Page 79 - THE ONTARIO CURRICULUM, GRADES 11 AND 12 | Canadian and World Studies

Overall Expectations and Related Concepts of Economic Thinking
Big Ideas*
Framing Questions*
C. Economic Challenges and Responses (continued)
C4. Economic Inequality: analyse causes and measures of, as well as responses to, economic inequality in Canada (FOCUS ON: Stability and Variability; Economic Perspective)
Geographic, social, political, and demographic factors contribute to economic inequality in Canada .
There are diverse viewpoints regarding the causes and impact of economic inequality and how to best address it .
Why is there economic inequality in Canada? How is it addressed?
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)
Government policy affects the economic roles
and responsibilities of producers and consumers .
Why does the federal government regulate competition in Canada?
What is the role of taxation in the Canadian economy?
What impact does government spending have on your life and your community?
How do different groups influence economic policy? Do all groups have a similar level of influence?
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)
Governments in Canada intervene in the economy to promote growth and to alleviate economic inequality .
D3. Economic Citizenship: explain the roles, perspectives, and influence of various economic citizens in Canada (FOCUS ON: Stability and Variability, Economic Perspective)
Canadian citizens have various economic rights and responsibilities as well as different perspectives on economic issues .
E. Economic Interdependence
E1. Perspectives on Scarcity and Sustainability: analyse competing perspectives on scarcity and sustainability in Canada and assess their significance (FOCUS ON: Stability and Variability; Economic Perspective)
Different stakeholders have different viewpoints on scarcity and sustainability .
How do different stakeholders in Canada respond to issues relating to scarcity?
What factors influence business decisions?
What is the importance of trade and foreign investment to the Canadian economy?
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)
Scarcity of resources necessitates economic trade-offs .
E3. Economic Globalization: assess the impact of globalization, including international trade and investment, on the Canadian economy (FOCUS ON: Economic Significance; Economic Perspective)
Globalization has costs and benefits for the Canadian economy .
OVERVIEW
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The Individual and the Economy
CIE3M