1. Basis for Economic Study

Economics 11

1. Basis for Economic Study - examine the role of - demonstrate an - understand scarcity as the government in the Canadian understanding of regional basis of economics market disparity - analyse relationship - explain the role of labour in between limited resources 3. Production the Canadian economy and unlimited wants - demonstrate an - understand the role of - how opportunity costs affect understanding of how the governments in the economic decisions Canadian economy works and distribution of income and the - compare how different is measured management of the national economic systems respond to - analyse factors that affect economy scarcity production and economic - evaluate Canada’s mixed growth 5. Money market economy - understand the reasons for - identify and explain the trade and the use of trade forms, functions, and 2. Market barriers among and within characteristics of money - demonstrate an nations - understand the elements understanding of the - explain currency exchange and relationships that affect economic concepts of a rates and their effect Canadian monetary policy market - predict the effect of the - analyse the methods of - explain the relationship changing global economy on investing, borrowing and the between supply, demand, Canada use of credit and price in the market - explain and analyse the - analyse the effect of 4. Distribution purpose and functions of competition in the market - evaluate Canada’s standard various financial institutions - identify and compare of living and quality of life - explain the concepts of business organizations in - analyse the sources of inflation, deflation, Canada income of individuals, unemployment, and - impact of markets on businesses, and governments consumer price index consumers