Prerequisite or Co-requisite: Social Studies 10-1 or 10-2
Credits: 6
What is economics? Economics is the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like wealth and finance, but it’s not all about money.
Economics is a broad discipline that includes supply and demand, inflation, the consumer price index (CPI), gross national product, economic systems, government controls of business cycles, and much more. This course is broken into two parts: microeconomics and macroeconomics. The study of individual decisions is called microeconomics. The study of the economy as a whole is called macroeconomics.
Please note: Economics can be used to meet entrance requirements to post-secondary.