Students learn how currency values are set by supply and demand, and how changes in the value of currency affect international trade. Students then find the value of the Brazilian Real in 2000 and 2002, determine whether the currency has appreciated or depreciated, and predict the effects on imports and exports.
On January 26, 2010, the film Avatar officially topped Titanic as the top-grossing film of all-time at the box office. However, the following day, Forbes.com published an article entitled Is Avatar Really King of the Box Office? The article explains how using calculations such as the Consumer Price Index (CPI), one can show how the film Gone With the Wind has grossed more when the value of the box office receipts are adjusted for inflation.
In this lesson, students explore the advance estimate of real GDP data for the third quarter of 2014. These data, released by the Bureau of Economic Analysis, are presented first as estimates, then as revisions as more data for the time period is collected. This lesson uses data from the initial estimate of the 3Q 2014 activity. Students will understand the recent trends in real GDP, as well as gain insight into the range of GDP growth that is considered optimal. They will also analyze broader patterns of GDP growth to make more accurate judgments about the true state of the economy's health.
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This publication contains 12 lessons to help you integrate globalization concepts into your Social Studies, Economics, or Global Studies course.
4 out of 16 lessons from this publication relate to this EconEdLink lesson.
The study of international economic systems teaches about global production and competition, exchange rates, international finance, free trade vs. protectionism and economic development.
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Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
3 out of 40 lessons from this publication relate to this EconEdLink lesson.