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Economics and Business Educators of NSW

From the President

10  April 2013

Professional Development Event Report - HSC Business Studies Human Resources  (Topic 4) Information Evening held on 13 March 2013

 
The above NSW Institute of Teachers’ endorsed EBE NSW PD event (held in association with The University of Sydney Business School)  was an outstanding success. Held at The University of Sydney, participants were able to hear  Dr. Will Harvey  speak on “Attracting, retaining and developing talent” and “Ethics, Reputation and CSR”. Participants increased and updated their knowledge of the Board of Studies NSW HSC Human Resources topic, as the event examined contemporary business issues, using actual business case studies. Participants were able to ask questions and had opportunities to network with other participants. Teachers can learn a lot from academics who are experts with regards to the subject matter we teach and who share the findings of their research and practice through events such as this one. Some positive feedback about this event was received from participants:
“Will was a great speaker, case studies very useful.”
“A great presentation. Case study examples are highly relevant and should engage students in high order thinking skills.”
“Extremely useful and interesting. Informative and engaging material. Very well presented.”
“Great presenter. Nice having an expert in a particular area lecture – well presented,  passionate about his research.”
"A greater insight in the HR topic with great case studies.”
“Presenter was well prepared. Able to answer direct questions and had enthusiasm for the topic he delivered.”
“Excellent presentation with concrete examples and case studies.”
“ Exceptional presenter (Will Harvey); very interesting topic. He presented numerous and current case studies which I can use in lesson plans.”
“Case studies were an excellent direct link to the syllabus.”
“The case study material was unique and interesting. This could be used to better engage students, especially in relation to corporate social responsibility. Will was an interested and passionate presenter who willingly shared his knowledge.”
 
A PDF version of Dr Harvey’s presentation is available on the “EBE Members” section of the EBE website. EBE NSW will hold another HSC Business Studies topic  information evening this year on 4th June 2013 from 5pm – 7.30pm at The University of Sydney. The topic focus will be HSC Business Studies Topic 1, “Operations”. Registration details will be available soon.
 

Next EBE NSW PD Event – Annual Conference 17 May 2013

This is the peak annual event for EBE NSW. This event for teachers of Business Studies, Economics, Commerce and Legal Studies will include keynote presentations on the Australian Curriculum in Economics and Business and the implications for curriculum in NSW schools, the impacts of globalisation in the Australian context, Labour and Industrial Relations and ROSA preliminary grades. There are also a number of workshops to choose from covering Business Studies, Commerce, Economics and Legal Studies. The conference will provide participants with professional growth in their own knowledge, understanding and skills with regards to syllabus subject matter, and in the teaching and learning of our courses. The full conference program and registration details are available here. Please note that early bird prices close on Wednesday 1st May 2013.
 
Are you a teacher from a regional area and a financial member of EBE NSW? EBE NSW is funding the full conference registration and a contribution to travel expenses for two teachers from regional NSW. Teachers who wish to apply are asked to email EBE a statement of 500 words or less outlining the expected benefits and learnings to be gained by attending the conference and networking with other teachers, and how those learnings would be shared with teachers from your school/region. Applications should be emailed to <admin@ebe.nsw.edu.au> no later than 7 May 2013. Applicants should include their name, school. address, email address, NSW Institute number (if applicable) and EBE membership number. All applicants should ensure that they have their principal's permission to attend the conference.

>> Download full program and venue map and registration form

Cheryl BrennanCheryl Brennan – Recipient of the 2012  NSW Premier’s Macquarie Capital Business Studies and Economics Teacher Scholarship

Business Studies teacher, Cheryl Brennan was awarded the 2012  NSW Premier’s Macquarie Capital Business Studies and Economics Teacher Scholarship. She   has recently returned from overseas where she was involved in developing case studies on the HSC Business Studies Operations topic. You can read her blog by going to http://www.hscbusinessresources.com.au/.  It would be great for fellow Business Studies teachers to post comments to encourage further reflection about the Business Studies course content and methods of teaching. Cheryl will present a workshop at the 2013 EBE NSW Annual Conference (see annual conference item above) titled “How Fair is Fair Trade? Focus on Business Studies Operations Topic and Coffee”.

2013 Premier's First State Super $15 000 Financial Literacy Scholarship

An exciting opportunity awaits you! 
  • FinanceAre you interested in investigating effective teaching strategies for strengthening students' knowledge, skills and capacities in relation to financial literacy? 
  • Would you be interested in travelling overseas to learn about practices in other countries- in schools, teacher training institutions, or financial institutions?
  • Do you teach in a school in NSW? Primary or secondary, non-government or government?
Then this opportunity awaits you! Through the generous support of First State Super and the Premier of NSW, the Hon Barry O'Farrell, applications are invited for the Premier's First State Super Financial Literacy Scholarship for 2013. One scholarship of $15,000 will be awarded to a teacher in a primary or secondary school or a TAFE NSW Institute. Applications close on Friday 3rd May 2013. Further details here.


2013 CPA Plan Your Own Enterprise Competition

Entries to the 2013 CPA PYOE Competition are now open from  individual students  or groups of students. This competition has direct links to:
  • Topic 3 - Business Studies - Prelim. - "Business Planning"
  • Option 11 - Commerce - Running a Business
  • Option 2 - Commerce - Promoting and Selling
The CPA Australia Plan Your Own Enterprise competition encourages secondary school students to apply their business education to a real-life scenario. Participants are asked to devise a creative enterprise idea and submit a 3000 word business plan, explaining how their great idea could become a profitable business. For teachers, the competition is a valuable tool to enhance the business education curriculum. For students, it helps to build valuable work and life skills including:
  • organisation and planning
  • innovation
  • decision-making
  • research and communication
  • prioritisation and collaboration
  • reflection and action
The competition is open to all full-time students enrolled in a registered secondary school in Australia or New Zealand. There are two divisions with fantastic prizes up for grabs.

Division one – solo student entries
Student winner
  • $2500 cheque courtesy of CPA Australia
  • Reckon Accounts Personal Plus courtesy of Reckon Limited
School of winning student
  • Reckon Accounts Personal Plus
  • complimentary school membership to Victorian Commercial Teachers Association
  • $250 books courtesy of Business Educators Australasia 
Division two – group entries of up to six students
Group winner
  • $1000 cheque courtesy of CPA Australia
School of winning students
  • complimentary registration and airfare to VCTA’s Comview Conference 2013 courtesy of VCTA 
Download the brochure and application form. The winning plan for 2012 and the judge’s comments are also available on this website. Please ensure all PYOE entries are with EBE NSW no later than 5pm 28 August 2013. The PYOE 2103 NSW Awards Ceremony will be held on 15 October 2013.
 

2013 ASB Economics and Business Studies Competition

The Australian School of Business at The University of New South Wales invites your students to participate in the 2013 ASB Economics Competition (9th May 2013) and the 2013 Business Studies Competition (16 May 2013).
>> Further details
 

Australian Curriculum for Economics and Business Update

The Australian Curriculum, Assessment and Reporting Authority (ACARA) has published the final Shape paper for the Australian curriculum in Economics and Business. The draft curriculum is now being developed by a team of writers, with Dr Alex Millmow as the lead writer or ‘coach’. ACARA has published details of the timeline for further development of the curriculum and the composition of the Advisory Group for the Writing Phase includes EBE NSW Directors Professor John Lodewijks and Rhonda Thompson. In addition, BEA Councillor Mandy Hudson from WA is also a member of the group. July 2013 will be a critical time for teachers as the consultation on the draft curriculum commences. 

EBE NSW invites members who wish to be part of an EBE group to lead the development of EBE’s response to the draft curriculum to send an email to admin@ebe.nsw.edu.au, providing your school contact details. Members who participated in the 2013 webinar on the draft Shape Paper will automatically be included in the group.

The Hon Peter Garrett MP, Minister for School Education, Early Childhood and Youth published a media release, “Shaping the Australian Economics and Business Curriculum”, on 8 January 2013. The ABC TV program “Behind The News” aired a story (“School Economics”) on 5 February 2013 about the news that Economics will be taught in primary schools. Hear the latest information about the Australian Curriculum in Economics and Business at the EBE NSW 2013 Annual Conference (see annual conference item above).

Australian Curriculum for Economics and Business in Bite Size Chunks

The Shape of the Australian Curriculum: Economics and Business paper states that the Economics and Business curriculum will be informed by four key ideas based on economics and business concepts (page 10):
 
a. Resource allocation and making choices
b. The business environment
c. Consumer and financial literacy
d. Work and work futures

NSW Government “Great Teaching, Inspired Learning”

The NSW Minister for Education, the Hon Adrian Piccoli MP, released the discussion paper “Great Teaching, Inspired Learning” in 2012. EBE NSW made a submission to the paper which is published in the latest edition of “The EBE Journal” as well as at www.schools.nsw.edu.au/greatteaching/. This year two follow up documents were released:
  • “Great Teaching, Inspired Learning – Analysis of responses to the discussion paper”
  • “Great Teaching, Inspired Learning – A blueprint for action”
>> Read these documents and keep up to date with these important developments in education policy.
 

Television Program – The Checkout – ABC 1, Thursdays at 8pm

This factual consumer affairs series is produced by CHOICE and is screening weekly on ABC 1.
>> More information 

Updated Publication on Consumer Law - Hot Topics 83: Consumer Law

The new national consumer legislation, the Australian Consumer Law (ACL), provides laws relating to product safety, unfair contract terms, national consumer guarantees, door-to-door sales, lay-by agreements and information standards for services as well as products. Hot Topics 83: Consumer Law looks at the complexity of creating this national legislation and what the changes mean.
 
This issue of Hot Topics was developed by the Legal Information Access Centre with contributions from agencies including the ACCC, NSW Fair Trading and ASIC. Additional commentary provided by Mr John McGrath, Associate Lecturer, School of Law, UWS. it is available for purchase ($22 inc. GST) - here is a link to the order form:
www.legalanswers.sl.nsw.gov.au/hot_topics/pdf/htorder.pdf
There is also a loan copy available in all NSW public libraries and nearly 300 schools subscribe to Hot Topics so you may  find it in your school's library. Teachers and students should be aware that a lot of the information in textbooks on consumer law is now outdated.

Overseas Field Study Trips - AEF-ACSA Study Programs: Malaysia, Indonesia and Thailand

In partnership with the Australian Curriculum Studies Association (ACSA), Asia Education Foundation (AEF) is offering three study programs to Asia following the 2013 ACSA Biennial Conference in September. The study program destinations are Malaysia (28 September 2013 – 6 October 2013) Indonesia 28 September 2013 – 6 October 2013)  and Thailand (28 September 2013 – 6 October 2013).

Participation in an AEF-ACSA Study Program provides the opportunity to build the necessary Asia relevant capabilities to implement the Australian Curriculum. Each of the Study Programs are aligned to the Australian Curriculum cross-curriculum priorities:
  • Aboriginal and Torres Strait Islander histories and cultures
  • Sustainability
  • Asia and Australia's engagement with Asia.
For more information visit www.asiaeducation.edu.au/ (AEF – ACSA Study Programs section)
 

The University of Sydney Sydney Ideas Free Public Lectures 

The following events are free but require registration at sydney.edu.au/sydney_ideas/. EBE members are encouraged to attend and submit a report based on the event for “The EBE Journal”.
 
1. Japan’s Dilemma Concerning the Rise of China - Dr Masahiro Kohara, Consul-General of Japan in Sydney
Monday 15th April 2013, 6pm – 7.30pm at The University of Sydney
Japan has been able to enjoy peace and prosperity under the order maintained by the overwhelming power of the US. This is also the case for many other Asian countries. Japan and the US alliance still play an important role as a stabiliser, not only for Japan’s security but also for East Asia’s stability. China should be also steadily encouraged to be a responsible power, showing peaceful development and international responsibility by its own deeds.

In order to do that, it is necessary for Japan to pursue both Japan-US alliance and Japan-China entente as essentialities, allowing the long lasting anguish of having to choose between the West and Asia to be overcome. This is the ultimate aim of a country such as Japan which lies between two superpowers, as it also is in the case for Australia.

It is also important to carry on the opening-up of Japan as a hub in the network of Asia and the Pacific. This will allow Japan to contribute to the building of a regional architecture on the basis of fundamental values such as democracy, freedom, respect of human rights and the rule of law.

Dr Masahiro Kohara has been the Consul-General of Japan in Sydney since October 2010. He has obtained a Bachelor of Arts from Tokyo University, a Master of Arts from University of California, Berkeley and a PhD from the Ritsumeikan University. He entered the Ministry of Foreign Affairs of Japan (MOFA) in 1980 and has served as a Japanese diplomat for more than 30 years in various positions including Consul in Hong Kong in 1993; Counsellor in Permanent Mission of Japan to the UN in 1996; Director of Regional Policy Division MOFA in 1999; Director of Grant Aid Division MOFA in 2001; Deputy Consul-General in Los Angeles in 2005 and Deputy Director-General, Asian and Oceanian Affairs Bureau MOFA in 2007. He has also taught in Kyusyu University, Ritsumeikan Asia Pacific University and Waseda University. Furthermore, he has published seven books on international relations and Asian-Pacific Affairs including two books, China Dilemma and A Country Between the Two Super Powers.
 
2. Trusting the Media - Co-presented with the Department of Media and Communications, School of Letters, Arts and Media and the Institute for Democracy and Human Rights 
Tuesday 16 April 2013, 6pm – 7.30pm at The University of Sydney
Trust in media has become a central issue for media workers and the public. But defining trust remains difficult as it overlaps with a range of other terms such as confidence, integrity, reliability, and credibility. For all of the discussion of trust there is a dearth of discussion of some core issues; namely that trust can not only be betrayed, withdrawn and lost, but built, earned and learned. Arguably, without some common understanding of the basic principles upon which integrity can be built, we cannot learn or earn trust let alone improve our situation.

What do we mean by trust in the media? At what stage of media production and consumption should we judge it? How do we measure it? And who is the judge?

In this Sydney ideas event, a panel of academics and media practitioners adopt a different approach by going back to basics and asking critical questions of the some of the core concepts that inspire and characterise the media. Their focus is on principles and the issues that arise when the media holds onto them, abandons them, or takes them for granted. Specifically, do notions of objectivity, transparency, accountability and the public interest still have force in this new media environment?

The panel will be chaired by Peter Fray, former publisher and editor-in-chief of The Sydney Morning Herald and Sun Herald, and now an adjunct professor in the Department of Media and Communications and the Institute for Democracy and Human Rights.

Panelists
  • On Objectivity, Associate Professor Steven Maras, Department of Media and Communications and author of Objectivity in Journalism (Polity Press, 2012)
  • On Transparency, Dr Fiona Martin, Senior Lecturer in Convergent and Online Media, Department of Media and Communications, ARC chief investigator ‘Mediating the Conversation.
  • On Accountability, Paul Chadwick, journalist and lawyer. First Director Editorial Policies of the ABC (2007-12) and now a director of Guardian Australia.
  • On the Public Interest, Amanda Wilson, Director, Amanda Wilson Communications and former Editor of The Sydney Morning Herald.
3. State Owned Enterprise Party – Business Relations in China - Professor Kjeld Erik Brødsgaard, Director of the Asia Research Centre, Copenhagen Business School
Tuesday 23 April 2013, 4pm – 6.30pm at The University of Sydney

Chinese business groups have grown into huge enterprises with significant economic and political clout. As a result of institutional reform, corporate restructuring, and listings in China and abroad, these business groups, especially within the energy sector, have become so big, profitable and well-connected that they are challenging the authority of the central government. Yet, increasingly, business leaders are appointed to government positions as ministers or provincial governors. What is the mechanism of this elite circulation and how does it impact the power relations between Party-state- business in China? Will increasing rotation between leading positions in the Party, government, and business strengthen the Party and government control of the corporate sector or will it strengthen big business’ influence on the decision-making processes and policy outcomes in the Chinese polity?

This lecture addresses these questions based on in-depth studies of the Chinese nomenklatura system and advances the notion of fragmented integration to characterize the evolving relationship between business groups and the Party-state. The seminar also argues that in order to abolish vested interests and interest politics, reform of the role, function, and organization of Chinese business groups is necessary.

Kjeld Erik Brødsgaard is Professor and Director of the Asia Research Centre, Copenhagen Business School. He has held visiting research appointments in China, Hong Kong, Singapore, Taiwan, and the US. He is an Honorary Research Fellow at the School of Government, Beijing University, and an Honorary Research Associate at the East Asian Institute, National University of Singapore. He is member of the editorial board of a number of scholarly journals and the founding Editor of The Copenhagen Journal of Asian Studies. His most recent books include Bringing the Party Back In: How China is Governed (2004) (with Zheng Yongnian), The Chinese Communist Party in Reform (2006, and 2009) (with Zheng Yongnian); Hainan – State, Society and Business in a Chinese Province (2009; paperback edition 2013); and Globalization and Public Sector Reform in China (forthcoming). He has published numerous scholarly articles in leading international journals including Asian Survey, China: An International Journal, Issues & Studies, Modern China and The China Quarterly.

His current research covers state, party and public management in China; the civil service system and administrative reform; the nomenklatura system and cadre management; and the structure and impact of Chinese business groups in China as well as on the global-level playing field.
 

Teaching and Learning Resource - Master of the Mall

Filled with quizzes, mini-games and missions, the Master of the Mall game is a fun and interactive way to learn more about your rights as a shopper or a worker. Order copies of the game on CD or the teaching resources by emailing your contact details to Marketing-Moneystuff@services.nsw.gov.au. For more details visit www.moneystuff.net.au 
 

Latest issue of The EBE Journal (2012 -Issue 2)

EBE JournalIf you have still not read the latest (2012 - Issue 2) or if you still have more articles to read, it is available on the EBE NSW website. Current EBE members must login to read the journal. Please register to obtain a username and password if you have not done so already. Some past issues of the journal are also available. Some of the outstanding articles in the latest issue include:
  • Interview with Ross Gittins: Sydney Morning Herald Economics Editor
  • Retuning Australia’s Economic Debate – John Conroy (This article looks at the declining number of students studying Economics at school).
  • Offshore Outsourcing – Oscar Hauptman, Nidthida Lin and John Lodewijks, Industry and Innovation Studies Research Group (CInIS), University of Western Sydney
  • Creating a Desire for Students to Engage with Financial Literacy –
  • Maike Sundmacher, School Of Business, University of Western Sydney.
  • Dialogic Concept Mapping for HSC Business Studies – Cameron Esslemont
  • Rule of Law Critical to Consumer Law – Nick Clark, Rule of Law Institute of Australia
  • 2012 CPA Australia – Plan Your Own Enterprise Competition National Winner – Division One
  • Business Studies and Legal Studies Textbook Reviews
The journal also contains an interview with Maree Gibson, a teacher at the Australian International School in Malaysia, who teaches the Board of Studies NSW Business Studies, Commerce and Legal Studies courses at the school.

 

Articles needed for the next issue of “The EBE Journal”

All members are invited to submit an article for publication in the next edition of  “The EBE Journal”  (please email us at admin@ebe.nsw.edu.au).  Contributing to the journal is one way to demonstrate professional competence, accomplishment or leadership for the purposes of accreditation with the NSW Institute of Teachers. It is also an effective way to engage in professional dialogue and sharing with other teachers.
 

2013 EBE NSW Membership Renewals

Thankyou to all members who have renewed their EBE NSW membership for 2013. There are a number of members who were financial in 2012 but have not yet renewed their membership for 2013. Please check your records to make sure you have renewed your membership for 2013 or alternatively contact EBE NSW.  Membership forms are available on the EBE NSW website. Also please note the payment options for the annual conference for non-members which include annual membership (see the annual conference item above).
 

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

Head Teachers /Coordinators are reminded to forward this e-newsletter to all teachers in their department who teach Business Studies, Commerce, Economics and Legal Studies.

All good wishes for the upcoming end of Term 1 holidays and I look forward to seeing you at the 2013 EBE NSW Annual Conference next term.

Regards,
Joe Alvaro
President — Economics and Business Educators NSW

Looking back

1 April  1778 -  The "$" symbol is created by Irish-born New Orleans businessman Oliver Pollock.
 
1 April 1976 – Telecom introduced International Subscriber Dialling, enabling
Australians to dial overseas numbers directly for the first time.
 
4 April 1841 – After 31 days in office, US president William Harrison dies from pneumonia, becoming the first president to die in office. He was 68 years when inaugurated, the oldest president to take office until Ronald Reagan in 1981.
 
4 April 1968 – Civil-rights leader Martin Luther King Jr., 39, is assassinated.
 
4 April 2007 – NSW Liberal Members of Parliament elect Barry O’Farrell, 47, unopposed as Opposition Leader.
 
7 April 1998 – Patrick Stevedore sacks its 1400 wharfies at 17 docks around Australia, using guards with dogs to drive them off the docks, and replaces them with non-union labour. The wharfies had been holding rolling strikes.
 
12 April 1853 - First U.S. truancy law - New York enacts a $50 fine for parents of children between the ages of 5 and 15 who miss school.
 
15 April  1955 -McDonald's Ray Kroc opens his first McDonald's. It was the ninth restaurant in the chain. He eventually bought out the McDonald brothers.              
 
17 April 2000 – The dotcom crash of high-technology stocks wipes $36 billion
off the value of Australia shares in one day.
 
19 April 1982 – The Supreme Court overrules NSW Youth and Community Services
minister, Kevin Stewart, to allow a 15 year old ward of the state to have an abortion.
 
19 April 1991 – The Australian Council of Trade Unions abandons centralised wage fixing in favour of direct negotiations with employers after a 2.5 per cent pay rise is handed down but rejected as too little.
 
23 April 1995 – Pay TV was launched in Australia by the Galaxy network, which had 5000 subscribers at the time.
 
28 April 1996 – Worst peace-time massacre by a single gunman on record occurs, when Martin Bryant shoots dead 35 people at Port Arthur, Tasmania.

Quick statistic from the Australian Bureau of Statistics 2011 Census
The median weekly personal income for people aged 15 years and over in Australia was $577.

Attitude to money
"It is not the creation of wealth that is wrong, but the love of money for its own sake."
Margaret Thatcher
Britain's first female Prime Minister who won three elections in a row and who also served as Secretary of State for Education, died on 8 April 2013 at the age of 87

Quote
Hold on; hold fast; hold out. Patience is genius."
Georges-Louis Leclerc
French naturalist, mathematician, cosmologist and author
Copyright © 2013 Economics and Business Educators NSW, All rights reserved.
 







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