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The EBE JournalJOURNAL OF THE ECONOMICS AND BUSINESS EUCATORS NEW SOUTH WALES

8/14/2019 2009, Journal 2

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the

ebe

journal

JOURNAL OF THE ECONOMICS AND BUSINESS EDUCATORS

NEW SOUTH WALES

2009,Journal2Contents

Presidentsmessage 2

ThemarketingofhistorictouristsitesintheUK&France

CatherineGray

GlobalBusinessBriefs

CatherineGray

SuccessOne

Aaron Butler

3

6

8

pleasenote

Contributorsare

reminded

thatpaperssubmittedtothe

Editorshouldbesuppliedas

hardcopyaswellasondisk

orbyemail.

Hard copies must be laser

quality printouts, double

spaced and preferably on A4

8/14/2019 2009, Journal 2

3/37

PRESIDENT:Ms Lyn Kirkby

VICE PRESIDENTS:Mr Michael Horsley

Ms Anne Layman

TREASURER:Mr Andrew Skehan

COMPANY SECRETARY:Ms Bronwyn Hession

DIRECTORS:Mr Joe AlvaroMs Kate Kelly

Mr Phil ManocchioMr Gavin Russell

Ms Pauline SheppardLisa Spaccavento

Ms Rhonda ThompsonMs Christine Kassar Williams

PUBLISHED BY:Economics & Business Educators NSW

ABN 29 002 677 750

ISSN 1488-3696

PO Box 67 Leichhardt NSW 2040Phone: (02) 9564 5007

Fax: (02) 9564 5309Mobile: 0411 118284

Email: admin@ebe nsw edu au

8/14/2019 2009, Journal 2

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PresidentsMessage

PresidentsmessageBEhasbeenactiveoverrecentmonths in

providing professional learning

opportunitiesfor

teachers.

We

again

worked with the Geography Teachers

Association NSW to run a successful Leadership

Conference for Heads of HSIE Departments and

middle managers. Around 100 attended on the

day tohearupdatesontheNationalCurriculum,

ICT,Teacher

Accreditation,

Leading

your

Faculty,

aHSIEUpdate from theBoardanda sessionon

Case Studies in Best Practice. The evaluations

from the day were very positive, though there

wasa request formore time for tablegroups to

discuss issues. We are looking into some other

ibl

t t

ith

th

GTA

h

thi

i ht

invited to provide feedback directly to EBE

through our website. More information will be

providedas

these

processes

move

forward.

On the national agenda, Tom Alegounarias,

President of the Board of Studies, addressed

ProfessionalTeachersCouncilteacherassociation

members on August 12th. He provided some

perspectiveontheroleoftheBOSinadvisingthe

Minister in NSW on the appropriateness of the

nationalcurriculumforNSWschools,andtherole

ofschools,systemsandprofessionalassociations

as the key to implementation and professional

development. In NSW, the HSC will remain the

credential for our students with an expectation

h h i l i l ill ll

E

8/14/2019 2009, Journal 2

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ThemarketingofhistorictouristsitesintheU.K.andFrances

ThemarketingofhistorictouristsitesintheU.K.andFranceMarketingtoListTickersorCultureSeekersCatherineGray,GosfordHighSchool

y study tourof theU.KandFrance

was generously made possible by

the NSW Premiers ABN AMRO

Business Studies, Economics Teachers

Scholarship.

As a teacher of Business Studies and

Modern History I applied to the DET to

undertake a study tour that focused on

three things: Global Businesses in the UK,

theroleofMarketing inLondonasaresult

f th i f l bid f th 2012 Ol i

(HRP) has identified the need to classify

touristsaseitherthoseseeking Cultureor

thosewhoarelisttickers.

Londonhasawealthoffreeplacestovisit,

sotheneedformarketingtoenticetourists

and wet their appetite to visit sites

especially those that incur a fee is very

competitive.

The HistoricRoyal Palaces isa charity thatoperates to protect five historic palaces.

The Palaces are owned by The Queen in

t t f th ti HRP d t i

M

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KewPalaceisintimate,domesticandintenseTheir

work

is

guided

by

four

beliefs:

guardianship we exist for

tomorrow,notjustyesterday.Ourjob

is to give these palaces a future as

valuableastheirpast.

discovery we explain the bigger

pictureand

then

encourage

people

to

make their own discoveries: in

particular,tofindlinkswiththeirown

livesandtheworldtoday.

showmanship we do everything

with panache. Palaces have always

been places of spectacle, beauty,

majestyand

pageantry,

and

we

are

proudtocontinuethattradition.

independence we have a unique

task andourownpointof view.We

challenge ourselves to find new and

differentwaystodoourwork.

L th t ti di l H

tells stories so as to add to the visitor

experience.

There is also a desire to attract repeat

customers by varying the exhibits and

ensuring that they feel that their staywas

value for money. Research showed that

visitors thought the Palaces were old and

stuffyand

you

only

needed

to

go

once

in

alife time. With so much competition it is

essential tomotivatevisitors toattendand

their wordofmouthabout theirpersonal

experience is invaluable. Membership of

theHRPallowsrepeatvisitsforayear.

There are five forms of revenue for HRP:

day visitors, school groups, functions andevents, retail food outlets and retail HRP

designed products. It can cost around 20

000poundstohireavenuesorelationship

marketing is important with corporate

clients.

E hibiti t d l thi id f

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international collections. These

spectacular objects have never been

seen together since the reign of his

daughterElizabeth

I.

Tourists are encouraged to go home with

stories. The marketing department

encourage staff to dramatise the story

through all their written and spoken

language,fromposterstospeeches,scripts

topublications,

articles

to

exhibitions.

So...whatversionofthetruthdoyou

want to hear today? The one filled

withmurder, blood and guts, or the

onewheretheyall livedhappilyever

after?YeomanWarderattheTower

of

London.

Hampton Court has new exhibits to

commemorate500 years since HenryVIII's

accessiontotheEnglishthrone.

HenryVIII:headsandheartsandanexhibition lookingatYoungHenryas

b hi fi t if K th i f

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GlobalBusinessBriefs

GlobalBusinessBriefsCatherineGray,GosfordHighSchool

he following is one of five GlobalBusinessBriefsthatcentreonbusinesseslocated in London that operate on a

global scale. In futurejournals Catherine will

include three marketing case studies: 2012

LondonOlympicsandParaOlympicsandHRP

HistoricRoyalPalaces.Thisglobalbriefisabout

Hitachi.

CompanyName:Hitachi

Locations:TheAmericas,MiddleEastand

Europe,PacificandAsia.

DescriptionofOperations:Makerofinteractivewhiteboardsandotherelectronic

equipmentincluding:

Th

N

FX

D

B d

T

8/14/2019 2009, Journal 2

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Reasonsforinternationalexpansion

increased

sales

yes

although

in

a

maturemarketwithover10yearsof

sales.Thereisnoneedtoeducate

customersonwhataninteractive

whiteboardis.

resourcesandtechnologyNowthe

boardisUSBdrivenandusesacamera

that

senses

changes

on

reflective

tape

atthebaseoftheboard.Theboard

constructionensuresitisstronger

thanthecompetitors.

ManagementoftheGlobalBusiness

marketingsuch

as

global

branding,

standardization/differentiationAsa

maturemarketitisquitecompetitive.

PushPulltoendusers.Trytogetalot

oflocalpress.Lessdeveloped

marketingtoendusers

operationssuchassourcingrawmaterials

employmentrelationsfollowUKERLaws

ModificationsduetobeinginaglobalmarketDuoboarddevelopedinresponseto

competition.

The

Hitachi

board

used

an

electronicpen,whilstcompetitorsuseda

fingertouchsystem.NowtheDuoBoarduses

both.

8/14/2019 2009, Journal 2

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Success One HSC Business Studies is designed to maximize your studentsmarks in HSC Business Studies by giving them essential practice at answering

the types of questions they can expect in the 2009 HSC Examination.

CONTENTS:A Mark Maximizer Guide with detailed advice on exam technique and preparation

The 20012008 HSC Examination Papers

Topic Indexof questions to facilitate revision by topics

D t il d A itt b i d i t h

ABOUT THE PUBLISHER:

Aaron Butler has been the

leading publisher of HSC

Exam materials for NSW

teachers and students since

New2009

Edition

SUCCESS ONE HSC *

A A R O N B U T L E R P U B L I S H I N GTHE HSC EXAM SPECIALISTS

BUSINESSSTUDIES

8/14/2019 2009, Journal 2

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Year11BusinessStudiesExcursionYear11BusinessStudiesExcursionTrish Smith, Business Studies TeacherMonte Sant Angelo Mercy College

reyoulookingforanexcursionforYear11Business Studies whereby students takeaway invaluable informationbutalsowalk

outsayingthatsthebestexcursionwehaveeverbeenon?This year I devised an excursion to The CrownePlaza

Darling

Harbour

and

students

thoroughly

enjoyedtheday.IcontactedtheHotelandspokewiththeGeneralManager Robert Coates and he was more thanwilling tohelpusout. Iwantedthisexcursiontocomplement the Business Functions topic so I

l i d t hi th hi h tli d i

To end the day, and probably a major sellingpointforthestudents,wehadlunchintheirRedSaltRestaurant.Ifyouwantarelaxingexcursionwithnofussbutstudents learn lots of valuable information, Isuggest you call the Crowne Plaza DarlingHarbourforagreatday!Below is the worksheet I designed, please feelfreetousethis.(I didnt include finance but they would havebeenhappytodiscusscertainaspectsoffinance).

A

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Crowne Plaza, Darling HarbourBusiness Function

1. What is the legal structure of this business?

Sole trader

Partnership

Private company

Public company

Franchise

Trust

2. Outline the prime function of this business.

3. Why did this business decide on this type of legal structure?

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7. Which sector does this business belong to?

PrimarySecondaryTertiary

8. Prepare a SWOT analysis for this business.

Strengths Weaknesses

Opportunities Threats

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Describe the 4 Ps of this business.

PRODUCT- Have product extensions occurred?

- Have products been deleted?

- Have products been rejuvenated?

PRICEPrice skimmingPrice penetrationLoss leaderDiscountsCost plus mark up

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HUMAN RESOURCE MANAGEMENT

ACQUISITION

How many employees does this business have?

How are the employees hired?

Advertisements in papers

Recruitment agencies

Internet Noticeboards

Recent graduates

Other

What selection devises are used when selecting employees to work at The CrownePlaza?

Individual interviews

Panel interviews

Simulation test

A li ti f

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MOTIVATION

Do staff receive any rewards to motivate them to work harder and increase sales?

MONETARY REWARDS NON MONETARY REWARDS

What performance appraisal system is used?

For managers

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OPERATIONS MANAGEMENT

Are regular OH&S audits carried out? When/how?

Does an OH&S committee exist? If so, who are the members and when do they meet?

Is the business set up in a certain way? Explain?

O li h i i l d OH&S?

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P l a y e r s o fp o l i t i c a le c o n o mU n i v e r s i t i e s m u s t r e v i s e t h e w a y t h e y

t e a c h e c o n o m i c s , w r i t e s F r a n k S t i l w e l lH E I n t e r n a t i o n a l M o n -e t a r y F u n d r e c e n t l y r e - e c o n o m i c o u t c o m e s . D u r i n g t h eb o o m y e a r s t h i s d i d n o t s e e m t o

i n s t i t u t i o n s t o u n d e r s t a n d w h a t h a sh a p p e n e d . K e y n e s i a n e c o n o m i c sh a s r i g h t l y e x p e r i e n c e d a r e v i v a lb e c a u s e i t p r o v i d e s a n e x p l a n a t i o no f r e c e s s i o n a n d t o o l s f o r c o u n t e r -c y c l i c a l e c o n o m i c m a n a g e m e n t .T h e r e i s a l s o r e n e w e d i n t e r e s t i nM a r x i a n a n a l y s i s o f c a p i t a l i s m ,f o c u s i n g o n t h e c o n t r a d i c t o r y a s -p e c t s o f t h e c a p i t a l a c c u m u l a t i o np r o c e s s , t h e c a u s e s o f g r o w i n ge c o n o m i c i n e q u a l i t y a n d p e r i o d i ce c o n o m i c c r i s e s .T h e r e a r e m i l d e c h o e s o f s u c hc o n c e r n s i n K e v i n R u d d ' s d e n u n -c i a t i o n o f " e x t r e m e c a p i t a l i s m " .I n s t i t u t i o n a l e c o n o m i c s a l s o h a sa n i m p o r t a n t c o n t r i b u t i o n t o m a k e .T h i s i s a d i s s i d e n t t r a d i t i o n o fe c o n o m i c t h o u g h t t h a t e m p h a s i s e st h e s i g n i f i c a n c e o f i n s t i t u t i o n b u i l d -

back

Australian06/05/2009Page: 38

Higher Education

Region: Australia

Circulation: 137000

Type: National

Size: 550.34 sq.cmsMTWTF

Page 1 of 2

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A l l a l t e r n a t i v e a p p r o a c h e s w a r r a n tc a r e f u l c o n s i d e r a t i o n , e s p e c i a l l y i nt h e p r e s e n t d i f f i c u l t e c o n o m i c c o n -d i t i o n s . U n i v e r s i t i e s n e e d t o r e -s t r u c t u r e t h e i r c o u r s e s i n e c o n o m -i c s t o c o n s i d e r a n d c o m p a r e t h ec o n t r i b u t i o n s t h a t e a c h o f t h e s es c h o o l s o f t h o u g h t c a n o f f e r .U n f o r t u n a t e l y , t h e c u r r i c u l u m i na l m o s t a l l u n i v e r s i t i e s r e m a i n so v e r w h e l m i n g l y n e o c l a s s i c a l . T h i sp e r p e t u a t e s t h e t y p e o f e c o n o m i cp o l i c y a d v i c e c o m i n g f r o m t h eP r o d u c t i v i t y C o m m i s s i o n a n d t h er i g h t - w i n g t h i n k t a n k s .H o w e v e r , i t i s n o t c o n d u c i v e t oa n e c o n o m i c o u t l o o k t h a t i s s e n s i -t i v e t o t h e p r e s e n t n e e d s f o rr e c o v e r y a n d r e c o n s t r u c t i o n .O n e u n i v e r s i t y t h a t s e e k s t oe x p l o r e t h e d i f f e r e n t a p p r o a c h e s t oe c o n o m i c a n a l y s i s i s t h e U n i v e r s i t yo f S y d n e y . F o r d e c a d e s i t h a so f f e r e d s t u d e n t s t h e o p p o r t u n i t y t os t u d y c o u r s e s i n p o l i t i c a l e c o n o m ya s w e l l a s m a i n s t r e a m e c o n o m i c s .T h e c o u r s e s l o o k a t K e y n e s i a n ,p o s t - K e y n e s i a n , M a r x i a n a n d i n s t i -t u t i o n a l a n a l y s e s o f c a p i t a l i s m a s

A s a p o l i t i c a l e c o n o m y s t u d e n t ,A n t h o n y A l b a n e s e s t a g e d a p r o t e s to n t o p o f t h e u n i v e r s i t y c l o c k t o w e ri n s u p p o r t o f a n a u t o n o m o u s p o l i t -i c a l e c o n o m y d e p a r t m e n t . N o w a sf e d e r a l I n f r a s t r u c t u r e , T r a n s p o r t ,R e g i o n a l D e v e l o p m e n t a n d L o c a lG o v e r n m e n t M i n i s t e r , h e o v e r s e e sm u c h o f t h e v a s t s t i m u l u s s p e n d i n gt h a t t h e R u d d G o v e r n m e n t i sh o p i n g w i l l s e e u s t h r o u g h t h i sc r i s i s . I n N S W p o l i t i c s y o u ' l l f i n dD e p u t y P r e m i e r C a r m e l T e b b u t t( p o r t f o l i o s i n c l u d e c l i m a t e c h a n g e ,t h e e n v i r o n m e n t a n d c o m m e r c e )a n d D a v i d B o r g e r ( h o u s i n g ) , t on a m e j u s t t w o .I t ' s a l s o p e r h a p s n o c o i n c i d e n c et h a t t w o o f t h e m o s t v o c a l f i g u r e sw a r n i n g o f u n f e t t e r e d c o n s u m p t i o na n d m a r k e t s p e c u l a t i o n p u b l i ci n t e l l e c t u a l a n d a u t h o r C l i v e H a m -i l t o n a n d U n i v e r s i t y o f W e s t e r nS y d n e y e c o n o m i c s a c a d e m i c S t e -v e n K e e n a l s o a r e f o r m e r p o l -i t i c a l e c o n o m y g r a d u a t e s a n d a c t -i v i s t s , b o t h o f w h o m w r i t e a b o u t t h ef o r m a t i v e r o l e t h e d i s c i p l i n e p l a y e d

n o r H a l l a n d L a f e l i n e B u s i n e s s 'M i c h a e l J a n d a . H o p e f u l l y a n o t h e rg r a d u a t e , T h e C h a s e r ' s C h a r l e sF i r t h , w i l l p r o v i d e u s w i t h s o m el i g h t r e l i e f f r o m t h e g l o o m . T h e l i s tg o e s o n .A n e w b o o k a b o u t t h e y e a r ss p e n t e s t a b l i s h i n g a l t e r n a t i v e e c o -n o m i c s a t t h e u n i v e r s i t y , t i t l e dP o l i t i c a l E c o n o m y N o w ! T h e S t r u g -g l e f o r A l t e r n a t i v e E c o n o m i c s a tt h e U n i v e r s i t y o f S y d n e y , i n c l u d e s ac a m e o a p p e a r a n c e f r o m a y o u n gM a l c o l m T u r n b u l l , w h o t r i e d t op l a y a m e d i a t i n g r o l e b e t w e e n a c t -i v i s t s a n d u n i v e r s i t y m a n a g e m e n t .T o d a y s t u d e n t s a r e a g a i n f l o c k -i n g t o t h e s t u d y o f p o l i t i c a l e c o n -o m y . A s u r g e m e a n s m o r e t h a n 6 0 0u n d e r g r a d u a t e s a r e e n r o l l e d i np o l i t i c a l e c o n o m y , w i t h m o r e c o m -p l e t i n g m a j o r s , h o n o u r s a n d m a s -t e r s q u a l i f i c a t i o n s .W i l l o t h e r u n i v e r s i t i e s f o l l o w t h el e a d i n r e v i s i n g a n d d i v e r s i f y i n gt h e i r t e a c h i n g o f e c o n o m i c s ? O rw i l l t h e y r e m a i n w e d d e d t o an e o c l a s s i c a l o r t h o d o x y t h a t h a s

back

Australian06/05/2009Page: 38

Higher Education

Region: Australia

Circulation: 137000

Type: National

Size: 550.34 sq.cmsMTWTF

Page 2 of 2

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PoliticalEconomyNow!The struggle for alternative economics at the University of Sydney

Political Economy Now ! The struggle for

alternative economics at the University of SydneyGavan Butler, Evan Jones and Frank Stilwell

Darlington Press

ISBN: 9781921364051

Political Economy Now! is the story of one of the mostsubstantial and enduring conflicts in the history of

Australian universities. Beginning in the late 1960s, itpitted those committed to the teaching of mainstream

economics at the University of Sydney against theproponents of an alternative program in political

economy. The dispute continued for decades until aDepartment of Political Economy was established in the

Faculty of Arts in 2008.

Why all the fuss over the teaching of economics? Why

were the disagreements so deep and protracted? Whathas been at stake? Why did dissident staff and

students commit so much time and energy toestablishing and developing alternative courses and

administrative arrangements?

The dispute involved substantial differences of opinion

about the nature of the curriculum, the style ofteaching, and the structures of power and decision

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Australias Labour Force

1. Go to www.workplace.gov.au2. Click on Labour Market Information Portal (on the right)

3. Click on Labour Force regions data (on the left)

4. Complete the following overview of data for Australias labour force

Working Age Population (15-64): _____________________

Employment Rate (15-64): ___________________________

Unemployment Rate: _______________________________

Participation Rate: __________________________________

Teenage Full-Time UE Rate (15-19): ____________________

Contributed by Lyn Kirkby Monte Sant Angelo Mercy College

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6. Use evidence from the data you have collected in your table to compare and

contrast the labour market characteristics for different states across Australia.

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

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7. Go to Australia and click on the charts for additional information. Outline recent

changes in Australias labour force. In your answer, refer to employment,

unemployment, participation rate, industry and occupation.

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

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Year11EconomicsSynthesisTaskContributed by Lyn Kirkby Monte Sant Angelo Mercy College

________________________________________________________________________________________________________

Themes:

Why do some earn more than others?

Is this fair?

How is the labour market changing?

________________________________________________________________________________________________________

To what extent do incomes from work vary?

______________________________________________________________________________

______________________________________________________________________________

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Distinguish between wage and non-wage outcomes for individuals in different occupational

groups.

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

Use examples to explain the relationship between work and the quality of life.

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

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To what extent do men and women in Australia receive different incomes?

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

Why is this so?

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

What has been the recent trend in unemployment in Australia? Give reasons for the trend.

______________________________________________________________________________

____________________________________________________________________________________________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

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Amessagefromtheeditor

AmessagefromtheEditor.fyouoryourstudentsmissedtheseexcellentopportunities,Sessions1and2oftheGettingtoGripswiththeEconomyseries,putonbytheWhitlamInstituteandtheUWSSchoolofEconomicsandFinance

arenowavailableonline.WerethrilledtosaythattheABChaspickedupontheseriesandhasedited

togethertheirownpodcastsofSession1and2.WealsohaveaYouTubechannel,whereallofthesessions

willappearinfull(albeitcutinto10minutesegmentswhichisaYouTuberequirement).

Please

use

the

following

URL's

to

access

the

podcasts:

www.youtube.com/whitlamuws

ABCForaSession1:http://www.abc.net.au/tv/fora/stories/2009/06/05/2590289.htm

I

SpEakErS

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GETTING TO GRIPSWITH THE ECONOMY

SpEakErS

D Dd Gen is Executive Director, Macroeconomic Group,

Australian Treasury. Previously, he was Head of the Economic

Research Department at the Reserve Bank of Australia. In the early

1990's, he was visiting lecturer in the Economics Department and

the Woodrow Wilson School at Princeton University, USA.

ross Gttns aM has been Economics Editor ofThe Sydney

Morning Heraldsince 1978. He is also a columnist for The Age,

Melbourne, and has worked in the parliamentary press galleries in

Sydney and Canberra.

poesso ptc as is Professor of Public Economics andDirector of Research, Faculty of Law at the University of Sydney.

She is a Fellow of the Academy of Social Sciences in Australia,

and in 2006 was elected the President of the European Society for

Population Economics. Her research covers a wide range of areas

in Public Economics, and has appeared in the leading international

economics and specialist journals.

poesso Bob Gegoy aO is Professor of Economics at the

Research School of Social Sciences within the Australian National

University. He was a member of the Board of the Reserve Bank of

Australia from 1985 1995. He is an elected fellow of the Academy

of Social Sciences, and has been President of the Economic

Society of Australia.

poesso rj Jnn is a leading economist from the School

of Economics and Finance at the University of Western Sydney.He has previously held research and teaching appointments in

the UK, USA, Canada, France, Germany, India and the Sudan. He

has published extensively in macroeconomics, labour economics,

development economics and immigration.

poesso John Qggn is Australian Research Council

Federation Fellow in Economics and Political Science at the

University of Queensland. He is a prominent research economist

and commentator on Australian economic policy and has written

extensively in fields including environmental economics, risk

analysis, production economics and the theory of economic growth.

In April 2009 he wrote a bold and visionary paper for the Whitlam

Institutes new Perspectives series of essays by public intellectuals.

assocte poesso Stee keen is a prominent public economiccommentator, leading researcher and teacher from the School

of Economics and Finance at the University of Western Sydney.

He is the author of the popular book Debunking Economics, and

has written over 40 academic publications. His forthcoming book

about the instability of finance markets, Finance and Economic

Breakdown, will be published by Edward Elgar.

D Gy Debee is Assistant Governor (Financial Markets) at the

Reserve Bank of Australia. He has also worked at the International

Monetary Fund, Bank for International Settlements, Australian

Treasury, and as a visiting professor at the Massachusetts Institute

of Technology.

puBliC iNfOrMaTiON SEriES aT

rivErSiDE THEaTrES, parraMaTTa

Presented by The Whitlam Institute and the

UWS School of Economics and Finance

vENuERiverside Theatre

Corner Church and Market Streets

Parramatta

BOOkiNGSwww.riversideparramatta.com.au

Phone+61 2 8839 3399

TiCkETSIndividual Session: $10.00 (incl. GST)

Seats are limited, so please book early.

School group bookings can be

made by contacting the Whitlam Institute

directly on +61 2 9685 9187

MOrE iNfOrMaTiON

www.whitlam.orgPhone+61 2 9685 9187

8/14/2019 2009, Journal 2

37/37

SESSiON 1

asts Economy:

Styng ot n the gob stom

Tesdy 26 My 2009 5-7m

The Global Financial Crisis or GFC has entered the language

but what does it all mean? This opening session of the series

provides an overview of the Australian economy and of the

challenges confronting it, especially, but not solely, as a result

of the global financial crisis. It examines the key elements

of the Australian economy the history, structure, policy

determinants, changes and challenges of the past 25 years.

keynote See:

Dr David Gruen, Executive Director,

Macroeconomic Group, Australian Treasury

resondent:

Ross Gittins AM, Economics Editor,

The Sydney Morning Herald

SESSiON 2

Httng Home: The domestc mcts

o economc e-gnment

Thsdy 18 Jne 2009 5-7m

How do we really know if and when we are better off? This

session examines the implications for individuals, workers

and households of the emerging economic environment in

Australia taxation, labour market participation, housing,

debt, ageing, fertility, gender and income distribution.

keynote See:

Professor Patricia Apps, Professor of Public Economics and

Director of Research, Faculty of Law, University of Sydney

resondents:

Professor Bob Gregory AO, Professor of Economics, Research

School of Social Sciences, Australian National University

Professor Raja Junankar, School of Economics and Finance,

University of Western Sydney

SESSiON 3

New Tmes New aoches:

Exong asts economc otons

Thsdy 23 Jy 2009 5-7m

What awaits the Australian economy beyond the GFC? This

session takes the opportunity to debate whether it should

be a case of doing what weve done but doing it better, or

whether we need to pursue new options for strengthening

Australias economy. This final session provides an opportunity

for bold thought and discussion about the policy decisions and

immediate actions that need to be considered and adopted

by Australian governments, businesses and individuals amidst

the dramas and uncertainties of the global economy.

keynote See: Professor John Quiggin, Australian Research Council

Federation Fellow in Economics and Political Science,

University of Queensland

resondents:

Associate Professor Steve Keen, School of Economics

and Finance, University of Western Sydney

Dr Guy Debelle, Assistant Governor (Financial Markets),

Reserve Bank of Australia

The global economic situation in 2009 is complex

and rapidly changing. It has been the subject of

much debate and examination internationally, but

what do we really know about the implications

for Australia now and in the future?

The Whitlam Institute and the University of Western

Sydney School of Economics and Finance are presenting

a series of topical, educational forums to help increase

understanding and debate about the state of the

Australian economy, the implications for us all, and

what Australias economic options are in the context of

the continuing and dramatic global economic turmoil.

Bringing together leading economists with a wide

range of backgrounds and viewpoints, Getting to

Grips with the Economy will present up-to-date

information to inform community discussion and debate.

These forums provide a chance to engage with key

economic decision-makers and commentators.

This series is for policy-makers, government

departments and agencies, business people,

civic groups and non-government organisations,researchers, universities, schools and members

of the community who have an interest in the

economy and the options beyond the GFC.

For those who can make it to Parramatta this will

be a unique opportunity to hear from some of

Australias most senior and respected economists

and economic commentators. So sign up for the

series and be part of this exciting opportunity.

GETTING TO GRIPS

WITH THE ECONOMY