Economics

Videos/video slideshows developed with the support of members from the Economics Society of Australia: Young Economists Queensland

Comparative advantage

  E zine 2017 1 Comp Advantage First Frame

Teenfinca® Issue 1, 2017

The principle of comparative advantage tells us that countries will produce and export products in which they have a comparative advantage and import products for which they do not. That advantage brings economic, business and financial benefits to consumers.

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A lesson plan supports this video.
 

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Cost-benefit Analysis

  Tunny Cost Benefit

This video is provided by economist Gene Tunny, Director of Adept Economics and a member of the Economics Society of Australia (Queensland Branch).

In this video, Gene discusses the concept of a cost-benefit analysis and gives examples of its application. (13:50)

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Costs and benefits

  Teenfinca 2015 2 Costs and benefits

Teenfinca 2015 Issue 2: The decision-making concept of weighing up the costs and benefits, is a well-known economic concept. In this video slideshow, this concept is applied to financial decision-making. (4:31)

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Economics has never been more important

  Economics Important

Teenfinca® Issue 2, 2016:

The information in this video slideshow is provided by Gene Tunny, Director at Adept Economics. Gene shares his view on the importance of economic thinking especially in terms of understanding the links between economics and technology, the environment, and local and global financial processes. (4:30)

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Economics: ProBono Econos (Nicholas)

  Nicholas J PBE Intro2

An understanding of economics is very useful when it comes to helping business, organisations, industries and governments. Nicholas Johnson is a student and young entrepreneur who has started ProBono Econos, a non-profit organisation that offers economic services to other entities for no or little cost. His concept is growing rapidly with offices being established in several Australian cities and plans to take it into Asia. In this video Nicholas explains the idea and approach of ProBono Econos. (15.23)

For registered schools, a lesson plan supporting this video is available for download.

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FSC - An Introduction

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For most students, the Financial Services Council (FSC) is an unfamiliar organisation, yet its members employ over 400,000 Australians. This video introduces the purpose and goals of the FSC, with additional questions to stimulate class discussion.

A Teacher Module with lessons supporting this video will soon be published.

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FSC: 10% of Australia’s economy

  FSC Aust Economy 2

For most students, the Financial Services Council (FSC) is an unfamiliar organisation, yet it contributes a minimum of 10% of the Australian economy.

John Brogden, ex-Chief Executive Officer of the FSC, talks briefly about this contribution.

This video also includes questions to stimulate discussion in a senior business or economics class.

A Teacher Module with lessons supporting this video will soon be published.

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FSC: A major contributor to the Australian economy

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For most students, the Financial Services Council (FSC) is an unfamiliar organisation, yet it is members contribute significantly to the Australian economy.

John Brogden, ex-Chief Executive Officer of the FSC, talks briefly about the contribution of its members.

This video also includes questions to stimulate discussion in a senior business or economics class.

A Teacher Module with lessons supporting this video will soon be published.

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FSC: Growth in export of financial services

  FSC Growth export Thumb 3

For most students, the Financial Services Council (FSC) is an unfamiliar organisation, yet its members’ services are increasingly being exported internationally.

John Brogden, ex-Chief Executive Officer of the FSC, talks briefly about this export growth.

This video also includes questions to stimulate discussion in a senior business or economics class.

A Teacher Module with lessons supporting this video will soon be published.

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FSC: State of the financial services industry

  FSC State of Industry Thumb 2

For most students, the Financial Services Council (FSC) is an unfamiliar organisation. One of its roles to promote and develop the industry both nationally and internationally. John Brogden, ex-Chief Executive Officer of the FSC, talks briefly about the state of the industry in 2013.

This video also includes questions to stimulate discussion in a senior business or economics class.

A Teacher Module with lessons supporting this video will soon be published.

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