Welcome to CW Economics!

The study of economics is challenging and rewarding. Use this site to check up on topics covered, homework assigned, and assignments given.

Upcoming Assignments and Tests

  • Grade 12 Book Club Monday, January 16. Journals due Tuesday, January 17
  • Grade 12 essays due Tuesday, January 24 at 10:24am (2 COPIES)
  • Grade 11 Final Summative Game due Tuesday, January 24 at beginning of class.
  • Monetary Policy - Interest Rates due Tuesday, January 10
  • Banking Assignment due Friday, December 23

Friday, December 19, 2014

38 maps that explain the world

Here are some fascinating ways to look at the world economy, including the night sky map shown below.  Click on the link below the picture to see the rest.
 
 


38 maps that explain the world

Thursday, December 4, 2014

ASSIGNMENT - Where is Canada in the business cycle?

Where is Canada in the business cycle?

Here is the link to Statistics Canada's most recent listing of economic indicators.
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/indi02a-eng.htm

For more information on unemployment rates over the last few years, click on the link given in November 23rd's posting. Look at the chart for Canada vs. US unemployment rates to see where our unemployment rates have been since the 2008-2009 recession.

1) What is happening to GDP, Unemployment, and inflation? Use these statistics to support your answer. Explain what they mean in your own words.

2) Are there any other indicators that look concerning? Explain what they mean in your own words.

3) Are there any other indicators that are positive? Use these statistics to support your answer. Explain in your own words what these statistics mean if necessary.

(GRADE 12) Your assignment: Where is Canada in the business cycle? Write your answer in 5 paragraphs. Use the above 3 questions as paragraph topics and have an opening and closing paragraph. Use these indicators to support your answer.

(GRADE 11) Your assignment: Where is Canada in the business cycle? State your answer then support it by using your answer to question 1. Do not answer questions 2 and 3. Your answer should be approximately half a page, and will be easier to read if you don't make it all one long paragraph.

Friday, November 14, 2014

GDP Assignment - Time Magazine article

Is GDP an Obsolete Measure of Progress?    Read this article online then answer the questions below.  Submit your answers on paper or electronically. 
  1. When was GDP developed?  What was its purpose?
  2. What is the criticism that the author and other economists are making of GDP as a  measure of progress?
  3. Why is GDP still used so widely?
  4. Analyze 3 other indicators that could be used to measure a country’s progress.  Use an organizer similar to below.  You may need to research some information on the internet to complete it.



Name of indicator and what it stands for
Who has developed it?
What does it include?
Canada’s ranking
HDI






GPI






HPI







5.   Name 2 things someone in your family did this week that contributed (directly or indirectly) to GDP.

6.  Name 2 things someone in your family did this week that is of value but would not be counted in the GDP.

 

Links to Economic Indicators

GDP per capita (PPP)

UN Human Development Index

Nominal GDP by country

GPI

HPI


Link to GDP video

Wednesday, October 15, 2014

Link to 60 Minutes Gun Rush video


60 Minutes - Gun Rush
http://www.cbsnews.com/video/watch/?id=5189467n

See Mrs. Meston for question sheets - answers are due Tuesday, October 21.