Economics - TRADE - INTERNATIONAL TRADE - EXPORTS & IMPORTS - Globalization
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Description
Economics
International Trade
Exports and Imports
Free Trade and Trade Barriers
This learning package focuses on the basics of international trade. It is easy to implement as a lesson or as self-guided work. The material is sequenced, scaffold, and simplified in order to enhance overall learning comprehension.
Objectives: Students will be able to:
· Define key terms related to international trade:
free trade, trade barriers, absolute advantage, displacement of workers, trade deficit, international trade, globalization, exports, imports, and trade surplus
· Explain why international trade has significantly increased overtime.
· Identify the causes of globalization.
· Describe the benefits of international trade.
· Describe the possible negative impacts of international trade.
· Evaluate trade deficits and trade surpluses.
· Explain how absolute and comparative advantages influence what countries export.
· Compare and contrast free trade, protectionism, and trade barriers.
· Explain the role of trade agreements and the World Trade Organization (WRTO).
· Analyze U.S. trade deficits.
Other helpful learning materials:
The Federal Budget, National Debt
FEDERAL RESERVE, MONETARY POLICY, Money Supply
BUYING A CAR, Personal Finance
Supply and Demand, Equilibrium, Surplus, Shortage, Fixed Prices
Scarcity, Opportunity, Factors of Production, Needs and Wants
Thank You
Feedback is Greatly Appreciated
Michael K. Powell