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  • Writer's pictureShaun Brien

Should I “watch the news” while studying VCE Economics?

Updated: Jan 19, 2021

One of the most common recommendations teachers seem to give to their students at the beginning of VCE Economics is “you should be watching the news”.

I know I’m guilty of saying it to my classes on more than one occasion.


Should you actually be watching the news though? The news media in Australia has inherent biases towards specific political agendas and therefore the news you’re receiving has been presented in a very specific manner. This often means the news is one sided and does not tell the full story about the economic impacts of what is happening across the nation. This goes both ways the Murdoch media (news.com.au etc) leans heavily to the right and therefore tends to support any liberal policies and criticize any political decisions made by the left. Meanwhile the more left leaning media (abc news for example) may skew too far in the opposite direction.

Either way it is 2021 now, you should not be watching the 6pm news on TV as it will just be a collection of stories designed to gain the tv network ratings. Also the news cycle is 24/7 now and news is available all of the time. I honestly recommend reading the news from as wide of a range of sources as possible to gain a holistic view of the economy.

I also hope that your teacher will be able to break down any major economic events for you in class in a non bias way to help you fully understand how the world is changing. Finally, some unbiased sources for


In summary: if you spent 30 minutes a night watching the 6pm news for 200 days of VCE, that’s 100 hours or more than 4 days of your life wasted. Much like the economy you should aim to be as efficient in your consumption of news.

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Shaun Brien
Shaun Brien
Jan 19, 2021

Hey Panda2pandan, Thank you for the feedback. In terms of news sources for how the economy is performing. The summary of the RBA's monthly meetings is incredibly useful to know how we are performing in each of the governments key goals. (https://www.rba.gov.au/publications/smp/) With general policy announcements etc. I tend to favour the abc (but I'm more left leaning) but I also the Australian Financial Review is a good source of economic information also. I hope this was helpful! And if you have any ideas of anything else I can write/make a video about let me know!

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panda2pandan
Jan 18, 2021

Hi Shaun, first of all can I just say your blogs and videos are really informative and I just wanted to thank you for that! I also just had a quick question what news sources would you recommend for students to read/watch?

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