Economics 12 / Advanced Placement Macroeconomics 12

Course Overview

This course is designed to help students understand how the economy works; and, since the economy is quite complex, the course is specifically designed to make the complex easy to understand. In taking this course, you will gain an understanding of how modern, free-market economies work. From the basics of supply and demand to the complexities of interest rates, foreign exchange, international trade and monetary policy - you will learn it all!

Students have the option of taking Economics 12, AP Macroeconomics, or an efficient method for obtaining both, which qualifies for dual credit. The AP level course will challenge the analytical abilities of students, teaching them to think in multi-variate ways about any number of more advanced economic concepts and their ramifications. The learning framework for both courses is laid out in an easy to follow, user-friendly format, with each lesson identifying the basic concepts to be learned, followed by a short video that summarizes the main concepts. Thereafter, students are directed to condensed readings and efficient exercises that will enable them to respond to case studies, short Q&A prompts and a brief multiple-choice quiz. AP students will have extended activities and tests that prepare them for the College Board exam in May of each year, in which case successful candidates will receive first year university credit in Macro Economics. While there is no exam for Economics 12, the AP Macro Economics course will conclude with a two-hour mock AP exam, which students will be well prepared for through the immense course preparations.

Units covered include: Economic basics (mostly supply and demand), economic indicators (unemployment, inflation and GDP), economic systems (capitalism, socialism), fiscal and monetary policy, modern schools of economic thought and international economic issues (trade and foreign exchange issues), ethical issues and contemporary problems in economics. We will also explore philosophical concepts such as wealth and poverty from a variety of lenses and what it means to be a responsible government, business or citizen within the boundary of economic exchange.

In short, this course explores the choices that individuals and societies make about the use of resources in a competitive global economy. Students will use economic concepts and models, as well as methods of economic inquiry to analyze current economic issues and make informed economic choices based on their analysis - for example, what policy actions might be taken in order to combat a recession or deal with unexpected inflation?


Time Commitment:

120 hours (3-4 hours/week linear)


Math 10

Ordering Information

Ordering Information

If you would like to examine any of courses, or place an order, please contact the office at info@icos.ca or call us toll free 1-877-862-2375 x473