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Economic Principles
First Section
About Instruction
Goal 1: Demonstrate critical, creative, and innovative thinking.
LO 1.1: Demonstrate critical, creative, and innovative thinking.
SLO 12B.1.1.1: Formulate questions to generate new ideas.
SLO 12B.1.1.2: Evaluate information and perspectives related to the thinking process.
SLO 12B.1.1.3: Evaluate patterns and connections related to critical, creative, and innovative thinking.
Goal 2: Employ current and emerging technologies used in business and industry.
GLO 2.1: Employ current and emerging technologies used in business and industry
SLO 12B.2.1.1: Evaluate appropriate current technologies for use in business and industry.
SLO 12B.2.1.2: Utilize appropriate current technologies used in business and industry.
SLO 12B.2.1.3: Identify and use technology for specific tasks to improve productivity and efficiency.
SLO 12B.2.1.4: Evaluate the utility of emerging trends in technology
GLO 2.2: Demonstrate awareness of digital footprints.
SLO 12B.2.2.1: Analyze the impact of one’s own digital footprint.
Goal 3: Demonstrate business communication skills.
SLO 12B.3.1.1: Define and use appropriate business language and terminology.
SLO 12B.3.1.2: Demonstrate appropriate business etiquette and protocols.
SLO 12B.3.1.3: Employ conflict resolution techniques
SLO 12B.3.1.4: Produce business documents.
SLO 12B.3.1.5: Present information and ideas.
Goal 4: Demonstrate an understanding of ethical and legal standards.
GLO 4.1: Demonstrate an understanding of ethical and legal standards.
SLO 12B.4.1.1: Differentiate between ethics and legal business practices.
SLO 12B.4.1.2: Discuss ethical business strategies
SLO 12B.4.1.3: Discuss laws, codes, and regulations related to economics
Goal 5: Identify historical influences and emerging trends as innovative sources for business.
GLO 5.1: Identify historical influences as innovative sources for business.
SLO 12B.5.1.1: Describe historical influences on the evolution of economics.
GLO 5.2: Analyze emerging trends in business.
SLO 12B.5.2.1: Identify emerging trends in economics.
SLO 12B.5.2.2: Analyze emerging trends in economics
SLO 12B.5.2.3: Predict future trends in economics
Goal 6: Demonstrate awareness of sustainability in business
GLO 6.1: Demonstrate awareness of sustainability in business
SLO 12B.6.1.1: Demonstrate human sustainability practices while considering financial and environmental sustainability
SLO 12B.6.1.2: Demonstrate sustainable environmental practices while considering human and financial sustainability.
SLO 12B.6.1.3: Demonstrate sustainable financial practices while considering human and environmental sustainability.
Goal 7: Demonstrate an understanding of the impact culture and diversity have on business.
GLO 7.1: Demonstrate an understanding of the impact culture and diversity have on business.
SLO 12B.7.1.1: Reflect on how culture impacts business decisions,
SLO 12B.7.1.2: Examine First Nations, Métis, and Inuit perspectives and how they relate to business.
Goal 8: Describe and demonstrate employability skills
SLO 12B.8.1.1: Demonstrate an ability to read and write text, use documents, work with numbers, communicate orally, use technology, learn continuously, and think critically.
SLO 12B.8.1.2: Demonstrate positive attitude and behaviours, responsibility, adaptability, and safe work practices.
SLO 12B.8.1.3: Demonstrate time management and punctuality.
SLO 12B.8.1.4: Demonstrate the ability to work with others and participate in projects and tasks.
Goal 9: Explore education and career opportunities.
SLO 12B.9.1.1: Explore education and career opportunities related to economics.
Goal 10: Analyze the role of business in society.
SLO 12B.10.1.1: Analyze the role of economics.
Goal 11: Demonstrate an understanding of personal finance
Demonstrate an understanding of personal finance.
Goal 12: Demonstrate an understanding of the accounting procedures required to complete the accounti
Demonstrate an understanding of the accounting procedures required to complete the accounting cycle.
Goal 13: Demonstrate an understanding of economics and the global market.
GLO 13.1: Demonstrate an understanding of basic economic concepts.
SLO 12B.13.1.1: Define economy.
SLO 12B.13.1.2: Distinguish between microeconomics and macroeconomics.
SLO 12B.13.1.3: Analyze types of economic systems
SLO 12B.13.1.4: Analyze the sectors and their function in the economy,
SLO 12B.13.1.5: Demonstrate an understanding of the role and importance of currency within an economy.
SLO 12B.13.1.6: Calculate and explain economic formulas
GLO 13.2: Demonstrate an understanding of the law of supply and demand.
SLO 12B.13.2.1: Define terms related to supply and demand
SLO 12B.13.2.2: Analyze and illustrate the relationship between supply and demand.
SLO 12B.13.2.3: Analyze factors which affect the demand and supply curve
SLO 12B.13.2.4: Analyze the concept of elasticity on supply and demand.
SLO 12B.13.2.5: Apply the concept of supply and demand to a variety of markets,
GLO 13.3: Demonstrate an understanding of market influences.
SLO 12B.13.3.1: Compare and contrast market structures,
SLO 12B.13.3.2: Analyze the cause and effect of market influences
GLO 13.4: Demonstrate an understanding of the economic life cycle.
LO 12B.13.4.1: Analyze the impact of each stage of the economic life cycle
SLO 12B.13.4.2: Define inflation and deflation.
SLO 12B.13.4.3: Identify indicators of inflation and deflation in the economy
SLO 12B.13.4.4: Explain the relationship between economic indicators and the financial well-being of consumers, businesses, and government
SLO 12B.13.4.5: Use a variety of statistical measures to evaluate a market,
GLO 13.5: Demonstrate an understanding of the global market.
SLO 12B.13.5.1: Evaluate an economic system’s performance based on criteria
SLO 12B.13.5.2: Analyze the roles of individuals, business, and government in economic decision making.
SLO 12B.13.5.3: Analyze factors that affect global trade
GLO 13.6: Demonstrate an understanding of how economic factors influence decision making.
SLO 12B.13.6.1: Demonstrate an understanding of how economic factors influence personal, consumer, business, and government decision making.
SLO 12B.13.6.2: Apply economic principles and concepts to complete an economic impact study (for example what are the causes and effects of ...).
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LO 1.1: Demonstrate critical, creative, and innovative thinking.
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