Module 8
1. Module 8
Module 8: Daily Living
Module 8 Introduction
© Tupungato/4145828/Fotolia
Have you considered how interdependent Canadians are? Whether you live in a rural community or in the city, whether you live along the American border in Canada’s South or in Canada’s North, many of the items you rely on have been transported great distances to get from where they were grown or manufactured to where you live. Goods also travel outside of Canada. Many Canadians are dependent on exporting their products to the United States and other countries.
Each person has a role to play in this web of interdependence—from the grocer who stocks the shelves in the local store, to the banker without whom commerce would grind to a halt, to the trucker who hauls the goods to your community. There are many occupations and careers you could choose from this interwoven web; each career makes an important contribution!
In Module 8 you will explore the cost of goods and how goods are priced. You will examine ways of saving money by comparing prices. You will also discover how the relative values of foreign currencies are used in international trade and commerce. These tools are part of daily living and making your income go further.
As you move further through Module 8, you will explore different ways income is paid in various occupations. You will investigate the advantages and disadvantages of each method of earning income, so that you can make informed choices in the future. You will also explore deductions from your pay—taxes, pension-plan contributions, and employment insurance. Canada uses the money collected through deductions from you paycheque to provide opportunity and support to all Canadians.
In Module 8 you will investigate the following questions:
How does an understanding of unit pricing and currency exchange help in your daily life?
What are the various ways income is earned and deductions from pay are calculated?
Once you have completed this module, you should have the skills necessary to complete the Unit 4 Project. Make sure you take a moment now to skim the Unit 4 Project, so that you know what to expect.
Save a copy of the Module 8 Glossary in your course folder now.
The Module 8 Glossary is a list of all of the new terms you will see in the lessons. Each time you see a definition, open your copy of the Glossary. Use the space available to add notes or drawings to help your understanding. You will be able to use your personal Glossary as a study tool.