Welcome to the ETS Website.

The emphasis of this website is to provide resources for teachers and students of Economics in South Australia.

Are you a current member of the Economics Teachers' Society?

Follow the highlighted link to download a membership application.

Index

Introduction to Economics Markets Economagic Graphs
SSABSA Publications New South Wales Board of Studies Whole Year Revision Booklet
The Economist Magazine BizEd Gross Domestic Product
Cost Benefit Analysis Unemployment Supply & Demand
Elasticity Market Forms Examinations
Money & Banking - RBA The AS - AD Model Trade & the WTO
Crosswords - Core Syllabus Development Economics Development - Multiple Choice
Development - Jumbled Sentences Global Education Centre

Index

Links to Related Websites
A wide range of links appropriate for secondary students of Economics

Resources
A range of files suitable for Year 11 and 12 Economics and I.B. Economics

Teachers : if you have any resources to share email them to Michael Jarrett at home. I'll up-load them on to this website.

Submissions should be in Microsoft Word 6. Although I am a "Mac" man at heart, the use of Microsoft Windows is a clear example of a "pareto optimal" result in the software market.
I bow to the power of the Bill Gates.

Visit the Gates Foundation to see what Bill and his wife Melinda are doing with their money.

Resources


New Commonwealth Bank Website
Dollars and Sense - This is a site about real money issues and the skills you need to realise your life!

A great resource! - comprehensive too! - with clear links to Year 10 Commerce, Economics and Accounting and Business Mathematics.

This poster was distributed to teachers at the 2001 Annual Conference.
Print a colour copy on A3 for your classroom.

The Economist Magazine

Research Tools - Economics A - Z A comprehensive dictionary of economic terms from The Economist

BizEd

A comprehensive service for students and educators on business and economics related subjects.

Markets

Follow this link to view a Powerpoint presentation given by University of Adelaide microeconomics lecturer
Dr. John Whitley at the ETS professional development meeting, held at Eynesbury College on 27th March 2001.

This excellent presentation covers issues in a range of markets in Australia; in particular the water and petrol markets. The presentation provides valuable examples for Economics teachers attempting to explain the impact of deregulation on the Australian economy. The ETS thanks Dr. Whitley for his thought provoking discussion.

Economagic Graphs

Economics teachers: Follow this link to download a range of graphs suitable for overhead transparencies.
The source of these graphs is economagic.com
A brilliant resource, most of the data is on the USA, but if you go to the bottom of the page, you will find a link to Australian economic data that can be easily down loaded.
from Bernadetta Chaustowski

SSABSA

Follow this link to SSABSA

New South Wales Board of Studies

Follow this link to New South Wales Board of Studies - past examinations in Economics
Follow this link to Online Multiple Choice : Board of Studies NSW : Online MCQ
You can test yourself on the multiple-choice components of the following HSC examinations or School Certificate tests ... See our list of frequently asked questions ...

Introduction to Economics

Follow this link to view class notes on an "Introduction to Economics"
Follow this link to view a test on "Introduction to Economics"
Follow this link to view a "Issues Study - City Builders - The Economic Problem and Economic Systems" from Matthew Noble - St. Domenic's Priory School
Follow this link to access Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations - from BiblioMania
Follow this link to access portraits and photographs of famous economists - from Duke University - USA

Economic Thinkers

Follow this link to view class notes on Thomas Hobbes
Follow this link to view class notes on Thomas Malthus
Follow this link to view class notes on Voltaire
Follow this link to view class notes on John Stuart Mill
Follow this link to view class notes on Karl Marx
Follow this link to view class notes on Mao Ze Dong
Follow this link to view class notes on Deng Xiao Ping

Planned Economies

Follow this link to view class notes on Joseph Stalin

Gross Domestic Product and the Circular Flow

Follow this link to view class notes on measuring Gross Domestic Product
Follow this link to view a test on the "four sector The Circular Flow" from Maria Urbano of St. Aloysius College
Follow this link to read an article on the income multiplier and the impact of tourism on Vietnam's economy: The Income Multiplier"
Class Exercise on GDP and the GST GDP and the GST

Worksheet on GDP, GNP and NNP

Redefining Progress
In 1995, Clifford Cobb and two colleagues from the California think tank Redefining Progress wrote an eloquent critique of the Gross Domestic Product. The article, which appeared as a cover story for the Atlantic Monthly, explained how this outmoded measure of economic growth is itself crippling progress. It went on to introduce Cobb’s Genuine Progress Indicator (GPI), a new way of measuring the health of the economy that includes previously ignored costs like pollution and benefits like volunteer work. Since the GPI was first introduced, Redefining Progress has published regular audits of the US economy, and similar audits have been adopted in other countries.

Earth Policy Institute
The Washington Post called Lester Brown "one of the world's most influential thinkers." The Telegraph of Calcutta refers to him as "the guru of the environmental movement."

Gross National Happiness
Measuring policy success as an increase in wellbeing
by Nadia Mustafa - TIME Magazine

When Jigme Singye Wangchuck was crowned king of the Himalayan nation of Bhutan in 1972, he declared he was more concerned with Gross National Happiness than with Gross Domestic Product.
Bhutan’s GDP is a mere $2.7 billion, but Wangchuck still maintains that economic growth does not necessarily lead to contentment, and instead focuses on the four pillars of GNH: economic self-reliance, a pristine environment, the preservation and promotion of Bhutan’s culture, and good governance in the form of a democracy.

Gross National Happiness - A set of discussion papers
Edited by Sonam Kinga, Karma Galay, Phuntsho Rapten and Adam Pain.
The Centre for Bhutan Studies, Thimphu, Bhutan - April 1999

Agriculture

The Cost of Food is Rising across the World - article from the BBC
Thailand calls for a rice cartel - article from the BBC

China

Sectors of China's Economy - article from the Economist
China's infrastructure splurge - article from the Economist
China's One Child Policy - article from the BBC
Facing Up to China's Syndrome - article from The Age
Calculating Income Inequality and the Gini Coefficient, with an article on income inequality in China from Xinhua
Reassessing Gross Domestic Product China plans to set up green GDP system in 3-5 years - (Xinhua) - Updated: 2004-03-12 14:46

Cost Benefit Analysis

Readings on Cost Benefit Analysis

The first article is on water flows in the Murray - Darling catchment. The second is aimed at I.B. level students, and includes graphical analysis.
The issues raised can be adopted to PES Economics level easily.

Follow this link to see a video of the last Tasmanian tiger (or thylacine) alive. The last thylacine died in 1933.

Difficulties of Economic Management

Fill in the blanks essay on The Difficulties of Economic Management

India

Overview of India's economy 1950 - 1999 - article from the BBC
Economic Growth and Income Inequality in India - article from the BBC
India needs to tackle rigid labour laws to reach its full growth potential - article from the Economist

Indicators

Economics Indicators and the Business Cycle - student notes
Fill in the blanks Essay Economics Indicators and the Business Cycle - based on SSABSA Economics Exam Q.99 1999
Follow this link to view a test on Test Yr 11 Economics Indicators -
Cartoon from the Financial Review - 21st April 2001 highlighting the problems associated with economic indicators

Unemployment

Follow this link to view a homework exercise on Characteristics of the Labour Force - based on data taken from the ABS Australia Year Book 2004

Follow this link to view a "slide show" "The Macroeconomic Objective of Full Employment" - new resource

Follow this link to view a homework exercise on drawing a Lorenz curve and estimating a Gini coefficient - Measures of Income Inequality

Supply and Demand

Follow this link to view a series of resources dealing with Supply and Demand

Elasticity

Follow this link to view a "slide show" "Elasticity of Supply and Demand" - new resource
Follow this link to view a homework exercise on price elasticity of demand
Follow this link to view a homework exercise on elasticity - revenue lost and gained

Market Forms

Follow this link to view a "slide show" "Market Forms" - new resource
Follow this link to read about the major players in the world chocolate market
Follow this link to view a Year 11 level student work sheet for a visit to the Adelaide Central Market
Follow this link to view a 30 Multiple Choice Questions on Market Forms prepared by Jon Inge St. Peter's College.
Follow this link to view an interactive quiz on Market Forms
Year 12 Market Forms Revision - refers to Chief Examiners' reports.
Year 12 Market Forms Test

The Economy of A Prisoner Of War Camp

Follow this link to read an abridged version of R.A. Radford's classic article The Economy of A Prisoner Of War Camp, published in Econometrica, Volume 12. 1945.

Year 11 Mid Year Exams

Follow this link to access a range of Year 11 Exams
Examination 1
Examination 2
Examination 3
Examination 4
Examination 5
Examination 6
Examination 7

Year 12 Mid Year Exams

Follow this link to access a range of Year 12 Exams
Examination 1
Examination 2 - Marden Year 12 Mid Year Examination
Examination 3

The Work Place Relations Act - 1996

Follow this link for a summary of the Workplace Relations Act, prepared by Bernadetta Chaustowski, Marden Senior College.

Australia's Federal Budget

Follow this to Federal Government's Department of Treasury

Reserve Bank of Australia

The Chart Pack is an excellent overview of economic conditions in Australia.

The sets of graphs summarise macroeconomic and financial market trends in Australia and provide some information about developments for our main trading partners. They are designed to provide an up-to-date overview of these developments for a diverse range of users of RBA information. The graphs are updated monthly.

The Semi-Annual Statement on Monetary Policy is required reading for those who want to understand the reasoning behind changes in interest rates in Australia. A comprehensive analysis of the state of Australia's economy, with detailed international comparisons of all major macroeconomic indicators.

International comparative statistics are also available. Comparative statistics on consumer prices, unemployment and GDP growth for the United States, Japan, the Euro area, Germany, South Korea, Taiwan, Hong Kong, New Zealand and Singapore.

Click on the RBA logo to access their homepage

Aggregate Supply and Demand

Think Economics - Aggregate Supply and Demand
An outstanding website with interactive AS-AD questions that can check your understanding of this essential model.
Shifts of and Movements along the Aggregate Supply Curve
Fill in the blanks. Teachers - this is a "beta" copy - please email me with any corrections. As a teacher, I thrive on criticism and rejection, so don't be reticent.
Aggregate Supply and Demand - An interactive quiz on ASAD.
Unemployment has many causes and a range of policy solutions Fill in the blanks essay based on SSABSA Q20 2004 Exam
AS - AD Multiple Choice Questions from SSABSA examinations.

Macroeconomic Goals and AS-AD

This test on macroeconomic goals and AS-AD contains one question more suitable for I.B. Economics, but the remainder of the questions are appropriate for Year 12 PES Economics.
This test was written by Allan Wilkins of Pembroke School.
Test Macroeconomic Objectives and Their Measurement - emphasis on AS-AD

Trade

Follow this link to view a series of resources dealing with International Trade in 2000 students can analyse trade data using the excel copyright-free files available here.
WTO Homepage
Multinationals

Vietnam

Vietnam joins the WTO - article from the BBC Challenges for Vietnam's economy

The Economist Magazine

Follow this link to view a series of links to the Economist Magazine

Alan Greenspan

Follow this link to the Federal Reserve of the USA.

Global Education

Click on the image to go to the Global Education Centre website.
Essential resources on development issues.

Chinese Glossary

Follow this link to view a glossary of Chinese and English business terms. I've been developing this with some of my students.

Humour

Follow this link for a humourous comparison of capitalism, as it is practised in a number of countries.

Crosswords - Core

Crossword 1 Focus: Introduction to Economics Crossword 1 - Print version
Crossword 2 Focus: Market Forms Crossword 2 - Print version
Crossword 3 Focus: Unemployment Crossword 3 - Print version
Crossword 4 Focus: Balance of Payments Crossword 4 - Print version

Development Economics

Follow this link to view a test on Economic Development prepared by Matthew Noble, St. Dominic's Priory School
Follow this link to view a series of resources dealing with Economic Development

History and Economics Multiple Choice Questions

Follow this link to a comprehensive range of multiple choice questions Regents Prep

I.B. Glossary

Economics Glossary I.B. Students create their own glossary of key economic terms and concepts. PES Economics teachers can edit the list for the SSABSA syllabus. Encourage students to add to the list given.
from Leon Kandelaars of Chinese International School, Hong Kong

Economic Dictionary

Follow this link to access a dictionary of Economic terms

Revision Questions

Follow this link to view a comprehensive collection of revision questions, put together from a variety of sources, that cover the Core Questions of the Stage II Syllabus Stage 2 Economics Syllabus Statement.
This document is Microsoft Word.
Follow this link to play Jeopardy, a revision exercise from Jon Inge.