The Individual and the Economy
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.
Overall Curriculum Expectations
By the end of this course, students will:
STRAND A: ECONOMIC INQUIRY AND SKILL DEVELOPMENT
| A1 | 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 |
| A2 | identify and describe careers related to the fields of science under study, and describe the contributions of scientists, including Canadians, to those fields |
STRAND B: FUNDAMENTALS OF ECONOMICS
| 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) |
STRAND C: FIRMS, MARKETS, AND ECONOMIC STAKEHOLDERS
| 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) |
STRAND D: INTERRELATIONSHIPS AMONG ECONOMIC CITIZENS
| 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) |
STRAND E: ECONOMIC INTERDEPENDENCE
| E1 | Perspectives on Scarcity and Sustainability: analyse competing perspectives on scarcity andsustainability 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) |
Course Content
| Unit | Title | Hours |
|---|---|---|
| Unit 1 | INTRO TO ECONOMICS: CURRENT ECONOMIC ISSUES IN CANADA AND GLOBALLY | 25 hours |
| Unit 2 | FUNDAMENTAL ECONOMIC THEORY AND ITSAPPLICATION IN CANADIAN AND GLOBALECONOMY | 25 hours |
| Unit 3 | FIRMS AND MARKET SYSTEMS, AND THEIRIMPACT ON EMPLOYMENT OF CANADIAN LABOUR FORCE | 25 hours |
| Unit 4 | ECONOMIC CITIZEN IN CANADIAN AND GLOBAL ECONOMY | 25 hours |
| Unit 5 | COURSE CULMINATING ACTIVITY: GLOBAL INTERDEPENDENCE (GLOBALIZATION) AND UNEQUAL WEALTH DISTRIBUTION | 10 hours |
| Total : 110 hrs |
Diagnostic assessment is used at the beginning of a unit to assist in determining a starting point for instruction. Assessments for Learning and as Learning (AFL & AAL) provide information to students as they are learning and refining their skills. Assessment of Learning (AOL), at the end of units and course, provides students with the opportunity to synthesize/apply/demonstrate their learning and the achievement of the expectations. The course also provides the students with a variety of ways to demonstrate their knowledge through the so-called Triangulation Assessments, which may assess students through Observation and/or Conversation (i.e. Oral Presentations or Student Interviews), as well as Student Products. The AOLs are posted at the end of each unit.
There are four levels of achievement for students who are passing the course:
- Level 1 (50-59%)
- Level 2 (60-69%)
- Level 3 (70-79%)
- Level 4 (80-100%)
Level 3 is the provincial standard for student achievement.
The final grade will include the following weighting:
| Knowledge | Thinking/Inquiry | Communication | Application |
|---|---|---|---|
| 12.5 | 25 | 25 | 25 |
| Understanding | |||
| 12.5 |
Seventy percent (70%) of the grade will be based on evaluation conducted throughout the course. Final evaluation will take into account the student’s most recent and most consistent performance.
Thirty percent (30%) of the grade will be based on a final evaluation consisting of the final examination and the independent study unit, which will take into account the entire course, including the student’s most recent and most consistent performance.
The evaluation for this course is based on the student’s achievement of curriculum expectations and the demonstrated skills required for effective learning. The final percentage grade represents the quality of the student’s overall achievement of the expectations for the course and reflects the corresponding level of achievement as described in the achievement chart for the discipline.
Proctoring
• The tests are typically a paper-pen evaluation written at a mutually agreed time, date, and location. The tests will be proctored, meaning a suitable adult with a dedicated identifiable and authentic email address will supervise you writing the tests. This process ensures the security and integrity of the test. Any person related or affiliated to the student in a personal way cannot serve as a test supervisor.
Resources required by the student
- A scanner, smartphone camera, or similar device to upload handwritten or hand-drawn work
- A front-facing camera on a desktop, laptop, or mobile device to allow for proctoring over the internet
- Internet access and a modern standards-compliant web browser
The tuition for this course is $800 for Canadian students and $2000 for international students.
Refunds
Maple Leaf School does not issue refunds. When a student enrolls in our course, the MLS administration team undertakes many tasks including establishing electronic/physical files, assigning teachers and tracking the enrolment for Ministry purposes, etc. The work is completed by our school the moment you register online.
Course Curriculum
| Resources | |||
| Course Outline | 00:00:00 | ||
| Mark and Hour Breakdown | 00:00:00 | ||
| Unit 1 | |||
| U1L1 | 00:00:00 | ||
| U1L2 | 00:00:00 | ||
| U1L3 | 00:00:00 | ||
| U1L4 | 00:00:00 | ||
| U1L5 | 00:00:00 | ||
| U1L6 | 00:00:00 | ||
| CIE 3M AOL #1: U1L6 W | 1 week, 3 days | ||
| Unit 2 | |||
| U2L1 | 00:00:00 | ||
| U2L2 | 00:00:00 | ||
| U2L3 | 00:00:00 | ||
| U2L4 | 00:00:00 | ||
| U2L5 | 00:00:00 | ||
| CIE 3M AOL#2: U2L5 W | 1 week, 3 days | ||
| Unit 3 | |||
| U3L1 | 00:00:00 | ||
| U3L2 | 00:00:00 | ||
| U3L3 | 00:00:00 | ||
| U3L4 | 00:00:00 | ||
| CIE 3M AOL#3: U3L4 W | 1 week, 3 days | ||
| Unit 4 | |||
| U4L1 | 00:00:00 | ||
| U4L2 | 00:00:00 | ||
| U4L3 | 00:00:00 | ||
| CIE 3M AOL#4: U4L3 W | 1 week, 3 days | ||
| CIE 3M AOL#5: U4L3 W | 1 week, 3 days | ||
| Unit 5 | |||
| U5L1 | 00:00:00 | ||
| U5L2 | 00:00:00 | ||
| U5L3 | 00:00:00 | ||
| U5L4 | 00:00:00 | ||
| CIE 3M AOL#6: U5L4 W | 1 week, 3 days | ||
| Final Exam | |||
| How to request | 00:00:00 | ||
| CIE3M Final Exam | 1 week, 3 days | ||
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