|Business booming at Global Trade Fair - 16 June 2015|
This semester, the Business and Technology Faculty was proud to launch the College’s first “Global Trade Fair”. Year 10 Economics and Business students were excited to establish and operate their own global business venture at this extravaganza event.
As part of their study, students investigated the current global business environment and the impact of Australian businesses trading with a number of international organisations. For their assessment, students developed a unique product to sell at the Global Trade Fair and then participate in the planning process of selling that product in a specific overseas marketplace (in accordance with various government regulations, economic considerations, legal requirements and cultural implications).
The fair was a huge success and the students would like to thank the Lourdes Hill College community for supporting them in this initiative. Proceeds from the sale of their products were given to their nominated charity, Caritas Australia.
The Global Trade Fair was a fantastic opportunity to prepare students for the “PierSim Business Island Simulation” experience. PierSim is a world-first approach to teaching Economics and Business Education which enables students to own and operate their businesses in an ‘in-world’ and ‘out-world’ virtual simulation. From designing their products to seeing how the share price of their business was trading on the virtual stock exchange, our students adopted the role of an avatar and had trade within the “PierSim Business Island Simulation” program. Students were then assessed on their economics and business decision-making skills throughout the trading period and applied their learnt theory to practice.
PierSim is an excellent example of how subject-specific technologies can achieve the intention of the ICT general capabilities that are embedded within the Australian Curriculum for Economics and Business.
Head of Faculty – Business and Technology