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Economics

Abbey Park’s Economics course help students understand how economic choices affect individuals, communities and global systems. Through inquiry and real-world examples, students develop the skills to analyze current economic issues and make informed decisions.

Grade 12: Economics

Course Overview

This course examines current Canadian and international economic issues, policies, and practices from diverse perspectives. Students explore economic decisions made by individuals and institutions in response to issues such as globalization, trade agreements, economic inequalities, regulation, and public spending. They apply economic thinking and inquiry processes to analyze trade-offs, growth, sustainability, and related topics.

Units of Study

  • A. Economic Inquiry and Skill Development: Economic inquiry; Developing transferable skills
  • B. Fundamentals of Economics: Scarcity and choice; Supply and demand models; Growth and sustainability; Economic thought and decision making
  • C. Firms, Markets, and Economic Stakeholders: The firm and market structures; Economic trade-offs and decisions; The role of government in redressing imbalance
  • D. Macroeconomics: Macroeconomic models and measures; Fiscal policy; Monetary policy
  • E. Global Interdependence and Inequalities: Theories and models of international trade; International economic developments; International economic power and inequality

To see the learning expectations for this course, visit the Ministry of Education Curriculum Page.

Learning Skills & Work Habits

Responsibility, Organization, Self-Regulation, Independent Work, Collaboration, and Initiative are essential for student success. These skills are taught, assessed, and reported to support your growth and inform your parents/guardians.

Assessment and Evaluation

Term Work (70% of Final Grade):

  • Knowledge & Understanding: 14%
  • Application: 25%
  • Thinking: 21%
  • Communication: 10%

Final Evaluation (30% of Final Grade):

  • In-Class Final Evaluation: 10% – Completed in class near course end; minimal outside preparation required
  • Evaluation Block Final: 20% – Completed during formal evaluation period; maximum duration 2 hours

Additional Information

Your teacher can provide you with a printed copy of this information upon request.

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