Download document 8235386

Welcome to QETA Newsletter 1 2016.
Poverty is not the simple result of bad geography, bad culture, bad history. It's the result of us: of the
ways that people choose to organize their societies. - Adam Davidson
A finite world can support only a finite population; therefore, population growth must eventually equal
zero. - Garrett Hardin
Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring
youngster: why did these exist, and what could we do about them. - Joseph Stiglitz
Early investment in the lives of disadvantaged children will help reduce inequality, in both the short and
the long run. - James Heckman
QETA 2016 CALENDAR OF EVENTS
28 February
7 March
7 March
8 March
9 March
10 March
10 March
31 March
11 April
14 May
11 July
21 July
22 July
25-29 July
25-29 July
12 September
3 October
12 October
2016 Subscription Due
RBA Seminar 1 Cannon Hill Anglican College 11am
RBA Seminar 2 Brisbane Girls Grammar School 4pm
RBA Seminar 3 Toowoomba Grammar School 9am
RBA Seminar 4 Gold Coast 9.30am - venue to be advised
RBA Seminar 5 Cavendish Road State High School 7am
RBA Seminar 6 Marist College Ashgrove 9.30am
Final date for discounted memberships
Econopak 1 Published
QETA Conference – venue to be advised
Econopak 2 Published
UQ Student Day
QUT Student Day
UQ Student Economics Competition
Economics Week
UQ Student Economics Competition Presentation of Prizes
Econopak 3 Published
AGM
QETA NEWS
1. 2016 MEMBERSHIP
Your QETA membership can be renewed by logging onto the website, Go to “Join US” and then follow the
instructions. Costs are the dame as 23015, but do remember the discounted rate only applies until 31
March. That should give you plenty of time to get it organized and to have your school accounts section
pay it prior to 31st March.
2. FROM QCAA
Become a QCS Test marker
The Queensland Curriculum and Assessment Authority (QCAA) is looking for new Writing Task and Short
Response markers for the Queensland Core Skills (QCS) Test.
You are invited to apply to join the QCS Test marking team. You will:
·
earn extra income
·
network with like-minded professionals
·
gain practical insight into QCS Test marking
·
gain CPD points for registration renewal.
The 2016 marking operation will be held in Brisbane from Saturday 17 September to Friday 23
September.
For more information and to apply online, visit www.qcaa.qld.edu.au or email
[email protected] or phone (07) 3864 0367.
Applications are open from Monday 8 February to Friday 11 March 2016.
3. RBA SEMINARS
Registrations for the 2016 RBA Seminars in Brisbane, Gold Coast and Toowoomba are now open via the
QETA website. A flyer can also be downloaded from the website. Cost is still $5.50 per student to attend,
the same price it has been for at least the last 10 years! Now that is value!
TEACHING RESOURCE
Talk Less Teaching - debate webs
A perennial challenge in classroom debates and discussions is ensuring that all learners get an equal
chance to participate, without quieter learners letting the more confident do all the talking....
http://tutor2u.cmail20.com/t/ViewEmail/j/296A983F7C6FE6D3/7402E01707305E9F20B193FBA00ED1DB
RESOURCES
1. FROM THE FEDERAL TREASURY
2. FROM THE ABS
6311.0 ABS releases new information on employee earnings and jobs (Media Release), 201112 (First Issue)
http://www.abs.gov.au/ausstats/[email protected]/MediaRealesesByCatalogue/644DDDEA4DB7546CCA257F17001
28DFB?OpenDocument
5671.0 Lending Finance, Australia, Oct 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/5671.0?OpenDocument
3101.0 Australian Demographic Statistics, Jun 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/3101.0?OpenDocument
5232.0 Australian National Accounts: Finance and Wealth, Sep 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/5232.0?OpenDocument
5439.0 International Merchandise Imports, Australia, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/5439.0?OpenDocument
6291.0.55.001 Labour Force, Australia, Detailed - Electronic Delivery, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/6291.0.55.001?OpenDocument
6291.0.55.003 Labour Force, Australia, Detailed, Quarterly, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/6291.0.55.003?OpenDocument
6523.0 Household Income and Wealth, Australia, 2013-14 (Additional Information)
http://www.abs.gov.au/ausstats/[email protected]/mf/6523.0?OpenDocument
8731.0 Building Approvals, Australia (Media Release), Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/MediaRealesesByCatalogue/B4669E44CACBB1D5CA257E38001
BDFC5?OpenDocument
5368.0 International Trade in Goods and Services, Australia, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/5368.0?OpenDocument
8731.0 Building Approvals, Australia, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/8731.0?OpenDocument
5368.0 International Trade in Goods and Services, Australia, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/5368.0?OpenDocument
8731.0 Building Approvals, Australia, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/8731.0?OpenDocument
8501.0 Retail Trade Australia (Media Release), Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/MediaRealesesByCatalogue/676AC4CC578D6559CA257734002
04519?OpenDocument
8501.0 Retail Trade, Australia, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/8501.0?OpenDocument
5609.0 Housing Finance, Australia, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/5609.0?OpenDocument
6202.0 Strong trend growth in Australia's employment continues (Media Release), Dec 2015
http://www.abs.gov.au/ausstats/[email protected]/MediaRealesesByCatalogue/46DFE12FCDB783D9CA256B74008
2AA6C?OpenDocument
6202.0 Labour Force, Australia, Dec 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/6202.0?OpenDocument
8731.0 Building Approvals, Australia, Nov 2015 (Additional Information)
http://www.abs.gov.au/ausstats/[email protected]/mf/8731.0?OpenDocument
6291.0.55.001 Labour Force, Australia, Detailed - Electronic Delivery, Dec 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/6291.0.55.001?OpenDocument
5671.0 Lending Finance, Australia, Nov 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/5671.0?OpenDocument
5671.0 Lending Finance, Australia, Sep 2015 (Additional Information)
http://www.abs.gov.au/ausstats/[email protected]/mf/5671.0?OpenDocument
8752.0 Building Activity, Australia, Sep 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/8752.0?OpenDocument
9314.0 Sales of New Motor Vehicles, Australia, December 2015
http://www.abs.gov.au/ausstats/[email protected]/mf/9314.0?OpenDocument
3. FROM THE IMF
IMF Chief Warns That Global Growth May Disappoint in 2016
As most people look forward with hope to the potential of a new year, the International Monetary Fund's
(IMF) Managing Director, Christine Lagarde, warned of a disappointing global economic outlook.
Read More
World Economic Outlook Update, January 2016
http://www.imf.org/external/pubs/ft/weo/2016/update/01/index.htm
Speech: The Case for a Global Policy Upgrade by Managing Director Christine Lagarde
http://www.imf.org/external/np/speeches/2016/011216.htm
World Economic Outlook Update: Subdued Demand, Diminished Prospects - January 2016
http://www.imf.org/external/pubs/ft/weo/2016/update/01/index.htm
IMF Survey: Weak Pickup in Global Growth, with Risks Pivoting to Emerging Markets The pickup
in global growth is weak and uneven across economies, with risks now tilted toward the emerging
markets, says the IMF’s latest World Economic Outlook (WEO) Update.
http://www.imf.org/external/pubs/ft/survey/so/2016/res011916a.htm
4. FROM WORLD BANK
World Bank to Help Countries Deliver on Climate Commitments
With the global agreement at COP21 in Paris, countries are stepping up their action on climate change to
meet the ambition of the agreement. The World Bank Group is working with countries to help meet their
Paris commitments and finalizing a Climate Change Action Plan to further integrate climate change into
operations. Read More »
Statement | On the Ground in Paris | Cities: Key Pieces of the Puzzle | Plan to Spur Climate-Resilient
Infrastructure in Africa
2016
International Debt Statistics Launched
This publication features financial flows, trends in external
debt, and other financial indicators for developing and
advanced economies.
Read More »
Year in Review: 2015 in 12 Charts
2015 was a year of major milestones, emerging trends, and new beginnings in international
development. Among other things, the year saw a historic drop in poverty, a major climate change
agreement, and new global development goals. Take a look at what the numbers show. Read More »
Most popular stories | Favorite social content | #Music4Dev: Ending poverty one song at a time
Anemic Recovery in Emerging Markets to Weigh Down 2016 Growth
Global economic activity should still pick up modestly to a 2.9% pace, from 2.4% growth in 2015, as
advanced economies gain speed. Spillovers from major emerging markets will constrain growth in
developing countries and pose a threat to gains in raising people out of poverty. Read More »
Global Economic Prospects Report | Video Interview | Infographics
World Development Report: Digital Revolution Needs Offline Help
While the Internet, mobile phones, and other digital technologies are spreading rapidly through the
developing world, the anticipated digital dividends of higher growth, more jobs, and better public services
have fallen short of expectations, and 60% of the world’s population remains excluded from the digital
economy. Read More »
Live Webcast Thursday | Report | Release | Videos | Infographics | Blogs
ARTICLE
Principles and Practice in Measuring Global Poverty
Charts Show Gender Gaps We Still Need to Close
The World Bank Group has just launched a new gender data portal that brings together data on topics
ranging from education, demographics, and health to jobs, asset ownership, and political participation.
We’ve also just released the Little Data Book on Gender 2016 along with online tables that are linked to
the latest data available in the World Development Indicators. Read More »
Article | Gender Data Portal | Little Data Book on Gender 2016 | Gender Strategy
5. FROM THE RBA
The Reserve Bank of Australia has released the Minutes of the December 2015 Monetary Policy
Meeting of the Reserve Bank Board.
http://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-12-01.html
The Bulletin for the December Quarter 2015 has been released by the Reserve Bank of Australia
today.
http://www.rba.gov.au/publications/bulletin/2015/dec/index.html
A speech delivered by Guy Debelle, at the 28th Australasian Finance and Banking Conference in
Sydney, is available on the Reserve Bank website.
http://www.rba.gov.au/speeches/2015/sp-ag-2015-12-16.html
The Reserve Bank of Australia issued the Index of Commodity Prices for December 2015. You can
view this statistical release at:
http://www.rba.gov.au/statistics/frequency/commodity-prices/2015/icp-1215.html
The Reserve Bank of Australia has released the January 2016 issue of the Chart Pack.
You can view the Chart Pack at:
http://www.rba.gov.au/chart-pack/
6. FROM THE BUSINESS SPECTATOR
The end looms for the dominant dollar
14 Dec | 10:50 AM | Deepanshu Mohan
The rise of the yuan as a freely usable reserve currency could spell the beginning of the end of the era of
dollarisation.
WTO ag deal 'remarkable': Robb
21 Dec 2015 | 6:10 AM | Reuters
Australian Trade Minister praises decision to scrap agricultural export subsidies.
How to overcome our biggest hurdle to growth
18 Dec 2015 | 6:40 AM | Shaun Bonétt
Without considerable reform to our infrastructure networks, our rate of economic growth will face severe
constraints.
The naive economics of Uber’s surge pricing
11 Jan 2016 | 9:45 AM | Stephen King
Uber needs a more sophisticated approach to surge pricing if it is to thrive in the long term.
Some lines in the sand for global markets
8 Jan 2016 | 9:42 AM | Ric Spooner
Several factors could see markets embark on a bearish trajectory.
World Bank cuts global growth forecasts
7 Jan | 7:47 AM | Dow Jones newswires
World Bank cuts forecasts for the third straight year on disappointing growth.
Why China fears are overblown
15 Jan | 6:36 AM | James Laurenceson
Observers are reading too much into China’s depreciating currency.
The labour market’s troubling trend
14 Jan | 1:00 PM | Patrick Carvalho
Rising levels of joblessness among Australia’s youth must be tackled sooner rather than later.
Four formidable risks to the global economy
13 Jan 2016 | 4:01 PM | Michael Blythe
A number of forces could fundamentally reshape the outlook for the global economy and financial
markets.
Why retirees aren’t spending their savings
1 Jan 2016 | 6:04 PM | Simon Cowan
The reluctance of retirees to spend their savings is symptomatic of the shortcomings of our pension
system.
There’s more turbulence ahead for the global economy
20 Jan | 3:37 PM | Maurice Obstfeld
Advanced and emerging economies should brace for a bumpy ride as a number of downside risks look set
to intensify
Aust CEOs worried about growth
20 Jan 2016 | 5:07 AM | AAP
Business leaders report waning confidence in growth prospects, but it’s not all doom and gloom.
7. FROM ECONOMY WATCH
Indian Finance Minister Predicts Positive Annual Growth
According to finance minister Arun Jaitley, India's economy may grow as much as 9.0 percent annually, but only
under the right economic conditions, according to CNN Money. The South Asian country achieved significant growth
in 2015, but it was held back due to such factors as a decline in the steel industry and a heavy monsoon season.
India remains the fastest growing major market in the world, outgrowing China.
Read More
Asia Crisis Deepens: Japan Enters Bear Market, China Yuan Threatened
Japanese stocks officially entered a bear market on Wednesday and continue to see pressure, despite
quantitative easing measures that propped up stocks in years past. The Japanese Topix index fell 3.7
percent in a day and lost over 20 percent of its value from its peak last summer. The Nikkei 225 fell a
similar amount by the close, leading to an almost 14 percent year-to-date loss.
Read More
OECD Poverty Report: Israel Worst, U.S. Fourth
The Organization for Economic Cooperation and Development (OECD) released a report this week
pertaining to poverty levels among member nations. According to the report, a few surprising nations
ranked high on the list, with Israel at number one and the United States at number four.
Read More
8. FROM TUTOR2U
Is Christmas getting cheaper? Inflation, elasticity and austerity
This fabulous BBC iWonder interactive graphic examining the cost of Christmas is packed as full as an M&S
mince pie with super economics. In real terms, your Christmas dinner...
http://tutor2u.cmail20.com/t/ViewEmail/j/CFAF8CEA7F7AFC50/7402E01707305E9F20B193FBA00ED1DB
Do preferential trade agreements harm excluded countries?
Agreements to liberalise trade between groups of countries will boost wages in the partner countries but
harm third countries excluded from the agreement. That is the central finding of research...
http://tutor2u.cmail20.com/t/ViewEmail/j/CFAF8CEA7F7AFC50/7402E01707305E9F20B193FBA00ED1DB
Demographic transition? Rising wealth can cause population to grow
Higher national income growth leads to increases in countries’ population growth. That is the central
message of research by Professors Markus Brückner and Hannes Schwandt, published in the December
2015...
http://tutor2u.cmail20.com/t/ViewEmail/j/CFAF8CEA7F7AFC50/7402E01707305E9F20B193FBA00ED1DB
Nurofen - product differentiation or price discrimination?
The Australian judiciary has told the makers of Nurofen (Reckitt Benckiser) that they must withdraw their
range of products from Australian shelves, because the products all contain identical ingredients but...
http://tutor2u.cmail20.com/t/ViewEmail/j/CFAF8CEA7F7AFC50/7402E01707305E9F20B193FBA00ED1DB
Two Sides of Inequality in Fast Growing Indonesia
Two residents of Indonesia’s capital Jakarta live almost side by side, yet they are separated by income
inequality. Both explain that not everyone has benefited from Indonesia’s economic...
http://tutor2u.cmail20.com/t/ViewEmail/j/4EE4D654E014813D/7402E01707305E9F20B193FBA00ED1DB
Extreme poverty: Transforming the lives of the ultra-poor
The ultra-poor is a term linked to extreme poverty rates in some of the world's least developed countries.
It was first coined in 1986 by Michael Lipton of the University of...
http://tutor2u.cmail20.com/t/ViewEmail/j/4EE4D654E014813D/7402E01707305E9F20B193FBA00ED1DB
The Equity Premium and Low Interest Rates
One for the behavioural finance students out there! What kinds of returns should we expect from risky
stocks and shares (equities)?
http://tutor2u.cmail20.com/t/ViewEmail/j/4EE4D654E014813D/7402E01707305E9F20B193FBA00ED1DB
Should we drop money from helicopters?
The economist Milton Friedman was well known (amongst MANY other reasons) for his analogy of
"dropping money out of helicopters" for providing a monetary-based economic boost. Last year, The
Economist...
http://tutor2u.cmail19.com/t/ViewEmail/j/696B1D20DD33A6F1/7402E01707305E9F20B193FBA00ED1DB
A Euro Decline Infographic
It's quite easy to get carried away looking at the various infographics on the visual.ly website. Here is one
I found earlier today that is relevant when studying exchange...
http://tutor2u.cmail19.com/t/ViewEmail/j/696B1D20DD33A6F1/7402E01707305E9F20B193FBA00ED1DB
World Economy in 2015 - Review Articles
A curation of articles looking back on key developments in the world economy in 2015 is available here.
http://tutor2u.cmail20.com/t/ViewEmail/j/A29F6E283C74F94A/7402E01707305E9F20B193FBA00ED1DB
An alternative to urban sweatshops grows in Cambodia
There is plenty of pertinent development economics in this piece from the Guardian. There is an
alternative model to urban sweat-shops. Consider for example the long term importance of the...
http://tutor2u.cmail20.com/t/ViewEmail/j/2166F68595C76505/7402E01707305E9F20B193FBA00ED1DB
Who were the world's most innovative companies in 2015?
Apple is ranked only 12th in this listing of the planet's most innovative companies for 2015. Microsoft is
9th and Sony is 8th. Google is 5th and IBM is 2nd. So...
http://tutor2u.cmail20.com/t/ViewEmail/j/339792C60C2A1347/7402E01707305E9F20B193FBA00ED1DB
Recent Examples of Vertical Integration
Study notes
Here are some recent examples of vertical integration
http://tutor2u.cmail20.com/t/ViewEmail/j/339792C60C2A1347/7402E01707305E9F20B193FBA00ED1DB
Recent Examples of Horizontal Integration
Study notes
Recent examples of horizontal integration in different markets and industries can be found here
http://tutor2u.cmail20.com/t/ViewEmail/j/339792C60C2A1347/7402E01707305E9F20B193FBA00ED1DB
Business Objectives: Maximisers and Satisficers
Study notes
Maximisers behave in a traditional economic way and always try to make the best possible choice from the
available alternatives. Satisficers examine only a limited set of alternatives, and choose...
http://tutor2u.cmail20.com/t/ViewEmail/j/339792C60C2A1347/7402E01707305E9F20B193FBA00ED1DB
Nigeria country profile - Growth and Development
Nigeria is Africa’s second largest economy and has the highest production of oil and gas in Africa. More
than 62% of Nigeria’s population are under 25 and it’s growing middle class makes up 23% of the
population.
http://tutor2u.cmail20.com/t/ViewEmail/j/71CC92FD71BBAC0D/7402E01707305E9F20B193FBA00ED1DB
How much Inequality is Too Much?
If you are studying the economic causes and consequences of income and wealth inequality as part of
your studies, then this is a superb short programme to listen to.
http://tutor2u.cmail20.com/t/ViewEmail/j/D005D22C9800BE37/7402E01707305E9F20B193FBA00ED1DB
African Economic Prospects for 2016
This article from BBC Business is excellent for A2 macro students - especially Edexcel and OCR people.
External headwinds are affecting African countries in different ways. Sharp falls in global...
http://tutor2u.cmail20.com/t/ViewEmail/j/D005D22C9800BE37/7402E01707305E9F20B193FBA00ED1DB
Revision Presentation on Business Growth
Study presentations
This is a revised and updated presentation on the economics of business growth
http://tutor2u.cmail20.com/t/ViewEmail/j/7C807D4EFCC7246F/7402E01707305E9F20B193FBA00ED1DB
Cross Price Elasticity of Demand - Music Streaming Hits Album Sales
The growing popularity of relatively low-priced music streaming from services such as Apple Music and
Spotify is coming at the expense of other market segments. This is a good example of cross price
elasticity of demand in action.
http://tutor2u.cmail20.com/t/ViewEmail/j/EEBD36843A2325E0/7402E01707305E9F20B193FBA00ED1DB
Topical Examples of Price Discrimination
This study note curates recent examples of price discrimination in action. This is a pricing strategy used
by the majority of businesses as a way of generating extra revenue, increasing profits and selling excess
capacity in markets.
http://tutor2u.cmail20.com/t/ViewEmail/j/EEBD36843A2325E0/7402E01707305E9F20B193FBA00ED1DB
Economies and Diseconomies of Scale
This is a revision presentation on economies and diseconomies of scale
Students should be able to:
 Identify economies and diseconomies of scale.
 Students must be able to distinguish and give examples of internal and external economies and
diseconomies of scale.
http://tutor2u.cmail20.com/t/ViewEmail/j/EEBD36843A2325E0/7402E01707305E9F20B193FBA00ED1DB
Business Costs in the Short-Run
Study presentations
This is a revision presentation on business costs in the short run
http://tutor2u.cmail20.com/t/ViewEmail/j/BAFFDB782FE4DD11/7402E01707305E9F20B193FBA00ED1DB
Business Revenues
Study presentations
This is a revised and updated revision presentation on business revenues
http://tutor2u.cmail20.com/t/ViewEmail/j/A3F78E6FE199F80E/7402E01707305E9F20B193FBA00ED1DB
Is private sector debt sinking China?
The eyes of the financial and economics worlds are now focussed on China. A fascinating perspective was
provided last week in the leafy borough of Kingston upon Thames. ...
http://tutor2u.cmail20.com/t/ViewEmail/j/7802EC30A442965E/7402E01707305E9F20B193FBA00ED1DB
Oxfam report on increasing wealth inequality - some flaws in the data?
You may have seen the news this week that Oxfam have released a report suggesting that 1% of the
world's population now owns 50% of its wealth (I like this resource from...
http://tutor2u.cmail20.com/t/ViewEmail/j/7802EC30A442965E/7402E01707305E9F20B193FBA00ED1DB
Inflation - Explained
This is a short introductory primer on inflation from the Guardian.
http://tutor2u.cmail20.com/t/ViewEmail/j/10A8A02209BA45D2/7402E01707305E9F20B193FBA00ED1DB
Recent Resources on Market Failure (Jan 2016)
Here are some recent resources on market failure, especially externalities and demerit goods.
http://tutor2u.cmail20.com/t/ViewEmail/j/10A8A02209BA45D2/7402E01707305E9F20B193FBA00ED1DB
Global PC Sales Continue to Decline
More evidence here of the structural decline in sales of PCs in the global computer industry.
http://tutor2u.cmail20.com/t/ViewEmail/j/296A983F7C6FE6D3/7402E01707305E9F20B193FBA00ED1DB
Economic Efficiency
Study presentations
This is an updated revision presentation on economic efficiency in markets
http://tutor2u.cmail20.com/t/ViewEmail/j/C1E7585ED9478B3F/7402E01707305E9F20B193FBA00ED1DB
China’s textile exports decline in 2015
Once synonymous with the Chinese export machine, China's textile and garment export industry
experienced a severe decline in sales in 2015 according to data from their Ministry of Industry and
Information...
http://tutor2u.cmail20.com/t/ViewEmail/j/C1E7585ED9478B3F/7402E01707305E9F20B193FBA00ED1DB
The Hurdle Model of Price Discrimination
Study notes
The hurdle model is associated with economist Professor Robert Frank. The hurdle method separates
buyers with low minimum buying prices from buyers with higher so-called reservation prices.
http://tutor2u.cmail20.com/t/ViewEmail/j/C1E7585ED9478B3F/7402E01707305E9F20B193FBA00ED1DB
9. FROM MONEYSMART
MoneySmart in the classroom
Are you a teacher planning for the year ahead? Find out how to you can use our MoneySmart Teaching
program with your class.
It's budget time
Now is a great time to do a budget and start tracking your spending.
Check your net worth
Weigh up your assets and debts with our net worth calculator.
Monopoly
Study presentations
This is an updated revision presentation on the economics of monopoly power in markets
http://tutor2u.cmail20.com/t/ViewEmail/j/7B15A7CC33484976/7402E01707305E9F20B193FBA00ED1DB
Perfect Competition
Study presentations
This is an updated revision presentation on the economics of the market structure known as Perfect
Competition.
http://tutor2u.cmail20.com/t/ViewEmail/j/7B15A7CC33484976/7402E01707305E9F20B193FBA00ED1DB
Market Concentration
Study presentations
This is an updated revision presentation on how we measure market concentration and market power.
http://tutor2u.cmail20.com/t/ViewEmail/j/7B15A7CC33484976/7402E01707305E9F20B193FBA00ED1DB
Renewable Energy and Global Economic Growth
Achieving a 36 per cent share of renewable energy in the global energy mix by 2030 would increase global
gross domestic product (GDP) by up to 1.1 per cent, roughly USD 1.3 trillion, according...
http://tutor2u.cmail20.com/t/ViewEmail/j/7B15A7CC33484976/7402E01707305E9F20B193FBA00ED1DB
Do Transnational Corporations pay Higher Wages?
Here is some new research relevant to the debate over the benefits and costs of foreign direct investment
in both lower, middle and higher income countries
10. FROM TED TALKS
Economics: A scrappy debate about the future of capitalism »
What's wrong with the world economy today?
Work: The business case against overtime »
One way to improve productivity? Give workers a break
11. FROM ACCC
ACCCount
1 July to 30 September 2015
The Australian Competition and Consumer Commission (ACCC) works to enhance the welfare of
Australians by promoting competition and fair trading, protecting consumers from unfair business
practices and unsafe products, and regulating national infrastructure and other markets with limited
competition. This edition of ACCCount details the ACCC’s enforcement, compliance, merger, adjudication,
economic regulation, market studies, advocacy and international activities during the July to September
2015 quarter, including:
 Instituting proceedings in the Federal Court against Lifestyle Photographers trading as Expression
Sessions, alleging that Expression Sessions has acted unconscionably towards disadvantaged and
vulnerable consumers.
 Penalties totalling $18 million ordered by the Federal Court against Visa Worldwide Pte Ltd for





engaging in conduct that had the likely effect of substantially lessening competition in the market
in Australia for currency conversion services on the Visa Network.
Investigating serious allegations and evidence presented to the Royal Commission into Trade Union
Governance and Corruption concerning alleged cartel conduct in the construction industry in
Canberra.
Investigating possible misleading or deceptive conduct and unfair practices related to the sale of
vehicles advertised as meeting certain emissions standards when the vehicles did not meet such
standards.
Decision not to oppose the proposed acquisition of iiNet Limited by TPG Telecom Limited, after an
extensive review and examining a large number of submissions from consumers and other
interested parties.
Holding an Industry forum for suppliers of products that use button batteries, and facilitating the
development of voluntary industry guidelines for such products, including the provision of secured
battery compartments and safety warnings.
Releasing findings from a pilot broadband performance monitoring and reporting program.
To read the full report, please view the attached PDF or visit
http://www.accc.gov.au/publications/acccount for this and all previous editions.
12. FROM OXFAM
Focus on climate change
As the much anticipated COP21 began Tracy Carty outlined the state of climate emergency the world is
facing and we published a briefing on the extent of global carbon inequality.
Ruth Mhlanga then explained why what's good for the environment is good for the economy, and
Katherine Trebeck asked: are some people consuming too much?
With the agreement now reached Daniel Morchain reflects back on another event held in parallel, The
Global Landscapes Forum, and discusses the importance of having local level stakeholders involved in
these global events.
13. POPULATION MATTERS
Anchored Minds has released a short film about the effects of overpopulation in
Europe. The film explores the impact of population on climate change and quality
of life, urging viewers to reconsider their choices and lead more sustainable
lifestyles.
The United Nations Population Fund (UNFPA) has released its annual report on the state of the world
population, focusing on women’s rights. Amongst other points, the UNFPA noted that inadequate response
to conflict and natural disaster accounts for the majority of infant and maternal deaths around the world.
CBC News has published a list of the five most effective ways for individuals to help fight the effects of
climate change. Amongst the suggestions listed are eating less red meat and using electrical appliances
more sparingly
Clauses acknowledging the importance of sustainable individual consumption have been added to the draft
COP21 agreement. India, whose leaders proposed the clauses, had criticized the developed countries for
adopting “extravagant” lifestyles that exacerbate climate change.
Over half of Australians are against further population growth, according to a recent survey. More than
half of the survey respondents said they believe their country is “full”, while two thirds believe Australia’s
population should not exceed 30 million. It currently stands at 24 million and is rising rapidly.
New measures implemented by the Chinese government to curb population growth in Shanghai have been
effective, according to newly-released government data. The number of permanent residents surged from
16 million in 2000 to 24 million in 2014, but for 2015 – 2020 an increase of just 740,000 is forecast.
14. FROM NCEE
Meet your students where they are by using technology
Check out engaging simulations, games, videos and other interactive resources all about money.
Become a Secret Agent
Experience Gen i Revolution, a free online personal finance game where students assume the role of a
secret agent assigned to solve a variety of financial problems to defeat the "Murktide" of financial
confusion that is spreading across the country.
Let's Play.
15. FROM MANNKAL FOUNDATION
Australia's Property Rights - How do we Compare?
The International Property Rights Index of 2015 shows that Australia ranks #12 out of 129 countries. Find
out why we are ranked 12th and which countries
rank above us HERE.
The Dawn of a New Era for Interest Rates
Are lower global interest rates something more than a
temporary, albeit prolonged, post-crisis phenomenon or are
they likely to be a permanent feature of the economic
landscape?
Find out HERE.
Why China's Market Fell So Much
"The Shanghai market fell nearly 7 per cent yesterday on the first trading day
of the year, its worst day since the height of last summer's market crash.
The sell-off triggered circuit-breakers on their first day in effect, shutting down
the market in the early afternoon." To find out why China's market fell and
how this is affecting other countries read more HERE.
A Wake Up Call for Big Businesses
"In the opening months of this year, the Australian Competition and Consumer Commission will be
deploying a taskforce to contact large companies and government organisations seeking to examine their
contracting practices.
My guess is that most of Australia's top 500 companies and vast areas of the public service will have
contracts in breach of the new unfair contracts act. They have until November 2016 to rewrite hundreds of
thousands of 'unfair' contracts and change the way they do business in large areas of their operation."
Click HERE to read more.
Doug Cave
QETA Secretary/Treasurer
[email protected]
http://www.qeta.com.au
If you wish to unsubscribe from this newsletter, send an email to [email protected] with “unsubscribe” in
the subject line.
If you know of others who would like to subscribe, have them send an email to [email protected] with
“subscribe” in the subject line. To subscribe, they or their school must be a member of QETA.