The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her...

43
The EBE Journal JOURNAL OF THE ECONOMICS AND BUSINESS EUCATORS NEW SOUTH WALES 2009, No 1 BY SUBSCRIPTION REGISTRATION NBY AUSTRALIAN POST PUBLICATION NUMBER NBP 1944

Transcript of The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her...

Page 1: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

The EBE Journal JOURNAL OF THE ECONOMICS AND BUSINESS EUCATORS NEW SOUTH WALES

2009, No 1

BY SUBSCRIPTION REGISTRATION NBY AUSTRALIAN POST PUBLICATION NUMBER NBP 1944

Page 2: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

 the ebe journal 

JOURNAL OF THE ECONOMICS AND BUSINESS EDUCATORS

NEW SOUTH WALES

2009, Journal 1 Contents  

 President’s message  

 

 President’s Report to the 2008 Annual General Meeting   Premier’s ABN AMRO Business Studies, Economics Scholarship Jennifer Harding   A non legal mechanism for women Women’s Legal Services Joe Alvaro  

 

4  

 8    

17 

 Internet Website Activity Joe Alvaro  

  

22 

 Lesson Plan – Year 11 Business Studies P Manocchio  

 

27 

 The Importance of Financial Literacy Anne Layman 

 

 29 

Year 9 Commerce Assessment 

Gavin Russell 

 31 

 

36 

please note 

Contributors  are  reminded that papers submitted to the Editor should be supplied as hard copy as well as on disk or by email.  Hard  copies  must  be  laser quality  print‐outs,  double spaced and preferably on A4 paper. Please ensure that all graphics  (tables,  diagrams, illustrations,  etc.)  included in  the paper  are of  suitable quality for reproduction.  The  disk  copy  should  be provided,  preferably  in Word  format, or  saved  as a text  file.  If  the  file  includes graphics  (tables,  diagrams, illustrations, etc.) created  in another  application,  please also  supply  disk  copies  of the original graphics files.   

Business Education in Australia’s curriculum 

Business Educators Australasia Inc. 

 

Page 3: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 1

PRESIDENT: Ms Lyn Kirkby

VICE PRESIDENTS: Mr Michael Horsley Ms Anne Layman

TREASURER:

Mr Andrew Skehan

COMPANY SECRETARY: Ms Bronwyn Hession

DIRECTORS: Mr Joe Alvaro Ms Kate Kelly

Mr Phil Manocchio Mr Gavin Russell

Ms Pauline Sheppard Lisa Spaccavento

Ms Rhonda Thompson Ms Christine Kassar Williams

PUBLISHED BY:

Economics & Business Educators NSW ABN 29 002 677 750

ISSN 1488-3696

PO Box 67 Leichhardt NSW 2040

Phone: (02) 9564 5007 Fax: (02) 9564 5309 Mobile: 0411 118284

Email: [email protected] Website: www.ebe.nsw.edu.au

“THE EBE JOURNAL” / “ECONOMICS” is indexed APAIS: Australian Public Affairs Information Service produced by the National Library of Australia in both online and CD-ROM format.

Access to APAIS is now available via database subscription from: RMIT Publishing / INFORMIT – PO Box 12058 A ‘Beckett Street, Melbourne 8006; Tel. (03) 99258100; http://www,rmitpublishing.com.au; email: [email protected].

The phone for APAIS information is (02) 626 1650; the phone for printed APAIS is (02) 626 1560,

Information about APAIS is also available via the National Library web site at: http//www.nia.gov.a/apais/index.html.

The ISSN assigned to EBE Journal is 1834-1780.

The views expressed in these articles are not necessarily those of the editor or the association. All articles published are done so in good faith and without prejudice.

All contributions are received in good faith by the editor as original contributions of authors, and to the knowledge of the editor there has been no breach of copyright by the publication of any articles, diagrams or figures in the magazine. If due to the failure of an author to correctly inform that his/her work is not an original work and there is a breach of copyright, the editors, having no prior knowledge, cannot accept responsibility.

Any books recommended by any authors of articles and Internet sites in this Journal are not the recommendations of the Economics & Business Educators NSW.

Page 4: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 2

 

  President’s Message 

 President’s message  

elcome  to  the  new  academic  year. EBENSW  begins  the  year  with  some changes  to our Board.  I have  taken on 

the  challenge  of  the  President’s  role  this  year after Bronwyn Hession  led with such energy and dedication  over  the  past  two  years.  It  goes without  saying  that  EBE  is  indebted  to Bronwyn for her work  in  the President’s  role, but she has not significantly  reduced her workload  taking on the role of Company Secretary this year and again coordinating  our  Annual  Conference  coming  up on  the 13th of March.  Joining  the Executive  this year  is  Anne  Layman  from MLC  School  as  Vice President  and  Andrew  Skehan  from  Granville South High School as Treasurer. Dr Mike Horsley, Associate Professor at UWS, returns to the Board also taking on a Vice Presidential role. 

We also welcome three new Directors. Kate Kelly, Lecturer in HSIE and the University of Sydney, Phil Manocchio,  Coordinator  of  Social  Sciences  at Moriah  College  and  Lisa  Spaccavento,  Head  of Social Sciences at Sceggs Darlinghurst have joined the  Board  and  we  warmly  welcome  them  and thank  them  in  advance  for  all  they  will  do  to support  professional  learning  in  Economics, Business Studies, Legal Studies and Commerce  in NSW. We also welcome the return of Joe Alvaro, Chris Kassar, Gavin Russell, Pauline Shepperd and Rhonda  Thompson  to  the  Board  for  2009. Annette Davies and Alan Hearle continue to offer tireless support  in the office, and we thank them also for their efforts.  

You may see two names missing  from the Board in 2009. EBE is grateful to John Nairn for his years of  service  to  EBE.  In  the  role of  Treasurer,  John 

oversaw  the  growth  in  EBE  funds,  worked  on conferences  and  publications  and managed  our requirements under ASIC with a watchful eye. We are  appreciative  of  his  efforts,  still  continuing despite  his  retirement  from  the  Board. We  also celebrate the achievements of Betsy Harvey who has  worked  for  many  years  with  EBE.  Her organisation  of  publishers  for  conferences  and contributions  to  our  publications  are  of  special note and we wish her well. 

Despite  their  retirement  from  the  Board,  John and Betsy have been working on the updated Red Book  for  Economics,  to  be  available  around  the middle  of  the  year.  The  book  contains  newly written  multiple  choice,  short  answer  and extended  response  questions  with  suggested answers.  Sample  pages  will  be  available  at  the Annual Conference. The Yellow Book of Business Terms  is  still  available  and  is  widely  used throughout NSW  by  teachers  and  students who need to clarify their knowledge of terminology in the NSW Syllabus context. 2009 Trial Exam papers will be available during Term 2. Order  forms will be available through the office, the website or at our events this year. 

Our events this year are set against a backdrop of changes. We are, of  course, all  coming  to  terms with  the  Global  Financial  Crisis  and  how  this impacts on up personally and in our teaching. The developments  around  the  national  curriculum continue  to  provide  food  for  thought  and challenges  for  us  in  staying  up  to  date  with proposals  and  understanding  how  they  might impact on  teaching and  learning  in our  subjects. EBE  has  been  involved  in  the  development  of  a position  paper  by  Business  Educators  of 

Page 5: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 3

Australasia  (BEA)  around  the  importance  of education in Economics and Business Studies and its  inclusion  in the national curriculum. A copy of this  paper  is  published  in  this  journal  for  your interest.  Changes  to  examinations  and assessments  are occurring  through  the Board of Studies  in  NSW  and  again  provide  us  with challenges. It will be critical for us to keep up with these  changes  through  the  Board’s website  and attendance at conferences and workshops.  

So what is our program of conferences for 2009?   

The  Year  began  with  the  Beginning  Teachers Professional Development Workshop, where EBE Directors provide support to early career teachers in accreditation and content for our subjects. The Annual Conference  is heading  south  this year  to be held at Tradies  in Gymea on March 13th. The conference  will  run  an  AGQTP  funded  financial literacy stream. For the first time, this stream has a  K‐10  scope,  providing  support  across  both Primary  and  Secondary  schools.  We  are  again working  with  the  Geography  Teachers’ Association  of  NSW  (GTA)  to  bring  together  a Leadership Conference  for Heads of HSIE. This  is one of our peak events for the year. It will be held on  May  19th  at  Monte  Sant’  Angelo  Mercy College  in  North  Sydney.  The  last  leadership conference  we  ran  together  was  a  sell  out,  so book  early.  Our  successful  Economics  Teachers Conference from 2008 will be repeated this year on  the  19th  of  June  at NSW  Parliament House. We will again offer support to teachers delivering HSC courses for the first time in Business Studies, Legal  Studies  and  Economics  through  our 

Teaching Year 12 For the First Time workshop to be  held  later  in  the  year  at  All  Saints  Catholic College,  Casula.  As  we  endeavour  to  meet  the needs of as many of our members as possible, we spread  the  locations  of  our  conferences  around Sydney.  Our  capacity  to  deliver  PD  in  rural locations will  be  limited  this  year  as we  do  not have access to AGQTP funding for this purpose.  

Please watch the website for updates on each of these  courses.  They  have  been  registered  with the  NSW  Institute  of  Teachers  and  therefore contribute  to  Institute  Endorsed  hours  for teachers who are maintaining their accreditation at Professional Competence. 

Also on my list of reminders for members is PYOE. The  closing  date  (TBC)  for  2009  is  Friday  28th September.  Queries  can  be  addressed  through our website to Gavin Russell, who is coordinating the competition on behalf of EBE for 2009.  

EBE  will  continue  to  do  our  best  to  keep  you informed.  We  regularly  receive  requests  for feedback on issues around the national agenda as well  as  changes  in  NSW,  so  we  encourage  our members  to  provide  feedback  on  issues  of concern to them through our website. 

All  the best  to all of our members  for 2009. We look  forward  to  seeing  you  at  our  events throughout the year. 

Lyn Kirkby 

President. 

 

Page 6: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 4

 

report  Presidents Report to 2008 AGM 

President’s Report to the 2008 Annual General Meeting  Bronwyn Hession   

t  is  my  pleasure  to  present  the  annual report for 2008 and as it is my last report as  President  I  have  taken  the  liberty  in 

this  report  of  not  only  affirming  and celebrating  the  successes  of  the  year,  but also  identifying  some of  the  challenges  that lay ahead and objectives  that  remain yet  to be achieved. 

Overall  2008  has  proved  to  be  another positive  and  successful  year  for  EBE  NSW. The  new  initiatives  and  ‘ways  of  doing business’  that  have  been  overhauled  in recent  times continue  to bear  fruit, and  the financial  and  membership  base  of  the association  is  the  strongest  it  has  been  for some  time.  Nevertheless  we  must  not become complacent. 

The EBE office move, and with  it the archive and  information management project  led by our enthusiastic and generous Secretary Gae York sees us in a more modest space which is now  thanks  to  Annette  Davies  and  Alan Hearle operating smoothly. This has reduced our  office  rent  by more  than  half  and  will save us $2700 annually. 

Our  professional  development  activities program  continued  to be well  supported by members  in metropolitan and regional areas and  our  objective  to  do  less  and  focus  on quality  has  been  achieved.  This  program  is reliant  on  the  efforts  of  individual  Board 

members  who  work  in  pairs  and  teams  to organise  and  run  the  events  and  I  wish  to recognise  the  efforts  of  all  Board members who  have  given  their  valuable  time  and expertise  to  make  these  events  happen. Meeting  the  needs  of  new  teachers  and teachers  in more  remote areas continues  to be  an  important  part  of what we  together can do. 

The quality of our programs continue to be a strength and event evaluations  indicate  that the  blend  of  subject  matter,  pedagogy, current  developments  and  sharing professional  practice  that  make  up  our programs continues to hit the  

spot.  Particular  mention  here  needs  to  be made to the programs offered in Wagga and on  the  north  coast  and  John  Nairn’s invaluable  role  in  presenting  and  organising these  events.  Appreciation must  also  go  to Betsy  Harvey  for  coordination  of  our relationships  with  publishers  for  the conferences  and  for  her  overall  generous support of the program... 

The AGQTP Lesson Study project led by Anne Layman  and  facilitated  by  Professor  Susan Groundwater  Smith  was  a  success  which forged  new  directions  for  EBE  NSW.  The project  outcomes  were  substantial. Individual project participants  indicated  that they  valued  their  own  professional  learning and  the  sharing  of  practice  and  two 

Page 7: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 5

participating  schools  have  adopted  Lesson Study  as  a  whole  school  approach  to professional  learning. The project report and special  edition  of  the  EBE  journal  are impressive and comprehensive records of the initiative  and  are  being  sought  after  by  a number  of  professionals  outside  EBE. Successful  projects  don’t  just  happen.  They are  hard  work  and  the  reporting  and accountability  requirements  are  substantial. Congratulations  to  all  who  took  part  and especially Anne for her leadership. 

Membership  levels  are  indeed  healthy  in 2008.  The  policy  decision  to  vary  the professional  development  pricing  structure and  subsidise  the  participation  of members has  been  the  main  driver  for  growth  in membership.  Individual  memberships  grew by more  than 70% between 2007  and 2008 and current  total membership  stand at 401. This  has  been  a  significant  achievement  in 2008. 

The Yellow Book of Business Terms continues to generate a significant  income stream and John Nairn’s efforts and vision here need  to be recognised. This resource continues to be popular and it is a valuable case study in how the association can meet a very specific need that  is not being met  in  any other way  and provide  income at  the same  time. Hopefully 2009 will see the launch of the Red Book and a similar story can be told this time next year. 

As  Vice  president,  Lyn  Kirkby  has  helped shape  most  activities  and  has  once  again managed  the  successful  Trial  HSC  initiative. Like  the  Yellow  Book  the  trials  are  a  cost effective means of raising income and thanks go to Lyn and those who contributed. 

The EBE  journal edited by Anne Layman and the  EBE  website  managed  by  Rhonda 

Thompson continue to be important vehicles for  sustaining  our  public  presence  and providing  valuable  information. The website in  particular  will  prove  to  be  increasingly valuable  as  the  EBE  Board  continues  to explore cost effective and secure options for online  administration  and  management systems. The EBE blog on  the current global financial  crisis  must  be  just  around  the corner. 

Our links with Business Educators Australasia (BEA) continue  to be  important and  in 2008 BEA,  with  thirty  three  other  national associations,  signed  a  Memorandum  of Understanding with Teaching Australia. How this MOU  is played out  in the context of the Federal Government’s vigorous and targeted education  policy  remains  to  be  seen  but  it may  impact on  state organisations  including EBE.  BEA  has  also  supported  national initiatives for strengthening the place of Asia in  the  curriculum  and  as  an  affiliate association EBE was part of this as well. The Plan  Your  Own  Enterprise  Competition  is another  joint project with BEA and the 2008 competition saw success for a NSW student. Sincere thanks go to the EBE Board members who managed  the  competition  in  2008  and to  Annette  and  Alan  for  the  competition administration. 

Advocacy  for  our  members  and  for  the subjects  EBE  covers  is  an  important  part  of our role.  In 2008 EBE corresponded with the new  Rudd  government,  the  new  National Curriculum  Board,  the  NSW  Minister  for Education  and  the  NSW  Board  of  Studies.  The  impetus  for  the  correspondence  largely reflected  new  directions  in  national curriculum and assessment and  the  revision of  NSW  curriculum  including  Legal  Studies, Business  Studies  and  Economics.  The presentation by Lindsay Swan, Inspector HSIE 

Page 8: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 6

to  the  EBE  Board  was  the  beginning  of  a professional conversation that has continued and  will  be  important.  It  is  worth  also mentioning  the  very  successful  Future Directions  in  Economics  forum  run  by  Lyn Kirkby and facilitated by Mike Horsley forged new  directions  again  for  EBE.  The  panel session  in  particular  was  memorable, especially  the  contribution  from  the  HSC student from Turramurra High School.  

EBE is also present in a number of other ways in the broader educational community. Many of  these  are  perhaps  not  as  visible  as  the higher  profile  events.  EBE  Board  members participate  in  range of activities  such as  the NSW  Premiers  Scholarships  panels, Commonwealth  Bank  Foundation  Financial Literacy  Grant  judging,  NSW  Institute  of Teachers  consultation  forums,  Professional Teachers’  Council  workshops  and  forums, NSW  Board  of  Studies  consultation.  Sincere thanks  to  those  Board  members  who represent EBE so well  in all  these and many more contexts. They are all  important as are our  links  with  the  sectors  and  tertiary institutions. 

The current composition of the EBE Board  is one of its strengths and this will be enhanced as we move  forward.  Pauline  Sheppard  has been  a  great  support  to  us  and will  ensure our  links  to  the  NSW  Department  of Education  and  Training.  The  outstanding practitioners on our Board  including Andrew Skehan,  Christine  Kassar,  Gavin  Russell  and Joe  Alvaro  are  a  strength  and  keep  us well grounded.  Hopefully  a  stronger  tertiary presence  in  our  Board  from  2009  will  also prove to be an asset.  

Many  challenges  await  us  on  2009  and onwards:  

• It  is  a  critical  time  for  the  teaching profession and so it is for professional associations 

• The national goals and draft national curriculum  name  Economics  as  a discipline  and  Business  as  an  across the  curriculum  perspective    ‐  what this  means  for us will be revealed in the fullness of time 

• The  NSW  Institute’s  higher  levels  of accreditation  are  now  available  and these  will  create  a  new  set  of demands and support needs for us to respond to 

• Corporate  sponsorship  opportunities remain  illusive  –  another  target perhaps for 2009? 

• New  technologies  challenge  us  to rethink  the way we  collaborate with our  members,  our  outreach  to isolated  areas,  and  our  PD  delivery modes 

• We  must  remain  data  driven  and evaluate what we  do  by  listening  to our members; we need to respond to demands  and  not  assume  we  know everything about what  is needed; we need  to  focus  on  quality  and  have high standards for what we do. 

 In 2008 the Board  farewells some  important people.   We  have  all missed  Gae  York  our secretary  and we wish  her well  in  her  new environs. Her  sense  of  industry,  capacity  to deliver  and her wonderful  sense of humour have  been  greatly  appreciated.  John  Nairn our  treasurer  is also  retiring. His generosity, insight  and  risk management  reminders will be  missed  also.  Thank  you  John  for  your contribution  in  so many ways. We will miss you very much. 

In  concluding  I  wish  to  express my  sincere thanks  to  Annette  Davies  for  not  only managing the financial side of EBE but for the many  other  things  she  does  so  selflessly. Everything that happens at EBE has Annette’s 

Page 9: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 7

imprint  on  it  and  no  one  deserves  more thanks than she. Alan Hearle too has been an added plus  for  EBE, his quiet  efficiency  and unruffled manner helping to calm the storms on many an occasion. Thank you Annette and Al  for  all  you  have  done.  Our  cost containment and efficiencies are due  to you both.  

Additional  thanks go  to our  sponsor Reckon and to the staff of PTC especially Kim Tsolakis for their ongoing support of EBE. 

And  thank  you  also  to  the  Board  for  your support both personally and professionally.  I look  forward  to our working  together  again in 2009, and  I also  look  forward  to  the new faces,  fresh  ideas  and  new  blood.  The  EBE Board has  functioned as a great  team and  I know it will continue to do so in 2009. 

Bronwyn Hession President EBE NSW 27 October 2008. 

Page 10: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 8

report  Business Studies Economics Scholarship 

Premier’s ABN AMRO Business Studies, Economics Scholarship  Innovation, Leadership and Education in the 21st Century Jennifer Harding   

his study tour aimed to strengthen the teaching  and  learning  of  innovation and  leadership,  relating  to  TAFENSW 

Business  courses,  and  better  meet  learner needs in the knowledge economy.  As quoted by the Canadian Council on Learning: 

 “At  the  same  time,  the  demands  of  the knowledge  economy  and  the transformational  nature  of  information technology mean that skill requirements will rise  rapidly and change constantly. Skills are quickly  becoming  dated  and  new  ones  are required.”  

Coincidentally,  the  “TAFE: Doing Business  in the  21st  Century”  paper  was  released  on 27th  November  2007  by  the  Managing Director  of  TAFE  NSW,  Michael  Coutts‐Trotter,  and  the  Deputy  Director‐General TAFE  and  Community  Education,  Marie Persson.  TAFE  NSW:  Doing  Business  in  the 21st  Century  includes  proposals  to  reform TAFE  so  it  continues  to  thrive  as  the  skills powerhouse for New South Wales.  

The proposals, which have been subject to a broad  consultation  process  and  feedback from TAFE staff include:  

• Delivering  training  in  a  simpler  more direct way, with more  locally customised services  to  meet  the  skill  needs  of 

individuals  and  new  and  emerging industries 

• Investing  in  TAFE  staff,  with  10,000 employees to be up‐skilled 

• Investing  in new  technologies  to provide a wider choice in how students learn and where they learn 

• Responding  faster to the changing needs of  the  workforce,  industry  and employers. 

Studies  of  leadership  in  the  Australian Vocation Education and Training (VET) sector identify that leaders need:  

• Greater  insights  and  intelligence of the leadership of organisational change 

• Increased self‐awareness  • Strategic  and  global  leadership 

capability  

1.2 Strategies  Education,  change management,  the  use  of technology  in  teaching  and  learning, economics  and  teaching  and  learning practice were other  themes explored during the  study  tour.    The  range  of  learning activities  were  employed  to  ensure  the outcomes  of  the  scholarship  had  broad application for a number of staff.  Conferences were attended,  interviews with key  education  and  business  people  in  the United  States  and United Kingdom,  visits  to various universities,  surveys  conducted,  and 

Page 11: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 9

a  lot  of  research  done.   An  innovative method  of  reporting  was  used:  see  the Innovation and Leadership Wiki at   http://innovationandleadership.pbwiki.com, with  a  wealth  of  resources  and  detailed summaries  and  podcasts  relating  to  the conferences  and other  activities,  and  at  the blog  used  for  reflections  on  the  study  tour itself, at   http://leadershipandinnovation.blogspot.com.   A  podcast  from  London,  with  Stephan Ridgway  and  Robyn  Jay  in  Sydney,  provides some further reflection of the tour, at   http://talkingvte.blogspot.com/  2. Definitions 

2.1 Leadership: what is it? 

There are many definitions of leadership, and not a definitive one.  It can be about inspiring the team, the ability "to get people to follow voluntarily,  or  the  ability  to  affect  human behaviour  so  as  to  accomplish  a  mission designated  by  the  leader.  Drucker  defined general  leadership  as  lifting  of  a  person’s vision  to  higher  sights,  the  raising  of  a person’s  performance.    Leadership  is  both strategic  and  pragmatic  and  Nigel  Paine (2007), and his “Walking the Talk” addresses the  concept  of  thriving  in  a  complex  and competitive environment.   

His  key  points  were  for  leaders  to: encourages all members of a team to deliver their  best  as  an  individual  and  as  a  team member.  

1. Make  things  happen  through  other people  

2. Build momentum quickly  3. Learn to delegate  4. Broaden  your  own  professional 

development,  especially  in  gathering intelligence  

5. Communicate as well as possible  

The diagram below may not be sophisticated or colourful, and may have too many arrows, so may be reflecting chaos theory, but this is not  necessarily  a  bad  thing.    Further investigation  is needed  ‐  is  it only applicable in certain fields, for example, do we need to be  super  cautious  in  the  area  of  public education. 

   

 

 

So  what  do  effective leaders do? 

• Raise the bar for themselves constantly  

• Self‐starters  • Recognise that everybody contributes 

to the success of the organisation  • Behave ethically  • Have a deep sense of purpose for 

their leadership  • Define inspiring standards  • Learn all the time  • Develop a tolerance for ambiguity  • Foster mutual understanding of 

problems amongst their tem  • Reinvent the way their teams operate 

and generate ideas  • Listen and learn – get input from all  • Communicate well – concisely, 

building on facts, using analogies and humour  

• Build self‐confidence  • Hate bureaucracy – an especially 

interesting point!   

Vision & Strategy 

Continuous  Improvement 

Business systems 

Operational success 

Communication 

Recruit & develop staff 

Page 12: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 10

2.2 Innovation 

Hamel (2006) defines innovation as a marked departure  from  traditional  management principles,  processes,  and  practices  or  a departure  from  customary  organisational forms  that  significantly  alters  the  way  the work of management is performed. 

Williams  (1999)  defines  innovation  as follows: 

"the  implementation  of  new  and  improved knowledge, ideas, methods, processes, tools, equipment  and  machinery,  which  leads  to new  and  better  products,  services  and processes". (p17) 

King  and  Anderson  (2002)  focus  on organisational  innovation  and  define  that  it must  have  a  tangible  product,  process  or procedure  within  an  organisation; must  be new  to  the  social  setting within which  it  is introduced;  must  be  intentional  not accidental;  must  be  aimed  at  producing  a benefit  and public in its effects.  

 3. Learning and resources 

3.1 The survey 

“Can you  teach  innovation and  leadership?” was  a  key  question  to  people  via  online survey,  verbally  and  via  the  Wiki.    The primary  finding  is  that  you  can  teach innovation and leadership, but: 

1. it is more a facilitation method 

2. participants need to want to be innovative 

3.  there  is  some  debate  as  to  whether innovation and creativity  is much  like artistic talent 

"So even  if you talk to business schools with dedicated classes on  leadership,  the  focus  is on  "studying"  leadership,  not  practicing  it. Further,  you  can  talk  to  corporations  who desperately  want  better  programs  in leadership,  and  even  though  some  spend 

significant  money  on  classes,  none  have great  results.  This  is  because,  as  critics  of Hillary  Clinton  state,  there  is  a  pretty  big difference  between watching  someone  else drive and driving yourself.    http://clarkaldrich.blogspot.com/2008/04/can‐schools‐teach‐leadership‐if‐so‐why.html 

  

3.2 Conferences 

3.2.1  Making  Innovation  Work  Marriott Financial Center New York 

http://www.conference‐board.org/conferences/conference.cfm?id=1558 

Innovation  originates with business  strategy and  culminates  in  growth:  sounds  obvious, but we often forget the link, to the detriment of implementation! 

Innovation  is  something  that  needs  the support  of  the  whole  organisation.   Rather than  say  "well  that's  not my  job"  it  is  ‐  to think  outside  the  square  and  determine better  ways  of  working.   One  of  the  most telling  points  from  this  workshop  was  that everybody  needs  to  think  about  how  they can put themselves out of a job.  This doesn't necessarily mean out of a  job,  full  stop, but out of their current job! 

Is  innovation  about  incremental  innovation, or  breakthrough  innovation?   Can we move beyond  the parameters  that are  set  for us?  Whilst  incremental  innovation  shouldn't  be looked  down  upon,  it  is  important  to  also have  breakthrough  innovation  ‐  outside  the square. 

There  is  a  need  for  collaboration:  i.e.  the TAFE NSW South Western Sydney Institute e‐learning  Implementation plan  calls  for  focus groups with  industry, staff and  learners, and that is what is really needed to come up with innovative  solutions  ‐  the  process  is  as important  as  the  solutions,  so  that  people 

Page 13: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 11

feel  trusted  and  also  feel  that  they  can honestly contribute. 

Customers want a complete experience, and we  need  to  not  only  think  of who  our  new markets  are,  but  also  about  what  type  of experience  our  customers  want.  The customer  wants  a  total  experience  ‐ something  complete.   In  terms of education and training, what might this be? 

3.2.2  National  Business  Educators Association  conference  and  ISBE  AGM  San AntonioTexas          http://www.nbea.org/conference.html 

A range of workshops and keynote speakers were  offered  at  this  conference,  ranging from  Business  Etiquette,  Photoshop,  e‐learning,  teaching  and  learning practice  and leadership. 

The  teaching  in  the Photoshop  workshop  was some  of  the  best,  most innovative ever experienced.  

 The keynote speaker, John Kasich stated that what people care about is whether you have integrity, honesty and ethics, that we need to take  personal  responsibility,  and  raise  the bar:  all  things  that  apply  to  teaching  and learning. 

The  welcome  to  the  IBSE  dinner  was astounding.  If  you're  a  business  education teacher,  and  even  if  you're  not,  see  the website  here.  Join  the  Australian  chapter  if you  can,  as  the  ISBE  conference  will  be  in Australia in 2010.  

LaDonna  Gaitlin  was  another  keynote speaker, and as a singer used  the scale as a framework.  The  points  that  resonated with me  were  –  ‘Failures  can  be  turned  into fertiliser: anything can be redeemed, so  it  is 

important  to  support  innovation  and excellent  leadership  of  teaching  and learning’. 

 

3.2.3  Universities  Continuing  Education Association Conference  

This  started  early  with the  Distance  Education Workshop,  where Gardner  Campbell  was 

spoke about  learning as playing, and making that  explicit  to  learners,  which  resonated with me.   Unless we  are  having  compelling experiences  with  online,  you  can't  design compelling  online  experiences  for  your learners.  Podcasting,  wikis  and  blogging keeps a course alive, way beyond  the actual course  time.  Experiences  make  the "containers" which are courses, much  richer (just  like travel where people make  it all the more memorable).    Some  great  sessions  on  Thursday  ‐  Donna Brazile  stated with  humour:  "you  can  go  to the Zoo and not only  see every  species, but get  the  recipes  for  them  as  well  (in  New Orleans)”.  Need to jazz or spice up things to create  a  new  vibe:  exactly  the  same  for innovation!! You need  to  stir  the pot  rather than put things off. Must be willing to engage and  inform. Only  in  this way will  things  go forward.  The  Inclusive  Leadership  workshop  was  a truly  interactive and value added affair, with great workshop  leaders. The gems  from  this were  about  going  back  to  basics,  and repeated  some  of  the  themes  that  have emerged  about  innovation  and  great leadership: 

• Perception is reality • Take risks  • Needs to be an intentional effort: get 

to know people • Need to take personal responsibility 

Page 14: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 12

The other session which really stood out was the Technology Petting Zoo ‐ this was one of those  ideas where we have had the  idea but this was  the  twist we might  be  looking  for. Great  sessions  on  retention  of  online learners and trends  in Continuing Education, and again I was struck by the similarities with TAFE  NSW.  The  key  issues  were  about needing  to  be  innovative,  provision  of electronic learning, and funding.  

3.2.4 Distance learning and development 

I attended conference on distance learning at London University, where  the emphasis was on  access,  partnerships  and  measuring impact.  Dr  Samba  Mboup  from  the  University  of South Africa spoke about Africa. Some good pedagogy  demonstrated  in  having  breakout groups,  very  short  presentations  and excellent  speakers,  with  a  good  grasp  of PowerPoint principles, e.g. 7 words x 7  lines and  a  good  use  of  pictures.  Like  all  the conferences  attended,  the  people make  all the difference in learning. 

3.2.5 JISC  

http://vle.rsc‐south‐west.ac.uk/moodle/ 

The Higher Education Council  for Funding  in England  aims  to  invest  in  the  British  higher education  sector,  to  encourage  research  in identified  strategic areas, as well as  funding support  for  innovation  in  research  into technology.  It  also  has  74  Centres  for Excellence  in  Teaching  and  Learning  (CETL), an  initiative with  two main  aims:  to  reward excellent  teaching  practice,  and  to  further invest  in  that practice so  that CETLs  funding delivers  substantial  benefits  to  students, teachers and institutions. 

The  JISC  South  West  region  conference outlined  how  mobile  learning  was  funded with  350,000  pounds  and  was  driven  by 

pedagogy  rather  than  technology.  This  is something we all need to remember.  

Lisa Gray defined both JISC and Innovation: is about introducing something new and useful.  Derek  Morrison  made  very  relevant  points about  the  need  for  support  and  the importance  of  pedagogy  and  enhancing learning.   Every  innovation program  includes e‐  learning and the aim  is to create a better learning  environment.    Tangible  benefits include  cost  savings,  resource  efficiency, student  achievement,  recruitment  and retention,  skills  and  employability  are  all improved. 

3.2.6 Gary Hamel 

Gary  Hamel  was  the  speaker  at  the Re!nventing  Management  for  the  21st Century  conference  in  Sydney  August  18th.  Some  excellent  ideas,  especially  around  the need to think completely differently: 

• Employees rate their bosses  • Outsiders help develop strategy  • Abolish title and ranks  • Give employees right to say no to any 

request   • Employees come first  • Making innovation everybody’s job  • Fully engage talents of every 

individual  

Gary Hamel’s definition of leadership is that leaders have two tasks: first to amplify human capabilities—empower, equip and encourage.  Second is to create synergy.  The key points to ensure a company scaffolds innovation: 

3.3 Professional conversations 

The people I met with provided the highest level of expertise in innovation and leadership in particular.  Some people are also utilizing successful innovative methods in the teaching and learning of innovation and leadership. 

Page 15: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 13

Professional conversations focussed on the following questions: 

What type of training is provided in the areas of innovation and leadership? 

What delivery methods for training in innovation and leadership are used? 

How does the organization itself encourage innovation and effective leadership? 

What is the role of leadership in facilitating innovation? 

How do education institutions engage industry, and how do organizations utilise educational accreditation? 

 

3.3.1 Martyn Laycock Key points: 

• Employee involvement • Need to rethink strategy • Difficulty of change ‐ need power to 

be devolved and collaboration is essential 

• Not about technology per se, but knowledge management 

• Use pilots and project management • Use teams and communities of 

practice So my message on this is that whilst Knowledge Management is largely a good thing to strive to introduce, take real care to plan it, align it strategically, communicate it well and sensitively. 

3.3.2 Stewart Smith London 

Stewart is the Director of the London Grid for Learning,  Innovation  and  Education Department and has extensive experience  in influencing  leadership  and  change management in London schools. 

1. All about people 2. Tension between standardization and 

innovation    3. What  does  good  look  like  in  your 

school?   

4.  What's  in  it  for me?  is  the question asked  on  behalf  of  teachers  for  the implementation of the major change  

5. Total  cost  of  ownership  has  been worked out 

6. Resilience  7. Change  is  inextricably  intertwined 

with the culture of the organisation.  

The  United  Kingdom  in  particular  has recognised the importance of innovation as a driving  force  for economic growth, and  that education is a pivotal part of this. Their focus is  on  university  funding  for  innovation,  but Colleges of Further Education also benefit as they often have dual programs. The efficacy of  the  model  is  unknown,  but  the conferences  I  attended  and  people  I  spoke with,  are  enthusiastic  and  have  achieved outcomes  in  line  with  the  policy.  

The schools sector  is also on the path to the integration of  ICT and progressing with  this.  All education sectors are essential to ensure innovation  is  supported,  as  it  is  a  matter more  of  attitude  and  supported  risk‐taking, than  lock  step  learning.  The  vocational education  and  training  sectors'  use  of Training Packages may be  seen as  inhibiting innovation,  rather  than supporting  it, or  the Training  Packages  can  be  used  creatively (modelling  the  very  thing  to  be  taught).  We  have  the  Workforce  Capability Development  Guarantee  for  TAFE  NSW, another step in the right direction, to ensure teachers  and  other  staff  are  skilled  to innovate  in  our  increasingly  competitive (read  global) world.  Training, per  se,  and  in the  traditional  sense,  is  not  necessarily  the answer. 

 Having  a  central  "body"  responsible  for innovation  ‐  does  this  actually  defeat  the purpose  or  rather  the  driving  rationale behind  innovation?  We  have  the  Federal government,  State  Governments,  the 

Page 16: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 14

Innovation  and  Business  Skills  Australia, various  professional  bodies,  research organisations ‐ what  is the best way forward with this?   

3.4 Research 

The  concept  of  the  study  tour  began  in reading  an  article  on  Innovation  and business, continued through reading, talking, listening and discussing all over the world. 

"Don't  say  it,  just  do  it"  Campus  Review, 5/1/08  pages  5  and  6,  sounds  like  a marketing  slogan!   Mark  Dodgson  says "Australian business schools' research on and teaching  of  innovation  has  been  nothing short of  lamentable."  Some things to  follow up  include  the  UK's  Advanced  Institute  of Management;  great  innovation  theorists; Innovation Studies Centre at Imperial College London; Australian Business Foundation. 

Benefits  of  good  innovation  teaching capacity in Australia would mean: 

1. substantially  increasing  the  relevance  of management education, 

2. moving  into  the  creation  rather  than distribution paradigm, 

3. fully  engaging  with  the  innovation agenda in business, and 

4. building research capacity. 

The  Callan,  et  al,  (2007)  NCVER  report addresses three research questions: 

1. What  are  the  current  understandings  of leadership  in  the  vocational  education and training (VET) sector, and what types of  management  and  leadership capabilities  are  required  for  the  present and the future?  

2. What  approaches  to  learning  and management  development  are  being used?  

 

3. What  is  successful and what approaches might be used more often in the future?  

 

Duggan  (2007)  is  a  good  resource  for teaching  both  Leadership  and  Innovation:  the  key  idea  is  that  strategic  intuition  is  a slow  process,  and  works  in  new situations, when  you  need  your  best  ideas. The  best way  to  describe  this  is  offered  by Duggan:  in  a  new  situation  you  have  to disconnect  the  old  dots,  to  let  new  ones connect.   

Gary  Hamel  (2007)  provided  reading  and listening  opportunities  to  research  with podcasts,  web‐based  information  and discussion as well as his latest book.  A lot of research was also done using  the Web, and my  favourite  was  ‘Management  squelches innovation’: http://www.cio.com.au/index.php?id=1013312792&rid=‐154 

Further  research  into  Leadership  and Innovation  for  the  Australian  vocational education and training sector was done, both on  the  web,  and  using  the  publications (2007) published by Dr John Mitchell.  

The key points to ensure a company scaffolds innovation: 

• Staff matter  • Knowledge needs to be shared  • People respond to being treated well 

and made to feel part of the team  • Leaders who  isolate  themselves  from 

their  staff,  insulate  themselves  from reality  

• Create  significant  presence  “This  is not a  function of being  seen around, it  is  a  function  of  listening  and engagement.” 

• Top managers  do  not  need  to  know everything  

• Keep an eye on the front line  • Be an acclaimed leader  

Page 17: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 15

3.5 Other innovations 

3.5.1 Claire van den Blink Cornell University  

The  process  of  how  Claire  and  I  ended  up presenting  about  innovation  and  leadership for  the  Australian  Flexible  Learning Framework was an excellent example of  the synergy with the learning activities the study tour  provided,  and  also  of  how  networking often  leads  to  unexpected  and  very  useful outcomes.    I  first  contacted  Claire  by  email when  I  had  signed  up  for  a  Change Management  course  at  Cornell  University, which was cancelled a few weeks before the start date.  This meant a change in plans, and we  ended  up  speaking  via  web conferencing....and  the  result  can  be  seen and heard at:    https://sas.elluminate.com/site/external/jwsdetect/playback.jnlp?psid=2008‐06‐18.1701.M.EE55C0B29908DBDA9933B43DCEB51B.vcr  

3.5.2 IBSE 

A  previous  TAFE NSW  Premier’s  scholarship holder  in  this  areas, Maria  Evans  from  the Riverina  Institute,  had  joined  with  this association,  and  now  runs  the  Australian chapter.   

The Association is for all business educators – school,  TAFE  NSW,  trainers,  and  other associations.  Join  the  AUSTRALIAN  CHAPTER  if you  can,  as  the  ISBE  conference  will  be  in Australia in 2010.  

4. Conclusion This report is really a portal for all teachers to access information as and when it is useful to them,  both  for  teaching  and  their  own professional  development.  Economic  and business imperatives have made the need to be innovative essential.   

So  is  it  possible  to  teach  people  to  be innovative?  The  general  answer  seems  to have  been  a  resounding  "not  really" response.  We  can  support  innovation  by having  a  risk‐supported  culture,  committed 

leaders,  technology  strategy  in  place,  and  a reward  system where possible,  but most  of the  people  I  spoke  with  have  commented that  it  is  only  possible  to  give  people  the framework  for  innovation  rather  than  the creative spark.   In  terms  of  innovation  for  education,  one person summed it up: "it's the way that tools are used  that's  really critical.  Just as a great teacher can give a great (face to face) lesson with next to no tools, and a poor teacher can make a mess up ... so while new technologies might  enable  a  good  teacher  to  be  really creative  (&  use  them  appropriately)  so  a poor teacher mayn't use them that well, and may  use  them  inappropriately,  thus alienating students."    Using technology for its own sake won't work but  enabling  a  culture  of  can  do  and supported risk‐taking will.  Innovation  and  leadership  is  seen  as  the  way forward for Australia.  Both are a strategic way to allow us to change for the better, at a local, State and  national  level.    As  educators,  we  need  to learn as well as teach, or ‘walk the talk’.  It is time to  reflect  on  ensuring  that  our  facilitation  of leadership  and  innovation  reflects  our  practice within  TAFE  NSW.  We  can  facilitate  learning about  innovation and  leadership and already do at TAFE.   

Being  awarded  this  scholarship  has  given  me many opportunities to  learn more about people, as  well  as  innovation  and  leadership  in  an educational  and business  context.   Please  share the  knowledge  gained  from  this  study  tour, particularly by utilising  the  tools outlined  in  the introduction  to  this  report.    Use  the  resources from  the  study  tour  as  you  need:  for  learning, teaching, facilitating, assessing.   

Take away, and add to the resources available at                               http://innovationandleadership.pbwiki.com  as you can.   The Wiki  is a way of collaborating, and growing  the  information and  resources we have available in this area of education. 

 

Page 18: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 16

References Becoming an Effective Leader (2005) Harvard Business School Press Boston: Massachusetts 

Callan, V, Mitchell, J, Clayton, B and Smith, L (2007) NCVER: http://www.ncver.edu.au/vetsystem 

Dodgson, M "Don't say it, just do it" Campus Review, 5/1/08 

Drucker, P F (2006) Classic Drucker: Harvard Business School Publishing Corporation, Boston 

Duggan, W (2007) Strategic Intuition: The Creative Spark in Human Achievement: Columbia University Press, New York 

Hamel, G (2007) The Future of Management: Harvard Business School Press: Boston, Massachusetts 

King, N and Anderson, N (2002) Managing innovation and Change: Thomson, Australia  

Mitchell, Dr J and Professor Nigel Paine (2007) New Leadership for Innovative Organisations: models, ideas and challenges: J. G Mitchell & Associates Pty Ltd 

Mitchell, J Innovation and Entrepreneurship in VET: John Mitchell and Associates 

Williams, A (1999) Creativity, Invention and Innovation: Allen and Unwin, Sydney 

Web sites are referenced at http://innovationandleadership.pbwiki.com 

Page 19: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 17

  A Non Legal Mechanism for Women 

A Non Legal Mechanism for Women  Women’s Legal Services, NSW 

Joe Alvaro All Saints Catholic Senior College, Casula, NSW

ear  11  Preliminary  Legal  Studies  students who study Focus Group No.5 (Women) are required  to  “understand  the  nature  of 

disadvantage  encountered  by women”  and  “the legal  and  non‐legal  means  adopted  to  address that disadvantage”  ( Board of Studies NSW Legal Studies Stage 6 Syllabus, p. 35).  

Some  of  the  content  in  the HSC Optional  Focus Study  No.2  –  Family  requires  students  to  deal with this type of subject matter as well. 

In Commerce, the Core Part 2.1 – Law and Society requires  students  to  learn  about  using  the  legal system, including “accessing the law” and “issues  of  fairness  in  using  the  law”  (  Board  of  studies NSW Commerce Years 7‐10 Syllabus, p.23). 

One non‐legal mechanism  that exists  in NSW  for women  is  “Women’s  Legal  Resources  Ltd.” trading as   “Women’s Legal Services NSW”  (WLS NSW). 

Vision 

The vision of  WLS is “to achieve access to justice and a  just  legal system for all women  in NSW, as all  women  have  the  right  to  live  free  from violence,  injustice,  inequality and discrimination” (WLS NSW website)    

What is it? 

WLS is a community legal centre. 

 

Where is it? 

Women needing  this service would contact  it by telephone rather than attending a physical place. The  postal  address  is  given  as  P.O.  Box  206 Lidcombe NSW 1825. 

How did it get started? 

The  service  was  started  by  a  group  of  women who were concerned that all women  in NSW did not have access to a just legal system. 

How is it funded? 

WLC NSW  is a government  funded organisation. During 2006‐2007 the main grants were received from  the  Commonwealth  Government  through the Attorney General’s Department and the NSW Government through the Legal Aid Commission of NSW (WLS NSW Annual Report, 2006‐2007,P.30). 

WLC NSW have legal practitioners who work  on a pro bono  (a Latin  term meaning “for  the good”) basis, offering their  services free of charge. 

What does it offer? 

1. Website 

The WLS  NSW website (www.womenslegalnsw.asn.au) 

offers comprehensive  information about the services that are offered by WLS NSW. 

 

2. Free telephone service  

Page 20: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 18

Women  can  call  a  solicitor  and  ask  for  advice, information and referrals to other services  in the community,  in  relation  to  all  areas  of  law including: 

- family law - domestic violence - Apprehended Violence Orders (AVOs) - sexual assault - employment  - discrimination 

 

During  2006‐2007  family  law  (including  defacto property)  was  the  area  of  law  affecting  most women  who  called  the  telephone  advice  line (Annual Report,2006‐2007,P.12). 

 

3. Free face to face meetings 

Women can book an appointment and meet face‐to‐face  with  a    solicitor  and  receive  advice, information and referrals to other services  in the community.  

This  service  is conducted at  five  locations across Western  Sydney  and  in Wyong  on  a  fortnightly basis  (identified  by WLS NSW    as  areas  in NSW  where  a  high  number  of  women  suffer disadvantage). 

 

4. Free Domestic Violence Advocacy Service 

Women  experiencing  domestic  violence  can  call this  service  for  advice  and  information.  In addition this service provides solicitors to women who need legal representation at court. 

 

5. Indigenous Women’s Program  

Aboriginal and Torres Strait  Islander Women can telephone  this  service  and  speak  with  an Aboriginal woman  to ask  for advice,  information and referrals to other services in the community. 

CASE STUDY 

WLS NSW helped an Aboriginal woman who was asked to leave a hotel because she was an Aboriginal person. 

WLS NSW provided a pro bono barrister to represent her at the NSW Anti‐Discrimination Board, where she was involved in a mediation session with the owners of the hotel. 

Outcome – The owners paid her compensation, gave her an apology and agreed to become more familiar with the discrimination laws through undertaking some training. 

(WLS NSW (Annual Report 2006‐2007, p 13) 

 

6. Family Violence Prevention Legal Services (FVPLS) 

The  aim  of  this  service  is  to  prevent  Aboriginal family  violence  in  the  towns  of  Walgett  and Bourke/Brewarrina . 

Women can telephone this service for advice and information.  In  addition  it  provides  solicitors  to women who need legal representation at court in the areas of sexual assault, domestic violence and AVOs,  victims  compensation  claims  and  family law  matters  and  undertakes  community  legal education. 

 

7. Community Legal Education 

The  staff of WLS NSW  conduct  training  sessions for members of the community in both urban and rural  locations  in NSW.  Topics  include  domestic violence, family law, wills and child protection. 

 

WLS  NSW  staff  have  been  interviewed  by newspaper  journalists  and  radio  broadcasters about  legal  issues  affecting  women  such  as  

Page 21: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 19

family  law  changes  and  domestic  violence  (WLS NSW  Annual Report 2006 – 2007, p.20). 

A  number  of  publications  are  available  for members of the community. 

The  WLC  NSW  website  makes  the  point  that these publications are written  in  “plain English”. Examples of publications include: 

Books – E.g. “Women and Family Law” 

Video  and  Booklet  –  “Go  Girl”  –  The  video  is about  domestic  violence  and  AVO  hearings.  It tells the story of two Aboriginal sisters who guide viewers through their experiences. 

Pamphlets  –  “Women’s  Legal  Services  NSW”  – This    is  a  pictorial  pamphlet  aimed  at  providing legal advice to  Indigenous   and culturally diverse women. No words are used, only pictures. “Is  this  love?”  ‐   For young Aboriginal women  in reference  to  their  relationships,  available  in Indigenous colours)  

Informational Cards – Womens Legal Advice Line Domestic  Violence  Advocacy  Indigenous Women’s Program Card 

WLC  NSW  wrote  the  NSW  State  Library’s  Hot Topic (No.56)  publication on sexual assault.  

The  pamphlets  and  informational  cards  are  free and  teachers  could order  colour  copies  for  their students  to  use  as  a  teaching  and  learning resource as well as pin them up  in the classroom for the purposes of  visual learning. 

Teachers may also  request a  staff member  from the organisation  to be  a  guest  speaker  for  their Legal Studies class ‐ phone (02) 9749 7700. 

 

8. Law reform 

WLS  NSW  participates  in  law  reform  at  both  a state  and  federal  level  using  its  clients’ experiences to “identify gender bias and inequity in the  law” (WLC NSW   website). Strategies used 

to  recommend  changes  to  the  law  and make  it fairer include:  

- written submissions to law reform inquires 

- meetings with politicians - campaigns to raise awareness about law 

reform.  

WLS NSW has contributed to law reform in the following areas: 

- family Law - sexual assault and domestic violence - Aboriginal customary law - Aboriginal women in prison - Legal Aid funding cuts 

 

How effective is the WLC in addressing the disadvantages faced by women? 

Accessibility 

One of the values of WLS NSW is “access and equity”. On the WLS NSW website 

it states that “WLS NSW will work to ensure all women have access to programs regardless of age, race, ethnic origin ,political or religious beliefs, disability or disadvantage.”  

 

Not knowing how to use the legal system can limit the effectiveness of a legal system. The WLC NSW  addresses  this  problem  and  thus  makes  the  legal  system  more  accessible  to women.  Through  the  service  women  can  gain knowledge and support on how to effectively use the  legal  system  to  address  their  disadvantages and  legal  struggles. The publications offered are in  “plain  English”  which  can  aid  women  in understanding  clearly what  their  legal  rights  are and  how  they  can  effectively  use  the  legal system. 

 

Page 22: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 20

In addition WLC NSW makes itself available to the following  groups  in  society  who  can  have particular  difficulties  in  accessing  the  legal system: 

1. Women    in  rural and  remote   areas – Non – legal mechanisms can be    limited  in rural and remote areas. WLC NSW  operates a rural free call  advice  line,  operates  the  Walgett  and Bourke/Brewarrina  Family  Violence Prevention Legal Services and offers free face to face meetings with a solicitor in Wyong. 

2. Non  –  English  speaking  women  ‐  are encouraged  to  use  the  Translating  and Interpreting  Service  (TIS)   which will  enable them  to  communicate with WLC NSW    staff via an  interpreter which speaks  their mother tongue.  Information about contact details for the  TIS  appears  in  a  number  of  languages other than English on WLS NSW website. 

CASE STUDY 

A  Cantonese  speaking  woman,  suffering  from domestic  violence,  accessed  the  WLS  NSW telephone advice line using the TIS. 

Outcome – Caller was referred onto a counsellor who  was  able  to  help  her  report  the  domestic violence to the police. 

However most of the publications offered by WLC NSW  are  only  provided  in  English,  affecting accessibility  for  non‐English  speaking women  in terms of being educated about  their  legal  rights in this way. For some women from a  non‐English speaking background reading such publications in the  privacy  of  their  own  home may  be  a more preferable way to learn about their legal rights as opposed to speaking to or going to see a stranger in  the  community,  especially  if  they  are  fearful about  others  finding  out  what  is  happening  to them (e.g. victims of domestic violence). 

3.  People who  are  deaf  or  hearing  impaired  are encouraged  to  access  the  service  using  The Telephone Typewriter (TTY) service. 

Although WLC NSW is available during the day on weekdays,  it  is not  accessible  at night or during weekends  when  women  could  be  experiencing the  disadvantages  the  service  covers  (e.g. domestic  violence).  There  is  no  link  or information  on  the WLS NSW website  about  an after  office  hours  service  like  the  7  days  a week/24 hours a day Lifeline service that women could contact when WLS NSW is not available. 

In  addition,  during  2007  resources  allocated  to the free telephone service were reduced from 4.5 days  per  week  to  4  days  per  week  and  the number of  telephone  lines were  reduced  from 4 to 3 (WLS NSW Annual Report, 2006‐2007, P.12).  

However  women  are  still  experiencing  a  high number  of  disadvantages.  For  example,  the Australian  Bureau  of  Statistics  reports  that approximately  one  in  three  Australian  women experience  physical  violence,  and  approximately one  in  five  experience  sexual  violence,  during their lifetime ( ABS, 2005). 

The services are offered  free of charge. The  face to  face  meetings    with  solicitors  and  legal representation  in  court  are  offered  at  no  cost  (legal  practitioners  offer  their  services  to  the organisation  on  a  pro  –  bono  basis),  enabling women  from  poor  socio‐economic  backgrounds to easily access the services. There are  1800 rural free call telephone numbers. 

Some of the books and the video “Go Girl” have a cost. However  some books  can be   downloaded free in PDF format from the website. 

 

 

 

 

Page 23: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 21

Resource efficiency 

The WLS  NSW  allocates  its  resources  using  the following principle: 

“Where  there  are  competing  demands  on  the resources of WLS  NSW, priority will go to women most disadvantaged in their access to justice”  

  (WLS NSW Annual Report 2006 – 2007, P.4) 

This  means  there  may  be  cases  when  some women  in  need    are  unable  to  be  assisted    by WLS NSW.  

As  mentioned  above,  resources  to  the  free telephone  advice  line  have  been  cut.  This may suggest that more government funding is needed for  WLS  NSW,  which  effectively  works    in partnership with the government to help women in NSW achieve justice.  

Governments cannot do it alone. They are more effective when they work together with non‐legal mechanisms like WLS NSW. 

Good source of information for law reform ‐In touch with the legal struggles of women 

WLC  NSW  is  in  a  good  position  to  recommend changes to the law with regards to women and to contribute to a  fairer  legal system  for women as the  organisation  deals  directly  with  women  as they    interact with  the  legal  system. WLS  NSW gathers    its    information about what changes are needed  from  women  themselves  and  their experiences. 

 

Conclusion 

WLC  NSW  is  a  specific  non‐legal  mechanism which enables Legal Studies teachers to relate the general non‐legal mechanisms of “lobby groups” 

or  “women  groups”  to  the  real  world  ,  thus addressing  the  “significance”  dimension  of  the NSW Quality  Teaching Model  (NSW Department of  Education  and  Training,  2003),  which recommends that lessons taught to teenagers are meaningful  and  important,  enabling  them  to make  connections  between  the  theory  of  a course to what happens outside in the real world. 

References 

Australian Bureau of Statistics, Personal Safety Survey, cat no. 49.6.0, Canberra, 2005 

 

Board of Studies NSW, Commerce Years 7 – 10 Syllabus, 2003 

 

Board of Studies NSW, Legal Studies Stage 6 Syllabus, 1999 

 

Women’s Legal Services NSW Website, viewed on 10 October 2008, 

www.womenslegalnsw.asn.au 

 

Women’s Legal Services NSW Annual Report, 2006 – 2007 (available on WLS NSW website) 

 

NSW Department of Education and Training (2003), Quality Teaching  in NSW Public Schools – Discussion Paper, Professional Support and Curriculum Directorate, NSW 

 

 

 

 

 

Page 24: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 22

  Internet Website Activity 

Internet Website Activity Women’s Legal Services, NSW 

Joe Alvaro All Saints Catholic Senior College, Casula, NSW  

*Visit  www.womenslegalnsw.asn.au 

 

1. Person or organization responsible for the website: 

    __________________________________________________________________________________________ 

2.  Date of viewing of the website 

    __________________________________________________________________________________________ 

3.  Create a list of legal terminology used by the website. 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

4.  Choose the correct answer: 

     Womens Legal Services NSW (WLS NSW) is a: 

a) a court b) a community legal centre c) a womans refuge d) a NSW Government Department  Answer: ____________ 

 

5.    Click on “About Us” 

        a) Who provides WLS NSW with the money to operate? 

    __________________________________________________________________________________________ 

 

Page 25: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 23

         b) Explain the purpose of WLS NSW. 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

          c) List the TEN  values which underpin the work of WLS  NSW. 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

          c) Outline how WLS NSW began. 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

6. Click on “Home”. 

    Describe the following services that are offered by WLS NSW. 

      a) Women’s Legal Resource Centre 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

      b) Indigenous Women’s Program 

     __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

      c)  Domestic Violence Advocacy Service 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

 

 

 

 

Page 26: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 24

7. Explain how WLS  NSW makes itself accessible to the following groups of women. 

    a) Women who live in rural and remote  areas 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

     b) Women from a non‐English speaking background 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

     c) Women with a hearing impairment 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

 

   8.  Click on “Law Reform”. 

        a) Explain how WLS  NSW tries to change the law for women and make the legal system fairer for   

            women. 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

         b) Identify TWO agencies of law reform who are able to change the law,that are mentioned on this page. 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

 

9. Click on “Publications”. 

      a) Choose a book that is available from WLA NSW and write down its title. 

    __________________________________________________________________________________________ 

       b) Write down a description of what the book is about. 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

Page 27: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 25

10. Click on the WLS NSW  Annual Report 2006 – 2007 – P.12 

a) Identify the most popular method by which women received legal advice from WLS  NSW                          during 2006 – 2007. 

    __________________________________________________________________________________________ 

       b) Identify the most popular area of law that women asked advice about. 

    __________________________________________________________________________________________ 

 

11.  Click on the  WLS NSW Annual Report 2006 – 2007 – P.16 

a) Define a “pro – bono service”.  

    __________________________________________________________________________________________ 

b) Explain how  a pro – bono service would  assist women to access the legal system.  

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

 

12. Click on the WLS NSW Annual Report 2006 – 2007. 

      Choose a case study from the Annual Report. 

      Fill out the following case study  report.                    

Facts:  

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

Assistance offered by WLS NSW: 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

Page 28: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 26

 

13. Evaluate the effectiveness of the WLS  NSW in addressing the disadvantages encountered by women. 

      “Evaluate” means you are required to judge the  organisation based on criteria 

      (see below). Analyse its strengths and weaknesses and how it could be improved. 

      * Criteria – Examples: 

      ‐     Equality - Accessibility (cost and knowledge) - Protection and recognition of individual rights - Resource Efficiency 

 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

   __________________________________________________________________________________________ 

    __________________________________________________________________________________________ 

    __________________________________________________________________________________________  

 

Outcome of the case: 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

_____________________________________________________________________________________ 

 

Page 29: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 27

 

  Y11 Business Studies Lesson Plan 

Lesson Plan ~ Year 11 Business Studies The function of business in creating value / benefits & adding value to all the business processes  Phil Manocchio Subject:     Yr 11 Business Studies             Class: 03                       Periods: 3 & 4 

Topic: The function of business in creating value/benefits & adding value to all the business processes (value added) 

Period Begins: 11:35pm       Ends: 1:15pm                                No of Students: 19 

 Syllabus Outcomes Addressed: • P1.1,  Describes  the  nature  of  business  and  its 

role in society. • H2.1 Analyses business functions and operations 

and their impact on business success.   Students Learn to: • Determine the value and benefit added  Students Learn About: • The  function  of  business  in  creating 

value/benefits & adding value to all the business processes (value added) 

• Coordinating the business: o Controlling the value chain o The role of management o The interdependence of business & its 

environment  Assessment for Learning: Assessment  for  learning  will  take  place  at  the conclusion of the lesson. Students will remain in their mixed  ability  group  and  given  a  task  that  reinforces their learning of the value added process.  Lesson Structure:  Step  1:  Brief  introduction  as  to  what  they  will  be doing in today’s lesson. • Theme value added process.  • Brainstorm/Diagnostic  questioning  what  the 

students already know about  the value added process.                 They must provide an example in their definition  that describes the value added process. 

 Step  2:  Assemble  students  in  mixed  ability  groups. Each group consists of 4 students. • Ask the students to tell you the ingredients they 

will be using  to make  their pancakes and how much  they  cost  individually.  They  must  also consider the weight of the ingredients. Students should bring  this  information  to class as  it was requested  for  homework  from  the  previous lesson. 

 Step 3: Each group  is  then  to move  to  their  cooking bay. • In  their  bays  they  are  to  be  told  that  this 

exercise  is  now  a  competition  and  Ms Thompson will judge which group has made the most delectable and presentable pancakes. 

• Ms Thompson will  guide  the  students  through the procedure of making pancakes. 

 Step 4: • Ms  Thompson  is  to  judge  the  winning  group. 

Students  are  then  given  time  to  eat  the pancakes and clean up their cooking bay. 

 Step 5: Evaluation/ Assessment for learning: • Discuss  with  the  students  what  they  did,  why 

they  did  it  and  why  they  decided  to  present their pancakes differently to the other groups. 

• Short Answer Task that is to be completed at the end of the  lesson or for homework and handed in  to  the  teacher  for  marking.  (refer  to  next page) 

   

Page 30: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 28

 

Assessment for Learning  

1. Describe the value added process in making pancakes? (6 marks) 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

 

2. Explain the importance of value added when operating a pancake business? 6 marks 

 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

…………………………………………………………………………………………………..………………………………………………………………… 

…………………………………………………………………………………………………..…………………………………………………………………. 

Page 31: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 29

 

  The Importance of Financial Literacy 

The Importance of Financial Literacy Anne Layman

s educators of Commerce, Business Studies and  Economics we  are  only  too  aware  of the dangers of young people not being able 

to  manage  their  finances  soundly.  There  are many  news  stories  of  woe  that  highlight  the importance  of  the  need  for  us  to  help  our students  to  heed  the  dangers  of  over commitment.  As  a  faculty  last  year we  had  the idea  of  using  a  simple  excel  spreadsheet  to illustrate what could go wrong when credit debts cannot  be  fully  paid  off  each month.  For  once that good idea was acted upon and the following activity  developed  by me with  the  assistance  of our  research  and  data  Director  of  Studies,  one lonely Parent Teacher evening when we have  to ‘hold the fort’.  

The  formulae  to  calculate monthly  compounded interest  was  used  and  the  rate  given  to  the students  to  work  with.  The  formula  used  was ((1+i/n)^P)‐1 where  i  is the nominal  interest rate expressed  as  a  decimal,  n  is  the  number  of periods  compounded,  and  P  is  the  period  for which you wish to  find the  interest. The  formula came from the website:   http://www.pcw.co.uk/personalcomputerworld/features/2162615/gathering‐interest)  

To calculate the monthly  interest charges for the final activity, the annual  interest rate was simply divided by 12. 

The  activity  commences  with  a  data interpretation exercise before the students work in  pairs  to  use  their  ICT  skills  and  to  help  each other. Because each student pays off a different amount  the  central  message  becomes  quite personal  and  the  students  can  quickly  see  the consequences  of  paying  a  small  minimum monthly amount off their credit card bills.. 

The  activity  has  proven  to  be  quite  a  powerful way  for  the students  to grasp  the  importance of being able to fully pay off their credit card bills by the  due  date  and  resulted  in  engagement  and much discussion within the class. 

Credit Card Activity: 

Michaela has a credit card bill of $1500. She can only  afford  to  pay  the  minimum  monthly repayment  of  $25.  The  interest  charged  on outstanding amounts is 18.99% per annum.  

Monthly interest rate  = 0.015825% 

In January Michaela pays $25 off her credit card, leaving  an  outstanding  balance  of  $1475. Michaela knows she is in financial difficulty so she vows not to use her credit card until she has paid off  her  debts.  The  excel  spreadsheet  shows Michaela’s  monthly  repayments  of  $25  for  the year. 

        18.99%     

Page 32: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 30

Annual interest Monthly interest  0.01015825         Owing  Paid  outstanding  interest accrued Jan  $1,500.00  $25.00  $1,475.00  $23.34 Feb  $1,498.34  $25.00  $1,473.34  $23.32 Mar  $1,496.66  $25.00  $1,471.66  $23.29 Apr  $1,494.95  $25.00  $1,469.95  $23.26 May  $1,493.21  $25.00  $1,468.21  $23.23 Jun  $1,491.44  $25.00  $1,466.44  $23.21 Jul  $1,489.65  $25.00  $1,464.65  $23.18 Aug  $1,487.83  $25.00  $1,462.83  $23.15 Sep  $1,485.98  $25.00  $1,460.98  $23.12 Oct  $1,484.10  $25.00  $1,459.10  $23.09 Nov  $1,482.19  $25.00  $1,457.19  $23.06 Dec  $1,480.25  $25.00  $1,455.25  $23.03 

 Using the table above: 

1. Calculate how much Michaela still owes on her credit card in December.. 2. Calculate how much she has paid off her debt over the 12 month period. 3. How much has she paid the bank in that time? 4. Explain how this has occurred. 

 

Your turn: 

Working in pairs‐ 

• Set up a new spreadsheet and copy and paste rows 1‐5, plus column A • row 6 to 17. • In B6 insert $1000. One of you will repay $25 each month and one of you will repay $100 per 

month. Enter this data in your spreadsheet. • In D6, enter the formula = B6‐C6. • In E6, enter the formula =D6*$B$3 • In B7, enter the formula =D6+E6 • Click on the formulas in each column one at a time, then go to Edit and Fill down. • Re‐answer the first three questions above using the new data. • Compare the results when one person pays off $25 per month and the other person pays off $100 

per month. Does it make a difference? • What financial advice would you give to a credit card holder to prevent them getting into financial 

difficulties?  

Extension work: 

Another variable: 

Store credit cards are currently charging 24% per annum, which is approximately 2% interest charged per month. 

Set up a spreadsheet similar to the one above and calculate your financial situation if you owed $1000 and could only pay back $50 per month. 

Explain how the higher interest charges affect your financial situation? 

Page 33: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 31

  

  Y9 Commerce Assessment  

 Year 9 Commerce Assessment  Gavin Russell, Moriah College

Research Assignment / Assessment Task 

Remember NOT TO COPY AND PASTE your work and always use date, source and summary for the information that you have found.   

Do not expect time to be given in lessons to complete this work 

This is an individual task and will be worth 20 marks out of 100 for the year.  You will need to hand in a report preferably word processed with all relevant research shown in the appendices. 

OUTCOMES TESTED:

Critically interpret relevant articles and data

Gather, organise and evaluate information from a variety of sources

Express informed opinions

Evaluate the quality and relevance of information

Communicate in a comprehensive manner

Applies commercial concepts to the Australian business environment.

Evaluates options for solving economic and business problems.

Evaluates the changing nature of markets.

 

Scenario  

You have been appointed as the new Marketing Manager for the joint venture between Sydney Water and the Environmental Protection Authority (EPA).

Your job is to help convince the people of NSW to stop purchasing bottled water in disposable bottles that are bad for our environment and to purchase the new reusable bottles to be produced and marketed by the joint venture.

Page 34: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 32

 

Tasks  

1 This public relations document should: 

•  introduce the new product and its main features – give it a catchy name 

•  justify the need for the new product based on the amount of plastic bottle rubbish that is being 

generated by Australian/NSW residents each year. 

(Use recent newspaper and/or journal articles and the Internet to support your claims) 

•  propose a marketing plan for the new product. The marketing plan should include: 

(i)  product strategies – suggestions for materials to be used, packaging, logo, branding 

(ii)  pricing strategies – proposed pricing for the product and how it will be determined 

(iii)  promotion strategies – proposed strategies to promote / entice people to purchase reusable bottles 

rather than the existing disposable bottles 

(iv)  placement strategies – where/how the new bottles will be made available for purchase 

 

Produce a 1 page A4 Poster that could be printed in the local newspaper as part of a new advertising 

campaign for the joint venture  

You might like to use Fireworks to produce a logo for the bottle and the bottle itself and then use Microsoft 

Publisher to produce the poster using the bottle and logos. Think about your target market and what 

characteristics are needed to be included for a good advertising campaign. You may want to make a new 

slogan and or a new logo to help your launch. This advert should be placed in the appendices of your report. 

 

 

 

 

Page 35: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 33

 

Report Writing in Commerce 

 

 

Report writing differs from essay writing because it has a different purpose.  Reports are common 

communication tools as they assist in the decision making process. Written for a particular purpose, they 

usually outline a problem, provide the relevant facts and ideas relate to the situation, and then recommend a 

course of action.  Reports are highly structured so that information they contain can be easily understood.  

Headings within the report allow the reader to select the parts they wish to read. Headings also enable each 

section of the report to stand‐alone.  

 

There are three basic steps to report writing  

1 Address the question(s) / case study requirement 

2 Make a plan 

3 Use a report format  

Addressing the question(s) / answering the problem  

• Read what is required carefully 

• Highlight any important keywords 

• Attempt all parts of the problem or question(s)  

Making a Plan 

• Briefly outline how you will answer the question 

• Identify any relevant case studies or examples that may be useful 

• Use a Report Format 

 

 

 

Page 36: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 34

Basic Report Format 

Title Page  

 

Table of Contents (not always required) 

 

Executive Summary ‐ This  tells your reader what the report is about as it describes the topics or issues 

discussed; indicates the depth of the discussion; as well as providing a summary of the recommendations and 

reasons for them.  It is usually only a short paragraph and is a summary. 

 

Introduction ‐ This tells your reader what you’re going to tell them in the body of your report.  Your 

introduction gives the background to the report; why it is useful; what other objectives are; the purpose of the 

report; the limitations of the report…  

 

Heading This is where you begin the discussion, outlining relevant facts and events. This is the main body 

of the report, and is divided into sections (headings) and subheadings.  

 

Conclusion ‐ This is where you give an overview of the material presented in the discussion and an 

interpretation of the relevant facts and events.  

 

Recommendations ‐ These are drawn from your conclusions. Your recommendations outline the specific 

actions that are required.  

 

References ‐ (not always required) A listing of all resources referred to in the report; assembled in author 

alphabetical order.  

 

Appendices ‐ (not always required) The appendices include related materials, if 

appropriate.  

 

Page 37: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Page 35

NAME _______________________TEACHER_______________________CLASS____ 

Year 09 Commerce

Semester 2 Research Assignment Task

Marking Criteria

• Writes precisely using clear examples and business terms. • Demonstrates a clear understanding of marketing issues suggesting a marketing plan and a range of

suitable strategies to entice people to buy the new plastic bottles • Organises and interprets researched information. Answers are of a suitable length and correctly

structured with close attention to instructions. Addresses all questions and problems. • Produces a thoughtful and well written report using the correct format. • Produces a 1 page Newspaper advert advertising promotion that illustrates a superior use of

appropriate technology that is aimed at the appropriate target market and uses a logo and plastic bottle that has been designed

16 - 20

• Writes using clear examples and business terms. • Demonstrates a sound understanding of marketing issues suggesting a marketing plan and some

suitable strategies to entice people to buy the new plastic bottles • Organises and interprets researched information. Answers are of a suitable length and correctly

structured with good attention to instructions. Addresses all questions and problems. • Produces a well written report using the correct format. • Produces a 1 page Newspaper advertising promotion that illustrates the use of appropriate technology

that is aimed at the appropriate target market and uses a logo and plastic bottle that has been designed

12 - 15

• Writes using good examples and business terms. • Demonstrates a good understanding of marketing issues suggesting a basic marketing plan and some

suitable strategies to entice people to buy the new plastic bottles • Organises and interprets researched information. Answers are of a suitable length and structure with

attention to some instructions. Addresses most questions. • Produces a fair written report using some of the report format. • Produces a 1 page Newspaper advertising promotion that illustrates some use of technology and uses

a logo and plastic bottle that has been designed

8 - 11

• Writes using limited examples and business terms. • Demonstrates some understanding of marketing issues suggesting a very basic marketing plan and a

suitable strategy to entice people to buy the new plastic bottles • Organises and interprets researched information. Answers are of a reasonable length and with attention

to most instructions. Addresses most questions. • Produces a report using some of the report format. • Produces a 1 page Newspaper advertising promotion

4 - 7

• Writes using poor examples and business terms. • Demonstrates basic understanding of marketing issues with no marketing plan and no strategies to

entice people to buy the new plastic bottles • Poor organisation and interpretation of researched information. Answers are of an insufficient length

with little attention to instructions. Some questions are not answered. • Report is incomplete or inadequate. • 1 page Newspaper advertising promotion is not submitted

0 - 3

 

_________ out of 20      __________________ Signed _____(initials) 

Comments 

 

 

 

Page 38: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Affiliated associations

Business Educators Association of Queensland Inc (BEAQ) Economics and Business Educators New South Wales (EBENSW)

Business Educators Australian Capital Territory (BEACT) Economics Teachers Association of Western Australia (ETAWA)

Business Educators Australasia Tasmania Inc (BEAT) Economics Teachers Society of South Australia (ETSSA)

Business Education Teachers Association of Northern Territory (BETANT) Legal Studies Association of New South Wales Inc (LSA NSW)

Business and Enterprise Teachers Association of South Australia Inc (BETASA) New Zealand Commerce and Economics Teachers Association Inc (NZCETA)

Business Educators of Western Australia Inc (BEWA) Queensland Economics Teachers Association Incorporated (QETA)

Victorian Commercial Teachers Association (VCTA)

December 2008

Business education in Australia’s curriculumA statement from Business Educators Australasia Inc.

Business Educators Australasia Inc, in conjunction with its affiliates, aims to promote and extend business education in our primary and secondary schools.

Foreword

The discussion around a national curriculum and the new Declaration on Educational Goals for Young Australians centres on what is important to teach in our schools, when it should be taught, and how it should be taught.

The• what of this discussion is inevitably about subjects, studies and programs that should be included in the curriculum; what is core or mandated, and what is optional or elective.

The • when is about where the what is placed in the curriculum; that is, which students have access to what, and at which levels of schooling.

The • how is about creating the success for learners—the quality of teaching.

Over many years, through state and territory curriculum reviews, and a number of attempts at developing a national approach to curriculum, strong arguments have been mounted in support of providing business education for all students in the compulsory years of schooling. More specifically, the importance of developing in students an understanding of economics, and law-related, business and accounting studies, and learning for consumer and financial literacy has been widely advocated.

Success for this advocacy has been mixed with some jurisdictions building firmer curriculum positions for business education in its various dimensions, while others have maintained an optional or elective approach. This means, of course, that not all students have the benefit of education for economic, consumer and financial literacy.

Business Educators Australasia Inc., the peak body for business education teacher professional associations in Australia and New Zealand, believes that the current move towards developing a national curriculum for Australia should, in its second phase, ensure that business education, including education for economic, consumer and financial literacy, and developing understandings in business, is provided for every student in Australia’s primary and secondary schools; that is, that business education is core in the compulsory years of schooling.

Garry TaylorPresident

Page 39: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Business education in Australia’s curriculum A statement from Business Educators Australasia Inc.

December 2008 page 2

Business education in Australian schools

Business education in Australian schools is not, typically, a subject as such. In fact, business education has many dimensions represented in subjects, electives and cross-curricular and integrated programs, all of which add to the richness of curriculum in primary and secondary schools.

In secondary schools business education subjects are prominent in the subject choice of many post-compulsory students. The subjects include accounting, business management/studies, economics, legal studies and related studies offered through different courses that provide multiple post-school pathways to employment and further education and training. These subjects, or variations thereof, depending on state or territory curriculum requirements and options, also feature towards the end of the compulsory years of secondary schooling. The variations are sometimes described in curriculum programs as commerce, work-related studies, and consumer and financial literacy studies.

In the compulsory years of schooling, business education informs a strong list of cross-curricular and multidisciplinary studies, including commerce, consumer and financial literacy, civics and citizenship, information and communication technologies (ICT), environmental studies, and studies of Asia. There are many opportunities for integration of business education dimensions into these studies in primary and secondary schools.

Importantly, there is increasing recognition of the opportunities to integrate business education with learning in English, mathematics, history, geography and science. Cross-curricular and multidisciplinary approaches are especially significant given the competitive pressure on curriculum in schools and the need to be mindful of available time and the workload of teachers.

More broadly, business education teachers see the improvement of literacy and numeracy skills in all students as their business. They take the abundant opportunities provided by business education subjects and in related cross-curricular initiatives to improve student literacy and numeracy.

So, far from being narrow in scope and range, the business education portfolio of studies and programs is diverse in nature, comprehensive in creating engaging learning opportunities on a K–12 basis, and has a futures focus. The diversity of knowledge and skills associated with business education is important in building authentic student engagement in their learning and interest in lifelong learning, life skills and vocational pathways.

Significantly, the content and the skills developed through business education are often advanced through a context of strong narratives drawing upon:

real-life events, situations, observations and •experiences

case studies and applied learning; people, •businesses and resource use

economic and financial relationships and decisions •in individual, government, regional and global contexts

post-school pathways for students.•

National and international perspectives on business education

As part of the ongoing national debate and discussion about what sort of education young Australians need in the 21st century, a report by the Council for the Australian Federation was released in September 2007. This report, The Future of Schooling in Australia, was clear in its view that all students should have access to studies in economics and business.¹

The report informed the subsequent Melbourne Declaration on Educational Goals for Young Australians (2008), which affirms economics and business as essential learning for students in humanities and social science (the disciplines of history, geography, and economics, and the study of business), one of eight must-include learning areas.²

This national recognition of the significance of economics, and the studies it informs, is unsurprising given that economic decisions by individuals, businesses and governments are about resource use and distributing the proceeds of production. The quality of these decisions will impact on individual, local and national wellbeing, and increasingly have global implications. What is surprising is that for most of our students in the compulsory years of schooling, acquiring even some of the literacy associated with business education is marginal and, typically, optional.

Internationally, there is strong support for business education in primary and secondary schools. In 2004, Scotland released A Curriculum for Excellence³, which provided explicit statements of the aims of education. It described the purposes of education as enabling all young people to become successful learners, confident individuals, responsible citizens and effective communicators. This closely approximates Goal 2 of the Educational Goals for Young Australians.4

Page 40: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Business education in Australia’s curriculum A statement from Business Educators Australasia Inc.

December 2008 page 3

The supporting curriculum documents in A Curriculum for Excellence have a strong focus on business education in both discipline and cross-curricular perspectives. Further, Business Education: A Portrait of Current Practice, a recent discussion considering how business education supported the purposes of education identified in A Curriculum for Excellence, noted that:

The subjects taught within business education departments have many strengths on which to build to help learners develop the four capacities … It is important to recognise also the major contribution which business education can make to priority themes such as enterprise, citizenship and sustainable development …5

The 2008 edition of Trends Shaping Education, an OECD publication designed to help thinking about major developments that are affecting the future of education and setting challenges for schools, highlighted many of the areas that are developed through business education. Chapters include ‘Global Challenges’, ‘Towards a New Economic Landscape’, ‘The Changing World of Work and Jobs’, ‘Citizenship and the State’, ‘Social Connections and Values’, and ‘Sustainable Affluence?’6

Business education for all students

The need for all of our students to have enhanced economic and consumer and financial literacy is evident in the current global economic and financial crisis. The uncertainty created by this crisis underlines the need to embed in the curriculum of all primary and secondary schools in Australia the skills, knowledge and understanding associated with economics, and consumer and financial literacy. The response to such events should be to ensure that in future all our young people develop basic economic, consumer and financial literacy.

The support for this view is not new and has long been advocated through research by those who sensibly connect life skills and lifelong learning with this literacy. Much has been written (and researched) by academics, professional teacher associations and other agencies and individuals with an interest in the area and about the need to provide all primary and secondary school students with business education. For example:

Life globally is dominated by economic transactions and it is the quality of the economic decision making at all levels of society that

significantly determines the wellbeing of individuals and nations. It is the limited understanding of economics that ultimately restricts a person’s capacity to participate in society in response to individual, group, local or broader national and global needs. In order to operate effectively as individuals, as contributors to society and as informed citizens, every student needs to develop a basic understanding of economic principles and concepts and how they are applied.7

An economically educated citizenry is necessary to reduce the likelihood of the government failing to adhere to the preferences of its electorate. Moreover, citizens who understand how their own economic interests are bound up with the interests of other citizens are more likely to support government actions that take all citizens’ economic interests into account.8

To the old and true adage, ‘if you think education is expensive, try ignorance,’ we would add a stronger emphasis and a greater awareness of the astounding costliness of economic illiteracy.9

The financial preparedness of our nation’s youth is essential to their well-being and of vital importance to our economic future. In light of the problems that have arisen in the subprime mortgage market, we are reminded of how critically important it is for individuals to become financially literate at an early age so that they are better prepared to make decisions and navigate an increasingly complex financial marketplace. Choosing a credit card, saving for retirement or for a child’s education, or buying a home now requires more financial savvy than ever before.10

Business education must be core curriculum in the compulsory years

It is not difficult, then, to find strong, reasoned advocacy for all students to develop, for example, at least basic economic, consumer and financial literacy while at school. It is unlikely that they might do this outside of school, on any worthwhile scale. However, it is difficult to find evidence that education systems take the view that these literacies should be developed in all students as part of schooling.

In the post-compulsory years students specialise in their subjects as they build their employment and further studies pathways. While they might take economics, accounting, legal studies or business management or business studies, many will not. So if we are to educate

Page 41: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Business education in Australia’s curriculum A statement from Business Educators Australasia Inc.

December 2008 page 4

all students in economic, consumer and financial literacy, it has to be in the compulsory years. Unfortunately, it is often in the elective rather than the core curriculum.

Business education has a strong, real-life evidence base

Our states and territories each have their consumer ‘watchdogs’ and related consumer support agencies, often directly associated with a consumer ministry. Even a casual perusal of the websites of these agencies provides ample evidence of the need for economic, consumer and financial literacy. So, too, does the consumer education website of the Australian Securities and Investments Commission (ASIC) at <www.fido.asic.gov.au>. The Australian Government’s ‘Understanding Money’ website at <www.understandingmoney.gov.au> argues strongly for the incorporation of financial literacy into the core curriculum from Kindergarten to Year 10. More recently the development of the Consumer and Financial Literacy Professional Learning Program <www.financialliteracy.edu.au> through the Australian Government’s Financial Literacy Foundation and Quality Teacher Program highlighted the importance for all students of consumer and financial literacy:

In the Financial Literacy Foundation’s research report, Australians Understanding Money, young people self-assessed themselves as lacking basic knowledge, skills and confidence when dealing with a range of money-related issues. They recognised the need for consumer and financial literacy education and over 80% said they would like to improve their financial knowledge and skills, while a further 82% said being taught about money at school was beneficial.11

National support for business education

Business education and the national Statements of Learning

In July 2003 the Ministerial Council on Education, Employment, Training and Youth Affairs (MCEETYA) requested that Statements of Learning be developed in English, Mathematics, Science, and Civics and Citizenship as a means of achieving greater national consistency in curriculum outcomes across the eight states and territories. In reconfirming the purpose of Statements of Learning in May 2005, the Ministers added Information and Communication Technologies as a further area for a Statement of Learning.

Each of these Statements, available at <www.curriculum.edu.au/mceetya/statements_of_learning,22835.html>, sets out the knowledge, skills, understandings

and capacities that students in Australia should have the opportunity to learn and develop in the particular domain. For each of these Statement domains, the dimensions of business education provide rich opportunities to support learning just as they do for the National Statement for Engaging Young Australians with Asia in Australian Schools, which can be accessed at <www.asiaeducation.edu.au>.

Australian and state and territory government support for business education

The increasing awareness of the need for consumer and financial literacy saw two national responses in 2005. One was the establishment, as a division of the Australian Treasury, of the Financial Literacy Foundation <www.understandingmoney.gov.au/Content/Consumer/About>. The other was the development by MCEETYA of the National Consumer and Financial Literacy Framework. This Framework <www.mceetya.edu.au/verve/_resources/Financial_Literacy_Framework.pdf> was prepared to further learning needed to meet the National Goals for Schooling in the Twenty-first Century (1999) and is even more relevant in the context of the Melbourne Declaration on Educational Goals for Young Australians (which supersedes the 1999 Adelaide Declaration).

MCEETYA is clear about the purpose and the reasons for the Framework.

The Framework is designed to:

inform the Statements of Learning that have •been agreed to by MCEETYA

provide guidance to states and territories in •the development of their curricula K–10

provide guidance to developers of support •materials and the professional development of all teachers of consumer and financial literacy.12

The Framework defines consumer and financial literacy as ‘the application of knowledge, understandings, skills and values in consumer and financial contexts and the related decisions that impact on self, others, the community and the environment’.13

It acknowledges that that globally consumers, businesses and governments exchange goods and services on a daily basis, and in ‘a climate of changing global, national, community and family economic circumstances, the form and complexity of these transactions continues to change’. It stresses the importance of consumer and financial literacy for all young people and observes that

Page 42: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Business education in Australia’s curriculum A statement from Business Educators Australasia Inc.

December 2008 page 5

‘research indicates the economic benefits for the entire community of increased levels of consumer and financial literacy and of addressing youth debt’.14

Strong and practical national support for integrating business education dimensions in the curriculum

The National Consumer and Financial Literacy Framework is a framework that provides a strong basis for integrating consumer and financial literacy as a cross-curricular or multidisciplinary initiative. While the professional experience and training of business education teachers places them well in terms of curriculum development and teaching in this area, Business Educators Australasia appreciates that if all students are to benefit from economic, consumer and financial literacy their seamless cross-curricular or multidisciplinary integration into the curriculum is essential.

The opportunities for this integration, and for all students to be educated in economic, consumer and financial literacy, are richly illustrated in the 2008 Australian Government resource Consumer and Financial Literacy Professional Learning Program: Facilitator and Teacher Guides, available at <www.financialliteracy.edu.au>. Professional learning opportunities are vital in any new curriculum implementation.

Developing a more complete national curriculum for Australia: including business education in phase 2 development

The first meeting of the new National Curriculum Board15 was held on 23 April 2008, and with a brief to complete the first phase of its work by 2010 it is fortunate that so much of what is currently being done well in schools will assist in developing the national curriculum.

In addressing the June 2008 National Civics and Citizenship Education Forum, the Chair of the National Curriculum Board, Professor Barry McGaw, noted that:

in the new national curriculum effort we will:

build on the best of what is already being •done in the states and territories

seek to learn from the practices of those •countries that currently outperform us

pay careful attention to the research evidence •on pedagogy and learning and to what works best in educational practice.16

That effort, at least in the near term, will focus on select subjects in the curriculum. This was made clear in a February 2008 paper prepared as background reading for the Board’s June national consultation for the national curriculum: Into the Future: National Curriculum Board Forum:

The remit of the National Curriculum Board, in the first instance, is to develop a national, K–12 curriculum in English, mathematics, the sciences and history. In a second phase, the remit will be extended to involve geography and languages other than English. The Board’s work must be shaped by the national goals [the Melbourne Declaration on Educational Goals for Young Australians] and must connect with other areas for which curriculum will continue to be developed within the states and territories.17

This remit was confirmed at the Forum in June 2008 though Professor McGaw acknowledged that it covered only part of the whole curriculum, noting that what it does must ‘clearly leave room for the rest and must be effectively connected with it.’18

The National Curriculum Board Forum background paper, in highlighting the role of national curriculum in building Australia’s future, was clear about what young Australians should expect from the school system:

Their schooling should develop a sense of themselves and Australian society, a capacity and predisposition to contribute effectively to society, and the knowledge, understanding and skills with which to work productively and creatively. The schooling of Australia’s young people should help to develop a cohesive society, with individual members aware of the rich diversity of histories and cultures that have shaped it, and committed to its continuing development. It should build strong foundations for future national prosperity, helping to make Australia productive and internationally competitive in the global economy.19

It is surprising, then, that in the work to be undertaken in phases one and two of a national curriculum, there is no reference to business education or its dimensions, including economics, the informing discipline in business education. This is a critical omission that must be addressed.

Page 43: The EBE Journal€¦ · The Importance of Financial Literacy Anne ... not significantly reduced her workload taking on ... Professional Development Workshop, where EBE Directors provide

Business education in Australia’s curriculum A statement from Business Educators Australasia Inc.

December 2008 page 6

Notes

1 Council for Australian Federation, Federalist Paper 2: The Future of Schooling in Australia, September 2007, <www.caf.gov.au/Documents/TheFutureofSchoolinginAustralia.pdf>.

2 Ministerial Council on Education, Employment, Training and Youth Affairs (MCEETYA), Melbourne Declaration on Educational Goals for Young Australians, December 2008, p. 14.

3 Learning and Teaching Scotland, A Curriculum for Excellence, 2004, <www.ltscotland.org.uk/curriculumforexcellence>.

4 MCEETYA, Melbourne Declaration on Educational Goals for Young Australians, December 2008, p. 8.

5 The four capacities described in A Curriculum for Excellence are: successful learners, confident individuals, responsible citizens and effective contributors.

Her Majesty’s Inspectorate of Education (HMIE), Business Education: A Portrait of Current Practice (Scotland), 2006, <www.hmie.gov.uk/documents/publication/bepcp.html>.

6 OECD, Trends Shaping Education, 2008 edition, <http://213.253.134.43/oecd/pdfs/browseit/9608081E.pdf>.

7 Forsyth, A, ‘Constructing Social Education Curriculum for the Twenty-first Century: the Role and Importance of Economics Education’, paper presented at the AARE 2005 Conference.

8 Davies, P, ‘Educating Citizens for Changing Economies’, Journal of Curriculum Studies, vol. 38, no. 1, 2006, pp. 15–30.

9 Council for Economic Education, Campaign for Economic Literacy: Challenge and Response, <www.councilforeconed.org/cel>.

10 Bernanke, B, The Importance of Financial Education and the National Jump$tart Coalition Survey, Speech, Board of Governors of the Federal Reserve System, USA, 9 April 2008, <www.federalreserve.gov/newsevents/speech/bernanke20080409a.htm>.

11 Crough, G, Consumer and Financial Literacy Professional Learning Program: Teacher Guide, ‘Foreword’, March 2008, p. 4, <www.financialliteracy.edu.au>.

12 MCEETYA, National Consumer and Financial Literacy Framework, 2005, p. 1, <www.mceetya.edu.au/verve/_resources/Financial_Literacy_Framework.pdf>.

13 MCEETYA, National Consumer and Financial Literacy Framework, 2005, p. 1, <www.mceetya.edu.au/verve/_resources/Financial_Literacy_Framework.pdf>.

14 MCEETYA, National Consumer and Financial Literacy Framework, 2005, p. 1, <www.mceetya.edu.au/verve/_resources/Financial_Literacy_Framework.pdf>.

15 The purpose of the National Curriculum Board is to develop a single, world-class Australian curriculum for all students from Kindergarten to Year 12. For further information, refer to <www.ncb.org.au>.

16 McGaw, B, excerpt from the address to the National Civics and Citizenship Education Forum, Curriculum Perspectives, Australian Curriculum Studies Association (ACSA), vol. 28, no. 2, June 2008, p. 7.

17 National Curriculum Board, National Curriculum Development Paper, February 2008, p. 2.

18 National Curriculum Board, Event record of the ‘Into the Future: National Curriculum Board Forum’, 27 June 2008.

19 National Curriculum Board, National Curriculum Development Paper, February 2008, p. 2.