic 1 – Nature of business (Business growth and decline)

Legal News Bites

1. New provocation laws
A new law which will make it harder for people to use “provocation” as an excuse for murder passed the NSW Parliament on 14 May 2014. ”We have reformed an old law that was seen as biased against women and blaming the victim for their own murder by ‘causing’ the offender to lose their self-control. Now a person accused of murder can no longer use their partner’s wish to end the relationship or a belief they have been unfaithful as an excuse in court. The new partial defence of provocation cannot be used by someone who kills a person merely because they made a non-violent sexual advance towards them. However, we have ensured that “extreme provocation” remains available as a defence in some cases, including those of women murdering their partners after being subjected to prolonged domestic violence or abuse,” Attorney General Brad Hazzard said.

Extreme provocation can still be used as a partial defence where the conduct of the deceased:
- amounts to a serious indictable offence and
- caused the accused to lose self-control and
- could have caused an ordinary person to lose self-control to the extent of intending to kill or inflict grievous bodily harm.

* References: - “Provocation excuse wears thin” , Media Release by Brad Hazzard MP, Attorney General and Minister for Justice, 14 May 2014
* Syllabus link: BOSTES NSW HSC Legal Studies (2009) – Topic 1 – Crime (Defences to criminal charges)
2. New Victim Impact Statement laws
Reforms allowing family members of homicide victims to have their Victim Impact Statements considered in sentencing have passed the NSW Parliament. “We want to give families of victims of homicide a greater voice in sentencing and that is what we are delivering through these legislative reforms. Victim Impact Statements allow victims to tell the offender, and the court about the impact of the crime on their lives. These statements can be immensely empowering and help parents, partners or siblings get closure. Such statements by victims of crime can already be considered in cases like sexual or physical assault, but until now statements from surviving family members could not be taken into account by a judge in sentencing for matters involving unlawful death in NSW.Our reforms allow family members to make a statement that could form part of the judge’s consideration. Unlike Labor, we don’t believe in forcing family members to have their statement considered, we understand that some families might feel anxious about how well they express themselves or be worried about potential cross-examination by the offender’s legal representative. No family member will be pressured or forced to give a Victim Impact Statement under our reforms, “Attorney General Brad Hazzard said.
* References: - “Families given a greater voice in sentencing” , Media Release by Brad Hazzard MP, Attorney General and Minister for Justice, 15 May 2014
* Syllabus link: BOSTES NSW HSC  Legal  Studies (2009) – Topic 1 – Crime (The role of the victim in sentencing)
3. New ADVO laws
Senior police are now able to issue provisional Apprehended Domestic Violence Orders (ADVOs) to provide immediate protection for victims, Attorney General Brad Hazzard and Police and Emergency Services Minister Stuart Ayres announced today. “Provisional ADVOs are issued in situations where a person urgently needs protection from domestic violence. Police officers of the rank of sergeant or above can now issue the provisional orders and in most cases will no longer have to go through the process of applying to a court registrar or authorised justice. Most ADVOs are sought outside of business hours but victims can be assured that the process of obtaining emergency protection will be swift – regardless of what time the domestic incident occurs,” Mr Hazzard said. The changes to the Crimes (Domestic and Personal Violence) Act 2007 also enable police officers to detain or remove a defendant from the scene to secure the victim’s safety. “Officers will be able to direct the defendant to accompany them to the police station while the provisional ADVO is being sought and served and can arrest any defendant who refuses to comply with directions. This will reduce the risk of defendants fleeing before the order is served and will enable victims to safely remain in their home – rather than having to seek emergency shelter,” Mr Ayres said.

* References: - “New ADVO Laws Give Victims Swift Protection”, Media Release by Brad Hazzard MP Attorney General and Minister for Justice and Stuart Ayres MP Minister for Police and Emergency Services, Attorney General and Minister for Justice, 20 May 2014
* Syllabus link: BOSTES NSW HSC Legal Studies (2009) – Topic 1 – Crime (Police powers) and Option 3 Family ( Dealing with domestic violence)

Latest issue of "The EBE Journal"

The EBE JournalThe latest issue of "The EBE Journal" (Issue 2 - 2013) is now available on the members section of the EBE NSW website. Articles include:

  • Growth, Happiness and the Environment – Professor John Lodewijks, University of Western Sydney
  • Does demand for cigarettes create supply, or does supply create demand? And what should we do about it? – Professor Suzan Burton, University of Western Sydney
  • 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
  • Krugman on the GFC and Austerity – Professor John Lodewijks, University of Western Sydney
  • Are we moving towards a cashless society – or simply less cash? – Steve Worthington, Associate at Australian Centre for Financial Studies
  • Will your next phone be Fair Trade? – Robbie Fordyce and Luke van Ryn, The University of Melbourne.
There are two interviews with two of the teachers who won a 2013 Commonwealth Bank Foundation Teaching Award. Rowan Peterson from Norfolk Island Central School features in the "International School Teacher Profile". Teaching and learning activities include:
  • Commerce Group Assessment Task for “Global Links” – Joe Alvaro, Marist College North Shore
  • Business Management Decision-making Exercise – Louie Traikovski, Minaret College, Springvale Campus, Victoria
  • Human Resources Business Studies Activity – Kate Dally, Birrong Girls High School
There is also a report on the ASX Schools Sharemarket Game 2, 2013 as well as a profile on Crown Prosecutor, Mark Tedeschi, and much more.

Past issues of "The EBE Journal"

Some past issues of "The EBE Journal" are available on the members section of EBE NSW website and contain some useful teaching and learning resources. For example in “The EBE Journal” (Issue 1, 2009) there is a Commerce assessment task by Gavin Russell based on the following scenario:
“You have been appointed as the new Marketing Manager for the joint venture between Sydney Water and the Environmental Protection Authority (EPA). Your job is to help convince the people of NSW to stop purchasing bottled water in disposable bottles that are bad for our environment and to purchase the new reusable bottles to be produced and marketed by the joint venture.”

Do you want to get published? Do you want to help other teachers and students? - Articles needed for the next issue of “The EBE Journal”

You are invited to submit an article for publication in the next edition of “The EBE Journal” (please email us at Contributing to the journal is one way to demonstrate professional competence, accomplishment or leadership for the purposes of accreditation with BOSTES. It is also an effective way to engage in professional dialogue and sharing with other teachers.

Advertising in “The EBE Journal”

Enquires about advertising in “The EBE Journal” can be sent to

EBE NSW Helpdesk

As always EBE NSW Directors are available for advice and assistance to members in relation to the teaching and learning of Business Studies, Commerce, Economics and Legal Studies. Email

All good wishes for a restful break and I look forward to seeing the teachers attending the South Coast Correctional Centre guided tour professional development event during the holidays.


Joe Alvaro
President — Economics and Business Educators NSW

Looking back

1 June 1910 - The NSW Aborigines Protection Act is enacted, setting out procedures re the taking of children considered to be neglected so they can be brought up in orphanages.
1 June 1952 - Education reformer, John Dewey, dies. He promoted the idea of learning by doing. He believed that the curriculum should be based on students’ interests and should involve them in active experiences.
8 June 1983 - The world’s first test-tube triplets, Aaron and sisters Chenara and Jessica Guare, are born in Adelaide.
20 June 1899 - The Yes vote wins in a NSW referendum for federation, reversing an 1888 No verdict.
20 June 1988 - The $2 coin goes into circulation, replacing the $2 note. Some people complain that the copper-alloy coin is too small.
21 June 1879 - Frank Winfield Woolworth opened his second Woolworth store in Lancaster, Pennsylvania, leading to what would become the largest department store chain in the world. His first store, which opened the previous year in Utica, New York, failed (keep going and don’t quit!).

Quick statistic from the Australian Bureau of Statistics 2011 Census

For the 2011 Census in Australia, there were 548,368 Aboriginal and Torres Strait Islander people. Of these, 270,331 (or 49.3%) were male and 278,037 (or 50.7%) were female. The median age was 21 years.

Attitude to money

"You don't need every investor to believe that you can succeed. You only need one."
-  Ben Horowitz


"On a number of occasions I have remarked that we do not give our judges and politicians due credit for their contributions across the decades. Peace, prosperity and good public order are not automatic entitlements."
- Cardinal George Pell


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