Monday, April 18, 2011
Understanding International Trade and Comparative Advantage
OBJECTIVES
Students shall be able to
Explain the principle of trade according to comparative advantages.
Explain how exchange rates are determined and the factors that affect them.
Compare the costs and benefits of international trade.
ACTIVITIES
Discussion of FRQ
Currency Exchange and the Gang of 15.
Assignments:
Complete "Currency Exchange and the Gang of 15."
ASSESSMENT PROCEDURES
Monitor and adjust to check understanding. Grade assignment.