Year 11 Economics at RMIT and Queen Victoria Markets

On Tuesday 14 May, Year 11 Economics students travelled into the city to take part in activities related to their studies in Unit 1. They attended a session at RMIT with Dr Ananta Neelim, an expert in the field of Behavioural Economics and the study of the influences on consumer behaviour and decision making. The session was interactive, with students participating in polls designed to demonstrate how marketing and framing can be used to influence consumer thinking. 

The students then visited the Queen Victoria Markets in order to make connections between the theory and workings of markets in Australia. They were able to gather information about how the level of competition and market power influences prices. Thank you to Mrs Patty Kain for attending with us on the day.