Economics HSC Topics 1- 4
Economics News
Teacher notes.
Economics News
Rationale
In this ‘laptops for learning’ lesson, students are required to listen to a news broadcast
over the internet and use their Economics knowledge to answer the worksheet
questions in relation to global economic conditions.
Quality Teaching Target Areas
Significance
Outcomes
H4
H5
analyses the impact of global markets on the Australian and global economies
discusses policy options for dealing with problems and issues in contemporary and
hypothetical contexts
Information Communication Technologies (ICT)
How can the students use their laptops to meet this ICT outcome in Economics?

Locate specific and useful data on the internet

Complete a worksheet in a word processor document and store for effective retrieval
Background Information about the lesson
This lesson can be taught in the context of contemporary global economic issues and management
in the HSC course. This can be done during any topic. This lesson would take about 20 minutes
and could be set for homework.
Resources
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Laptop
Economics Textbook
ABC PM website: http://www.abc.net.au/pm/content/2010/s2830474.htm
worksheet
© Commonwealth of Australia 2009
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Lesson Plan:
Sources and Effects of Economic Growth
Learn to and
Learn about

examine the
effects of
globalisation
on economic
growth and
the quality of
life, levels of
unemployme
nt, rates of
inflation and
external
stability

assess the
impact of
recent
changes in
the global
economy on
Australia’s
trade and
financial flows

assess the
key problems
and issues
facing the
Australian
economy.

apply
economic
theory to
explain how a
government
could address
an economic
problem or
issue in
hypothetical
situations
Teaching & Learning Strategies
ICT & QTF
Review of previous learning (5 mins)
Class discussion of the state of the global economy
including Australia
PM program activity (10 mins)
Students listen to the broadcast on the PM Program on
ABC radio 25.2.2010 entitled Northern Hemisphere in
the doldrums, Australia going gangbusters; then
complete the worksheet questions.
Conclusion (5 mins)

Class discussion of program in relation to the
current state of the economy
© Commonwealth of Australia 2009
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Yr 12 Economics worksheet
Listen to the broadcast on the PM Program on ABC radio 25.2.2010 entitled Northern Hemisphere
in the doldrums, Australia going gangbusters. Then complete the following questions:
(if you have problems with the link, go to www.abc.net.au/pm and search the archives).
1. What level is the cash rate being kept at in the USA?
2. What was the theme of the protest in Greece?
3. Identify the main economic issues confronting the Greek economy.
4. Describe the employment and unemployment situation in the USA. What are the long term
implications of this?
5. What are the projected unemployment and economic growth rates in the USA by the end of
2012?
6. Outline the state of business spending at the end of 2009 in Australia.
7. What does the speaker from Macquarie Bank see as the policy implications for Australian
economic growth in the coming years?
8. Explain why Australia’s economic prospects are much more positive than those of northern
hemisphere countries such as Greece and the USA.
© Commonwealth of Australia 2009
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