Outcome Chart - Ontario - Economics CIC4E: Making Personal Economic Choices

This chart contains media-related learning outcomes from Ontario, Curriculum for Economics CIC4E: Making Personal Economic Choices, with links to supporting resources on the MediaSmarts site.

Economic Inquiry and Skill Development

Overall Expectations

A1. Economic Inquiry: use the economic inquiry process and the concepts of economic thinking when investigating economic issues, including those related to personal economic choices;

Specific Expectations

A1.1 formulate different types of questions to guide investigations into economic issues, including those related to personal economic choices

A1.2 select and organize relevant data, evidence, and information on economic issues, including those related to personal economic choices, from primary and secondary sources (e.g., primary: bank or credit card statements, contracts or agreements for online products/services, interviews, pay stubs, statistics; secondary: advertisements, business reports, documentary films, news articles, textbooks, websites of companies or consumer groups), ensuring that their sources reflect different perspectives

A1.3 assess the credibility of sources relevant to their investigations (e.g., by considering how the data or information was constructed; the accuracy, purpose, and/or context of the source; the intended audience; the bias, values, and/or expertise of the author

A1.4 interpret and analyse data, evidence, and information relevant to their investigations, using various tools, strategies, and approaches appropriate for economic inquiry

A1.5 use the concepts of economic thinking (i.e., economic significance, cause and effect, stability and variability, and economic perspective) when analysing and evaluating data, evidence, and information and formulating conclusions and/or judgements about economic issues, including those related to personal economic choices

A1.6 evaluate and synthesize their findings to formulate conclusions and/or make informed judgements and/or predictions about the economic issues they are investigating

A1.7 communicate their ideas, arguments, and conclusions using various formats and styles, as appropriate for the audience and purpose

A1.8 use accepted forms of documentation (e.g., footnotes or endnotes, author/date citations, reference lists, bibliographies, credits) to reference different types of sources (e.g., articles, books, film or videos, interviews, websites)

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Lesson Plans

Markets, Consumers and Producers

Overall Expectations

D2. Rights and Responsibilities of Consumers: describe key rights and responsibilities of consumers, as well as some significant aspects of consumer behaviour, and analyse their significance

Specific Expectations

D2.1 identify key rights of consumers (e.g., truth in advertising, protection from hazardous products, warnings about potential dangers associated with improper use of products) and possible recourse when these rights are infringed (e.g., returning the product to the producer or the point of purchase, writing a letter of complaint, reporting the problem to the relevant government department, using social media to alert others to the problem and/or to campaign for the producer to change its practices)

D2.2 identify key responsibilities of consumers (e.g., contractual obligations; the responsibility to make informed decisions, read and follow product information and instructions, use and dispose of products safely), and analyse their significance

D2.3 explain how various consumer choices can affect the natural environment

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Overall Expectations

Responsibilities of Producers: analyse some responsibilities and business practices of, and some regulations affecting, producers

Specific Expectations

D3.2 describe some unethical and/or illegal business practices (e.g., bribery, insider trading, disregarding environmental or other regulations), and explain why they occur

D3.3 identify some government regulations that affect producers (e.g., regulations related to labour mobility, labelling, the environment, minimum wages, worker health and safety, accessibility, hazardous materials, foreign ownership), and assess the impact of regulations on different stakeholders (e.g., consumers, employees, employers, environmentalists)

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