| Big Ideas |
Economic systems have underlying and often opposing ethical standards and implications. |
Economic Theory 12 |
No CCG |
|
| Big Ideas |
The implementation of economic theories has profound effects on social and political decision making and movements. |
Economic Theory 12 |
No CCG |
|
| Big Ideas |
Observing, interpreting, and judging past economic conditions from different perspectives and worldviews gave rise to competing theoretical approaches. |
Economic Theory 12 |
No CCG |
|
| Big Ideas |
Contemporary economic theory, practice, and terminology are grounded in centuries of economic theory. |
Economic Theory 12 |
No CCG |
|
| Content |
contemporary economics and First Peoples |
Economic Theory 12 |
No CCG |
| Keyword: contemporary economics and First Peoples |
Elaboration: Sample Topics:historical economic systems of B.C. and Canadian First Peoplessocio-economic conditions for First Peoples in CanadaFirst Peoples fiscal relationship with local, provincial, and federal governments relationship between urban and regional development and First Peoples economic development economic development on First Peoples lands significance of property rights |
|
| Content |
contemporary economic thought |
Economic Theory 12 |
No CCG |
| Keyword: contemporary economic thought |
Elaboration: Sample topics:participatory economicsrational expectations, business cycles, and marketsfinancial instabilityrecessions and financial crises
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|
| Content |
Keynesian theory of money, investment, and cycles |
Economic Theory 12 |
No CCG |
| Keyword: Keynesian theory of money, investment, and cycles |
Elaboration: Sample topics:Keynes versus Say’s law and classical economicsKeynesian theory of investmentKeynes on money and speculationKeynes on the business cyclemonetarism and the role of government in controlling the amount of money in circulationcritiques of monetarismRawls and distribution theory |
|
| Content |
neoclassical economics and theories of markets |
Economic Theory 12 |
No CCG |
| Keyword: neoclassical economics and theories of markets |
Elaboration: Sample topics:primacy of markets in determining supply and demand of goods and services in an economymoney and creditinterest ratesbusiness cycles |
|
| Content |
Marxist economics |
Economic Theory 12 |
No CCG |
| Keyword: Marxist economics |
Elaboration: Sample topics:Marx and the labour theory of valueMarxist theory of moneyMarx on distributionMarxist theory of capital accumulation and crises |
|
| Content |
classical theories of money, banking, and government economic policy |
Economic Theory 12 |
No CCG |
| Keyword: classical theories of money, banking, and government economic policy |
Elaboration: Sample topics:classical monetary theoryclassical public financeSay’s law, “gluts,” and business cyclesclassical economic policy in theory and practice |
|
| Content |
classical theories of value, growth, and distribution |
Economic Theory 12 |
No CCG |
| Keyword: classical theories of value, growth, and distribution |
Elaboration: Sample topics:classical theories of income distributionSmith and Ricardo on the theory of valuefree tradeMalthus on growth and populationMill and “the dismal science”subjectivist theories of valueclassical determinants of economic growth |
|
| Content |
economic practice from money to mercantilism |
Economic Theory 12 |
No CCG |
| Keyword: economic practice from money to mercantilism |
Elaboration: Sample topics:science, ideology, and paradigms in the history of economic thoughtbarter to currency economiesthe economics of mercantilism and the importance of positive balance of tradephysiocracy and its emphasis on agricultural production as the major component of national wealthimpact of early industrialization on trade and business |
|
| Curricular Competency |
Make reasoned ethical judgments about the past and present application of economic theories in economic, social, and political policy and decision making (ethical judgment) |
Economic Theory 12 |
No CCG |
|
| Curricular Competency |
Explain different perspectives on past and present economic theories by considering prevailing norms, values, worldviews, and beliefs (perspective) |
Economic Theory 12 |
No CCG |
|
| Curricular Competency |
Assess how economic theories affected social and political change (cause and consequence) |
Economic Theory 12 |
No CCG |
|