CIE3M – The Individual and the Economy – Grade 11
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.
$450.00
*Course outline is subject to change
Overall Curriculum Expectations
Throughout the course, students will be provided with numerous and varied opportunities to demonstrate the full extent of their achievement of the curriculum expectations, across all four categories of knowledge and skills. Evaluations will reflect each student’s most consistent level of achievement. The overall learning expectations for this course are encompassed in the following strands:
ECONOMIC INQUIRY AND SKILL DEVELOPMENT
By the end of this course, students will:
- Use the economic inquiry process and the concepts of economic thinking when investigating current economic issues in Canada
- Apply in everyday contexts skills developed through economic investigations, and identify various careers in which a background in economics might be an asset.
FUNDAMENTALS OF ECONOMICS
By the end of this course, students will:
- Analyse the relationship between scarcity and choice and how these considerations affect economic decision making (FOCUS ON: Economic Significance; Cause and Effect)
- Apply economic models to analyse economic choices and issues affecting Canada and Canadians (FOCUS ON: Cause and Effect; Stability and Variability)
- Analyse how different political and economic systems and entities, including governments in Canada, make economic decisions (FOCUS ON: Stability and Variability; Economic Perspective)
- 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
ECONOMIC CHALLENGES AND RESPONSES
By the end of this course, students will:
- Analyse how various factors, including the practices of different stakeholders, affect markets and the value of goods (FOCUS ON: Cause and Effect; Economic Perspective)
- Explain the main roles, practices, and concerns of workers, both organized and unorganized, in Canada (FOCUS ON: Economic Significance; Economic Perspective)
- Analyse patterns and trends related to employment and unemployment in Canada, their causes, and their impact on individuals and society (FOCUS ON: Cause and Effect; Stability and Variability)
- Economic Inequality: analyse causes and measures of, as well as responses to, economic inequality in Canada (FOCUS ON: Stability and Variability; Economic Perspective)
INTERRELATIONSHIPS AMONG ECONOMIC CITIZENS
By the end of this course, students will:
- Producers and Consumers: analyse ways in which producers and consumers participate in the Canadian economy and some ways in which governments affect this participation (FOCUS ON: Economic Significance; Cause and Effect)
- Government Intervention: analyse various ways in which governments in Canada intervene in the economy as well as factors that influence this intervention (FOCUS ON: Cause and Effect; Stability and Variability)
- Economic Citizenship: explain the roles, perspectives, and influence of various economic citizens in Canada (FOCUS ON: Stability and Variability; Economic Perspective)
Outline of Course Content
In this unit, you will be introduced to the aspects of economics that make it a social science. You will be introduced to the concepts of demand, supply, and most importantly scarcity. You will also be introduced to the various economic models and the solutions that each one provides to fundamental economic questions.
In this unit, you will learn about the application of economics to businesses. You will identify the taxing schemes for businesses. You will also learn about how businesses plan and arrange their finances according to economic principles. Lastly, you will explore economics and decision-making as it pertains to your personal budgets.
In this unit, you will be introduced to the aspects of economics that make it a social science. You will be introduced to the concepts of demand, supply, and most importantly scarcity. You will also be introduced to the various economic models and the solutions that each one provides to fundamental economic questions.
In this unit, you will be introduced to some of the main issues in microeconomics. Microeconomics refers to the ways that governments deal with economic issues. Macroeconomics explores the nationwide questions of economic decision-making. You will be introduced to foreign trade, labour unions, inflation, and unemployment.
Students will have time to review and then they will write their final exam. The exam will cover all curriculum expectations. Students will also perform a culminating activity which complements what was developed in the analytical section of the final exam. In this section, students will reinforce their argumentative skills through a presentation.