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Economics and Business Educators of NSW

From the President

22  October 2014

Dear EBE NSW Members,

Welcome to the 2014 October EBE NSW e-newsletter.

EBE NSW wins 2014 ASIC MoneySmart Week Award

On 2 September 2014, EBE Director Bronwyn Hession and I attended the ASIC MoneySmart 2014 Awards Presentation Dinner to accept a Highly Commended Award for EBE NSW in the Education category on behalf of the EBE NSW Board of Directors, staff and members. The MoneySmart Week Awards recognise the outstanding achievements in financial literacy across five categories, including education. EBE NSW is proud of its work in the area of financial literacy and it was an honour to receive this award on behalf of the organisation.

The award citation and judges’ comments appear below:
Economics and Business Educators (EBE NSW) has been supporting secondary teachers of financial literacy and their students on an ongoing and sustained basis since its creation in 1968. EBE NSW specialises in providing classroom and syllabus focused professional development courses for teachers of financial literacy. Designed by practicing classroom teachers and academics, these courses encourage interaction between high quality stakeholders in financial literacy and teachers who are on the frontline, teaching financial literacy in classrooms. EBE NSW has designed, conducted and evaluated professional development events focusing on financial literacy over the years, including

  • 2014 EBE Annual Conference;
  • Revamping and Resourcing Commerce; and
  • The EBE Journal – Journal of the Economics and Business Educators NSW.
The EBE NSW has also been very active in advocating for the inclusion of financial literacy in the Australian Curriculum and engaging teachers with consultation processes. As financial literacy is given increased attention in the curriculum, EBE NSW will continue to design and implement effective professional development courses using the expertise and skills of its members and its connections with stakeholders in the financial literacy sector.

Judges Comment
The Judges highly commended Economics & Business Educators NSW for the great work they are doing, and the importance of their work in the community. They have been a key player for several decades and have made a major contribution to financial literacy. Economics & Business Educators NSW have played a vital role connecting the corporate and education sectors to reinvigorate secondary school subjects and hold a respected annual conference.

EBE NSW congratulates Wingham High School who was awarded the Outstanding Achievement Award in the education category and commends the excellent work the school is doing in the area of financial literacy. And congratulations to Enactus University of Western Australia who also won a Highly Commended Award in the education category.

>> For more information about the awards, visit Award Year 2014 – MoneySmart Week.


EBE NSW President, Joe Alvaro, receiving a 2014 ASIC MoneySmart Week Award for EBE NSW

EBE NSW President, Joe Alvaro (far right) , receiving a 2014 ASIC MoneySmart Week Award for EBE NSW

EBE NSW President, Joe Alvaro (right) and EBE NSW Director Bronwyn Hession (left) with the 2014 ASIC MoneySmart Week Award for EBE NSW

EBE NSW Director and President of Business Educators Australasia, Bronwyn Hession awarded Fellowship of the Australian College of Educators

Congratulations to EBE NSW Director and President of Business Educators Australasia, Bronwyn Hession,  who was awarded a Fellowship of the Australian College of Educators at the 2014 Australian College of Educators Annual Conference in Adelaide. This is a most prestigious award which recognises Bronwyn’s hard work and passion  in the area of education, including professional teacher associations. EBE NSW congratulates Bronwyn on this award. The award citation appears below:
 
Citation for the Award of a 2014 Fellowship Australian College of Educators – Bronwyn Hession
Bronwyn Hession is an outstanding educator, having contributed to education at the school level within the Catholic system, at the national and state level in each of her chosen subject areas, to the associated professional subject associations and to the state Curriculum, Assessment and Credentialing Authority.  Bronwyn has a passion for teaching and the learning of all students. Her quiet determination and integrity have positioned her as a highly respected and authentic educational leader who inspires others across the profession to ‘make a difference’.
 
Bronwyn's policy advice in diverse organisational contexts has been characterized by high level strategic and ‘learning centred’ thinking and has been highly valued by senior management. Her contribution to Registration and Accreditation processes for NSW non-government schools and for the registration of home school providers has been significant.
 
Her advice has encouraged significant initiatives in the professional learning of teachers in both her subject areas and for school management more generally.
 
Bronwyn’s contribution to the profession is driven by her absolute passion for professional teachers’ associations and she has made a significant contribution to meetings and conferences out of work hours, culminating in her leadership of the national and state associations for teachers of Economics and Business education. She is recognised for her work on the review of the NSW HSC with Professor Barry McGaw. In addition she has undertaken a range of significant research projects in areas including evaluation, school improvement, using performance data, professional standards and professional learning. She is a worthy recipient of the award of Fellowship of the Australian College of Educators. 



Bronwyn Hession (left) receiving her Fellowship of the Australian College of Educators Award from Professor Steve Dinham


Bronwyn Hession (right) with her Fellowship of the Australian College of Educators Award
In addition, at the 2014 Australian College of Educators NSW Wyndam Medal and Awards Dinner on 8 August 2014 at Homebush, Sydney, Bronwyn Hession  received an Outstanding Educator Award “for her outstanding contribution to the development of curriculum and professional learning programs across all sectors in the NSW education system.”


Outstanding Educators 2014 at the 2014 Australian College of Educators NSW Wyndam Medal and Awards Dinner held on 8 August 2014. Bronwyn Hession – third from right – with her Outstanding Educator Award.


Bronwyn Hession ( centre) being awarded her Outstanding Educator Award at the 2014 Australian College of Educators NSW Wyndam Medal and Awards Dinner held on 8 August 2014.

Review of the Australian Curriculum - Final Report released

The final report from the Review of the Australian Curriculum has been released, including information on the Australian Curriculum: Economics and Business and Australian Curriculum: Civics and Citizenship. The Review makes 30 key recommendations which will need to be examined by all Australian education ministers before any action is taken. The Review’s 1 600 submissions and the research papers from subject matter specialists are also being made public with the release of the Review’s Final report. Economics and Business Educators NSW made a submission to the review which is available on the EBE NSW website. The Australian Government has also released an initial response to the Review of the Australian Curriculum’s Final Report.

>> Click here for the final report and other information.

EBE NSW will be looking closely at this report. If you have any feedback about the report, please send it to admin@ebe.nsw.edu.au

2014 EBE NSW Annual General Meeting – Monday 1st December 2014

The 2014 EBE NSW AGM will be held on Monday 1st December at 6pm at Club Burwood RSL (96 Shaftesbury Road, Burwood NSW). All EBE NSW members are welcome and eligible to attend this meeting. It will be an opportunity to meet and network together and hear the annual reports of our association. Our guest speaker will be Ms Lyn Kirkby, Senior Policy Officer – Teacher Accreditation at NSW BOSTES – come along and hear the latest news with regards to the national teaching standards and how they impact on you as a teacher.  Refreshments will be provided. Another important part of the annual AGM is to elect the EBE Board of Directors as we begin a new year. I encourage members to nominate as a member of the EBE Board. Being a director of EBE NSW is an excellent way to contribute further to the teaching and learning of Business Studies, Commerce, Economics and Legal Studies in schools.  Please see the 2014 EBE NSW AGM information package which will be  posted out to all members very soon. For further information please contact admin@ebe.nsw.edu.au.

2015 EBE NSW Annual Conference – Friday 15 May 2015

Save this date – the 2015 EBE NSW Annual Conference will be held on Friday 15 May 2015. More information will be available shortly.

EBE NSW PD Event - “Current Economic Events and Monetary Policy with Dr David Orsmond”  – 13 August 2014

A group of Economics teachers attended the Reserve Bank of Australia ( Martin Place, Sydney) to  participate in the  EBE NSW PD event,  “Current Economic Events and Monetary Policy with Dr David Orsmond” on 13 August 2014.This event was held in association with the Reserve Bank of Australia. Dr Orsmond is Deputy Head of Economic Analysis Department at the RBA and heads the Bank’s Regional and Industry Analysis Section. Participants gained an update on current economic events and increased their understanding of monetary policy, at the bank that conducts monetary policy. There was also a Q and A session. The course was an excellent opportunity for Economics teachers to gain valuable up to date information to share with their 2014  HSC Economics students. Some feedback received from participants included: 
- “Really helpful update. Timely.”
- “Good knowlegable lecture. Good discussions in question answer sessions.”
- “Great length of time and topics covered. Good informal format and a very engaging, knowledgable speaker.”
- “Good knowledge of what is taught in the syllabus, and therefore areas of confusion/contention. Good-small but to the point number of graphs.”
- “An excellent presenter, delivered in a highly entertaining manner and at an appropriate level. Excellent engagement with audience.”
-  “Excellent presentation – Orsmond is such a fantastic speaker, always learn more from him.”
- “V. informative as sepecifically related to HSC syllabus.”
- “What a great presenter . I would love to get students to hear David speak who can do so in such a clear and comprehensible way.”
-  “Excellent.”
-  “Great event. Great to hear a person in his position’s thoughts on the economy.”
- “It was very beneficial + provided much knowledge + insight into current economic events.”
- “V. engaging presenter. V. useful for students and good coverage of M.P. and a range of other sectors (nicely surprising).”

 
EBE NSW thanks the staff of the RBA for working with us to organise this PD event, and in particular Dr David Orsmond.
 

EBE NSW PD Event - “Current Economic Events and Monetary Policy with Dr David Orsmond” held on 13 August 2014

EBE NSW PD Event - “Teaching Year 12 HSC Business Studies, Economics or Legal Studies for the first time?” held on 8 September 2014

The above NSW Board of Studies, Teaching and Educational Standards (NSW BOSTES) endorsed EBE NSW PD event was an outstanding success with Year 12 Business Studies, Economics and Legal Studies teachers coming together to hear from experienced subject experts and learn from each other. EBE NSW Director Andrew Athavle presented the Business Studies session, EBE NSW Vice – President Stuart Jones presented the Economics session and I presented the Legal Studies session. Participants were teachers beginning to teach the current NSW BOSTES  HSC Business Studies, Economics and Legal Studies courses. The event was also open to teachers who wanted a refresher course. Participants were able to hear about effective teaching and learning strategies designed to engage students, current developments in their subject area and assessment procedures and techniques. Teachers also received some teaching and learning resources to take back to their classroom. Some feedback received from participants included:
 - “Great speaker, very engaging and well organised.”
- “Great resources.”
- “Friendly and comfortable made asking questions easy. I feel much more confident about Business Studies in the future. Very well run with excellent take home resources.”
- “Giving examples of lesson plans and assessment tasks worked really well in providing me with great ideas and strategies.”
- “The resources were greatly appreciated.”
- “This was extremely helpful.”
- “Great explanation of how to structure assessments and practical ideas for group work, flipping the classroom and collaboration.”
- “Speakers – highly professional and engaging.”
- “I am an experienced educator – 39th year in the classroom. Session was a refresher. Thank you.”

 
EBE NSW thanks the following supporters of this event:
- Chartered Accountants
- Createl Publishing
- Rule of Law Institute of Australia
- User Friendly Resources
- Mr Noel Whittaker


EBE NSW PD Event - “Teaching Year 12 HSC Business Studies, Economics or Legal
Studies for the first time?” held on 8 September 2014

 

EBE NSW PD Event - “Teaching Year 12 HSC Business Studies, Economics or Legal
Studies for the first time?” held on 8 September 2014

 

EBE NSW PD Event - “Teaching Year 12 HSC Business Studies, Economics or Legal
Studies for the first time?” held on 8 September 2014

 

EBE NSW PD Event - “Teaching Year 12 HSC Business Studies, Economics or Legal
Studies for the first time?” held on 8 September 2014

EBE NSW Field Trip for Teachers – CHOICE Lab and Testing Facility Guided Tour – 24 September 2014

A group of Business Studies and Commerce teachers participated in a CHOICE Lab and Testing Facility Guided Tour on 24 September 2014 at CHOICE (57 Carrington Road Marrickville NSW). During this experiential professional development course, participants increased their understanding of how CHOICE (the public face of the Australian Consumers’ Association) protects consumers as a non-legal mechanism and how CHOICE tests hundreds of products each year. Mr George Perry (Director Commercial and Finance) spoke to participants about the work of CHOICE and answered questions. Participants were then able to tour the CHOICE labs under the guidance of Mr Chris Ruggles, Digital Team Leader. Labs visited included the CHOICE Kitchen Lab, CHOICE Computer Lab, CHOICE Sound Lab, CHOICE Toy Lab, CHOICE Refrigerator Lab, CHOICE Baby Products Lab, CHOICE Small Appliances Lab and the CHOICE Laundry Lab. Participants also took away some resources to assist them in the classroom.

Some feedback received from participants included:
- “An excellent activity – very informative – provides practical experience to assist with teaching about CHOICE.”
- “Interesting and insightful – made me reinvigorated in terms of consumer education.”
- “One of the most informative PD sessions I have done.”
- “Thank you for organising this and strengthening my experience and knowledge for consumers etc. in Commerce and Business Studies.”
- “Valuable exercise in order to better inform students and to actively encourage them to be better informed, actively engaged and pro CHOICE.”
- “An excellent and informative presentation.”

 
Participants will be able to improve student learning outcomes in relation to the consumer rights aspect of financial literacy as a result of attending this course. EBE NSW thanks the staff of CHOICE for working with us to organise this professional development event , and in particular George Perry and Chris Ruggles. If you have any suggestions for EBE NSW field trips in 2015, please email admin@ebe.nsw.edu.au


Participants at the EBE NSW Field Trip for Teachers – CHOICE Lab and Testing Facility Guided Tour held on 24 September 2014


EBE NSW Field Trip for Teachers – CHOICE Lab and Testing Facility Guided Tour held on 24 September 2014


EBE NSW Field Trip for Teachers – CHOICE Lab and Testing Facility Guided Tour held on 24 September 2014

2014 NSW BOSTES HSC Examinations

EBE NSW wishes students sitting for the NSW BOSTES examinations below all the best.
  • 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
EBE NSW welcomes feedback from members about the above examinations. Strengths? Anything that could be improved? Please email feedback to admin@ebe.nsw.edu.au
 

NSW BOSTES Official Media Guide for the 2014 HSC 

The NSW BOSTES Official Media Guide for the 2014 HSC reveals that Business Studies is the fourth most popular subject in NSW with 16 316 students, after English, Mathematics and Biology. Legal Studies has 10 322 students and Economics 5213  students. Read the full the full  NSW BOSTES Official Media Guide for 2014 on the NSW BOSTES website.
 
The Sydney Morning Herald reported in the article “PDHPE emerges as one of HSC students’ most popular subjects” ( 14 October 2014) that  Legal studies and PDHPE  are the fastest growing major courses in the HSC, as students increasingly choose to study subjects out of interest rather than picking courses that were once prerequisites for university entry. 

>> Read the full article here.
 

NSW BOSTES PD Courses

1. BOSTES New and Aspiring Executive Workshop
This workshop is targeting staff who have taken on leadership positions in the school and have responsibility for the management of curriculum: syllabus, programming, assessment and reporting, for example a Head teacher or KLA Coordinator role. It has been developed primarily for executive in administrative or curriculum roles; however, teachers aspiring to these roles may also find it helpful.

The workshop will highlight the policies and procedures required by the Board of Studies, Teaching and Educational Standards NSW. Completing this course will be acknowledged with three hours of accreditation. This program will address the following standards:
Australian Professional Standards for Teachers: 5.1.3, 5.4.3, 5.5.3, 6.2.3, 6.3.3, 7.4.3
There are various locations and times for this workshop. For more information visit the NSW BOSTES website (“Professional Development”).

2. BOSTES Information Workshop

This workshop focuses on BOSTES processes for the assessing and credentialling for students in Years 10, 11 and 12.

Topics will include:
  • Curriculum requirements for RoSA, Preliminary, HSC and ATAR
  • Grading and Assessment, including HSC Moderations
  • ‘N’ Determinations
  • Disability Provisions
  • Illness/Misadventure
  • Students with Special Education Needs
Completing this course will be acknowledged with six hours of accreditation. This program will address the following standards:
Australian Professional Standards for Teachers: 5.1.3, 5.4.3, 5.5.3, 6.2.3, 6.3.3, 7.4.3
There are various locations and times for this workshop. For more information visit the NSW BOSTES website (“Professional Development”).
 

Full day professional development workshop to enhance your indigenous engagement - Tuesday 18th November 2014

The “True Tracks: Indigenous Cultural and Intellectual Property for Business” workshop will be held on 18 November 2014 in Canberra.
  • Does your business engage Indigenous suppliers?
  • Have you employed Indigenous people or are you planning to?
  • Do your colleagues want to reproduce Indigenous art and cultural material or deal with Indigenous knowledge?
  • Are you ready to take your Indigenous engagement to the next level?
>> Click here for full details.
 

The University of Sydney Free Public Lectures

1. Are Teenagers (actually) Crazy? Raging Teenage Hormones – Fact or Fiction?
Presented by Professor Kate Steinbeck and Associate Professor Catherine Hawke
Date: Wednesday 29 October 2014
Time: 6pm – 7.30pm
Venue: The University of Sydney
Cost: Free with registration required
 
Adolescence can be a tempestuous time for young people, sometimes marked by antisocial or risky behaviour, experiences of anxiety and depression, and dramatic deterioration in family relationships. Adolescent health expert Professor Kate Steinbeck has been studying the connection between the hormones of puberty – testosterone for boys and oestradiol in girls – and adolescent behaviour, health and wellbeing. She shares her findings that have implications for families, for schools and teachers, health professionals, and the many others whose task it is to steer young people on the path which will best prepare them for adulthood. 

>> More information and to register: sydney.edu.au/sydney_ideas/

2. Matt Laffan Memorial Lecture on Social Justice - Disability as Human Diversity and the Implications for Justice
Presented by Rosemary Kayess, Faculty of Law, University of New South Wales
Date: Tuesday 28 October 2014
Time: 6pm – 7.30pm
Venue: The University of Sydney
Cost: Free with registration required
 
Central to the objectives of the United Nations Convention on the Rights of Persons with Disabilities (CRPD) is recognition of disability as an aspect of human diversity. Society has in many ways failed to approach disability and people with disability as just another aspect of the human condition. This failure has been the basis for many separate and segregationist policies that have resulted in entrenched disadvantage and social isolation. This lack of equality has effectively denied people with disability social justice. In this address human rights lawyer Rosemary Kayess will explore the impact this has had on people with disability and how mechanisms framed by human rights and CRPD can drive change. Two areas will be used to highlight the issues: education and the question of fitness to plead in criminal trials.
>> More information and to register: sydney.edu.au/sydney_ideas/
 

2014 ASX Schools Sharemarket Game

Reminder - 2014 Game 2 closes on 29 October 2014.

New book – “The Economics of Just About Everything” by Andrew Leigh

In “The Economics Of Just About Everything” by Andrew Leigh (Allen and Unwin, 2014) Andrew reminds us that Economics can explain almost everything.

>> Watch the video here which Andrew has recorded for Economics teachers.

Job Vacancies

1. Board Inspector, Human Society and Its Environment
You will be responsible for providing statewide leadership in curriculum development across learning areas and with particular responsibility for the Human Society and Its Environment (HSIE) learning area. Responsible also for providing advice on the registration and accreditation of non-government schools throughout the state and for home schooling.

Closing date: 2 November 2014
See NSW BOSTES website (“Job vacancies”) for more information.
 
2. Assessors for 2015 NSW BOSTES HSC Business Studies, Economics and Legal Studies examinations
As part of the examination development process, draft examinations are assessed by teachers who have recent experience teaching the course. The role of an assessor is to provide an independent assessment of the examination paper by evaluating and commenting on it as a subject expert and as an experienced teacher. The assessor works the draft examination paper and provides responses and advice to the examination committee about the appropriateness of examination questions. The 2015 HSC examinations are scheduled to be assessed between March and May 2015. If you anticipate taking extended periods of leave that would make you unavailable during this time, you should not apply.

Closing date: 21 November 2014
See NSW BOSTES website (“Job vacancies”) for more information.

Economics and Business News Bites

1. Westpac Economic Update: 17 October 2014
Westpac Economist Elliot Clarke comments on this week's declining trends in NAB's Business Survey for September, as well as the positive outcomes from the Westpac Melbourne Institute Consumer Sentiment index. While overseas he notes there's increasing volatility as we approach the end of the tapering program in the US. Next week sees the release of the all-important CPI data for the September quarter.

>> View the latest Westpac Economic Update
 
2. Telstra key highlights for FY14
The 2014 Telstra Annual Report reveals:
- $4.3 B net profit after tax (up from 14.6% from FY13)
- $217M social and community contributions
- 46% online customer transactions (up from 40% in FY13)
 * Reference: Telstra Notice of Annual General Meeting 2014
* Syllabus link: BOSTES Business Studies HSC Syllabus (2010) Topic 2 – Marketing

3. Annual battle of brands
Brand Finance Australia has released its latest list of leading brands in the nation. Brand Finance Australia determines a brand’s value in the royalties a company would theoretically have to pay to license the brand if they did not own it. Australia’s most valuable brand is Woolworths, with a value of more than $12 billion, whereas the other supermarket giant, Coles, slipped into fourth place with a value of $7.097 billion. Telstra is Australia’s second most valuable brand, with its value up 59% to $9.3 billion. In third place is BHP Billiton, with a value of $7.377 billion. Qantas remains Australia’s most valuable airline brand, however it has slipped further down the overall rankings, from 14th to 17th. ANZ is the most valuable bank brand in Australia at $6.6 billion. Its ‘Asian strategy’ is proving successful; ANZ sponsorship hit the jackpot this year with Li Na’s win at the Australian Open (as a result of which an estimated 70 million Chinese viewers were exposed to the ANZ brand). Billabong continues to struggle, falling further to 75th place in 2014 from 43rd. Richard Haigh, Director of Brand Finance Australia said “The decision to write off the brand on the company’s balance sheet seems to have been premature to say the least. Billabong continues to attract investors willing to attempt a revival. Though weakened, there is undoubtedly value remaining.
* References:  - “Qantas falls from 14th to 17th place in Brand Australia rankings” (2014).  Available from here (accessed on 19 October 2014).
-  “Qantas slips, Telstra climbs in annual battle of brands” by Jennifer Sexton and Paul Gilder in The Daily Telegraph (28 March 2014)
* Syllabus links: - BOSTES Business Studies Preliminary Syllabus (2010) Topic 1 – Nature of Business (Business growth and decline)
-  BOSTES Business Studies HSC Syllabus (2010) Topic 2 – Marketing

Legal News Bites

1. Bail Act reforms pass parliament
Changes to the Bail Act that will help safeguard the community and make it harder for serious offenders to get bail have been passed by NSW Parliament. See the media release, “Bail Act Reforms Pass Parliament” (2014) at www.justice.nsw.gov.au.

* Syllabus link: BOSTES NSW HSC Legal Studies (2009) – Topic 1 – Crime (Bail or remand)

2. NSW jails to go smoke free
NSW Attorney General and Minister for Justice Brad Hazzard – with support from Health Minister Jillian Skinner – has declared that NSW jails will become smoke-free in 12 months.
“NSW has substantially cleaned up its act on smoking and now it’s time for the same thing to happen inside the prison gates,” Mr Hazzard said. “From August 2015, smoking will be banned in NSW prisons. Inmates should have the same healthy lifestyle opportunities that those outside enjoy, and take that with them when they return to the community. “About 17% of the community smoke and the rate is declining. Yet 75%-80% of inmates continue to smoke,” Mr Hazzard said. See the media release, “No ifs or butts – NSW jails to go smoke free” (2014) at www.justice.nsw.gov.au.
* Syllabus link: BOSTES NSW HSC Legal Studies (2009) – Topic 1 – Crime (Post-sentencing considerations)

3. Judge awards teacher $1.27 million over “feral” classes
A Supreme Court judge has formally awarded a former teacher more than $1.27 million in damages after he developed chronic depression when forced to teach the worst behaved students. Peter Doulis, 48, sued for negligence, saying he had suffered a mental breakdown after he was allocated an unduly heavy workload of "feral" classes at Werribee Secondary College between 1998 and 2004.
* Reference: “Judge awards former Werribee teacher Peter Doulis $1.27 million over ‘feral’ classes” (16 September 2014) by Mark Russell here.
* Syllabus link: - BOSTES NSW Preliminary Legal Studies Syllabus (2009) Part 2: The individual and the law (Resolving disputes)
 

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 helpdesk@ebe.nsw.edu.au.

All the best to all our 2014 HSC Economics, Business Studies and Legal Studies HSC external examination markers.

Regards,
Joe Alvaro
President — Economics and Business Educators NSW

Looking back

1 October 1908 – The T-Model Ford goes on sale in the US for $850, produced by Henry Ford’s Ford Motor Company. Some people regard the T-Model Ford as the first affordable automobile.
2 October 2003  – Islamic militant Ali Ghufron, alias Mukhlas, is sentenced to death by an Indonesian court for leading the 2002 Bali nightclub bombing that killed 202 people, including 88 Australians. He was executed by firing squad in 2008.
7 October 1974 – Colour TV began in Australia.
8 October 1908 – Canberra is chosen as national capital by 39-33 in a ballot by the House of Representatives. Dalgety in NSW was the runner-up.
8 October 2004 – Australian Schapelle Corby is arrested at Bali airport and later convicted of drug smuggling. She is currently imprisoned on the Indonesian island of Bali.
9 October 1973 – $50 bank notes were introduced in Australia.
10 October 1924 – The Commonwealth Electoral Act is amended to make voting in federal elections compulsory, after low attendance rates at elections.
12 October 1923 – Vegemite was officially given its name following a national competition where the winner won 50 pounds. The brand is now owned by the American company Kraft Foods.
13 October 1933 – Sydney’s first traffic lights are installed at the corner of Market Street and York Street.
23 October 2001 – American entrepreneur and Apple CEO Steve Jobs launches the iPod in California. 
24 October 1889 – NSW Premier Henry Parkes calls for “one great national government for all Australia” in a speech at Tenterfield.
24 October 1980 – SBS television began in Melbourne and Sydney.
29 October 1982 – Lindy Chamberlain was wrongly sentenced to life imprisonment for the murder of her 9-week old baby Azaria.
* A 2013 interview with Lindy Chamberlain – Creighton where she talks about her 33 years search for justice is available on the CPA Australia Bottom Line TV program. Visit www.thebottomlinetv.com.au
31 October 1984 – Indira Gandhi  the four term Prime Minister of India, is assassinated by two of her Sikh bodyguards at the age 66 years old. She was the first, and to date, the only female PM of India.

Quick statistic from the Australian Bureau of Statistics 2011 Census

In Australia, of people aged 15 years and over, 49.2% of people were in a registered marriage and 9.5% were in a de facto marriage.

Attitude to money

 "An investment in knowledge pays the best interest."
- Benjamin Franklin

Quote

“A 'No' uttered from the deepest conviction is better than a 'Yes' merely uttered to please, or worse, to avoid trouble."
- Mahatma Gandhi, Indian civil rights leader and political activist

Copyright © 2014 Economics and Business Educators NSW, All rights reserved.
 







Our website address is:
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