Course Description
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.
Course Overlaps
- Unit 1 | Some overlap with Unit 1 CIA4U
- Unit 2 | Some overlap with Unit 3 BBI2O
Course Strands with links
- Unit 1 Fundamentals of Economics
- Unit 2 Financial Planning
- Unit 3 Economic Challenges and Responsibilities
- Unit 4 Economic Citizenship
- Unit 5 Economic Interdependence
The Content
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
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- Introduction Materials
- First Day Handout [see whole course resources below]
- Independent Study Unit [see whole course resources below]
- Unit 1 – Fundamentals of Economics:
- B1. Scarcity and Choice: analyse the relationship between scarcity and choice and how these considerations affect economic decision making.
- B2. Economic Models: apply economic models to analyse economic choices and issues affecting Canada and Canadians.
- B3. Political and Economic Systems: analyse how different political and economic systems and entities, including governments in Canada, make economic decisions.
- Lesson 2 – Scarcity and Choice (Free)
- Lesson 3 – Factors of Production
- Lesson 4 – The Role of the Consumer
- Lesson 5 – Production Possibilities Curve
- Lesson 6 – Comparative vs. Absolute Advantage
- Lesson 7 – The Business Cycle
- Lesson 8 – Types of Business
- Lesson 9 – Economic and Political Systems | Part 1
- Lesson 10 – Economic and Political Systems | Part 2
- Unit 2 – Financial Planning:
- B4. 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.
- Unit 3 – Economic Challenges and Responsibilities:
- C1. Market Systems: analyse how various factors, including the practices of different stakeholders, affect markets and the value of goods.
- C2. Workers in Canada: explain the main roles, practices, and concerns of workers, both organized and unorganized, in Canada.
- 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.
- C4. Economic Inequality: analyse causes and measures of, as well as responses to, economic inequality in Canada.
- Lesson 2 – Demand and Supply | Part 2
- Lesson 3 – Demand and Supply | Part 3
- Lesson 4 – Public vs. Private Goods
- Lesson 5 – Government Intervention | Part 1
- Lesson 6 – Government Intervention | Assignment
- Lesson 7 – Working in Canada
- Lesson 8 – Rights and Responsibilities
- Lesson 9 – Employment Patterns
- Lesson 10 – Employment Trends
- Unit 4 – Economic Citizenship:
- 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.
- D2. Government Intervention: analyse various ways in which governments in Canada intervene in the economy as well as factors that influence this intervention.
- D3. Economic Citizenship: explain the roles, perspectives, and influence of various economic citizens in Canada.
- Unit 5 – Economic Interdependence:
- E1. Perspectives on Scarcity and Sustainability: analyse competing perspectives on scarcity and sustainability in Canada and assess their significance.
- E2. Weighing Trade-offs, Making Choices: explain the criteria that governments and firms in Canada use to weigh trade-offs and make economic choices.
- E3. Economic Globalisation: assess the impact of globalization, including international trade and investment, on the Canadian economy.
Assignments
Available within the relevant lessons:
- Assignment 1.1 The PPC
- Assignment 1.2 Franchise Infographic
- Assignment 1.3 Battle Royale
- Assignment 2.1 Budgeting
- Assignment 2.2 Investing
- Assignment 3.1 Supply and Demand
- Assignment 3.2 Collective Bargaining Simulation
- Assignment 3.3 Externalities DME
- Assignment 3.4 Unemployment Essay
- Assignment 4.1 Monopoly Game
- Assignment 4.2 Social Inequity Essay
- Assignment 5.1 The Impact of COVID-19
- Assignment 5.2 Business Decision Making Exercise
- Assignment 5.3 International Agreements and Organisations
Whole Course Resources
These resources are available to those with access to the whole course:
- Course of Study
- First Day Handout
- ISU
- Unit 1 Test
- Unit 2 Test
- External Resources List
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CIE3M – Whole Course
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