Our Lady of Mount Carmel
Department of Business Studies
Course Name:
Course Code:
Level:
Prerequisite:
The Individual and the Economy
CIE 3M
Grade 11, University/College Prep
Canadian History Since World War I, Grade 10
Course Overview:
This course examines the changing Canadian economy and helps students develop an
understanding of their own role as economic agents. Students will apply economic models and
concepts to assess the roles of the various stakeholders in the Canadian economy and analyse the
interactions among them. Students will consider the economic behaviour of the individual as
consumer, contributor, and citizen in a mixed economy and will apply economic inquiry, criticalthinking, and communication skills to make and defend informed economic decisions.
Curriculum Strands and Overall Expectations:
Economic Decision Making
Explain how the scarcity of economic resources requires individuals and society to make
economic choices;
Explain the principles of sound personal financial planning;
Analyse trends in the labour markets.
Economic Stakeholders
Analyse the factors that influence consumer demand and satisfaction in the marketplace;
Explain a variety of ways in which individuals (“producers”) contribute to the economy;
Analyse the factors that affect the socio[economic position of people in Canada;
Describe the economic rights and responsibilities of citizens.
Self-Interest and Interdependence
Explain how self-interest in a market makes consumers and producers interdependent;
Describe ways in which governments in Canada intervene in the economy to balance the
competing self-interests of stakeholders;
Assess the extent, nature, and impact of Canada’s economic interdependence with other nations.
Economic Institutions
Identify the distinguishing characteristics of Canada’s economic system;
Explain the functions of markets, profits, and the process of economic decision making in the
private sector;
Analyse the role and impact of government in the Canadian economy;
Analyse the role and impact of organized labour in the Canadian economy.
Methods of Economic Inquiry and Communication
Use methods of economic inquiry to locate, gather, evaluate, and organize information from a
variety of sources;
Analyse specific situations, using appropriate economic concepts, models, and methods of
economic inquiry;
Communicate the results of economic inquiries, using appropriate economic terms and concepts
and a variety of Forms.
Assessment and Evaluation:
Students will be assessed & evaluated according to the work produced & skills displayed. Methods of
providing feedback may include assessing work in process & evaluating completed assignments, quizzes,
tests, co-operative learning activities, research, and presentations.
Category Weightings
Term (70%):
Knowledge & Understanding
Thinking
Communication
Application
30%
20%
20%
30%
Final (30%):
Culminating Activity
Final Exam
10%
20%
Achievement Categories:
Knowledge/
Understanding
Thinking
knowledge of facts and terms
critical and creative thinking
skills (e.g., evaluating business
situations; analysing financial
data and solving business
problems; making decisions)
understanding of concepts,
principles, and theories
understanding of relationships
between concepts and ideas
inquiry skills (e.g.,generating
ideas; formulating questions;
planning; selecting strategies
and resources; analysing,
interpreting, and assessing
information; forming
conclusions)
Communication
communication of information
and ideas (e.g., through
writing, visual and oral
presentations)
use of language, symbols,
and visuals
communication for different
audiences and purposes (e.g.,
choice of language and style
relevant to business
environments)
Application
application of concepts, skills, and
procedures in familiar contexts
transfer of concepts, skills, and
procedures to new contexts
use of equipment, materials, and
technology
application of technology (e.g.
choice of tools and software,
ethical use)
making connections (e.g. between
use of various forms of
personal experiences and the
communication (e.g., memos,
subject, between the subjects and
letters, reports)
the world outside the school
Feedback will also be provided for student learning skills. Skills like working independently, team work, organization, work habits and homework, and
initiative are assessed independently student achievement and will be conducted through the use of a rubric indicating specific criteria to be achieved
to receive each of the following letter grades:
E –Excellent
G – Good
S – Satisfactory
N - Needs Improvement
Achievement Levels:
Level 1: 50 – 59%
Limited knowledge and/or
success
Level 2: 60 – 69%
Some knowledge and/or
success
Level 3: 70 – 79%
Considerable knowledge
and/or success
Level 4: 80 – 100%
Thorough understanding &
mastery of skills
Please refer to your student agenda for the following policies:
Evaluation
Attendance
Uniform
Student Textbook: Understanding Economics: A Contemporary Perspective, Second Edition, Mark Lovewell.
Replacement Cost $75
Student: (print name)
__________________________ Signature: ____________________________
Parent/Guardian Signature: ___________________________ Date:
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