The Individual and the Economy – CIE3M
This course explores issues and challenges facing the Canadian economy as well as the implications of various responses to them. Students will explore the economic role of firms, workers, and government as well as their own role as individual consumers and contributors, and how all of these roles contribute to stability and change in the Canadian economy. Students will apply the concepts of economic thinking and the economic inquiry process, including economic models, to investigate the impact of economic issues and decisions at the individual, regional, and national level.
Prerequisite: Canadian History since World War I, Grade 10, Academic or Applied
$500.00
Course Overview – The Individual and the Economy (CIE3M)
Strand A – Economic Inquiry and Skill Development
A1. Economic Inquiry: Use the economic inquiry process and the concepts of economic thinking when investigating current economic issues in Canada.
A2. Developing Transferable Skills: Apply in everyday contexts skills developed through economic investigation, and identify various careers in which a background in economics might be an asset.
Concepts of Economic Thinking: Integrated across all strands
Big Idea: Economic thinking and inquiry are essential across all areas of economics.
Strand B – Fundamentals of Economics
B1. Scarcity and Choice: Analyse the relationship between scarcity and choice and how these considerations affect economic decision making.
Concepts: Economic Significance; Cause and Effect
Big Idea: Scarcity affects decision making.
B2. Economic Models: Apply economic models to analyse economic choices and issues affecting Canada and Canadians.
Concepts: Cause and Effect; Stability and Variability
Big Idea: Economists use models to understand and predict economic change.
B3. Political and Economic Systems: Analyse how different political and economic systems and entities, including governments in Canada, make economic decisions.
Concepts: Stability and Variability; Economic Perspective
Big Idea: Political values influence economic decisions, and vice versa.
B4. Financial Planning: Demonstrate an understanding of key considerations related to personal financial planning, and use economic data to analyse the costs and benefits of personal financial decisions.
Concepts: Economic Significance; Economic Perspective
Big Idea: Decision making in saving, spending, and debt is complex.
Strand C – Economic Challenges and Responses
C1. Market Systems: Analyse how various factors, including the practices of different stakeholders, affect markets and the value of goods.
Concepts: Cause and Effect; Economic Perspective
Big Idea: Stakeholders have different views on markets.
C2. Workers in Canada: Explain the main roles, practices, and concerns of workers, both organized and unorganized, in Canada.
Concepts: Economic Significance; Economic Perspective
Big Idea: Workers have both rights and responsibilities.
C3. Employment Patterns and Trends: Analyse patterns and trends related to employment and unemployment in Canada, their causes, and their impact on individuals and society.
Concepts: Cause and Effect; Stability and Variability
Big Idea: Employment evolves with education, technology, and supply/demand.
C4. Economic Inequality: Analyse causes and measures of, as well as responses to, economic inequality in Canada.
Concepts: Stability and Variability; Economic Perspective
Big Idea: Inequality is shaped by many factors and addressed in varied ways.
Strand D – Interrelationships among Economic Citizens
D1. Producers and Consumers: Analyse ways in which producers and consumers participate in the Canadian economy and some ways in which governments affect this participation.
Concepts: Economic Significance; Cause and Effect
Big Idea: Governments influence economic participation.
D2. Government Intervention: Analyse various ways in which governments in Canada intervene in the economy as well as factors that influence this intervention.
Concepts: Cause and Effect; Stability and Variability
Big Idea: Governments act to promote growth and reduce inequality.
D3. Economic Citizenship: Explain the roles, perspectives, and influence of various economic citizens in Canada.
Concepts: Stability and Variability; Economic Perspective
Big Idea: Citizens have rights and differing views on economics.
Strand E – Economic Interdependence
E1. Perspectives on Scarcity and Sustainability: Analyse competing perspectives on scarcity and sustainability in Canada and assess their significance.
Concepts: Stability and Variability; Economic Perspective
Big Idea: Scarcity and sustainability provoke diverse responses.
E2. Weighing Trade-offs and Making Choices: Explain the criteria that governments and firms in Canada use to weigh trade-offs and make economic choices.
Concepts: Cause and Effect; Stability and Variability
Big Idea: Trade-offs are necessary due to resource scarcity.
E3. Economic Globalization: Assess the impact of globalization, including international trade and investment, on the Canadian economy.
Concepts: Economic Significance; Economic Perspective
Big Idea: Globalization has both benefits and drawbacks.
Course Details
| Course Code | CIE3M |
| Course Type | Mixed |
| Format | Online School Course |
| Prerequisite | Canadian History since World War I, Grade 10, Academic or Applied |
| Tuition Fee | 500 |
| Department | Canadian and World Studies |
| Course Title | The Individual and the Economy |
| Grade | Grade 11 |
| Credit Value | 1.0 |
