Ontario High School Curriculum
CIE3M - The Individual and the Economy
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 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.
Strand A
A. Economic Inquiry and Skill Development
OVERALL EXPECTATIONS
Throughout this course, students will:
A1. Economic Inquiry: use the economic inquiry process and the concepts of economic thinking when investigating current economic issues in Canada
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
B. Fundamentals of Economics
Overall Expectations and Related Concepts of Economic Thinking
B1. Scarcity and Choice: analyse the relationship between scarcity and choice and how these considerations affect economic decision making (FOCUS ON: Economic Significance; Cause and Effect)
B2. Economic Models: apply economic models to analyse economic choices and issues affecting Canada and Canadians (FOCUS ON: Cause and Effect; Stability and Variability)
B3. Political and Economic Systems: analyse how different political and economic systems and entities, including governments in Canada, make economic decisions (FOCUS ON: Stability and Variability; Economic Perspective)
B4. Financial Planning: 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 (FOCUS ON: Economic Significance; Economic Perspective)
C. Economic Challenges and Responses
Overall Expectations and Related Concepts of Economic Thinking
C1. Market Systems: analyse how various factors, including the practices of different stakeholders, affect markets and the value of goods (FOCUS ON: Cause and Effect; Economic Perspective)
C2. Workers in Canada: explain the main roles, practices, and concerns of workers, both organized and unorganized, in Canada (FOCUS ON: Economic Significance; Economic Perspective)
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 (FOCUS ON: Cause and Effect; Stability and Variability)
C4. Economic Inequality: analyse causes and measures of, as well as responses to, economic inequality in Canada (FOCUS ON: Stability and Variability; Economic Perspective)
D. Interrelationships among Economic Citizens
Overall Expectations and Related Concepts of Economic Thinking
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 (FOCUS ON: Economic Significance; Cause and Effect)
D2. Government Intervention: analyse various ways in which governments in Canada intervene in the economy as well as factors that influence this intervention (FOCUS ON: Cause and Effect; Stability and Variability)
D3. Economic Citizenship: explain the roles, perspectives, and influence of various economic citizens in Canada (FOCUS ON: Stability and Variability, Economic Perspective)
E. Economic Interdependence
Overall Expectations and Related Concepts of Economic Thinking
E1. Perspectives on Scarcity and Sustainability: analyse competing perspectives on scarcity and sustainability in Canada and assess their significance (FOCUS ON: Stability and Variability; Economic Perspective)
E2. Weighing Trade-offs, Making Choices: explain the criteria that governments and firms in Canada use to weigh trade-offs and make economic choices (FOCUS ON: Cause and Effect; Stability and Variability)
E3. Economic Globalization: assess the impact of globalization, including international trade and investment, on the Canadian economy (FOCUS ON: Economic Significance; Economic Perspective)