Teacher:

Subject:

Grade:

AshleyPakenham

Economics

12th

Standard:
PO2.DescribetheeffectsofinternationaltradeontheUnitedStatesandothernations:
A. Howpeopleandnationsgainthroughtrade
B. Howthelawofcomparativeadvantageleadstospecializationandtrade
C. Howexchangeratesworkandhowtheyaffectinternationaltrade
D. Identifytheeffectsoftradeagreements
Objective (Explicit):

SWBATdemonstarteknowledgebydefiningimportingandexporting
SWBATdemonstateunderstandingbyanalyzingaspecificcountrythatexportstotheUnitedStates
SWBATevaluatethestatusofUnitedStatesTradebygatheringdataandstatistics
SWBATanalyzetradeagreementsbycreatingtheirownagreement

Evidence of Mastery (Measurable):

US Trade Statistics Worksheet

Export Country Worksheet
Trade Agreement Template
Exit Ticket [ Would You Trade? ]

Sub-objectives, SWBAT (knowledge, skill, purpose):

Look at trade status of the United States

Pick and research a country that exports with the United States
Create a trade agreement between that country and the United States
Explain if trading with that country would be a good decision for the United States based on their
knowledge of the benefits and disadvantages of trade
Key vocabulary:
Comparative Advantage | Free Market | Free Trade |
Tariff | Subsidy | Embargo | Protectionism | Exchange
Rates | Trade Agreements | Specialization

Materials:
Computers | Worksheets | Textbook

Engage : [ opening ]
Trade has and will always be a major part of human history. Countries trade to gain resources they may be
lacking, or to produce and trade their own surplus of resources. Trade is responsible for the modern world
we live in today, and is the heart of our global economy. Trade allows cultures to be shared and
communication between a plethora of countries. Look at the clothing on your body or the items you carry
around with you; they are a result of international trade. Without this international trade, where would we
be?
Teacher Will:

Students Will:

Readthestatementabove&brieflyreviewnotesfrom
thepreviouslecturewithstudents.

Lookovertheirnotesontradefromtheprevious
dayforfiveminutes.

Explore
Teacher Will:

Students Will:

Explainthatthestudentwillfirstindividuallyresearch
tradestatisticsintheUnitedStates.

IndividuallyresearchandcompletetheUSTrade
Statisticsworksheet.

Willassignagroupofstudentstoacountrythattrades
withtheUnitedStates.

Gettogetherwiththeirgroupandresearchtheir
assignedcountryandtheirrelationswiththeUS.

Explainthetwoworksheetsthestudentswillbe
completing.

Togethertheywilldiscussthesimilaritiesand
differencesbetweentheircountryandtheUS.

GivestudentstheUSTradeStatisticsandExport
Countryworksheettocomplete.

ThegroupwillcompletetheExportCountry
worksheet.

Co-Teaching Strategy
Bothteacherswillbewalkingaroundduringtheworkperiodhelpingstudentsifnecessary.
Differentiation Strategy
Studentswhodonotdemonstratefullcomprehensiononimportingandexportingwillreceiveextra
timetoworkonreviewingnotesalongsideteacherwhilethestudentsbegintheirwork.
StudentswillbeallowedtocompletetheUSTradeStatisticsworksheetingroupsifneeded
[donthaveaccesstointernet,etc.]
Explain
Teacher Will:
Haveanopendiscussionwiththestudentsaboutthe
similarities,differences,andobservationstheyfound
whileresearching.
Giveashortlectureonthetipsandtrickstoagood
tradeagreements.

Students Will:
Respondtothedifferentpromptspresentedinthe
opendiscussion.
Writenotesontheshortlecture.
Completethetradeagreementbetweentheir
countryandtheUnitedStateswiththeirgroup.

Explaintheprosandconsofsomeaspectsanddefine
embargos.
GivestudentstheTradeAgreementtemplate.
Co-Teaching Strategy
Whileoneteacherishavinganopendiscussion,theotherwillwalkaroundobservingthecompleted
worksheets.

Differentiation Strategy
Asneeded,studentwhoarenotablewillbegivenacompletedtradeagreementinwhichtheywill
analyze.Theywillwritetwoparagraphsabouttheprosandconsoftheagreement,andwhatthey
wouldchange.
Elaborate
Teacher Will:

Students Will:

Listentothestudentsgivetheirpresentationandgrade
thembasedoffofaperfomancerubric.

Giveabrief58minutepresentationontheirtrade
agreements.Theywillexplaintheprosoftheir
agreement,andwhytheychosetoincludesomeof
theaspects.Theywilldescribetheeffectsthis
tradeagreementwouldhaveonthetwocountries
andwhatbothnationswouldloseorgain.

Differentiation Strategy
Whenneeded,ifastudentisunabletogivethepresentationtheywillbeabletowriteathree
paragraphessayonalloftherequiredpresentationaspects.
Evaluate
Teacher Will:
DistributeanExitTickettothestudentsforthemto
complete.[ifunabletocompletetheycanbringitin
thenextdayasanAdmitSlip]
TheExitTicketwillaskstudentsWouldYou
Trade?

Students Will:
ThestudentswillindivduallycompletetheirExit
Ticket.
Basedontheirresearchontheircountry,andthe
benfitsanddisadvantagestheyfound,theywill
answerthequestion:WouldYouTrade?
TheywillputthemselvesintheUnitedStatesshoes
anddecidedifitwouldbeagooddecisiontomakea
tradeagreementwiththeirresearchedcountry.
Theywillexplainwhyorwhynot.