On 8th July 2022, the Economics teachers, Diane Calligaro and Sunila Singh, attended the Teacher Immersion Event hosted by the Reserve Bank of Australia (RBA) in Sydney. This event was held after a gap of two years and is attended by a select group of Economics teachers from all states and territories of Australia. It was a whole day event and the "best masterclass" for the Economics teachers.
The Deputy Governor, Michelle Bullock, extended a warm welcome to all teachers. The event started with an economic update from Luci Ellis, Assistant Governor RBA. With the economy at crossroads and interest rates on the rise, the speech was timely and informative. Dr. Marion Kohler, Head of Economic Analysis Department, gave a master class on the implementation of Monetary policy. This is a really interesting process through which the cash rate decisions are made. And yes, we did try to ask about the possible rise(s) in the cash rate!
Unemployment and Inflation, the hottest topics in every part of the world, were the main theme and we were very fortunate that we got to discuss and hear valuable insights about the recent trends. Effective teaching strategies were discussed. Noted economists, Lynne Cockerell, Tom Rosewall, Tomas Cokis and James Bishop took us through some of the tricky concepts in these topics.
Jacqui Dwyer, Head of the Information Department, had organised this wonderful event and we both enjoyed every minute of it. It was a wonderful opportunity to represent Western Australian Economics teachers along with 4 teachers. Interacting with teachers from other states was also very enlightening.
The beautiful day and event came to a close with a befitting address by the Governor, Mr. Philip Lowe. He talked about his passion for Economics and the role of teachers in shaping his career. He was positive about the changing role of Australia and hoped that the future Australia is more diversified, skill based and takes a lead in green technology.
Needless to say, it was inspiring and the best professional development we had attended. We would like to thank the Economics Teachers of Western Australia for providing us with this opportunity. We would also like to convey our sincere thanks to the entire team of RBA for making our trip memorable.
Diane Calligaro and Sunila Singh | Economics Teachers
