WELCOME TO CIA 4U

ECONOMICSMrs. Ross

Period 3B/C Room 215

• “Little hope for lower unemployment this year: Flaherty”

• “Why high food costs may be a bigger threat than oil prices”

• “Flaherty on right track, economists say” • “Jim Flaherty confident books will be balanced

by 2015” • “Canada no longer leads recovery standings” • “Loonie’s strength puts pressure on

productivity”• “How to identify your intellectual capital” • “Flaherty plans March budget”

Why study Economics?• think analytically and critically to solve

complex problems• Learn to read the newspaper• Be an informed voter• Learn communication/presentation skilss• Jobs in economics - academia and

government, as well as all facets of the business world, including manufacturing, mining, banking, insurance, retailing, sports, recreation, entertainment, and technology

BUSINESSES

GOVERNMENTHOUSEHOLDS

SECTORS IN THE CANADIAN ECONOMY

INTERNATIONAL ECONOMY

LAND: NATURAL RESOURCES

CAPITAL – “K”

LABOUR

Stephen HarperPrime Minister of Canada

Barack ObamaPresident of the United States

Jim FlahertyMinister of Finance

Marc CarneyGovernor of the Bank of Canada

MICHAEL IGNATIEFF Leader of the LIBERAL

PARTY

JACK LAYTON

President Hu Jintao of China

Prime Minister Manmohan Singh

G8 Countries

G 20 COUNTRIES

LAND: Natural Resources

Economic Models

The Economic Rollercoaster

Adam SmithThe Father of Economics

John Maynard Keynes

Karl Marx