Analysing Current Economic Issues, Grade 12
This course examines current Canadian and international economic issues, developments, policies, and practices from diverse perspectives. Students will explore the decisions that individuals and institutions, including governments, make in response to economic issues such as globalization, trade agreements, economic inequalities, regulation, and public spending. Students will apply the concepts of economic thinking and the economic inquiry process, as well as economic models and theories, to investigate, and develop informed opinions about, economic trade-offs, growth, and sustainability and related economic issues.
$990.00
Curriculum Overall Expectations:
A. ECONOMIC INQUIRY AND SKILL DEVELOPMENT
A1. Economic Inquiry: use the economic inquiry process and the concepts of economic thinking when investigating current Canadian and international economic issues;
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.
B. FUNDAMENTALS OF ECONOMICS
B1. Scarcity and Choice: demonstrate an understanding of the significance of the concept of scarcity and how it influences economic choices and decisions of various economic stakeholders
B2. Supply and Demand Models: demonstrate an understanding of supply and demand models, including how to apply these models, and of factors that affect supply and demand
B3. Growth and Sustainability: analyse aspects of economic growth/development, including its costs, benefits, and sustainability
B4. Economic Thought and Decision Making: analyse how economic and political ideas and various sociocultural factors affect economic decision making
C. FIRMS, MARKETS, AND ECONOMIC STAKEHOLDERS
C1. The Firm and Market Structures: demonstrate an understanding of markets and theories of the firm
C2. Economic Trade-Offs and Decisions: analyse economic trade-offs from the perspective of different stakeholders, including those in different countries, and how trade-offs influence economic decisions
C3. The Role of Government in Redressing Imbalance: explain ways in which governments, both in Canada and internationally, intervene in the economy to help address social needs and economic imbalances
D. MACROECONOMICS
D1. Macroeconomic Models and Measures: demonstrate an understanding of various macroeconomic models and measures, including indicators used to measure economic inequalities, and assess their usefulness
D2. Fiscal Policy: demonstrate an understanding of fiscal policy in Canada, including how it is shaped and its impact
D3. Monetary Policy: analyse various aspects of monetary policy in Canada and their impact on the economy
E. GLOBAL INTERDEPENDENCE AND INEQUALITIES
E1. Theories and Models of International Trade: analyse various theories, models, and issues relating to international trade
E2. International Economic Developments: analyse the impact of some key international economic events and developments as well as various responses to them
E3. International Economic Power and Inequality: explain the main causes and effects of global economic disparities and assess the effectiveness of responses to these disparities
Course Details
| Course Code | CIA4U |
| Course Type | University Preparation |
| Format | University/College Preparation |
| Prerequisite | Any university or university/college preparation course in Canadian and world studies, English, or social sciences and humanities |
| Tuition Fee | 650 – 1300 |
| Department | Social Studies |
| Course Title | Analysing Current Economic Issues. |
| Grade | Grade 12 |
| Credit Value | 1.0 |
Outline of Course Content
| Unit | Title | Time |
| 1 | Foundations/Fundamentals of Economics. | 25 hours |
| 2 | Firms, Markets, and Economic Stakeholders | 34 hours |
| 3 | Macroeconomics | 26 hours |
| 4 | Global Interdependence and Inequalities | 15 hours |
| 5 | Culminating Assignments | 10 Hours |
| Total | 110 hours |
Course Details
| Course Code | CIA4U |
| Course Type | University Preparation |
| Format | University Preparation |
| Prerequisite | Any university or university/college preparation course in Canadian and world studies, English, or social sciences and humanities |
| Tuition Fee | 650 – 1300 |
| Department | Social Studies |
| Course Title | Analysing Current Economic Issues |
| Grade | Grade 12 |
| Credit Value | 1.0 |
Curriculum Overall Expectations:
A. ECONOMIC INQUIRY AND SKILL DEVELOPMENT
A1. Economic Inquiry: use the economic inquiry process and the concepts of economic thinking when investigating current Canadian and international economic issues;
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.
B. FUNDAMENTALS OF ECONOMICS
B1. Scarcity and Choice: demonstrate an understanding of the significance of the concept of scarcity and how it influences economic choices and decisions of various economic stakeholders
B2. Supply and Demand Models: demonstrate an understanding of supply and demand models, including how to apply these models, and of factors that affect supply and demand
B3. Growth and Sustainability: analyse aspects of economic growth/development, including its costs, benefits, and sustainability
B4. Economic Thought and Decision Making: analyse how economic and political ideas and various sociocultural factors affect economic decision making
C. FIRMS, MARKETS, AND ECONOMIC STAKEHOLDERS
C1. The Firm and Market Structures: demonstrate an understanding of markets and theories of the firm
C2. Economic Trade-Offs and Decisions: analyse economic trade-offs from the perspective of different stakeholders, including those in different countries, and how trade-offs influence economic decisions
C3. The Role of Government in Redressing Imbalance: explain ways in which governments, both in Canada and internationally, intervene in the economy to help address social needs and economic imbalances D. MACROECONOMICS
D1. Macroeconomic Models and Measures: demonstrate an understanding of various macroeconomic models and measures, including indicators used to measure economic inequalities, and assess their usefulness
D2. Fiscal Policy: demonstrate an understanding of fiscal policy in Canada, including how it is shaped and its impact
D3. Monetary Policy: analyse various aspects of monetary policy in Canada and their impact on the economy
E. GLOBAL INTERDEPENDENCE AND INEQUALITIES
E1. Theories and Models of International Trade: analyse various theories, models, and issues relating to international trade
E2. International Economic Developments: analyse the impact of some key international economic events and developments as well as various responses to them
E3. International Economic Power and Inequality: explain the main causes and effects of global economic disparities and assess the effectiveness of responses to these disparities
Outline of Course Content
| Unit | Title | Time |
| 1 | Foundations/Fundamentals of Economics. | 25 hours |
| 2 | Firms, Markets, and Economic Stakeholders | 34 hours |
| 3 | Macroeconomics | 26 hours |
| 4 | Global Interdependence and Inequalities | 30 hours |
| 5 | Culminating Assignments | 15 Hours |
| Total | 110 hours |
