This course examines current Canadian and international economic issues, developments, policies, and practices from diverse perspectives. Students 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 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.
By the end of this course, students develop the following skills in these different areas:
| 1. Economic Inquiry and Skill Development | |
| 1.1 | Economic Inquiry: use the economic inquiry process and the concepts of economic thinking when investigating current Canadian and international economic issues. |
| 1.2 | 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. |
| 2. Fundamentals of Economics | |
| 2.1 | 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. |
| 2.2 | 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. |
| 2.3 | Economic Thought and Decision Making: analyse how economic and political ideas and various sociocultural factors affect economic decision making. |
| 3. Firms, Markets, and Economic Stakeholders | |
| 3.1 | The Firm and Market Structures: demonstrate an understanding of markets and theories of the firm. |
| 3.2 | 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. |
| 3.3 | 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. |
| 4. Macroeconomics | |
| 4.1 | Macroeconomic Models and Measures: demonstrate an understanding of various macroeconomic models and measures, including indicators used to measure economic inequalities, and assess their usefulness. |
| 4.2 | Fiscal Policy: demonstrate an understanding of fiscal policy in Canada, including how it is shaped and its impact. |
| 4.3 | Monetary Policy: analyse various aspects of monetary policy in Canada and their impact on the economy. |
| 5. Global Interdependence and Inequalities | |
| 5.1 | Theories and Models of International Trade: analyse various theories, models, and issues relating to international trade. |
| 5.2 | International Economic Developments: analyse the impact of some key international economic events and developments as well as various responses to them. |
| 5.3 | International Economic Power and Inequality: explain the main causes and effects of global economic disparities and assess the effectiveness of responses to these disparities. |
| Time Allocated | |
|---|---|
| 1. Unit 1: Economic Reasoning and Fundamentals | |
The first unit of this course begins by having students explore basic economic concepts such as production possibilities curve (PPCs), scarcity, choice, and opportunity cost. Students learn about different firms and different types of economies, including traditional, command, market and mixed, and also look at key figures in economics like Adam Smith, Karl Marx and John Keynes Maynard. | 18 Hours (10 hrs online/ 8 hrs offline) |
| 2. Unit 2: Economic history in Canada | |
his unit studies the role and rights of workers as well as the role of governments, both in Canada and internationally, in shaping and enforcing these rights. By examining past and recent events, students learn about the socio-economic and legal evolution ways in which individuals and groups influence macroeconomic policies and assess the effectiveness of their actions. Students learn and demonstrate an understanding of various macroeconomic models and measures, including indicators used to measure economic inequalities, and assess their usefulness. Lastly, this unit assess the strengths and weaknesses of various macroeconomic indicators to broaden student perspective and understanding. | 22 Hours (12 hrs online/ 10 hrs offline) |
| 3. Unit 3: Climate Change - Is the Future Green? | |
This unit investigates aspects of economic growth/development, including its costs, benefits, and sustainability. Students discuss current issues associated with the efficient use of the factors of production and the relationship between efficiency, growth, and sustainability. In addition, students explore economic and political ideas and various sociocultural factors affecting economic decision making within Canada. Students demonstrate an understanding of production possibilities curves (PPCs) and how they can be used to guide economic decisions about the allocation of scarce resources. | 21 Hours (10 hrs online/ 11 hrs offline) |
| 4. Unit 4: Health and Wealth | |
This unit explains how economic factors influence the allocation by governments, both in Canada and internationally, of scarce resources to address social needs (e.g., access to education, health care, and housing; support services for disabled people, immigrants, poor people). Students assess the significance of factors that influence fiscal and Monetary policy decisions in Canada through the analysis of current issues and debates regarding health. | 19 Hours (10 hrs online/ 9 hrs offline) |
| 5. Unit 5: Global Citizenship and International Inequalities | |
In the last unit of the course, students learn about Canada as a trading nation, and the benefits and strains of international trade. Principles of International Trade Theory are explored, as are trade barriers and international trade policies in the past and present. In studying past and current international trades, students examine the social, cultural and economic impact of the trades on Canadians and the international community. In addition, students assess responses to economic disparity by various intergovernmental organizations. Finally, students analyze Canadian government responses to global economic challenges that affect stability and assess their effectiveness. | 20 Hours (10 hrs online/ 10 hrs offline) |
| 6. Final Evaluation | |
Final Research Essay and Presentation | 10 hours |
| Total | 110 Hours |
This course is organized into a semester format. Lessons and activities will be presented to students online via web conferences conducted in real-time by a teacher. There also be regularly scheduled one on one student-teacher conferences and student to student online discussion forums.
A variety of strategies will be used in the online delivery of this course. Instructional strategies include but are not limited to:
Learning goals will be discussed at the beginning of each assignment and success criteria be provided to students. The success criteria are used to develop the assessment tools in this course, including rubrics and checklists
A variety of assessment and evaluation methods, strategies and tools are required as appropriate to the expectation being assessed. These include diagnostic, formative and summative within the course and within each unit. We strictly follow the Ministry of Education’s Growing Success document.
Assessment FOR Learning and Assessment AS Learning is obtained through a variety of means, including the following:
Evidence of student achievement (assessment OF learning) is collected through ongoing observations of most consistent work, with consideration given to most recent work from various sources.
Assessment and evaluation in this course will be based on the provincial Ontario Curriculum expectations. Students will be provided with numerous and varied opportunities to demonstrate the full extent of their achievement. Categories of assessment and breakdowns are as follows:
A final grade will be determined as follows:
Students with special needs and English Language Learners will be provided with accommodation, including additional time, assistive technology and scribe where available. Teachers who are planning a program in this subject make an effort to take into account considerations for program planning that align with the Ontario Ministry of Education policy and initiatives in a number of important areas.
Learning Skills listed below are key to student success. Learning Skills are assessed independently of achievement and are determined through observation and participation. A checklist and student conference will be used to determine the level in each category.
This course will be entirely administered online, no materials are necessary.
$549.00
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