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Economics and Business Educators of NSW

From the President

10  February 2014

Dear EBE NSW members,

Welcome to the first EBE NSW e-newsletter for 2014. Welcome to all our new members this year. I hope everyone is getting settled with their 2014 classes. The EBE NSW Board of Directors and staff look forward to working with you this year.

EBE NSW Membership Renewals for 2014 due now

Membership renewal forms for 2014 have been sent to all members. 2014 membership forms are also available on the EBE NSW website. Membership rates have not changed for 2014. The EBE NSW Board has made a decision to expand the concessional membership category for 2014. This category now includes casual/temporary teachers and retirees, in addition to student teachers. The membership fee for this category is $48.40. Renew your membership now in order to stay connected with your subject association!

2014 EBE NSW Calendar of Events

Please click here for the 2014 EBE NSW Calendar of Events and note the dates for your diary. The calendar will be updated as the year progresses, with updated versions put on the EBE NSW website.

EBE NSW kicks off its 2014 PD program with “Teaching the Preliminary course (Year 11) in Business Studies, Economics or Legal Studies for the first time?”

“Teaching the Preliminary course (Year 11) in Business Studies, Economics or Legal Studies for the first time?” will be held on Monday 24 February 2014 from 4.15pm – 7.30pm. This NSW Institute of Teachers endorsed PD course has been designed specifically for:
  • beginning teachers and experienced teachers who are teaching the Preliminary Course (Year 11) in Business Studies, Economics or Legal Studies for the first time.
  • teachers who may have already taught one of these courses in the past but who need a refresher course.
  • teachers who intend to teach one of these courses in the near future.
The course will look at:
  • effective teaching and learning strategies designed to engage students, based on the current Board of Studies NSW syllabus
  • assessment procedures and techniques, including the Board of Studies NSW requirements for the allocation of Preliminary grades for the Record of School Achievement (RoSA)
  • useful teaching and learning resources.

The course will be presented by experienced teachers and EBE NSW Directors who will share their own experiences during their challenging early years of teaching and how they coped. Click here for the full conference program and registration details.

Save these PD dates for 2014

1. EBE NSW Annual Conference
The EBE NSW Annual Conference will be held on Friday 16 May 2014 at Burwood RSL Club, NSW. The full conference program and registration details will be available very soon.

2. Business Educators Australasia Biennial National Conference
The Business Educators Australasia (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 full conference program and registration details will be available soon.

Excursion idea - School groups wanted for ABC TV Q&A program with IMF chief – Thursday 20 February 2014

School groups are invited to join ABC TV’s Q&A on Thursday 20th February 2014 for a special one-on-one with the chief of the International Monetary Fund, Christine Lagarde. Hosted by award-winning journalist Tony Jones, Q&A is the show where you ask the questions of Australia’s politicians, pundits and opinion-makers. This special event will be held at the Seymour Centre in Sydney’s Chippendale from 3pm. The program is looking for school groups willing to join the debate and ask questions. This is a rare opportunity to hear from one of the world’s most influential women on the state of the global economy, women in power and development. If you’d like to bring your students to Q&A with Christine Lagarde, please contact Q&A Producer Christine El-Khoury asap – or 8333 4065
Please be quick, seats to this special event are in high demand.

Tony Jones

Incursion idea – Rule of Law Institute of Australia

The Rule of Law Institute of Australia has guest speakers available for your classroom to speak about the rule of law and current legal issues. Contact Nick or Jackie below for more information:
Nick Clark - - (02) 8076 8230
Jackie Charles - - (02) 8076 8235
>> Visit for teaching and learning resources.

Register now for the first ASX Schools Sharemarket Game of 2014

A great way for your students to have fun while they learn valuable personal finance and business skills. The Game ties in with the curriculum, encourages healthy competition, and offers fantastic real-life experience.  How does it work? Students get a virtual $50,000, and create their own portfolio, buying and selling shares in real market conditions. It’s as close to real trading as you can get! No need to be a sharemarket expert. Ready-made lesson plans and tutorial videos are provided, making it easy to teach the Game. If you’d like to receive a teachers’ resources pack, email your details to

Click here for details about the Game, how to access it and testimonials from teachers and students. Two posters, “What influences the sharemarket” and “Australian share price movements” are available by emailing The Game is an excellent resource for the “Personal Finance” and “Investing” topics in Commerce. It could also form the basis for a “School-developed Option” (see page 48 in the Commerce syllabus). It is also suitable for Economics and Business Studies students.

In issues 1 and 2 (2013) of “The EBE Journal” you will find articles about the student winners from the 2013 ASX Schools Sharemarket Game (see the EBE website).
Game play: 13 March 2014 – 21 May 2014
Registrations close on 12 March 2014.

Registrations now open for the 2014 Law Society of NSW Inter–School Mock Trial

What better way to learn about the law and judicial system than by running a court case in a true-to-life adversarial setting? This is exactly what students participating in the Law Society’s Inter School Mock Trial Competition do. This renowned Competition has been running since 1981 and is open to teams in years 10 or 11 and up to the age of 21. It’s not only lots of fun – students also learn invaluable advocacy and debating skills at the same time. 
>> Further information

TV Resource - “The Checkout”

Series two of the consumer affairs TV program, “The Checkout” returns to ABC 1 at 8pm on 20 February 2014. This is an excellent program for Business Studies, Legal Studies (“Consumers” option) and Commerce students.
>> Visit for more information and to watch past episodes.

Student HSC Legal Studies Lectures – 6th March 2014

Legal Studies Seminars is running student HSC lectures for Legal Studies students on “Human Rights and the law” at Land Lease Theatre, Darling Harbour on Thursday 6 March 2014 from 9.30am – 2.30pm. Cost:$32.00 per student.
>> Email for more information.

CPA Australia – The Naked CEO

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

University scholarships for disadvantaged students from the Institute of Chartered Accountants Australia

The Institute of Chartered Accountants Australia have university scholarships available for disadvantaged students.  If you know of a student who would benefit from, or may be dependent on, financial assistance to continue their studies, the Institute would be pleased to hear from you. They would be particularly interested in year 12 students who are considering tertiary education in 2015. Simply email the Institute at and they will contact you to discuss.

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. School Leaders in the Asian Century: India Study Program, 12 to 23 April 2014
2. Introduction to Japan, 12 to 22 April 2014
3. Discover Bhutan, 12 to 21 April 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

The University of Sydney Free Public Lectures

1. “Getting ready for the Asian century”
When: Tuesday 11 February 2014 (not 11 February 2013 as stated in the last “EBE e-newsletter”)
Time: 6pm – 7.30pm
Venue: The University of Sydney
Cost: Free with registration required
>> More information:

The 'Asian Century' has been become a commonly used term but what does it really mean for government and business in Australia today? As part of the annual City of Sydney's Chinese New Year Festival program, the Confucius Institute and Sydney Ideas will host a discussion on the topic.

Pamela Young will discuss the cultural gap between Australia and Asian nations, and the findings in her published book 'Stepping Up: Lead culture change for diversity and growth in the Asian century that highlights the issues that impact Australia's ability to do well in Asia, the challenges Asian people encounter working in Australia, and what we can all do to improve the situation.

Pamela Young is a globally experienced executive and consultant who is known for her visionary and strategic thinking, change-agent capability and extensive knowledge of how cultures operate. Pamela has an extensive global career in both consulting and executive management. She has lived and worked in many cultures including Australia, New Zealand, Singapore, the UK, continental Europe and the USA.
David Olsson
Pamela will share the stage with David Olsson, former Chairman of the Australian-China Chamber Commerce, who has lived in Beijing for six years and is a key contributor to the book. David is the China Practice Consultant for King & Wood Mallesons and was instrumental in growing his company's business across the region and facilitating Australia-China client relations. 

2. “The Enigma of the ‘Responsible’ Corporation”
When: Tuesday 18 February 2014   
Time: 6pm – 7.30pm
Venue: The University of Sydney
Cost: Free with registration required
>> More information:

In this lecture Dirk Matten examines the history of corporate social responsibility (CSR) and look at three important questions. Why has it emerged? What has it really achieved? And, what is the future of corporate engagement with societal needs?

Professor Dirk Matten holds the Hewlett-Packard Chair in Corporate Social Responsibility and is a Professor of Strategy at the Schulich School of Business, York University, Toronto. He is also a Visiting Professor at the University of London, the University of Nottingham and at Sabancý University in Istanbul. He has taught and researched at academic institutions in Argentina, Australia, Belgium, Britain, Canada, the Czech Republic, France, Germany, India, Italy, Turkey, and the USA. 

3. “Six Years After The Crisis: Is A Different Capitalism Possible?”
When: Thursday 20  February 2014   
Time: 6.30pm – 8.00pm
Venue: The University of Sydney
Cost: Free with registration required
>> More information:
More than five years after the financial crisis the world is still struggling to make sense of what went wrong and what needs to be done. Geoff Mulgan argues that the roots of the current situation lie in the deep structure of capitalism – and in particular the ways in which markets reward both predatory and creative behaviour. This was recognised by Adam Smith two centuries ago but has repeatedly been forgotten. Crises occur when returns to predatory behaviour rise relative to creative enterprise – as happened in the 2000s. The solutions by contrast have to rein in the predatory side of capitalism and dramatically amplify its creative potential. But, so far, as after past crises, the first efforts have all gone into rebuilding the old status quo – not jumping ahead. Geoff Mulgan sets out what new political settlements might look like – reshaping how the economy is organised, as well as the very nature of government.

Geoff Mulgan
 is Chief Executive of Nesta, the UK’s National Endowment for Science, Technology and the Arts. Previously he was Chief Executive of the Young Foundation, a leading centre for social innovation. Between 1997-2004 he worked in the UK government including as director of the Government’s Strategy Unit and head of policy in the Prime Minister’s office. He was the founder director of the think-tank Demos, and has been an occasional reporter for BBC TV and radio, visiting professor at several universities and adviser to many governments around the world on policy and strategy. He is a director of Big Society Capital, chair of the Studio Schools Trust; co-founder of Action for Happiness; and chair of the Social Innovation Exchange (SIX).

Michael Kirby on North Korea

In the first Australian Human Rights Commission RightsTalk for 2014, former High Court Justice Michael Kirby gave an address on the challenges of investigating human rights in North Korea. Mr Kirby told the audience  that the Commission of Inquiry he is leading has documented a litany of abuse. He said many witnesses who had fled North Korea had harrowing and horrific stories to tell. The talk is also available on the Australian Human Right’s Commission’s YouTube channel.

Federal Government’s review of the Australian Curriculum

Terms of reference for the Federal Government’s review of the Australian Curriculum are available at the Australian Government’s ‘Students First’ website - public are invited to comment until 28 February 2014. Have your say!

Inquiry into and report on all aspects of the conduct of the 2013 Federal Election and matters related thereto

After every federal election, the Australian Parliament’s Joint Standing Committee on Electoral Matters holds an inquiry into the conduct of that election. The Committee invites interested persons and organisations to make submissions addressing the terms of reference by Friday 7 March 2014. More information on the Parliament of Australia website.

Economics and Business News Bites

1. Below – trend economic growth causes interest rates not to rise
The Reserve Bank decided not to raise interest rates on 4 February 2014, citing below-trend economic growth, leaving the cash rate at 2.5%. “Monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates”, the bank said.
* Reference:
- “RBA: Low rates to stay” by Paul Gilder, in The Daily Telegraph, 5 February 2014
* Syllabus link:
- Board of Studies NSW HSC  Economics (2009) – Topic 4 – Economic Policies and Management
2. Federal Court prevents Toyota from cutting wages and staff conditions
Federal Court Justice Mordy Bromberg ordered Toyota not to proceed with cuts to wages and staff conditions which would have changed an existing workplace agreement covering 2000 workers at Altona. The company argued that the cost-cutting measures were essential if Toyota is to remain as Australia’s last car manufacturer after Ford closes in 2016 and Holden closes the year after. It had wanted to put the list of cuts and changes to a vote of workers at Altona. However four Toyota workers lodged a Federal Court complaint and successfully stopped the ballot. Toyota Australia chief Max Yasuda said it was within the company’s rights to vary the workplace agreement, provided the majority of employees were supportive. Toyota has lodged a Federal Court appeal against the decision.
* Reference:
- “Toyota to appeal ruling on cost-cutting plan” by Clay Lucas and Sam Hall, in The Sydney Morning Herald – 20 December 2013
* Syllabus links:
- Board of Studies HSC  Business Studies (2010) – Topic 4 – Human Resources
- Board of Studies Preliminary Economics (2009) – Topic 4 – Labour Markets
3. Channel Ten changes its target market
Television station Channel Ten is no longer focusing on the youth market, it’s now the 25 – 54 year-olds who will be targeted. The television station’s boss, Hamish McLennan, said “the best way I can summarise it was we had the wrong strategy for the business and we were chasing an ever-declining part of the market … young kids … the 16-to-39 demographic that we built our name on in the last 10 years … just doesn’t really exist as a viable opportunity for us any more”. “The Simpsons” no longer screens at 6pm on Channel Ten. Channel Ten is struggling in the ratings, with the station falling behind the ABC as priority viewing. “No matter what they put to air, they are always the third or fourth choice channel”, Fusion Media’s Steve Allen says. In the current business environment, free-to-air television stations are considered to be operating in the mature stage of the business lifecycle.
* References:
- “No going back to youth market” by Madeleine Heffernan, in The Sydney Morning Herald – 21 November 2013
- “Ten chief gets rude Wake Up call” by Colin Kruger, in “The Sydney Morning Herald, 15 November 2013
* Syllabus link:
- Board of Studies HSC Business Studies (2010) – Topic 2 – Marketing
4. “Hard to get a break?”  report sheds light on Australia’s unemployment rate and reveals a trend in unpaid overtime
The “Hard to get a break?” report by the Australia Institute says that while Australia’s official unemployment rate is 5.7%, it would increase if those in a job who want more hours were factored in. The report also found that people aged over 45 were particularly at risk of being unemployed, with age discrimination a major barrier to being hired. Although older women often fared better than men because they were more likely to work in growth areas such as health care and social care. Older men who did not have transferable skills find themselves competing with much younger males. For example, with Qantas announcing that it will close its heavy maintenance facility in Avalon, near Geelong (resulting in the sacking of almost 300 engineers), Sammy Buttigieg, who works at the Avalon maintenance base will lose his job. Mr Buttigieg says, “I’m 54 next year, and who is going to give me a job at this stage?”  The report also found that Australians are working seven hours a week of unpaid overtime.
* References:
- “ Jobless struggle for work while full-timers overdo it” by Clay Lucas, in The Sydney Morning Herald – 20 November 2013
- “Qantas cuts 300 engineers before touted move offshore” by Clay Lucas and Matt O’Sullivan, in The Sydney Morning Herald, 9-10 November 2013
* Syllabus link:
- Board of Studies Preliminary Economics (2009) – Topic 4 – Labour Markets (The Australian Workforce)

5. Variable pricing in physical stores
Charging customers a different price for the same product is common for tolls, air fares and hotel rooms. However it is not yet common in physical stores. Britain’s largest home improvement retailer B&Q is trialling variable pricing using electronic shelf labels. A “smart” shelf label identifies a passing shopper’s mobile phone signal and matches it to a loyalty program or purchase history. The display price of the product then automatically adjusts to an amount consistent with the customer’s loyalty standing. Thus frequent shoppers pay a lower price to customers who shop occasionally at the store. The same technology can be used for changing prices across the store by time of day or time of week. Is this price discrimination? In addition electronic shelf labels are in full public view – one customer who is not a loyalty program member can end up watching the person next to them getting a better price on the same item. Could this cause the non-loyalty program customer to shop somewhere else because they think this is unfair?
* Reference:
- “The price is right, for some anyway” by Michael Baker, in The Sydney Morning Herald 16-17 November 2013
* Syllabus link:
- Board of Studies HSC Business Studies (2010) – Topic 2 – Marketing
6. New workplace anti-bullying measures
New anti-Bullying measures came into effect on 1 January 2014. The incoming workplace bullying provisions under the Fair Work Act 2009 (Cth) will enable an employee who believes a Workplace Bullying claim is not being dealt with appropriately by their employer to go directly to the Fair Work Commission (FWC) for assistance. Alternatively, the employee can choose to go directly to the FWC without lodging a prior claim with the employer nor consulting the organisation. The FWC can make an order for the bullying to stop. Any breach of these orders can result in penalties of up to $10,200 for individuals and $51,000 for organisations. It is advisable for workplaces to have a Workplace Bullying Policy in place to avoid an intervention by the FWC.
* Reference:
- Enterprise Care Pty Ltd e-newsletter, 30 January 2014
- “Present Tense ELICOS news” by Kendall Warren in Newsmonth – Newspaper of the NSW/ACT Independent Education Union (Vol.34 #1) February 2014
* Syllabus link:
- Board of Studies NSW HSC Business Studies (2010) – Topic 4 – Human Resources
7. ANZ bank chief is the highest paid bank boss
ANZ chief executive Mike Smith is the top paid bank boss in Australia, at $10.4 million. Of the total payment , $5.3 million was paid in cash and $5.1 million in deferred shares.  Despite being the country’s third largest bank, ANZ spent more on its top executive in 2013 than its  bigger rivals Westpac and Commonwealth Bank.
* Reference:
- “At $10.4m a year, ANZ boss beats rivals in pay stakes” by Clancy Yeates”, in The Sydney Morning Herald, 16-17 November 2013
* Syllabus link:
- Board of Studies NSW Commerce (2003) – Core Part 1.2 – Personal Finance

Legal  News Bites

1. R v Lane - Appeal in Keli Lane case fails
Keli Lane was found guilty of murdering her two day old child, Tegan (the murder occurred in 1996). She is serving her minimum 13.5 year jail sentence in Silverwater Women’s Correctional Centre. In December 2013, the case was appealed to the Court of Criminal Appeal on eight grounds, including Ms Lane’s contention that the jurors should have been able to consider the lesser charge of manslaughter. The appeal failed  - “we are satisfied that the evidence established beyond reasonable doubt that it was an act of the appellant, that caused Tegan’s death,” Chief Justice Bathurst, Justice Carolyn Simpson and Justice Christine Adamson said during the appeal case. Ms Lane’s lawyer, Ben Archbold, said the case may not be finished yet, saying “ we’ll see what avenues she has left. There’s an avenue of appeal to the High Court, it’s on a matter of law,” Mr Archbold said.
*  Reference:
- “Keli Lane’s murder conviction upheld” by Louise Hall and Paul Bibby, in The Sydney Morning Herald, 14-15 December 2013
* Syllabus link:
- Board of Studies NSW HSC  Legal  Studies (2009) – Topic 1– Crime  (Sentencing and punishment– Appeals)
2. R v Loveridge (Thomas Kelly case) 2013 – Guilty of manslaughter, 4 years jail sentence
Kieran Loveridge who punch killed Thomas Kelly in July 2012 has been sentenced to 4 years in jail in a NSW Supreme Court after being found guilty of manslaughter. Thomas Kelly’s father Ralph said the sentence did not bring justice to the victim arguing the sentence was too lenient. Loveridge killed Mr Kelly with a single blow to the head shortly after 10pm on July 7 2012, near the Coke sign in Kings Cross, Sydney Australia. Justice Stephen Campbell said that Loveridge’s attack was a spontaneous, unpremeditated attack carried out under the influence of alcohol, and that he had not been aware that the punch could seriously injure or kill. Mitigating factors included Loveridge expressing genuine remorse and a poor upbringing with an abusive father. At the time of the incident Loveridge was on probation in relation to an assault committed a year earlier.
* Reference:
- “Four years for a life: Kelly family’s outrage” by Paul Bibby, in The Sydney Morning Herald , 9-10 November 2013
* Syllabus link:
- Board of Studies NSW HSC Legal  Studies (2009) – Topic 1– Crime
3.  83 children known to the NSW Department of Family and Community Services die in 2012
The latest report on child deaths in NSW reveals that 83 children known to the NSW Department of Family and Community Services died in 2012. Six of the 83 children had been reported to the department more than 20 times. The child deaths review said a quarter of the 2012 cases had not received any child protection response. More than 46, 000 children at risk of serious harm are never seen by  a caseworker because of a lack of resources. The 2012 child deaths report showed there had been improvements with the total number of deaths of children known to the department falling from 139 in 2010 to 110 in 2011 and 83 in 2012.  NSW Family and Community Services Minister Pru Goward said “ there are some obvious warning signs we shouldn’t ignore. However it is important to note the research clearly tells us that we can’t predict which particular cases will end in tragedy”.
* Reference:
- “83 children known to Community Services died across state last year” by Anna Patty, in The Sydney Morning Herald – 11 December 2013 
* Syllabus link:
- Board of Studies NSW HSC Legal Studies (2009) – Option 3 – Family –  Care and protection of children)
4. Same – Sex Marriage Bill fails in the NSW Upper House
The NSW Legislative Council in the NSW Parliament has voted down the Same Sex Marriage Bill by 21 votes to 19. The Private Member’s Bill was introduced to the NSW Upper House on 31 October 2013 by Labor Member of the Legislative Council (MLC), Penny Sharpe. Independent MP Alex Greenwich said “although we are disappointed we didn’t get it up this time we are encouraged by the closeness of the vote”. Christian Democratic Party MLC, Rev Fred Nile, said “this is a great victory for marriage.” Chris Meney, Director of the Catholic Church’s Archdiocese of Sydney’s Centre for Life Marriage and Family pointed out that same sex couples account for a tiny percentage of Australia’s population of 23 million, with the most recent Census of 2011 , showing just 33, 700 couples were living together in same sex relationships.
* Reference: “Same sex marriage voted down by NSW Upper House”, Catholic Communications, Sydney Archdiocese – 14 November 2013,
* Syllabus link:
- Board of Studies NSW Legal Studies (2009) – Option 3: Family – Recognition of same-sex relationships

Latest issue of "The EBE Journal"

The 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.

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  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.

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 Issue 2, 2011 there is an article by Jennifer Gibson titled "Current issues in advertising” which explains a group learning activity that can be used for the Commerce topic, "Promoting and Selling”.

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


Joe Alvaro
President — Economics and Business Educators NSW

Looking back

1 February, 1992 – 1 and 2 cent pieces ceased to become available in Australia.
2 February 1895 – Queen Victoria gives Royal assent to the Bill allowing South Australian women the right to vote. South Australia was the first colony Australia and only the fourth place in the where women gained the vote.
4 February 2004 – Facebook is the world’s largest social networking site, with over one billion active users, as of late 2012. The site was launched on 4 February 2004 by a young American student of computer science named Mark Zuckerberg. The name “Facebook” originated from the Face Book of Zuckerberg’s high school, Phillips Exeter Academy: the book was distributed to every student to help them get to know their classmates for the following year. Zuckerberg took the idea and developed it as a digital medium.
5 February, 1989 – SKY TV launched by Rupert Murdoch.
5 February 1997 – The WA Supreme Court sentences Alan Bond to four years jail for Australia’s biggest corporate fraud ($1.2 billion).
9 February 1999 – The NSW Drug Court holds its first sitting at Parramatta. The court is empowered to allow drug addicts to avoid prison sentences if enter a detoxification program and stay off drugs.
11 February 1986 – Joan Child, 61, becomes the first speaker of the House of Representatives.
13 February 1884 – John Knatchbull, 56 is hanged publicly at Darlinghurst Jail, Sydney for killing Ellen Jamieson after robbing her.
13 February 2008 – Prime Minister Kevin Rudd apologises to the stolen generations of Aborigines taken from their mothers.
14 February 1966 – Australia changed over to decimal currency. The pound is replaced by the Australian dollar note. The big copper penny gives way to the tiny one-cent coin.
14 February 2005 – YOUTUBE.COM domain name registered.
15 February 1947NSW voters decide at a referendum not to extend the 6pm limit on hotel closing hours. A new vote will extend the hours to 10pm.
22 February 1879 - Frank Woolworth opens the first Woolworth store in New York where all items were priced at five cents. This first store was unsuccessful, so at his second store which was established in Lancaster, Pennsylvania in April 1879, Woolworth expanded the concept to include merchandise priced at ten cents. The second store succeeded, and Woolworth and his brother, Charles Sumner Woolworth, opened a large number of five-and-ten-cent stores. In 1911, the F.W. Woolworth Company was incorporated, uniting 586 stores founded by the Woolworth brothers and others. Although the Woolworth name has largely disappeared from the United States, it is still known in parts of the Commonwealth. However, the "Woolworths" chain operates under separate ownership and has no connection to the original American Woolworth.
26 February 1935  Qantas Empire Airways began operating its first international flights, from Darwin to Singapore.
27 February 1788 – Thomas Barrett, 17, becomes the first criminal to be hanged in the colony NSW for stealing butter, peas and pork from the colony food stores.

Quick statistic from the Australian Bureau of Statistics 2011 Census

In Australia, of occupied private dwellings 4.7% had 1 bedroom, 19.1% had 2 bedrooms and 43.6% had 3 bedrooms. The average number of bedrooms per occupied private dwelling was 3.1. The average household size was 2.6 people.

Attitude to money

"Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like."
- Will Smith


“With my transition to high school came the opportunity to learn new things, both academic and non-academic. How to study was one of the useful skills I acquired this year because it turns out that year 7 is just teaching you the basics you need to know in years 8, 9, 10, 11 and 12.”
- Jason Cleary-Gorton – 2013 Year 7 student and 2013 winner of the Victorian Cancer Council Arts Awards for outstanding children’s writing. His article, “From war to weather, a year of living dangerously” appeared in The Sydney Morning Herald, 28-29 December 2013
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