Economic
Fundamentals In
Australia
Welcome
Economic Fundamentals In Australia
This website is solely designed to support purchasers of the 8th edition of the text ‘Economic Fundamentals in Australia’, written by Romeo Salla, David MacGregor, Timmee Grinham and Rachelle Simpson. The website will be updated over time to include activities that support both the content and exercises contained in this popular textbook.
Chapter activities: sample answers
AOS Activity Centres
At the end of each Area of Study, the text includes a comprehensive Activity Centre (five in total) containing practice SAC and examination questions, in addition to a giant review crossword puzzle for each AOS. The complete answers for all of the questions (including xword) from the activity centres can be downloaded below.
Please note that it represents a breach of copyright laws to photocopy the questions from each activity centre and then download the answers from this website (e.g. for class use in non-booklisted schools). The answers are designed for the exclusive use of purchasers of the text.
About the authors
Romeo Salla completed Honours and Masters degrees in Commerce (Economics major) at the University of Melbourne before moving to Canberra to work as an Economist with the Commonwealth Department of Treasury. After a few years he was promoted within the federal bureaucracy to the position of Senior Economist with the Industry Commission (now Productivity Commission). Since 1996 he has been employed as a Senior Teacher and Head of Faculty at large private schools in Melbourne, teaching VCE and IB Economics, as well as working more widely in Economics education. Romeo has held positions of responsibility with the Victorian Curriculum and Assessment Authority (VCAA) as an assessor of final examinations, including as Chief Assessor, and is also the founder of the website www.economicstutor.com.au. He is also a co-author of the CPAP Study Guide to VCE Economics and co-author of Economics from the Ground Up (CPAP). Romeo regularly presents to Economics teachers and students on behalf of the VCTA and CPAP and is a prolific writer of assessment tasks and practice examinations. He has also developed the popular smartphone app (Economics Tutor), containing 1000+ multiple choice and short answer questions.
Timmee Grinham completed a Bachelor of Economics (Economics and Politics majors) with Honours in Politics and a Graduate Diploma in Education at Monash University, Melbourne. Following her undergraduate studies, Timmee worked towards a PhD in Women’s Studies, during which time she was employed as a Tutor and sessional Lecturer. Timmee was the Assistant Editor of the Australian Tax Forum during her undergraduate studies, and she worked as an editor for the Monash Postgraduate Association. Timmee has worked as a senior Commerce (Economics and Business Management) and Humanities teacher at several government and independent schools. Timmee is particularly passionate about the role of women in economic decision-making and promoting the study of Economics among girls. She contributes to various publications and presents professional development sessions to other teachers of Economics. Timmee is also author of the quarterly CPAP Updates for VCE Economics Units 3 and 4 and co-author of Economics from the Ground Up (CPAP). Timmee has worked as an assessor of final examinations in VCE Economics (including as Assistant Chief Assessor) and Business Management, and chairs the Economics Advisory Group of the VCTA. Since 2017, Timmee has served as a member of the Reserve Bank of Australia Educators Advisory Panel. Timmee was a member of the panel of experts that developed the new VCE Economics study design, including supporting its implementation..
Christopher Christies completed a Bachelor of Economics degree (Economics major) and a Graduate Diploma in Education at Monash University. He has taught in government, Catholic and independent schools, and in both co-educational and single gender settings for over 25 years. During this time he has also served as Head of Humanities & Business Studies. Since 2014 he has taught at Penleigh and Essendon Grammar School, where he is also Year 12 Coordinator. Christopher has held positions of responsibility with the Victorian Curriculum and Assessment Authority (VCAA) as an assessor of final examinations (including Chief Assessor, Assistant Chief Assessor) and was a member of the panel of experts that developed the new VCE Economics Study Design and advice for teachers. Christopher presents Professional Development workshops for Economics teachers for the VCTA. Additionally, he is a regular contributor to the VCTA’s Compak journal and writes examinations for commercial publications.
Rachelle Simpson discovered her passion for Economics in high school in NSW and went on to complete at a Bachelor of Economics at the Australian National University. Following this she completed a Master of Business in Marketing at Charles Sturt University and then a PhD in Applied Economics at Victoria University where she examined the relationship between globalisation and development in the world’s poorest countries. Rachelle’s particular areas of interest are trade, how countries achieve economic progress and economic history. Prior to becoming a teacher, Rachelle worked in the finance industry sectors of banking, superannuation and insurance and held leadership roles in operations, compliance, business transformation and project delivery. Since becoming a teacher Rachelle has taught in both independent and Catholic schools in Victoria. Her teaching experience encompasses a range of Commerce and Humanities subjects including the VCE subjects of Economics, Accounting, Business Management and Australian and Global Politics. Rachelle is on the Victorian Commercial Teacher’s Association Economics Advisory Committee (VCTA). She has also contributed to VCTA’s Compak journal and is an assessor of VCE Economics examinations for the Victorian Curriculum and Assessment Authority (VCAA).
