Monday, April 18, 2011

Understanding International Trade and Comparative Advantage

OBJECTIVES 

Students shall be able to

1. Explain the principle of trade according to comparative advantages.

2. Explain how exchange rates are determined and the factors that affect them.

3. Compare the costs and benefits of international trade.
    

ACTIVITIES

1. Discussion of FRQ

2. Currency Exchange and the Gang of 15.

Assignments:

1. Complete "Currency Exchange and the Gang of 15."

 

ASSESSMENT PROCEDURES

Monitor and adjust to check understanding. Grade assignment.