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.
- Unit 1 | Some overlap with Unit 1 CIE3M
- Unit 4 | Some overlap with Unit 2 CGW4U and Unit 1 and 2 BBB4M.
Course Strands with links
- Skill Unit: Economic Inquiry and Skill Development
- Unit 1 Fundamentals of Economics
- Unit 2 Firms, Markets, and Economic Stakeholders
- Unit 3 Macroeconomics
- Unit 4 Global Interdependence and Inequalities
The course runs for a total of 110 hours. The lessons outlined below are all structured for 100 minutes of instruction time, unless otherwise stated.
The 110 hours also includes additional time that may be allocated for assignments, tests and the independent study unit, at the teacher’s discretion.
The first and second lesson are free! Then individual lessons are priced at $5 or the whole course at $95
- Introduction Materials:
- First Day Handout [see whole course resources below]
- Independent Study Unit [see whole course resources below]
- Skill Unit – 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.
- **Please note: The above unit and its two components will be taught through the other four units of inquiry.
- Unit 1 – 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.
- Lesson 1. Principles of Economics [Free]
- Lesson 2. Scarcity and Cost [Free]
- Lesson 3. Factors of Production
- Lesson 4. The Production Possibilities Curve
- Lesson 5. Demand and Supply | Part 1
- Lesson 6. Demand and Supply | Part 2
- Lesson 7. Externalities
- Lesson 8. The Island Game
- Lesson 9. Economic Systems | Part 1
- Lesson 10. Economic Systems | Part 2
- Lesson 11. Canada’s Mixed Market System
- Lesson 12. Economic Thinkers
- Unit 2 – Firms, Markets, and 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.
- Lesson 1. Types of Business
- Lesson 2. Market Structures
- Lesson 3. Technology and Business
- Lesson 4. Business Regulations
- Lesson 5. The Black Market | Part 1
- Lesson 6. The Black Market | Part 2
- Lesson 7. Economic Trade-offs | Part 1
- Lesson 8. Economic Trade-offs | Part 2
- Lesson 9. Government Policies | Part 1
- Lesson 10. Government Policies | Part 2
- Unit 3 – 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.
- Lesson 1. Introduction to Macroeconomics
- Lesson 2. The Business Cycle
- Lesson 3. Aggregate Demand and Supply | Part 1
- Lesson 4. Aggregate Demand and Supply | Part 2
- Lesson 5. Macroeconomic Indicators | Part 1
- Lesson 6. Macroeconomic Indicators | Part 2
- Lesson 7. Fiscal Policy | Part 1
- Lesson 8. Fiscal Policy | Part 2
- Lesson 9. Monetary Policy | Part 1
- Lesson 10. Monetary Policy | Part 2
- Unit 4 – Economic 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, and investment, on the Canadian economy.
- Lesson 1. The International Trade Game
- Lesson 2. What is Trade?
- Lesson 3. Interdependence
- Lesson 4. International Trade Barriers
- Lesson 5. Trade Agreements and Organisations
- Lesson 6. Currency and the Foreign Exchange
- Lesson 7. International Events and Disasters
- Lesson 8. Introduction to Global Disparities
- Lesson 9. Measuring Global Disparities | HDI
- Lesson 10. Measuring Global Disparities | Lorenz Curve and Gini Coefficient
- Lesson 11. Measuring Global Disparities | PPP
- Lesson 12. Reducing Economic Inequalities
Available within the relevant lessons:
- Assignment 1.1 | The PPC
- Assignment 1.2 | Demand and Supply
- Assignment 1.3 | Battle Royale
- Assignment 1.4 | Evolution of Economic Thought
- Assignment 2.1 | Franchises Infographic
- Assignment 2.2 | Monopoly Game Reflection
- Assignment 2.3 | Black Market Essay
- Assignment 3.1 | AD and AS Test
- Assignment 3.2 | Macroeconomic Indicators
- Assignment 3.3 | Monetary Policy in Action!
- Assignment 3.4 | Fiscal and Monetary Policies Test
- Assignment 4.1 | International Agreements and Organisations
- Assignment 4.2 | Impacts of International Events and Disasters
- Assignment 4.3 | The Big Mac Index
Whole Course Resources
These resources are available to those with access to the whole course:
- Course of Study
- First Day Handout
- Final Exam
- External Resources List
If you have already purchased access, please Login Here
Alternately, purchase access below, or access the first and second lesson free above!
CIA4U – Whole Course