Mr. Ditzenberger-Economics
Lessons: International Trade and Economic Development and Transition Time: Week 18, May 19th-23rd Unit: The Global Economy
Objectives:
1. Students will analyze the importance of imports and exports to the US economy.
2. Students will explain the concepts of absolute and comparative advantage.
3. Students will describe the effects of trade on employment.
4. Students will compare the effects of free trade and trade barriers on economic activities.
5. Students will analyze how political factors and debt are obstacles to development.
Monday
a. Vesak Day
Tuesday
1. Continue Chapter 17, Section 1, Why Nations Trade. Lecture.
2. Chapter 17, Section 2-Trade Barriers and Agreements
3. Homework-Chapter 17, Section 3, Measuring Trade. Complete 2, 3, 4, and #7 on page 464. Prepare to give your presentation in class tomorrow.
Wednesday
1. Presentation from #7 on page 464.
2. Read and answer questions from each section.
a. What is the difference between a developed and a less developed country?
b. What are three criteria used to measure a country’s level of development?
c. What is the difference between Per capita GDP and GDP? Also, as a tool for measuring development, how is Per capita GDP useful and how is it limited?
d. How are energy consumption and the labor force used to determine a country’s development?
e. In your opinion, is a country’s literacy rate, life expectancy, and infant mortality rate good determining factors of a country’s development?
f. Compare your country’s infrastructure to an less developed country’s infrastructure that you have been to? What differences did you notice?
g. What are the four Asian tigers? Why do you think they have developed quickly whereas other countries in their region have not? Make a list of at least three factors that they share in common.
h. Homework-read Chapter 18, Section 2, Issues in Development. Answer questions six and nine.
Thursday.
1. Chapter 18, Section 3. Financing Development.
Friday.
1. Read and discuss Transitions to Free Enterprise. Chapter 18, Section 4. Complete 1-9 of section 4.
Lessons: International Trade and Economic Development and Transition Time: Week 18, May 19th-23rd Unit: The Global Economy
Objectives:
1. Students will analyze the importance of imports and exports to the US economy.
2. Students will explain the concepts of absolute and comparative advantage.
3. Students will describe the effects of trade on employment.
4. Students will compare the effects of free trade and trade barriers on economic activities.
5. Students will analyze how political factors and debt are obstacles to development.
Monday
a. Vesak Day
Tuesday
1. Continue Chapter 17, Section 1, Why Nations Trade. Lecture.
2. Chapter 17, Section 2-Trade Barriers and Agreements
3. Homework-Chapter 17, Section 3, Measuring Trade. Complete 2, 3, 4, and #7 on page 464. Prepare to give your presentation in class tomorrow.
Wednesday
1. Presentation from #7 on page 464.
2. Read and answer questions from each section.
a. What is the difference between a developed and a less developed country?
b. What are three criteria used to measure a country’s level of development?
c. What is the difference between Per capita GDP and GDP? Also, as a tool for measuring development, how is Per capita GDP useful and how is it limited?
d. How are energy consumption and the labor force used to determine a country’s development?
e. In your opinion, is a country’s literacy rate, life expectancy, and infant mortality rate good determining factors of a country’s development?
f. Compare your country’s infrastructure to an less developed country’s infrastructure that you have been to? What differences did you notice?
g. What are the four Asian tigers? Why do you think they have developed quickly whereas other countries in their region have not? Make a list of at least three factors that they share in common.
h. Homework-read Chapter 18, Section 2, Issues in Development. Answer questions six and nine.
Thursday.
1. Chapter 18, Section 3. Financing Development.
Friday.
1. Read and discuss Transitions to Free Enterprise. Chapter 18, Section 4. Complete 1-9 of section 4.
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