1. Topic-
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Economic Interactions Between Countries
International Trade |
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2. Content-
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Personal Investments
1. Patterns of Economic Interaction Between Countries
2. National Debt
3. Balance Of Trade
4. International Trade
5. Tariffs
6. Quotas
7. Export Subsidy
8. Product Standard
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3. Goals: Aims/Outcomes-
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1. Students will read aloud article and write a summary after each
section.
2. Students will analyze how interactions between countries fosters
world trade.
3. Students will apply how balance of trade affects economies.
4. Students will evaluate the national debt of the United States.
5. Students will read the article "What Is International Trade?" and
write a summary after each paragraph.
6. Teacher will discuss product standards.
7. Teacher will analyze effects of tariffs and quotas on international
trade. |
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4. Objectives-
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1. Describe how balance of trade affects a nation's monetary stability.
2. Analyze the benefits of free trade among nations.
3. Evaluate how tariffs and quotas contribute to isolationism.
4. Compare and contrast tariffs and quotas. |
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5. Materials and Aids-
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(EPO) UW.G7.5SS.C4.PO2
Identify the patterns of economic interactions between countries (national
debt and balance of trade)
Handouts ""Balance of Trade and National Debt" and "What Is International
Trade?". |
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6. Procedures/Methods-
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A. Introduction-
1. Review key glossary of key economic vocabulary terms (11-20)
for 9/1/2015 quiz.
2. Introduce new concepts and vocabulary. On personal investments.
3. Essential question: What is international trade? How does international
trade impact an individual? How does it impact society?
4. Essential question: How does international trade lead to economic
growth?
5. Essential question: What are the dangers of isolationism? |
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B. Development-
1. Students read articles out loud and summarize each paragraph
read with prompts from the teacher.
2. Teacher provides examples of international trade.
3. Teacher provides analysis balance of trade and international trade.
4. Teacher facilitates discussion with students on dangers of isolationism. |
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C. Practice-
1. Students evaluate balance of trade and international relations.
2. Students compare and contrast free trade versus isolationism.
3. Students evaluate international trade and economic growth. |
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D. Independent Practice-
1. Students provide verbal feedback.
2. Students discuss shopping for brand names products that are imported.
3. Students discuss what it would be like without international trade. |
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E. Accommodations (Differentiated Instruction)-
1. Large, concise information with basic information underlined
on whiteboard.
2. Sped students listen and copy answers off the whiteboard.
3. Reduce Sped summaries for each paragraph. |
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F. Checking for understanding-
1. Oral questioning
2. Definitions
3. Concepts |
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G. Closure-
1. Summarize key terms and concepts discussed during the reading
of the two articles.
2. Reflection: Can Americans life style be sustained without international
trade? |
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7. Evaluation-
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1. Quiz Glossary of Key Economic Terms 11-20 terms
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8. Teacher Reflection-
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| What would life be like without international trade?. Do the students
realize the importance of international trade and interdependence? |
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