Dufferin-Peel CDSB - Holy Name of Mary Catholic Secondary School

CIE 3M1: The Individual and the Economy, Grade 11, University/College

COURSE DESCRIPTION:

This course introduces students to economic concepts that shape the Canadian economic environment as well as the global economy. These concepts will assist students in making informed decisions about how to use resources to satisfy their needs and wants. Students will use economic concepts and models to analyze the choices they make as consumers, contributors, and citizens. As well as understand government intervention and regulation in the marketplace. Students will also complete a comprehensive study of the stock market, competing nationwide in stock market simulations with the University of Nipissing (October – November) and the University of Wilfrid Laurier (February – May).

Prerequisite: Canadian History Grade 10, Academic or Applied (CHC 2D1 or CHC 2P1)

Text: Made in Canada, Economics for Canadians, 3rd Edition, James Thexton.

Strand

Overall Expectations

Economic Decision Making

explain how the scarcity of economic resources requires individuals and societies to make economic choices;

explain the principles of sound personal financial planning;

analyze trends in labour markets.

Economic Stakeholders

analyze the factors that influence consumer demand and satisfaction in the marketplace ;

explain a variety of ways in which individuals (“producers”) contribute to the economy ;

analyze the factors that affect the socio-economic position of people in Canada;

describe the economic rights and responsibilities of citizens.

Self-Interest and Interdependence

explain how self-interest in a market makes consumers and producers interdependent;

describe ways in which governments in Canada intervene in the economy to balance the competing self-interests of stakeholders;

assess the extent, nature, and impact of Canada’s economic interdependence with other nations.

Economic Institutions

identify the distinguishing characteristics of Canada’s economic system;

explain the functions of markets, profits, and the process of economic decision making in the private sector;

analyze the role and impact of government in the Canadian economy;

analyze the role and impact of organized labour in the Canadian economy

Methods of Economic Inquiry and Communication

use methods of economic inquiry to locate, gather, evaluate, and organize information from a variety of sources;

analyze specific economic situations, using appropriate economic concepts, models, and methods of economic inquiry;

communicate the results of economic inquiries, using appropriate economic terms and concepts and a variety of forms.

UNITS OF STUDY:

1. Introduction to Economics
2. The Stock Market
3. Microeconomics
4. Macroeconomics
5. The Labour Market
6. International Trade

EVALUATION:

Final Evaluation

Formal Evaluation - Exam 20%

Stock Market Portfolio - CPT 10%

Term

Knowledge and Understanding                              25%

Application                                                       25%

Thinking/Inquiry and Problem Solving                     10%

Communication                                                  10%

Total Evaluation                                                      100%

Strand	Overall Expectations
Economic Decision Making	explain how the scarcity of economic resources requires individuals and societies to make economic choices; explain the principles of sound personal financial planning; analyze trends in labour markets.
Economic Stakeholders	analyze the factors that influence consumer demand and satisfaction in the marketplace ; explain a variety of ways in which individuals (“producers”) contribute to the economy ; analyze the factors that affect the socio-economic position of people in Canada; describe the economic rights and responsibilities of citizens.
Self-Interest and Interdependence	explain how self-interest in a market makes consumers and producers interdependent; describe ways in which governments in Canada intervene in the economy to balance the competing self-interests of stakeholders; assess the extent, nature, and impact of Canada’s economic interdependence with other nations.
Economic Institutions	identify the distinguishing characteristics of Canada’s economic system; explain the functions of markets, profits, and the process of economic decision making in the private sector; analyze the role and impact of government in the Canadian economy; analyze the role and impact of organized labour in the Canadian economy
Methods of Economic Inquiry and Communication	use methods of economic inquiry to locate, gather, evaluate, and organize information from a variety of sources; analyze specific economic situations, using appropriate economic concepts, models, and methods of economic inquiry; communicate the results of economic inquiries, using appropriate economic terms and concepts and a variety of forms.