Grades 6-8, 9-12
Students will be able to:
- Understand the advantages of trade and why countries participate in it.
- Analyze the concept of comparative advantage to better understand the benefits of trade.
- Apply their understanding of trade in an interactive market trading game that illustrates how voluntary trade benefits both parties.
- An expired or no value gift card per student
In this economics video, students will learn about the benefits of trade using comparative advantage and play a Kahoot! game.
Key Concepts: Benefits of Trade, Comparative Advantage, Trade, Exchange and Interdependence
In this economics lesson, students will analyze data to learn if jobs have increased or decreased since NAFTA was implemented.
Key Concepts: Barriers to Trade, Benefits of Trade
In this economics lesson, students will explore how nations trade by importing and exporting goods and services.
Key Concepts: Benefits of Trade, Comparative Advantage
In this economics lesson, students will compute exchange rates to learn their impact on international trade.
Key Concepts: Markets and Prices, Trade, Exchange and Interdependence