MANITOBA CALL FOR ECONOMIC PRINCIPLES 40s CURRICULUM CORRELATION FORM Resource ID #(s) Title: Series Title (if applicable): Student Resource Teacher Resource Indicate in the boxes below the Unit(s) to which the resource applies. GOAL 1 Critical, Creative and GOAL 2 Current and Emerging Technologies Innovative Thinking GOAL 3 Communication Skills GOAL 4 Ethical and Legal Standards GOAL 5 Historical Influence and Emerging GOAL 6 Awareness of Sustainability Trends GOAL 7 Culture and Diversity GOAL 8 Employability Skills GOAL 9 Education and Career GOAL 10 Business in Society Opportunities GOAL 13 Economics and the Global Market Contains potentially sensitive content? Yes No Economic Principles 40s Curriculum Correlation Form page 1 of 13
Instructions: In the boxes () the degree of curriculum fit and provide specific unit, chapter, or page references for each Unit that applies using the following form. Note: Skills and Attitudes must also be completed for each resource. Rating Scale for Extensive The learning resource details content, multiple learning activities, and differentiated teaching strategies that address the required General Learning Outcome(s) and Specified Learning Outcome(s) of the curriculum framework. Moderate The learning resource details some content, some learning activities, and some teaching strategies that address the required General Learning Outcome(s) and Specified Learning Outcome(s) of the curriculum framework. Slight The learning resource content, learning activities, and teaching strategies address less than the required General Learning Outcome(s) and Specified Learning Outcome(s) of the curriculum framework. None The learning resource contains insufficient content, learning activities or teaching strategies to address the required General Learning Outcome(s) and Specified Learning Outcome(s) of the curriculum framework. Economic Principles 40s Curriculum Correlation Form page 2 of 13
General Learning GOAL 1 Demonstrate critical, creative and innovative thinking. 1.1 none slight moderate extensive Demonstrate critical, creative and innovative thinking. Formulate questions to generate new ideas Evaluate information and perspectives related to the thinking process Evaluate patterns and connections related to critical, creative and innovative thinking GOAL 2 Employ current and emerging technologies used in business and industry. 2.1 none slight moderate extensive Employ current and emerging technologies used in business and industry. Evaluate appropriate current technologies for use in business and industry Utilize appropriate current technologies used in business and industry Identify and use technology for specific tasks to improve productivity and efficiency Evaluate the utility of emerging trends in technology 2.2 none slight moderate extensive Demonstrate an awareness of a digital footprint. Economic Principles 40s Curriculum Correlation Form page 3 of 13
General Learning Goal 2 Continued Analyze the impact of one s own digital footprint. GOAL 3 Demonstrate business communication skills. 3.1 none slight moderate extensive Demonstrate business communication skills. Employ conflict resolution techniques Produce business documents Present information and ideas Economic Principles 40s Curriculum Correlation Form page 4 of 13
General Learning GOAL 4 ethical and legal standards. 4.1 none slight moderate extensive ethical and legal standards. Differentiate between ethics and legal business practices Discuss ethical business strategies Discuss laws, codes and regulations related to Economics GOAL 5 Identify the historical influences and emerging trends of innovative sources for business. 5.1 none slight moderate extensive Identify the historical influences as innovative sources for business. Describe the historical influences on the evolution of economics 5.2 none slight moderate extensive Analyze emerging trends in business. Identify emerging trends in economics Analyze emerging trends in economics Predict future trends in economics Economic Principles 40s Curriculum Correlation Form page 5 of 13
General Learning Goal 5 continued GOAL 6 Demonstrate an awareness of sustainability in business. 6.1 none slight moderate extensive Demonstrate an awareness of sustainability in business. Demonstrate human sustainability practices while considering financial and environmental sustainability Demonstrate sustainable environmental practices while considering human and financial sustainability Demonstrate sustainable financial practices while considering human and environmental sustainability Economic Principles 40s Curriculum Correlation Form page 6 of 13
General Learning GOAL 7 the impact culture and diversity has on business. 7.1 none slight moderate extensive the impact culture and diversity has on business. Reflect on how culture impacts business decisions which may include: - Short and long term goals - Values - Lifestyle - Family Structure - Demographics Examine Aboriginal perspectives and how it relates to business GOAL 8 Describe and demonstrate employability skills. 8.1 none slight moderate extensive Describe and demonstrate employability skills. Demonstrate an ability to read and write text, use documents, work with numbers, communicate orally, use technology, learn continuously and think critically Demonstrate positive attitude and behaviours, responsibility, adaptability, and safe work practices. Demonstrate time management and punctuality. Economic Principles 40s Curriculum Correlation Form page 7 of 13
General Learning Goal 8 Continued Demonstrate the ability to work with others and participate in projects and tasks. GOAL 9 Explore education and career opportunities. 9.1 none slight moderate extensive Explore education and career opportunities. Explore education and career opportunities related to economics Economic Principles 40s Curriculum Correlation Form page 8 of 13
General Learning GOAL 10 Analyze the role of business in society. 10.1 none slight moderate extensive Analyze the role of business in society. Analyze the role of economics Goal 13 economics and the global market 13.1 none slight moderate extensive basic economic concepts Define economy Distinguish between Microeconomics and Macroeconomics Analyze types of economic systems which may include: -Capitalism (Market) -Communism (Command) -Mixed economies -Traditional economies -Socialism Analyze the sectors and their function in the economy which may include: -Government -Bank of Canada -Household (private) -Business Economic Principles 40s Curriculum Correlation Form page 9 of 13
General Learning Goal 13 Continued -Financial institutions -Global markets -Global investors the role and importance of currency within an economy. Calculate and explain economic formulas and ratios which may include: -Opportunity Cost -Floors -Ceilings -Elasticity 13.2 none slight moderate extensive the Laws of Supply and Demand Define terms related to supply and demand which may include: -Supply -Demand -Equilibrium -Elasticity -Floor -Ceiling -Surplus -Shortage Analyze and illustrate the relationship between supply and demand. Analyze factors which affect the Demand and Supply curve which may include: -Market Size -Income -Consumer Preference -Substitute Goods -Production -Trend Forecasting Analyze the concept of elasticity on supply and demand Economic Principles 40s Curriculum Correlation Form page 10 of 13
General Learning Goal 13 Continued Apply the concept of supply and demand to a variety of markets which may include: -Stock market -Agriculture -Labour -Retail -Wholesale 13.3 none slight moderate extensive market influences Compare and contrast market structures which may include: -Perfect competition -Monopolistic competition -Oligopoly -Monopoly Analyze the cause and effect of market influences which may include: -Supply and demand -Scarcity -Purchasing power -Employment -Interest rates -Political policy -Legal considerations -Technology 13.4 none slight moderate extensive the economic life cycle Analyze the impact of each stage of the economic life cycle which may include: -Recession -Depression -Prosperity -Contraction Economic Principles 40s Curriculum Correlation Form page 11 of 13
General Learning Goal 13 Continued Define Inflation and deflation Identify indicators of Inflation and Deflation in the economy which may include: -Consumer Price Index -Gas Prices -Bank of Canada Rates Explain the relationship between economic indicators and the financial wellbeing of consumers, businesses, and government Use a variety of statistical measures to evaluate a market which may include: -GDP (Gross Domestic Product) -Employment Rate -CPI (Consumer Price Index) 13.5 none slight moderate extensive the global market Evaluate an economic system s performance based on criteria which may include: -Freedom -Growth -Security -Environment -Employment -Efficiency -Government Spending -Debts Analyze the roles of individuals, business, and government in economic decision making. Analyze factors that affect global trade which may include: -Exchange rates -Stock market Economic Principles 40s Curriculum Correlation Form page 12 of 13
General Learning Goal 13 Continued -Investment -Tariffs -Trade Agreements -Foreign policy -Conflict -Black market -Fair Trade -Sweat Shops -Outsourcing 13.6 none slight moderate extensive how economic factors influence decision making. how economic factors influence personal, consumer, business and government decision making. Apply economic principles and concepts to complete an economic impact study (for example what are the causes and effects of...) Economic Principles 40s Curriculum Correlation Form page 13 of 13