Area of Learning: Applied Design, Skills, and Technologies Economics Grade 12 — BIG IDEAS Financial and economic literacy promotes Business creates Tools and technologies the financial and economic well-being of opportunities to can be adapted for both individuals and businesses. enable change. specific purposes. Learning Standards Curricular Competencies Content Students are expected to be able to do the following: Students are expected to know the following: Applied Design the economic problem Conduct research to understand and explain economic concepts macroeconomics and microeconomics Choose or create various economic scenarios, and identify potential business cycle issues, intended impact, and possible unintended negative consequences structure and operation of the Canadian economic system Make decisions about premises and boundaries that define marginal utility theory economic scenarios opportunity costs and sunk costs Generate ideas, individually and collaboratively law of diminishing returns Critically analyze how competing social, ethical, and sustainability factors economic efficiency and specialization impact the economics of global needs for preferred futures demand, supply, and equilibrium Identify patterns and trends to further understand economic systems consumer choice and elasticity Identify, critique, and use a variety of sources of inspiration and information government actions and impact on the market Choose an appropriate form, scale, and level of detail for economic scenarios economic indicators Obtain and evaluate critical feedback from multiple sources, both initially money and mediums of exchange and over time in the market competition Apply the appropriate tools to measure economic activity and impact labour Gather feedback to critically evaluate economic scenarios and make changes global markets to design or processes economics in everyday life Identify tools, technologies, materials, processes, and time needed behavioural economics for the task at hand to promote products interpersonal and presentation skills Share progress to increase feedback and collaboration or services and to interact with potential customers/clients
Area of Learning: Applied Design, Skills, and Technologies — Economics Grade 12 BIG IDEAS Financial and economic literacy promotes the financial and economic well-being of both individuals and businesses. Business creates opportunities to enable change. Tools and technologies can be adapted for specific purposes. Learning Standards Curricular Competencies Content Students are expected to be able to do the following: Applied Design Conduct research to understand and explain economic concepts Choose or create various economic scenarios, and identify potential issues, intended impact, and possible unintended negative consequences Make decisions about premises and boundaries that define economic scenarios Generate ideas, individually and collaboratively Critically analyze how competing social, ethical, and sustainability factors impact the economics of global needs for preferred futures Identify patterns and trends to further understand economic systems Identify, critique, and use a variety of sources of inspiration and information Choose an appropriate form, scale, and level of detail for economic scenarios Obtain and evaluate critical feedback from multiple sources, both initially and over time Apply the appropriate tools to measure economic activity and impact Gather feedback to critically evaluate economic scenarios and make changes to design or processes Identify tools, technologies, materials, processes, and time needed for the task at hand Share progress to increase feedback and collaboration Students are expected to know the following: the economic problem macroeconomics and microeconomics business cycle structure and operation of the Canadian economic system marginal utility theory opportunity costs and sunk costs law of diminishing returns economic efficiency and specialization demand, supply, and equilibrium consumer choice and elasticity government actions and impact on the market economic indicators money and mediums of exchange competition in the market labour global markets economics in everyday life behavioural economics interpersonal and presentation skills to promote products or services and to interact with potential customers/clients
en_adst_12_economics_elab.docx