This course examines current Canadian and international economic issues, developments, policies, and practices from diverse perspectives
Courses Type: University Preparation
Prerequisite: Any Grade 11 or 12 university (U) or university/college (M) preparation course in Social Sciences and Humanities, English, or Canadian and World Studies.
Grade 12 Economics encourages students to investigate the nature of the competitive global economy and explores how individuals and societies can gain the information they need to make appropriate economic decisions. Throughout this course, students will learn about the principles of microeconomics and macroeconomics, apply economic models and concepts to interpret economic information, assess the validity of statistics, and investigate marketplace dynamics. Students will use economic inquiry and communication skills to analyze current economic issues, make informed judgements, and present their findings.
CIA4U Online Course Outline and Timeline
Below is the suggested sequence of course unit delivery as well as the recommended number of hours to complete the respective unit. For complete details of targeted expectations within each unit and activity, please see each Unit Overview found in the CIA4U course profile.
| Unit Order | Unit Name | Suggested Time |
|---|---|---|
| Unit 0 | Research | 5 Hours |
| Unit 1 | Economic Decision Making | 25 Hours |
| Unit 2 | Economic Stakeholders | 26 Hours |
| MID SEMESTER POINT | ||
| Unit 3 | Self-Interest and Interdependence | 26 Hours |
| Unit 4 | Economic Institutions and the Work they Do | 26 Hours |
| FINAL | Final Exam | 2 Hours |
| Total | 110 Hours |
Please note, as per Ministry guidelines, OVS has a mandatory 14 day minimum requirement for student enrollment to be eligible for a midterm report card and 28 days enrollment to be eligible for a final report card.
Fundamental Concepts Covered in Grade 12 Economics Online Course
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, and as economic citizens.