Analyzing Current Economic Issues
Grade 12, University Preparation
COURSE OUTLINE
COURSE INFORMATION
Course Code:
CIA4U
Credit Value:
1.0
Teacher
Department
Head:
Ms. Katyshev
Prerequisites:
Ministry
Curriculum
Policy
Document
Department:
Business Studies
School
Board:
Mr. Coates
York Region DSB
Any university or university/college preparation course in Canadian and world
studies, English, or social sciences and humanities
The Ontario Curriculum
Grades 11 and 12
Canadian and World
Studies
COURSE DESCRIPTION/RATIONALE
Although our resources, as individuals and as a society, are limited – or “scarce”, in the terminology of
economics – our needs and wants are virtually unlimited, and so we must constantly make choices. The
concepts, models and methods of inquiry of economics can help us make good decisions about how resources
should be used. By studying economics, students will develop an understanding of different economic
systems and institutions and will be able to assess the degree to which these systems and institutions help
satisfy people’s needs and wants. In particular, economics examines how markets, prices, and governments
influence economic decision-making. Knowledge of economics will help students assess when markets are
best able to serve the public interest and when collective or government action is necessary. It will also help
them make better choices as consumers of goods and services, as contributors to the economy, as
employees/employers and as economic citizens.
The study of current events forms an integral component of this Economics curriculum, enhancing both the
relevance and the immediacy of the program. Discussion of current events not only stimulates student
interest and curiosity but also helps students to connect what they are learning in class with past and
present-day world events or situations. The study of current events needs to be thought of not as a separate
topic removed from the program but as an integral extension of the expectations found in this curriculum.
COURSE MATERIALS
Each student will be assigned a textbook and is responsible for the condition of textbook. Should
the textbook become lost or damaged, it will be the student’s responsibility to replace the textbook
with a new book, or pay the replacement cost
Title of Textbook: Economics Now: Analyzing Current Issues
Replacement Cost: $85.00
Authors: Angelo Bolotta, Charles Hawkes, Rick Mahoney, John Piper; ISBN 0-19-541445-4
The Individual and the Economy – CIA4U
V. Katyshev
1
Unit Titles
Overall Expectations
Unit 1: Economic
Decision Making
- Explain the cause and nature of the three types of choices that all economic systems
must make
- Explain the nature of Canada’s economic growth and determine whether and/or how
this growth furthers the economic goal of efficiency
- Analyze the changing importance of the public and private sectors of the economy
and what this means for the achievement of the macroeconomic goals of freedom
and equity
- Analyze the causes and consequences of economic instability and the effectiveness
of stabilization policies designed to help Canadians achieve the appropriate level of
economic security
Unit 2: Economic
- Describe economic stakeholders groups and the criteria each uses to make economic
Stakeholders
decisions
- Explain the economic rights and responsibilities of the “economic citizen”
- Compare the ways and the degree to which different types of economic systems
satisfy the needs of stakeholders
Unit 3: Self-Interest
- Explain how stakeholders use self-interest to make choices that maximize economic
and Interdependence
well-being
- Describe how groups of stakeholders and markets within an economy are
interdependent and may be affected simultaneously by a change
- Assess the ways in which, and the degree to which, people in Canada and other
countries have become interdependent in the global economy
- Analyze examples of conflicts of self-interest that prevent the achievement of
economic goals
Unit 4: Economic
- Describe the nature and functions of Canada’s private economic institutions
Institutions
- Describe the nature and functions of Canada’s public economic institutions
- Analyze the nature and functions of international economic institutions and their
impact on the Canadian economy
Unit 5: Methods of
- Use methods of economic inquiry to locate, gather evaluate and organize different
Economic Inquiry and
types of current economic information from a variety of sources
Communication
- Analyze various economic choices, using concepts, models and processes of
economic inquiry
- Communicate the results of economic inquires, using appropriate economic terms,
concepts, and models, and a variety of forms
Assessment and Evaluation will be based on the Achievement Chart for Grades 11 and 12 Business Studies in the
areas of Knowledge/Understanding, Thinking/Inquiry, Communication and Application. Students are expected to
demonstrate mastery of the curriculum expectations in the following weighted categories:
Knowledge & Understanding
Application
Thinking
Communication
Final Examination
The Individual and the Economy – CIA4U
V. Katyshev
17.5%
17.5%
17.5%
17.5%
30%
2
LEARNING SKILLS
Responsibility
Organization
Independent Work
Collaboration
Initiative
Self-regulation
BEHAVIOUR/DESCRIPTORS
 completes and submits class work, homework, and assignments according to
agreed-upon timelines
 punctual
 academic honesty
 devises and follows a plan and process for completing work and tasks
 establishes priorities and manages time to complete tasks and achieve goals
 preparedness
 uses class time appropriately to complete tasks
 follows instructions with minimal supervision











responds positively to the ideas, opinions, values, and traditions of others
shares information, resources, and expertise
promotes critical thinking to solve problems and make decisions
encourages and motivates others
demonstrates the capacity for innovation and a willingness to take risks
demonstrates curiosity and interest in learning
actively participates in class
sets own individual goals and monitors progress towards achieving them
seeks clarification or assistance when needed
takes responsibility for and manages own behavior
stays on task
DEPARTMENT POLICIES/PROCEDURES/EXPECTATIONS
Attendance:
Good attendance is essential if you are to be successful. Absenteeism adversely affects not only your progress,
but the progress of the rest of the class as well. There exists an extremely high correlation between
attendance and good grades. Attendance is mandatory. The most essential learning will be done during class
time. Students will have extreme difficulty succeeding with a poor attendance record. In keeping with
Westmount policy, if absent, your parent / guardian needs to call into the school to excuse an absence the
morning of the day you are to be away. If your parent does not phone, you are marked truant and
MUST go to the main office with a note from your parent /guardian, upon your return to school,
and BEFORE class. You will receive an admit slip from the main office which you will need to produce before
you are admitted to class.
Punctuality:
Being on time for class is essential. Lateness not only interrupts the class and the teacher – but will interfere
with your learning as well. Please be aware of class start times and make sure you are there. Upon your third
late for class, you will be assigned a detention. The student will be responsible for the work missed –
not the teacher.
Communication:
Strong communication skills (both oral and written) are crucial for success in the information-based society that
we all live in today. You will be made aware of the expectations in the area of communication prior to each
activity and you will be evaluated on the basis of this criterion. All work that is submitted is to be your
own work and must adhere to the Academic Honesty Policy in your Student Handbook.
The Individual and the Economy – CIA4U
V. Katyshev
3
Missed Test Policy:
Students will be informed of test dates well in advance (first day of classes). Students will be expected to write
all tests scheduled. These tests must be written on the dates stated. If a student has a legitimate reason for
being absent, i.e. a school activity, he or she must notify the teacher in advance and write the test the day
after (either during the lunch period or after school), or the morning of the test. If a student is ill the day of
the test, he/she must see the teacher before the next class to make arrangements to write the missed test. A
note from a physician authorizing the absence must be provided prior to writing the test –
otherwise, a grade of zero will be assigned. The student will not be allowed to write the test during the
next class period unless given special permission by the classroom teacher. Students who are absent due to
prolonged illness or have endured a personal loss within their family will be given special consideration.
Students who miss the test, for an invalid reason, will not be able to write a makeup test. The missed test will
count as a zero. There are no dropped marks within the Business Department. Please make every effort to be
present when tests are scheduled.
Late Assignment Policy:
In the business world, employees are often given due dates for projects. It is understood that these are
deadlines. To prepare you for this type of arrangement, late submissions will receive a mark of zero. If a
student is absent from class on the due date, he/she must have the assignment delivered to the
teacher that day. If an assignment is not received on the due date, the assignment may be
handed in during the next class, but an authorized note from a physician must also be presented,
explaining why you were unable to deliver the assignment to the school on the due date.
Acceptance of late work will be at the teacher’s discretion, based on compassionate grounds. If a student
makes a habit of not handing in assignments, the teacher will notify the parent/ guardian by telephone,
explaining the unacceptable practice.
Neatness & Completion:
Neatness is very important in business as careless and sloppy work can lead to unnecessary errors. Completion
of all assigned work is an important part of any course. New concepts will be studied in class and the student
will have practical assignments to reinforce the new concepts. Homework, therefore, is an important part of
the course and the student will be expected to complete all homework assignments. These will be assessed /
evaluated periodically. Failure to complete homework may result in a loss of marks, or a grade of zero.
Test/Assignment Grievances:
NO STUDENT can approach the teacher regarding problems with a test or assignment until 48
hours after the test or assignment has been handed back. They must make an appointment with the
teacher outside of class, at which time they must present corrections and their clearly defined argument as to
why they believe they deserve a higher mark. For mistakes due to adding errors, students can see the teacher
after class.
Respect:
Respect is expected and will be demonstrated at all times. This entails all interactions within the classroom
and the school (between student to teacher, teacher to student, student to student, student to school
materials and property). RAISE YOUR HAND IF YOU WISH TO SPEAK – TALKING WHILE OTHERS ARE
SPEAKING WILL NOT BE TOLERATED. Respect for others is critical – discrimination or bullying will not be
tolerated. You have a responsibility to listen and learn, and to allow others to learn from the delivery of the
material by the teacher. After being warned, you will be asked to leave the room if you are causing a
disruption to the deliverance of the material by the teacher or to the learning environment of others. If asked
to leave, you will be expected to go to the office and meet with a Vice Principal.
The Individual and the Economy – CIA4U
V. Katyshev
4
(9) YOUR EDUCATION IS ULTIMATELY YOUR RESPONSIBILITY – YOU are responsible for YOU.
Students have the right to pass, but they also have the right to fail. This ultimately depends on the student
themselves. You are expected to attend classes regularly, on time, complete all assignments by the due date,
write all tests on the designated day, and treat others with respect. Failure to do so may result in a loss of
marks, or an assigned grade of zero.
 NO HATS, FOOD, POP, WATER, CELL PHONES, iPODS, BLACKBERRIES (OR ANY OTHER LITTLE
DISTRACTING GADGET) ARE PERMITTED IN CLASS. A warning will be given upon your first
infraction. These items will be confiscated upon your second infraction, turned over to the main office, and
will be returned at the discretion of the teacher.
 Use washroom facilities before and after class. Students leaving class during class time is disruptive
– and will be permitted for emergencies only. Washroom breaks will not be permitted during tests or
exams.
Cheating and plagiarism will result in a grade of zero (this includes: copying others work on
assignments or tests, permitting others to copy their work, bringing any written material into a test / exam, or
speaking during a test / exam).
The Individual and the Economy – CIA4U
V. Katyshev
5