To understand economics, you need some tools. These are the skills you will use as you progress through the course, and apply to life. Economic thinking is a new way of approaching problems in society which help us understand the world. Graphing is an important skill, especially understanding how graphs are constructed and how they help us to understand the effects of actions.
This unit is all about Macroeconomics - how the whole economy works or is impacted by policy decisions. Factors such as unemployment, inflation or the aggregate (total) income of the country as a whole are analysed, which then influences how the government will or will not respond.
Canada is impacted not only by what happens inside the country but also by factors outside. Trade has been important since Canada became a country, although with whom and what is traded changes over time. To what degree we should be responsible for what happens outside our borders is an important issue for each person to think about.
This final culminating activity asks you to do two things: reflect on your learning in the course; and apply what you have learned to the question about which has the greater influence on us: our nature (how we were born) or nurture (our environment and our experiences).
