Analyzing Current Economic Issues, Grade 12
Prerequisite: Any university or university/college preparation course in Canadian and World studies, English, or Social Sciences and Humanities
Module 1 Overview: Fundamentals of Economics
How do economists compare economic data from different countries? What are the causes of global economic inequality?
In this module, you will learn the meaning of macro and microeconomics. You will also learn about the four factors of production: land, labour, capital and enterprise that make up economic activity in our world today
Module 2 Overview: Businesses, Markets and Economic Stakeholders
How can businesses operate within the context of the Canadian economy most effectively?
In this module, you will learn about different types of businesses and how they operate in the Canadian Economy. We we learn how businesses are organized and regulated within the Canadian economy.
Module 3 Overview: Macroeconomics
What should the rate of inflation be? What stimulates economic growth?
Macroeconomics focuses on the performance of economies – changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments. Poverty reduction, social equity, and sustainable growth are only possible with sound monetary and fiscal policies. In this module we will learn about fiscal policies and what stimulates economic growth.
Module 4 Overview: The Global Economy, International Trade and Development
To what degree should we be responsible for what happens outside our borders?
In this module, you will learn 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. Balance of payments issues, the value of the Canadian dollar, and fluctuating exchange rates are examined in the second section of the unit.