Standard set
Grade 12 - Economics
Standards
Showing 54 of 54 standards.
A
ECONOMICS 12
B
Curricular Competency
C
Content
1
Big Ideas
2
Applied Design
3
Applied Skills
4
Applied Technologies
a
Financial and economic literacy promotes the financial and economic well-being of both individuals and businesses.
b
Business creates opportunities to enable change.
c
Tools and technologies can be adapted for specific purposes.
a
Conduct research to understand and explain economic concepts
b
Choose or create various economic scenarios, and identify potential issues, intended impact, and possible unintended negative consequences
c
Make decisions about premises and boundaries that define economic scenarios
d
Generate ideas, individually and collaboratively
e
Critically analyze how competing social, ethical, and sustainability factors impact the economics of global needs for preferred futures
f
Identify patterns and trends to further understand economic systems
g
Identify, critique, and use a variety of sources of inspiration and information
h
Choose an appropriate form, scale, and level of detail for economic scenarios
i
Obtain and evaluate critical feedback from multiple sources, both initially and over time
j
Apply the appropriate tools to measure economic activity and impact
k
Gather feedback to critically evaluate economic scenarios and make changes to design or processes
l
Identify tools, technologies, materials, processes, and time needed for the task at hand
m
Share progress to increase feedback and collaboration
n
Critically evaluate their ability to work effectively, both individually and collaboratively, including the ability to implement project management processes
a
Communicate outcomes in multiple formats and in a clear and concise manner
b
Evaluate and apply a framework for solving problems and making decisions
c
Evaluate safety issues for themselves, co-workers, and users in both physical and digital environments
d
Identify and critically assess the skills needed related to current or projected tasks, and develop specific plans to learn or refine skills over time
e
Demonstrate the ability to make responsible economic decisions as individuals and as members of society
a
Explore existing, new, and emerging tools, technologies, and systems to further support facts and findings
b
Evaluate impacts, including unintended negative consequences, of choices made about technology use
c
Analyze the role and personal, interpersonal, social, and environmental impacts of technologies in societal change
d
Examine and analyze how cultural beliefs, values, and ethical positions affect the economics of the development and use of technologies on a national and global level
a
the economic problem
b
macroeconomics and microeconomics
c
business cycle
d
structure and operation of the Canadian economic system
e
marginal utility theory
f
opportunity costs and sunk costs
g
law of diminishing returns
h
economic efficiency and specialization
i
demand, supply, and equilibrium
j
consumer choice and elasticity
k
government actions and impact on the market
l
economic indicators
m
money and mediums of exchange
n
competition in the market
o
labour
p
global markets
q
economics in everyday life
r
behavioural economics
s
interpersonal and presentation skills to promote products or services and to interact with potential customers/clients
t
industry best practices
u
career options and opportunities in various economic sectors
Framework metadata
- License
- CC BY 4.0 US