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Canadian and World Studies

The Individual and the Economy (CIE3M)

Grade: 11
Type: University / College Preparation
Language of Study: English
Prerequisites: CHC2D or CHC2P
This course explores issues and challenges facing the Canadian economy as well as the implications of various responses to them. You will explore the economic role of firms, workers, and government as well as your own role as individual consumers and contributors, and how all of these roles contribute to stability and change in the Canadian economy. You 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.
Grade: 11
Type: University / College Preparation
Language of Study: English
Prerequisites: CHC2D or CHC2P
This course explores issues and challenges facing the Canadian economy as well as the implications of various responses to them. You will explore the economic role of firms, workers, and government as well as your own role as individual consumers and contributors, and how all of these roles contribute to stability and change in the Canadian economy. You 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 Lessons

This course is designed for independent study.

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20 Lessons

5 Lessons

1.1   Economic thinking

1.2   Use of economic models

1.3   Demand

1.4   Supply

1.5   Competitive markets

5 Lessons

2.1   Excise taxes and price controls

2.2   Business economics

2.3   Investing

2.4   Personal budgets

2.5   Business organizations

5 Lessons

3.1   Market structures

3.2   Consumer and producer shortage and surplus

3.3   Economic fluctuations

3.4   Fiscal policy

3.5   Money and monetary policy

5 Lessons

4.1   Inflation

4.2   Unemployment

4.3   Trade unions

4.4   The foreign sector

4.5   Foreign trade

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