2022 Economics Challenge

Take part in the Economics Challenge!

Economics is everywhere, it explores human impacts at a domestic and international level. It informs policy and government strategy behind issues including crime, the environment, health, regional development, and education.

The Economics Challenge is a free whole-day event that provides students in years 11-12 with the opportunity to develop their Economic mindset. Your students will experience:

  • A series of interactive and interesting activities delivered by our experts
  • Keynote speaker: Senator Peter Whish-Wilson
  • Student networking
  • Opportunities to explore career pathways, scholarships and campus facilities
  • Prizes, quizzes and music

NOTE* This event has concluded for 2022. Contact tas.future.students@utas.edu.au if you'd like your students to take part in April/May 2023.

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Economic knowledge provides students with a strategic and comprehensive way of thinking about the world around them. Economics is the study of how people make choices under scarce conditions, and the impacts and results those choices have on society. Specifically, economics considers four factors:

  1. Scarcity
  2. Resources
  3. Response to incentives
  4. Decision making

Behavioural Economics in Action

With Swee-Hoon Chuah

Professor Swee-Hoon Chuah shows you some of the tools that governments, marketers, politicians and even teachers use to influence the decisions you make. She explains what Economics is (in a nutshell), and why Behavioural Economics is a useful lens for understanding how people make decisions. This activity includes a fun and interactive Kahoot! quiz – Get ready to challenge each other for some exciting prizes!

Fisheries Experiment

This experiment will have students act as fishers within a multispecies fishery; the results will be related to Australian and Tasmanian fisheries policy.

The experiment identifies

  • How scarcity and limited resources drive a particular behaviour and how that can translate into political pressure.
  • It further relates issues of property rights and market failure
  • The need for government intervention in Australia.

International Trade Game (South only)

In this experiment students will be “born” into countries with different levels of resources with which they will produce final goods to be sold onto the market.

This experiment is designed to reinforce students understanding of:

  • The concepts of comparative advantage and
  • The implications of international trade for productivity, growth and sustainable resource use.

The Fiscal Ship Challenge (North only)

With Maria Yanotti

Federal government policy shapes our country. Policy makers must make choices about where resources are best allocated. Should they favour the environment, job security, education, or health? What do you think governments should spend money on?

In this activity, your team will be challenged to choose policies that align with the values of your ideal country. Manage the budget so it’s sustainable. Try not to throw your country into debt!

Want to chat about it?

Email Gemma Donnelly.