Entrants for the 2019 Schools Economics Competition were asked to prepare a 1,000 word essay addressing one of the following two questions:
Using economic indicators of the Western Australian economy in tables and/or graphs, analyse the current state of the Western Australian economy and identify the major economic issues it is facing.
Based on the data, prepare advice for the Treasurer of Western Australia describing the States’ economic growth story and recommending a plan of action for the Government to improve Western Australia’s economic performance.
The last decade has seen big changes to the global economic order: the rise and fall of free trade and globalisation, the growth of the sharing economy, the rise of Asia as an economic power, the introduction of artificial intelligence in the workforce, rising inequality, the continued growth of multinational companies … the list goes on.
Choose any two major global economic changes and discuss how each has impacted on the Australian economy and in particular on the Western Australia economy.
Entries for the competition closed on Thursday 25 July 2019 with the top three entrants invited to give a short presentation on their submissions to the judging panel and key Treasury officials at a final’s day event, held at the Department of Treasury on 27 September 2019.
Finalists were assessed on their submitted entries in conjunction with the presentation provided to the judges on the final’s day. The judging panel, consisted of Marny Marsh, Manager, Office of the Under Treasurer, Treasury, and Greg Parry and Steven Kemp from the Economic Teachers Association of Western Australia.