Commerce Presentations and Publications

ECONOMIC FUNDAMENTALS IN AUSTRALIA (6th edition )

Romeo Salla, David MacGregor and Timmee Grinham


The text closely follows the VCE Economics Study Design (2017-2021) and is written by three experienced teachers of VCE Economics.  It includes all the information students need to know in order to satisfactorily complete the VCE Economics Units 3 & 4 course.  The 6th edition has been fully updated and revised with new engaging activities, updated statistics and support from a stand alone website dedicated to the text [www.economicfundamentals.com.au] making it a valuable resource to students of VCE Economics.

Economic Fundamentals in Australia includes the following features:



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ISBN:   978-1-921813-47-4  

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Romeo Salla completed Honours and Masters degrees in Commerce (Economics major) at the University of Melbourne before moving to Canberra to work as an Economist with the Commonwealth Department of Treasury. After a few years he was promoted within the federal bureaucracy to the position of Senior Economist with the Industry Commission (now Productivity Commission). Since 1996 he has been employed as a Senior Teacher and Head of Faculty at large private schools in Melbourne, most recently having taught VCE and IB Economics at Geelong Grammar.  Romeo has held positions of responsibility with the Victorian Curriculum and Assessment Authority (VCAA) as an assessor of final examinations and is also the founder of the website www.economicstutor.com.au.  He is also a co-author of the CPAP Study Guide to VCE Economics, co-author of Monumental Humanities 3 (Cambridge) and co-author of Economics from the ground up (CPAP). Romeo regularly presents to Economics teachers and students on behalf of the VCTA and CPAP and is a prolific writer of assessment tasks and practice examinations.  He has also developed the popular smartphone App (Economics Tutor), containing 1000+ multiple choice and short answer questions.


David  MacGregor completed Honours and Masters degrees in Commerce (Economics major) at the University of Melbourne.  He was employed by the University as an Assistant Lecturer in the Institute of Education as well as a Tutor in 1st and 2nd year Macroeconomics, Microeconomics and Econometrics.  Since completing his Diploma of Education he has taught at Ballarat Grammar, Lauriston Girls’ School, Camberwell Grammar and Mazenod College.  Currently, David is Head of Commerce at Presbyterian Ladies’ College and teaches both IB and VCE Economics. He has held positions of responsibility with the Victorian Curriculum and Assessment Authority (VCAA) as a State Reviewer and as an examination assessor. He has also contributed to various publications and regularly presents to economics teachers and students on behalf of the VCTA and CPAP.  David  was a member of the panel of experts that developed the new VCE Economics study design.


Timmee Grinham completed a Bachelor of Economics (Economics and Politics majors) with Honours in Politics and a Graduate Diploma in Education at Monash University, Melbourne. Following her undergraduate studies, Timmee worked towards a PhD in Women’s Studies, during which time she was employed as a Tutor and sessional Lecturer. Timmee was the Assistant Editor of the Australian Tax Forum during her undergraduate studies, and she worked as an editor for the Monash Postgraduate Association, acquiring skills she brought to the co-editing of this textbook.  Since completing her Graduate Diploma in Education, Timmee has worked as a senior Commerce (Economics and Business Management) and Humanities teacher at several government and independent schools. Timmee contributes to various publications and presents professional development sessions to other teachers of Economics. She is also author of the quarterly CPAP Updates for VCE Economics Units 3 and 4 and co-author of Economics from the Ground Up (CPAP, 2017). Timmee has worked as an assessor of final examinations in VCE Economics and Business Management, and chairs the Economics Advisory Group of the VCTA. In 2017, Timmee was appointed as a member of the inaugural Reserve Bank of Australia Educators Advisory Panel. Timmee currently teaches at Fintona Girls’ School.

Intro pages EFA Chapter 1 EFA Chapter 2 EFA Chapter 3 EFA

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