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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  April 2014

Dear EBE NSW Members,

Economics and Business Educators NSW 2014 Annual Conference

The 2014 EBE NSW Conference will be held on Friday 16 May 2014 from 8.45am – 3.40pm at Club Burwood RSL (96 Shaftesbury Road Burwood). This is the highlight event in NSW for teachers of Economics, Business Studies and Commerce. The conference will also have relevant sessions for teachers of Legal Studies. The conference is registered with the Board of Studies, Teaching and Educational Standards (BOSTES). Act quickly to take advantage of the early bird conference rates.

>> Full conference program and registration form

2014 EBE NSW Annual Conference Professional Development Grants

Are you a teacher from a remote area of NSW and a financial member of EBE NSW? EBE NSW is funding the full 2014 EBE NSW Annual Conference  registration and a contribution to travel expenses for two teachers from a remote area of 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 2 May 2014. Applicants should include their name, school, address, email address, BOSTES number (if applicable) and EBE membership number. All applicants should ensure that they have their principal's permission to attend the conference.

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.


 

Commonwealth Bank Foundation 2014 BEA Conference Professional Development Grant applications now open

If you have been teaching Economics and/or Business subjects for 5 years or less, you are eligible to apply for a professional development grant to attend the BEA conference on 2 and 3 October 2014  in Perth, Western Australia.

>> Further details and application form 
 

Commerce teachers complete EBE NSW “Revamping and Resourcing Commerce” PD course

Commerce teachers came together on 17 March 2014 to complete the EBE NSW “Revamping and Resourcing Commerce” PD course. They gained fresh insights into the BOSTES Commerce syllabus and reflected on and improved their Commerce teaching strategies. The course provided participants with opportunities for collegial discussions and the sharing of ideas and resources. This BOSTES registered course was presented by EBE Vice – President Kate Dally, EBE Director Pauline Sheppard (also Company Secretary) and myself. The course was an outstanding success with some positive feedback provided by participants:
 
  • "Fantastic – wish this PD was available at the beginning of my teaching career.”
  • “Resources made available have saved a lot of time and lots of great teaching ideas. Lots to share with colleagues too,”
  • “Really good to see the different resources and strategies that are used.”
  • “After 10 years this has been a good refresher on how to teach the content.”
 
EBE NSW thanks the following supporters of this PD event:
  • Allen and Unwin
  • Createl Publishing
  • Institute of Chartered Accountants Australia
  • Macmillan Education Australia
  • Cengage Learning
  • ASX Limited
  • Jacaranda




"Revamping and Resourcing Commerce" PD course
 

2014 CPA Australia Plan Your Own Enterprise Competition (PYOE)

Information about this year’s competition will be available in Term 2 this year.
 

Submissions to the 2014 Federal Government Review of the Australian Curriculum call for compulsory consumer and financial literacy lessons from Kindergarten

On the 5 April 2014, The Daily Telegraph reported in an article titled, “Kindergarten craziness”  that the Australian Securities and Investments Commission, in a submission to the 2014 Federal Government’s Review of the Australian Curriculum, has called for  consumer and financial literacy to  be embedded  in the core curriculum from the first year of primary school. ASIC deputy chairman Peter Kell argued learning consumer and financial literacy from an early age could build knowledge, skills, values and financial behaviours that “would contribute to the growth and prosperity of the Australian economy.” ASIC also called for economics and business subject areas to be compulsory in Years 9 and 10. The article also reported that Business Educators Australasia in its submission called for stronger integration of the content of the National Consumer and Financial Literacy Framework into the curriculum.
 
* Reference: “Kindergarten craziness” by Patrick Lion in The Daily Telegraph, 5 April 2014

Commonwealth Bank Foundation Teaching Awards: Applications Open
The Commonwealth Bank Foundation is now accepting applications for the 2014 Teaching Awards, giving teachers the opportunity to be recognised and awarded $10,000 to fund an existing or new financial education initiative in their school. Each of the 15 winning teachers will also receive $2,000 as a personal reward for their hard work and dedication. Now in its third year, the Commonwealth Bank Foundation Teaching Awards fund educational and innovative financial learning programs. Past award recipients have created initiatives such as Farm Based Enterprises, where students ran a working farm, learning about the value of sustainability and budgeting, and the Posh Car Wash program which involved students undertaking market research and creating a business plan. These programs and many others around the country are instrumental in getting students involved and excited about financial education. Applications for the 2014 Teaching Awards are open until Friday 16 May 2014. Kindergarten to Year 12 teachers in Australian schools are eligible to apply. Winners will be announced on Friday 25 July 2014.

>> Complete an online application
 

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 www.moneysmartweek.org.au. MoneySmart Week will be held from 1 September – 7 September 2014.
 

First State Super NSW Premier’s First State Super Financial Literacy Scholarship

Applications are invited from teachers in Government, Catholic or Independent Schools and TAFE NSW Institutes across New South Wales for the 2014 First State NSW Premier’s First State Super Financial Literacy Scholarship.

>> Further information
 

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. The challenge opens on Monday 5 May 2014, and 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 http://www.moneystuff.net.au/.
 

Writing Competition – What Matters?

“What Matters?” is an annual writing competition run by the Whitlam Institute. Inspired by Gough Whitlam's commitment to involving young people in the shaping of Australia's future, the competition is open to NSW and ACT school students in years 5 to 12. Responding to the simple question “what matters?” entrants are free to express their views on any matter they care about. The competition receives thousands of entries covering a wide range of subjects, expressed in an array of writing styles. With fantastic cash and other prizes on offer and every entrant receiving a participation certificate, this is a great competition to encourage your students to enter. Entries close 6 May 2014. 

>> Further details here.

"For the children of Australia ... the answer is to involve the creative energies of our children and our youth in a creative, concerned community" - Gough Whitlam, 1972
 

BOSTES Merger Update

In the BOSTES Bulletin dated 7 April 2014, President of BOSTES Tom Alegounarias said that “from next term BOSTES will begin the next phase of its merger, including the launch of the updated teacher accreditation website, and changes to our publications and websites to reflect the new organisation”.
 

Professional Learning Opportunities - HSC written examinations marking

BOSTES has a number of professional learning opportunities related to HSC marking including activities to support teachers in rural and remote settings. Under the Rural and Remote Marker Program, limited places are available to teachers currently teaching Year 12 who wish to apply for HSC marking. Only those subjects marked externally onscreen are available. Further information is available from the BOSTES website (go to Markers Online or Schools Online).

For teachers who are unable to apply for HSC marking, BOSTES is running a series of HSC Marking Professional Learning workshops. The workshops will be offered in Sydney, Griffith, Dubbo, Ballina and Canberra on Saturdays in May, 2014, and provide an invaluable opportunity for secondary teachers to learn about, and engage with, HSC marking processes and the principles of standards-referenced assessment.

For further information, please go to the Professional Development page on the BOSTES website.

For more information, contact:
Brigit Workman
Examination Operations
brigit.workman@bos.nsw.edu.au
(02) 9367 8287
 

Higher School Certificate Examination Timetable: release information

The 2014 HSC exam timetable is scheduled for release in the first week of Term 2. Students and schools should note the timetable will only be available online in 2014. Once the timetable has been released, personalised exam timetables will be able to be accessed via Students Online and Schools Online. A PDF version of the timetable will also be made publicly available a week later, via the BOSTES website for printed copies if required.

For more information, contact:
Examination Operations
examsupport@bos.nsw.edu.au
(02) 9367 8223
Friday, 07 March 2014
 

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
kerry.sheehan@bos.nsw.edu.au
(02) 9367 8144
 

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 www.britishcouncil.org/commonwealthclass and www.bbc.co.uk/commonwealthclass

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
 

The HSC and Careers Expo 2014 

The HSC and Careers Expo 2014 will be held from 29 May 2014 – 1 June 2014 from 10am – 3pm at Royal Hall of Industries, Moore Park, Sydney. The following seminars related to Business Studies or Legal Studies will be available at the expo:
  • Thinking that counts – a career in business and accounting
  • HSC Business Studies – exam preparation
  • HSC Legal Studies – exam preparation
  • How you can make a difference – learn the law from lawyers
  • Working in the law
>> More details at http://www.hscandcareers.com.au
 

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 - www.thebottomlinetv.com.au/. 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. On the 19 April 2014 ( Channel 9, 4pm), Alex Malley speaks with  the passionate CEO of Myer Bernie Brooke on the intensity of migrating to Australia from England as a young child, living on very little sleep and how his amazing work ethic lead him to be able to rise through the ranks and become CEO of Australia’s biggest retailer.
 

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 www.thenakedceo.com, brought to you by CPA Australia.
 

NSW Cadetship Evening 2014

The Institute of Chartered Accountants Australia is hosting a 2014 NSW Cadetship Evening. Are your year 12 students interested in applying for a 2015 business cadetship? A business cadetship is where graduate high school students gain valuable paid work experience whilst completing their business or commerce degree at university. Both students and their parents are invited to attend the Institute’s Cadetship Evening 2014 to meet top firms and universities offering cadetships and co-op scholarships. This year, the event is being held on Thursday 22 May 2014 from 5pm – 8pm at an exciting new venue, Luna Park! Send your students to http://goo.gl/EpnG9O to learn more and to register for this FREE event.
 

Law Week - 12 – 18 May 2014

Law Week in NSW is a successful community based event that has been held in metropolitan, regional and rural areas across NSW for the past 30 years. In 2009, the success of Law Week in NSW provided a solid foundation for the expansion of Law Week to a national event, held in all states and territories across Australia. This year Law Week will be held between 12 – 18 May 2014.  For more information visit lawweek.com.au/home-page-2012‎.
 

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 jennifer.curtis@ptc.nsw.edu.au
 

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 amongst colleagues to support Asia literacy in schools.
Below are the upcoming study programs:
1. Cambodia: Past and Present Study Program - 29 June - 10 July 2014
2. Malaysia Unplugged Study Program - 29 June - 11 July 2014
3. Discover Indonesia Study Program, 6 July to 13 July 2014
4. In the Footsteps of Chairman Mao – Study Program, 20 September to 5 October 2014
5. Bahasa Indonesia Study Program, 28 September to 5 October 2014

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 www.economicseducation.eu.
 

The University of Sydney Free Public Lectures

1. “Opening Up To Our Pacific Neighbours” - Stewart Firth, Visiting Fellow at the State, Society and Governance in Melanesia Program of the Australian National University
When: Tuesday 22 April 2014
Time: 6pm – 7pm
Venue: The University of Sydney
Cost: Free with registration required
>> More information

Stewart FirthHas Australia forgotten its place in the Pacific? As Australian development assistance falls, Chinese development assistance is rising, and politically and economically the Pacific Islands are moving closer to East Asia. In this public lecture Firth will argue that the key to Australia’s future in the Pacific Islands should be openness. Rather than allowing a ‘Fortress Australia’ mentality to infect our Pacific policy, we should be integrating with our Pacific neighbours for mutual benefit in numerous spheres from sport to labour mobility. And as the Pacific Islands move towards free trade with Australia, we should seek a cross-flow of people and cultures and enhance the ability of Pacific Islanders to find employment here.

2. “Thailand in Australia”
When: Wednesday 23  April  2014
Time: 4.30pm - 6pm
Venue: The University of Sydney
Cost: Free with registration required
>> More information

In association with the 12th International Conference on Thai Studies which will be held at the University of Sydney 22-24 April 2014, Sydney Ideas is pleased to present a public forum on Thailand in Australia. The purpose of the forum is twofold. First, and largely for the Thai-based audience attending ICTS12, it is a chance to explore the growing presence of Thai people and society, culture, economy and cuisine beyond the country’s national borders. The Thai diaspora is at once highly visible yet quite dispersed and under-studied. Second, and largely for the Sydney-based audience, the forum is a chance to present a relatively little-recognised but rapidly growing part of Sydney and Australia’s multicultural mix. It is also a chance to dig into a few stereotypes and to reveal surprising aspects of Thailand’s demographic, economic and cultural presence in Australia.

3. “The Marketing Matrix: Why I’m Not Lovin’ It, Will Not Just Do It, And, Sure As Hell, Will Never Be Worth It” - Professor Gerard Hastings OBE, Professor of Social Marketing, University of Stirling and the Open University and L’École des Hautes Etudes en Santé Publique
When: Monday 28 April 2014
Time:  6pm – 7.30pm
Venue: The University of Sydney
Cost: Free with registration required
>> More information

Professor Gerard HastingsIn the hands of the corporate sector, marketing is turning us into spoilt, consumption-obsessed children who are simultaneously wrecking our bodies, psyches and planet. Our physical health is assailed by junk food, sugary drinks and cheap alcohol - with tobacco still garnering its grim toll. Our mental health is undermined by a system that lauds perpetual satisfaction, promotes crass material solutions to complex human problems, rewards wealth however selfishly amassed and encourages a corrosive because you're worth it's sense of entitlement. The result is a toxic combination of spiritual poverty and material inequality that is undermining us both individually and collectively. At a planetary level our species is now under perilous threat from a system that remorselessly converts a presumed necessity for business growth into compulsive consumption. While ecologists plead in vain for us to abandon our addiction to stuff, corporate marketers seduce us into making ever more shopping trips. It need not be like this. This pathological system depends on our collaboration; we can and must challenge it. The fight back has begun.
 

Economics and Business News Bites

1. Westpac Economic Update Video: Economist, Elliot Clarke (11 April 2014)
Westpac Economist Elliot Clarke comments on business confidence deterioration in March from insights in the NAB Business Survey; fairly flat result in April and housing market affordability from the Consumer Sentiment Survey; as well as housing financing data and whether it's a good time to buy.
 
>> Click here for the video update
 
2. Medibank Private to be listed on the Australian sharemarket
Australia’s largest health insurer, the government owned Medibank Private, will start trading on the Australian Sharemarket in 2015. Michael Heffernan, an economist, says it should be another rewarding privatisation like that of the Commonwealth Bank and Telstra. Medibank Private has about 30 per cent of the market. Its latest annual report shows it is finding new markets by focusing on international students who require health insurance as part of their visa conditions. Health insurers are also diversifying into travel insurance and pet insurance.
 
* Reference: “A health check for investors” by John Collett in The Sun-Herald, 6 April 2014
* Syllabus links: - BOSTES NSW Preliminary Economics Syllabus (2009) – Topic 6 – Government and the Economy
- BOSTES NSW Preliminary Business Studies Syllabus (2010) – Topic 1 – Nature of Business
 
3. Are CDs in the decline stage?
Most music in the USA is now sold online. Beyonce released her latest pop opus recently and it topped the US Billboard album charts. It was released only on iTunes, not one sale was a CD.
The same trend is happening in Australia, with the Australian Recording Industry Association expecting digital sales of music to exceed physical sales in 2013. However, Jonathan Notley, who performs as MC Bliss for the Australian hip hop group Bliss N Eso, says that physical records remain popular with their fans - “...physical (sales) are still important because of the artwork on our albums. A physical album is the complete package, you can hold it in your hands. You miss out on that with digital.”
 
* Reference: “Swan song; CDs losing battle against digital invasion” by Peter Vincent, in The Sydney Morning Herald – 20 December 2013
* Syllabus link: BOSTES NSW Preliminary Business Studies Syllabus (2010) – Topic 1 – Nature of business (Business growth and decline)
 
4. Shopping mall retail landlords analyse sales data
At any given time a shopping centre is being re-worked, redeveloped or pulled down and re-built based on the sales figures of each store inside the shopping mall. Shopping mall retail landlords are increasingly taking space away from the big department stores and making bigger food halls or more cinemas. According to data released on Westfield in 2013, mobile phone/devices, nail shops  and general pampering saw the general category rise in sales by 3.1%. Food was a clear winner, while department stores saw a decline in sales. All the major players in the sector, including Westfield, AMP Capital Shopping Centres, Stockland, GPT, Charter Hall Retail REIT, Mirvac and Federation Centres use sales data to get the right mix of shops so as to maximise customers in the shopping malls.

* Reference: “Fine-tuning at shopping malls” by Carolyn Cummins, in The Sydney Morning Herald – 16-17 November 2013
* Syllabus links: BOSTES NSW HSC Business Studies Syllabus (2010) – Topic 1 – Operations and Topic 3 – Finance
 
5. Speciality Fashion Group pursues growth by branching into menswear
Women’s fashion retailer Speciality Fashion Group, whose portfolio includes Katies and Millers, will branch out into menswear for the first time after it agreed to buy the Rivers shoe and apparel brand for $5 million cash.
* Reference: “Rivers bought for $5m” in The Sydney Morning Herald – 29 November 2013
* Syllabus link:  BOSTES NSW Preliminary Business Studies Syllabus (2010) – Topic 1 – Nature of business
 
6. Myer opens an internet sales distribution centre
Myer has opened its internet sales distribution centre. Although food retailers such as Woolworths and Coles have had internet sales distribution centres for many years, the trend has not been as prevalent in the apparel and dry goods sector. The centre in Victoria stocks 15 000 Myer products that are most frequently ordered online. Michael Fenton, the head of industrial, Jones Lang LaSalle Australia says that with the strong take-up of e-commerce in Australia, and as the sector matured, “specialised” or “purpose – built” real estate would become more common – “we’ll start to see an emergence of multiple logistics hubs closer to major population clusters, to meet delivery time expectations and changing consumer demand”, Mr Fenton says. Walmart, Carrefour in France and Macy’s in the US are all currently expanding their warehouse property portfolios. As online sales grow rapidly, the ability to deliver orders to customers quickly will become a competitive advantage.
 
* Reference: “Online drive from Myer” by Carolyn Cummins, in The Sydney Morning Herald, 16-17 November 2013   
* Syllabus links: - BOSTES HSC Business Studies Syllabus (2010) – Topic 1 – Operations and Topic 2 – Marketing
- BOSTES Commerce Syllabus (2003) – Option 3 – E-commerce
 
7. Technology stocks becoming popular on the stockmarket
Twitter’s first day of trading on the New York Stock Exchange in November 2013 saw shares opening at $US45.10. There was considerable excitement about the IPO because Twitter is a “unique product that no one can replicate”, head of equity research at Wedbush Securities Michael Pachter said. Twitter has 232 million users around the world. Twitter makes most of its money from advertising. However Twitter’s strong start has raised fears of a dotcom bubble, as concerns are raised that Twitter does not make a profit, despite its advertising revenue doubling in the September quarter in 2013 to $US168.8 million ( helped by a surge in mobile usage). Other online technology businesses listed on the stock exchange include Facebook, Linkedin and Zynga.
 
* References:  - “Twitter surges 75% on début” by Katherine Rushton, in The Sydney Morning Herald, 9-10 November 2013
-“Twitter début raises heat in sharemarket (AFP) , in The Sydney Morning Herald , 4 November 2013
* Syllabus links: - BOSTES HSC Business Studies Syllabus (2010) – Topic 3 - Finance
- BOSTES Commerce Syllabus (2003) – Option 11 – Running a Business
 
8. Sydney to turn into a ghost town this holiday period
Many businesses are encouraging staff to take time off to anticipate the  decrease in demand for their services over the 2014  Easter and Anzac Day holiday period which is also the NSW school holiday period. In addition there is an unusual alignment in the Gregorian and Roman calendars which means that half a million Orthodox Christians will be celebrating Easter at the same time as Protestants and Catholics this year. Historical trends show that the number of people calling work to report food poisoning in the days between the public holidays should rise by about a quarter, consulting firm DHS says.”The economic cost of lost production (in NSW) over the next few weeks will be billions,” says Stephen Smith, director of national industrial relations at Australian Industry Group. The estimated productivity cost to the economy is $800 million for every day NSW workers collectively take off.
 
* Reference: “Chance not to be missed: rare public holiday line-up” by James Robertson in The Sydney Morning Herald, 12-13 April 2014
 

Legal News Bites

1.  R  v CMB - Attorney General’s Appeal Succeeds
The Attorney General Greg Smith SC has been successful in an appeal in the case of R v CMB - an offender who received good behaviour bonds after being convicted of aggravated sexual assault and aggravated indecent assault against his daughter. This morning the offender, known only as CMB, was taken into custody after being re-sentenced to a maximum 5 and a half year sentence, with a non-parole period of three years. “I personally intervened in this case because I was very disturbed by the sentence which I thought was totally inadequate for a father who repeatedly abused his own daughter. His offences were abhorrent, he badly abused the trust that exists between parents and their children, and for this he will now go to jail where he belongs. This outcome goes some way towards delivering justice for the victim – though she will require a lot of support and counselling and will carry the scars of this with her forever. This government has set up a committee to further investigate what more can be done to bring sentences for child sexual assault into line with community expectations and protect children from sexual abuse. We have already abolished the Cedar Cottage program for sex offenders, under which the offender had originally been spared jail, because it did not meet community expectations", said the Attorney General.Greg Smith SC.

* Reference: - Media Release – “Attorney General’s Appeal Succeeds” by Greg Smith SC MP – Attorney General and Minister for Justice 19 March 2014
* Syllabus link: - BOSTES Legal Studies HSC Syllabus (2009) – Part I of the core - Crime

2. Federal Education Minister asks 2014 Federal Government Australian Curriculum Review Panel to consider the possibility of teaching the Daniel Morcombe Child Safety Curriculum nationally
The Daniel Morcombe Child Safety Curriculum is already taught in some Queensland schools. Now the Federal Education Minister Christopher Pyne has asked the Federal Government Australian Curriculum Review Panel to consider the possibility of teaching the Daniel Morcombe Child Safety Curriculum nationally. This follows a meeting between Minister Pyne and Denise Morcombe, who with her husband Bruce drove around Australia in 2013 to impress on education ministers why it should be taught in every school.
 
Reference: "Federal Education Minister Christopher Pyne requests review of Daniel Morcombe Child Safety Curriculum for use nationally" by Tanya Chilcott in The Sunday Mail (Qld.), 30 March 2014
* Syllabus links: - BOSTES Legal Studies HSC Syllabus (2009) – Part I of the core - Crime
-  BOSTES Legal Studies HSC Syllabus (2009) – Option 3 – Family (Care and protection of children)

3. Individual who challenged the state and her employer dies
Nancy Miller (1924 – 2013) has died. She was a Sydney resident who kept an eye on what she considered to be unjust policies and challenged people in authority responsible for them.  In 1976 when the NSW government proposed to turn Botany Bay into a deep-water port with a coal loader, Ms Miller campaigned against it, leading the Botany Bay Independent Action Group and collecting 1400 signatures on a petition. She said “we have a right to complain about improper planning, a country’s wealth must be assessed by the living conditions of its people and not be judged by how many millionaires it can boast.” The campaign succeeded with stopping the coal ladder. At 14 Ms Miller began working at Australian Paper Mills. When she found out that workers were not allowed to take toilet breaks in work time, she considered this was wrong and told her colleagues that they should take off their underpants and wash them in the hand basin. She then took the wet garments and hung them on a line at the bottom of the stairs leading to the boss’s office. Her boss took offence and Ms Miller explained that if workers were able to go to the toilet when they needed to, they would not wet themselves. The problem was solved.  In 2006 she was awarded a Medal of the Order of Australia. “A lot of people don’t want to complain because they don’t want the name of a whinger. It doesn't bother me  it would bother me if I didn't speak up”, Ms Miller said.
 
* Reference: “Nancy Miller – Relentless rebel with many causes” by Malcom Brown, in The Sydney Morning Herald – 2 December 2013
* Syllabus link: BOSTES NSW Preliminary Legal Studies Syllabus (2009) – Part II – The Individual and the Law (Resolving disputes)
 

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, 2012) there is an article titled “Games that enhance learning in Economics” by EBE NSW Director, Professor John Lodewijks.
 

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 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 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 admin@ebe.nsw.edu.au
 

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 good wishes for a Happy Easter.

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

In Australia, of all households, 71.5% were family households, 24.3% were single person households and 4.1% were group households.

Attitude to money

"Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work."
- Robert Orben

Quote

“Learn from yesterday. Live for today. Hope for tomorrow.”
- Albert Einstein

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Our website address is:
http://www.ebe.nsw.edu.au/