Chapter 4: Overview of Economics

In this section

• Defining Economics
  Explore the foundational principles of economics, focusing on how individuals, businesses, and governments allocate scarce resources to meet competing needs in Canadian and global contexts.
• Measuring Economic Growth
  Explore the fundamentals of measuring economic growth through key concepts like GDP, GNP, and Real GDP, with a focus on Canadian economic frameworks, official data sources, and practical investment insights.
• The Business Cycle in the Canadian Economy
  Explore the expansion, peak, contraction, and trough phases of the business cycle, their drivers, and their impact on investment strategies in Canada's dynamic financial markets.
• The Labour Market: Indicators, Dynamics, and Economic Implications
  A comprehensive overview of labour market indicators, types of unemployment, government interventions, and real-world Canadian examples.
• The Role of Interest Rates in Canadian Financial Markets
  A comprehensive exploration of how interest rates influence Canada's economy, capital markets, and investment decisions.
• The Impact of Inflation
  Explore how inflation influences economic growth, monetary policy, and personal finance, and learn strategies to manage its effects on investments.
• International Finance and Trade
  Discover how global economic interactions, trade agreements, and currency exchange shape Canada's economy and investment landscape.