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Canadian economy. Ss10 unit 1 Relationship with land. What you already know…. What are words/terms you associate with economy / economics ?. What you already know…. What are words/terms you associate with the canadian economy?. overview…. Terms and Concepts (INFO SHARING)
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Canadian economy Ss10 unit 1 Relationship with land
What you already know… What are words/terms you associate with economy/economics?
What you already know… What are words/terms you associate with the canadian economy?
overview… • Terms and Concepts (INFO SHARING) • Economic Regions (SMALL GROUPS) • Bigger Picture: Canada in the North American and Global Economy (INFO SHARING) • SWOT Analysis of Canada’s economy (WHOLE CLASS) • Changes to the Canadian economy (WHOLE CLASS) • Chapter Objectives (SOLO MISSION)
Terms and Concepts (INFO SHARING) The study of economics is… The economy of a country is…
Terms and Concepts (INFO SHARING) Types of Economies
Terms and Concepts (INFO SHARING) Supply and Demand in a Capitalist Economy • Government interventions (pricing restrictions, quota restrictions, subsidies) • Market interventions (marketing plans, monopoly) • Illegal market influence
Terms and Concepts (INFO SHARING) Economic Analysis
Terms and Concepts (INFO SHARING) Economic Sectors
Economic Regions (SMALL GROUPS) • In your model groups: • Two statements on the region’s historical economy. • Two statements on the region’s contemporary economy. • One statement on the role of geography on the economy. • One statement on the region’s relationship with Canada with respect to the economy. • Write each statement on the corresponding piece of paper. • When complete, post the statement on the appropriate chart paper.
Bigger Picture: Canada in the North American and Global Economy (INFO SHARING) Mercantilism Branch Plant Nationalism (Protectionism) Free Trade*
Bigger Picture: Canada in the North American and Global Economy (INFO SHARING) "Living next to you," Trudeau told an American audience in a speech to the National Press Club in 1969, "is like sleeping with an elephant; no matter how friendly and even-tempered is the beast, one is affected by every twitch and grunt.” Foreign Affairs Canada
Bigger Picture: Canada in the North American and Global Economy (INFO SHARING)
Chapter Objectives (SOLO MISSION) Referring to the chapter outcomes, select two and on separate post-it notes, write related statements of evidence, observations or analysis. Place each post-it note on the appropriate chart paper. Finished? Select another one. Finished? Select another one. Finished? …