CIE3M Acknowledgements

Acknowledgements

Some images supplied by Getty Images. Other images, graphs, diagrams, and illustrations in this course, unless otherwise specified, are TVO created.

For row 200 a Getty item is missing required information (title/author/sourcedFrom)

Learning Activity Cover

Open doors in field, © Sergey Nivens/Dollar Photo Club.

Learning Activity 1

Five chocolate bars, © picsfive/Dollar Photo Club.

Note pinned on a cork board, © thinglass/Dollar Photo Club.

Graph: Dependent and independent variables, Narragansett School System, URL: https://web.archive.org/web/20161014065154/http://www.narragansett.k12.ri.us:80/resources/necap%20support/gle_support/Math/resources_functions/dep_indep.htm, Accessed 11/07/2017. Example 22.2 Price of Apples. Copyright © 2008 Narragansett School System.

Diagram: Circular flow theory, Irconomics, URL: https://commons.wikimedia.org/wiki/File:Circular_flow_of_goods_income.png, Published 12/02/2008, Accessed 11/07//2017.

Scales balancing pros and cons, © Ivelin Radkov/Dollar Photo Club.

Vending machine cartoon, Harley Schwadron, Artizans Entertainment Inc, URL: www.artizans.com/image/SCH1368/vending-machine-offers-free-lunch-for-ten-dollars/ W:http://www.lukeyishandsome.com/2013/06/my-2-cents-thoughts-about-world-ventures.html, Accessed 11/07//2017. © Harley Schwadron/Artizans Entertainment Inc.

Equally balanced demand and supply scales, © iQoncept/Dollar Photo Club.

Luxury car parked in front of a luxury house, © apfelweile/Dollar Photo Club.

Graph: Increase in demand/decrease in demand, John Zamen, URL: https://johnzamen.com/microeconomics/demand-and-supply/, Accessed 11/07//2017.

Graph: Movement along demand curve of shares, Kari Medalla, URL: karimedalla.wordpress.com/2012/09/09/so-demanding-chapter-2-qa/, Published 09/09/2012, Accessed 11/07//2017.

Graph: Movements/shifts of the supply curve, wymannliew, URL: http://wymannl.blogspot.ca/2013/06/microeconomics-assignment-1.html, Accessed 11/07//2017.

Graph: Change in quantity supplied, Glenn Hoffarth, URL: https://ghoffarth.wordpress.com/introduction-to-economics/unit-3-supply-and-demand/, Accessed 11/07//2017.

Graph: Shortage, © Robert Schenk, URL: http://ingrimayne.com/econ/DemandSupply/Adjustment2.html, Accessed 11/07//2017.

Graph: Surplus, © Robert Schenk, URL: http://ingrimayne.com/econ/DemandSupply/Adjustment2.html, Accessed 11/07//2017.

Honour Water, Christi Belcourt, URL: http://christibelcourt.com/water/, Published 15/09/2014, Accessed 03/08/2017.

Drying moose meat in preparation for pemmican, Ile-a-la-Crosse, creator unknown, Provincial Archives of Saskatchewan, URL: http://web.archive.org/web/20171107162902/http://www.naho.ca/documents/metiscentre/english/Cookbook_SecondEdition.pdf, Published 1927, Accessed 08/02/2023. Reference code: R-A1011 (1)-(2); Source: Métis Cookbook and Guide to Healthy Living, Second Edition.

Andrew Tommy, Inuit story teller, Chilugan, Alaska, Alex Harris, URL: http://alex-harris.com/media/photos/77_Eskimo_Storyteller/_large/01-Andrew%20Tommy.jpg, Published 07/1977, Accessed 03/08/2017.

Inuk man near Kugluktuk takes his catch in to the Hudson's Bay Company trading post there, Richard Harrington, Department of Indian Affairs & Northern Development, Library and Archives Canada, URL: http://central.bac-lac.gc.ca/.redirect?app=fonandcol&id=3202744&lang=eng, Published 1949, Accessed 08/02/2023. e010934205-v8.

First Nations economic participation in BC economy, First Nations LNG Alliance, URL: https://www.youtube.com/watch?v=_XzvHFVORlw, Published 25/04/2017, Accessed 03/08/2017. First Nations LNG Alliance, https://www.facebook.com/FNLNGA/.

What are you going to do about it?, Art Manuel, Red Rising Magazine, URL: http://redrisingmagazine.ca/what-are-you-going-to-do-about-it/, Accessed 03/08/2017.

Learning Activity 2

Graph: Price ceiling on the market for apartments, Libby Rittenberg and Timothy Tregarthen, FlatWorld, URL: http://2012books.lardbucket.org/books/macroeconomics-principles-v1.1/s07-02-government-intervention-in-mar.html, Published 2011, Accessed 11/07//2017. In Macroeconomics Principles (v. 1.1).

Graph: Price floors in wheat markets, Libby Rittenberg and Timothy Tregarthen, FlatWorld, URL: https://open.lib.umn.edu/principleseconomics/chapter/4-2-government-intervention-in-market-prices-price-floors-and-price-ceilings/, Published 2011, Accessed 11/07//2017. In Macroeconomics Principles (v. 1.1).

Frozen apple orchard, © leonidis97/Dollar Photo Club.

Frederick Winslow Taylor, creator unknown, URL: https://commons.wikimedia.org/wiki/File:Frederick_Winslow_Taylor_crop.jpg, Accessed 11/07//2017.

Magneto Assembly at the Ford Highland Park Plant, Ford Motor Company, The U.S. National Archives and Records Administration, URL: https://commons.wikimedia.org/wiki/File:Ford_assembly_line_-_1913.jpg, Published 1913, Accessed 11/07//2017. #HF96001.

Cartoon of ten men around a meeting table wearing chef hats, © cartoonresource/Dollar Photo Club.

Graph: Marginal product and average product curves, M. Healy, Harper College, URL: http://www.harpercollege.edu/mhealy/eco211/lectures/costprod/costfr.htm, Accessed 11/07//2017.

Graph: Marginal cost curve, Bluemoose/Jarry1250, URL: http://commons.wikimedia.org/wiki/File:Economics_Perfect_competition.svg W: http://dachpian3a.saschina.wikispaces.net/Unit%202%20Illustrations, Accessed 11/07//2017.

Diagram of various types of investments, © dizain/Dollar Photo Club.

Various investment fund securities, © mario beauregard/Dollar Photo Club.

Graph: Risks and returns, © Dmitry/Dollar Photo Club.

Buy low, Sell high illustration, © dalebor/Dollar Photo Club.

What is your price to earnings ratio, © iQoncept/Dollar Photo Club.

Happy family with piggy bank, © Andrey Popov/Dollar Photo Club.

Credit diagram, © Stuart Miles/Dollar Photo Club.

Four types of business ownership, © Kheng Guan Toh/Dollar Photo Club.

Ice cream cone and truck, © adambstew/Dollar Photo Club.

Shop owners showing their first earned dollar, © diego cervo/Dollar Photo Club.

Mountain Equipment Co-op store, SCARPA, © SCARPA North America, Inc, URL: http://blog.scarpa.com/retailer-shout-outs-mountain-equipment-co-op/, Accessed 11/07//2017. Scarpa North America Blog.

TVO logo, TVO, OECA, Accessed 11/07//2017.

Globe with trees and buildings, © Gstudio Group/Dollar Photo Club.

Collage of resources required by clothing designers, © Africa Studio/Dollar Photo Club.

Learning Activity 3

Demand, marginal revenue and profit maximization for a perfect competitor, Jason Welker, URL: www.youtube.com/watch?v=ivBLIlhag5w, Published 10/02/2012, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Profit maximization, revenue maximization and PED in pure monopoly, Jason Welker, URL: www.youtube.com/watch?v=0GA_QBUXUbw, Published 06/03/2012, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Intersection of demand and supply curves, © adrian_ilie825/Dollar Photo Club.

Graph: Marginal cost and revenue curves within a perfect competition, Economics Online Ltd, URL: www.economicsonline.co.uk/Business_economics/Perfect_competition.html, Accessed 11/07//2017. Copyright: www.economicsonline.co.uk.

Graph: Marginal cost and revenue curves within a monopolistic competition, Biz/ed, URL: www.bized.co.uk/reference/diagrams/Monopolistic-Competition---Short-Run-to-Long-Run, Accessed 11/07//2017. © 1996-2012 Biz/ed.

Graph: Marginal cost and revenue curves within a monopoly, EconomicsHelp, URL: www.economicshelp.org/microessays/markets/monopoly-diagram/, Accessed 11/07//2017. © copyright EconomicsHelp.org 2015. All rights reserved.

The "Shut-down Rule" - When should a firm shut down in the face of economic losses?, Jason Welker, URL: www.youtube.com/watch?v=_-OWuxR0-V8, Published 23/02/2012, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Productive vs allocative efficiency, EconomicsHelp, URL: https://www.economicshelp.org/blog/2412/economics/productive-vs-allocative-efficiency/, Published 21/10/2010, Accessed 11/07//2017. © copyright EconomicsHelp.org 2015. All rights reserved.

Graph: Goods and services, EconomicsHelp, URL: www.economicshelp.org/blog/2412/economics/productive-vs-allocative-efficiency/, Published 21/10/2010, Accessed 11/07//2017. © copyright EconomicsHelp.org 2015. All rights reserved.

Graph: Lowest point on SRAC curve, EconomicsHelp, URL: www.economicshelp.org/blog/2412/economics/productive-vs-allocative-efficiency/, Published 21/10/2010, Accessed 11/07//2017. © copyright EconomicsHelp.org 2015. All rights reserved.

Graph: Consumer surplus, Economics Online Ltd, URL: www.economicsonline.co.uk/Competitive_markets/Consumer_and_producer_surplus.html, Accessed 11/07//2017. Copyright: www.economicsonline.co.uk.

Introduction to consumer surplus, Junaid S. Ahmed, Enhance Tuition, URL: https://www.youtube.com/watch?v=rA4baHTcb98, Published 04/12/2016, Accessed 11/07//2017.

Graph: Producer surplus, Economics Online Ltd, URL: www.economicsonline.co.uk/Competitive_markets/Consumer_and_producer_surplus.html, Accessed 11/07//2017. Copyright: www.economicsonline.co.uk.

Consumer and producer surplus, Andrew Williams/UWA Business School Microeconomics, URL: https://www.youtube.com/watch?v=tL9P2h0UpHc, Published 19/01/2016, Accessed 11/07//2017.

Graph: Negative externalities, Rob Dietz, Center for the Advancement of the Steady State Economy (CASSE), URL: steadystate.org/negative-externalities/, Published 01/04//2012, Accessed 11/07//2017.

Graph: Negative externality with tax, Evan Schmidt, Schmidtomics - An Economics Blog, URL: schmidtomics.blogspot.ca/2010/02/negative-externalities-of-production.html W: http://ibeconreview.pbworks.com/w/page/44830122/Notes-%20Market%20Failure?mode=embedded, Accessed 11/07//2017.

Negative externalities - AP microeconomics, © Craig Medico, URL: https://www.youtube.com/watch?v=c_yC5MxWTSg, Published 06/05/2014, Accessed 11/07//2017. www.nobulleconomics.com.

Graph: Positive externalities, Brigham Young University Idaho, URL: courses.byui.edu/econ_150/econ_150_old_site/lesson_11.htm, Accessed 11/07//2017.

Graph: Positive externality with subsidy, The Student Room, URL: www.thestudentroom.co.uk/showthread.php?t=3099829, Accessed 11/07//2017. © Copyright The Student Room 2015.

Positive externalities, © Craig Medico, URL: https://www.youtube.com/watch?v=WCyHGaV-SLI, Published 06/05/2014, Accessed 11/07//2017. www.nobulleconomics.com.

Roller coaster, © torsakarin/Dollar Photo Club.

Graph: Lorenz curve, © David A. Latzko, Pennsylvania State University, York Campus, URL: http://www.personal.psu.edu/~dxl31/econ2/Fall_2014/2lecture37.html, Accessed 11/07//2017.

Measuring GDP using the income approach and the expenditure approach, Jason Welker, URL: www.youtube.com/watch?v=ZdGnhusKnRU, Published 29/03/2012, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Hand with money, © chiyacat/Dollar Photo Club.

Macroeconomics: Unit 3 summary, ACDLeadership, URL: https://www.youtube.com/watch?v=k_fBAYEepco, Published 12/01/2016, Accessed 11/07//2017. www.ACDCecon.com.

Graph: Aggregate supply curve, Revisionguru, URL: revisionguru.co.uk/revisionguru/economics-2/economics-as-unit-2/aggregate-supply-and-macroeconomic-equilibrium/, Accessed 11/07//2017. © 2015 Revisionguru.

Hot air balloons, © Vladyslav Danilin/Dollar Photo Club.

Train on trestle, © LE Media/Dollar Photo Club.

Graph: The business cycle, © Supriya Guru, URL: www.yourarticlelibrary.com/macro-economics/theories-macro-economics/business-cycles-meaning-phases-features-and-theories-of-business-cycle/38063/, Accessed 11/07//2017. In Business Cycles: Meaning, Phases, Features and Theories of Business Cycle.

Circular flow of income, Geoff Riley, URL: beta.tutor2u.net/economics/blog/study-note-the-circular-flow-of-income, Published 15/09/2011, Accessed 11/07//2017.

People multiplying, © Christos Georghiou/Dollar Photo Club.

Fiscal policy: The government spending multiplier, Jason Welker, URL: www.youtube.com/watch?v=IWGt-CSnXc8, Published 28/11/2011, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

John Maynard Keynes, 1st Baron Keynes of Tilton; Lydia Lopokova; by Walter Benington, for Elliott & Fry; bromide print, 1920s; Given by Bassano & Vandyk Studios, 1974; URL: http://www.npg.org.uk/collections/search/portrait.php?search=ap&npgno=x90117&eDate=&lDate=, Photographs Collection; NPG x90117; © National Portrait Gallery, London.

Friedrich August von Hayek, 27th January 1981, the 50th Anniversary of his first lecture at LSE, URL: https://commons.wikimedia.org/wiki/File:Friedrich_August_von_Hayek,_27th_January_1981,_the_50th_Anniversary_of_his_first_lecture_at_LSE,_1981.jpg, 1981, © Library of the London School of Economics and Political Science Credit: LSE Library.

Essential Hayek: Who is F.A. Hayek, Kristin McCahon, The Fraser Institute, URL: www.youtube.com/watch?v=9fBFVquMLuw, Published 12/06/2015, Accessed 11/07//2017.

Introduction to the money market, Jason Welker, URL: www.youtube.com/watch?v=BoDjLCKov9I, Published 17/01/2012, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Bank of Canada building, Ottawa, d. neuman, URL: https://commons.wikimedia.org/wiki/File:Bank_of_Canada_Building_Ottawa_(2).jpg, Published 12/04/2009, Accessed 11/07//2017.

People Crossing King Street at Yonge, Downtown Toronto, Ontario, Canada, KathrynHatashitaLee/iStock Unreleased/Getty Images

The tools of monetary policy, Jason Welker, URL: www.youtube.com/watch?v=rcPEkmstDek, Published 19/01/2012, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Learning Activity 4

Real GDP and the GDP deflator, Jason Welker, URL: www.youtube.com/watch?v=iNfNZ1mIGRE, Published 08/05/2012, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Learning Activity 16

Measuring the macroeconomic objectives: Economic growth, unemployment and inflation, Jason Welker, URL: www.youtube.com/watch?v=fvWk_l66mkA, Published 29/03/2012, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Learning Activity 17

Learning Activity 18

Learning Activity 19

Highlights of Canada’s Merchandise Trade Performance in 2021, Kevin Jiang, Office of the Chief Economist, Government of Canada, URL: https://www.international.gc.ca/trade-commerce/economist-economiste/analysis-analyse/merchandise_trade-commerce_marchandises-2021.aspx?lang=eng, Published April 2022, Accessed 01/02/2023.

The relationship between the Current Account Balance and Exchange Rates, Jason Welker, URL: www.youtube.com/watch?v=cg17YTtsk2U, Published 24/02/2012, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Graph: Aggregate demand decreases, Sang-Keun Kim, URL: sangecon.wordpress.com/tag/supply/, Accessed 11/07//2017.

Graph: Aggregate demand increases, Sang-Keun Kim, URL: sangecon.wordpress.com/tag/supply/, Accessed 11/07//2017.

Introduction to exchange rates and the Forex Market, Jason Welker, URL: https://youtu.be/EiXYP93hvGQ, Published 16/10/2015, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Learning Activity 20

Graph: The effects of a tariff on domestic supply and demand, Ken Edge, State of New South Wales, Department of Education and Communities and Charles Sturt University, URL: http://anebilica.blogspot.ca/2015/09/tariffs-tariff-is-simply-tax-imposed-by.html, Published 20/09/2015, Accessed 11/07//2017. Reproduced with permission from NSW HSC Online http://hsc.csu.edu.au © NSW Department of Education and Communities, and Charles Sturt University, 2015.

Protectionist tariffs, Jason Welker, URL: https://www.youtube.com/watch?v=80MJngzdDkI&feature=youtu.be, Published 09/10/2015, Accessed 11/07//2017. Granted under a Creative Commons Attribution 3.0 license: https://creativecommons.org/licenses/by/3.0/.

Graph: The effects of an import quota on domestic supply and demand, Economics Online Ltd, URL: www.economicsonline.co.uk/Global_economics/Tariffs_and_quotas.html, Accessed 11/07//2017. Copyright: www.economicsonline.co.uk.

Is NAFTA a success story or damaging policy, PBS NewsHour, © NewsHour Productions LLC, URL: www.youtube.com/watch?v=DGeTZ4u2jbg, Published 20/02/2014, Accessed 11/07//2017.