Teacher Notes


Grade Level/unit
Grade 12 economics - International Trade Unit 6
Purpose
This lesson will help students understand the concepts of marketing, comparative advantage and the uses of monetary policy to affect markets.
Length
About five class periods are needed to complete the lesson as written. However, this lesson can be expanded or shortened depending on the time available by making more or less of the work done outside of class.

H/SS Content Standard

H/SS Analysis Skills

Possible Interdisciplinary Connections
This lesson is not highly interdisciplinary since most high school economics classes are taught as single discipline classes rather than as part of an interdisciplinary course of study. However, if student develop ads for their products or write copy, art and language arts might be addressed. If students analyze graphs and charts with supply curves as part of their research or if they consult trade statistics, mathematics might also be addressed.
Adaptations for Special Needs
Students of languages other than English might pursue this project by consulting catalogs or newspapers and doing interviews of recent immigrants from targeted trading partners instead of doing the more traditional research of markets.Advanced students might compare the products advocated by their classmates against real trade statistics to determine the viability of their classroom trade decisions. They might also come up with other methods to stimulate the sale of U.S. products overseas.
Background information
It will be helpful if the teacher has researched the manner in which trade statistics are gathered and recorded. It is important to realize that services are not counted as part of the trade statistics. Since a great many American exports are derived from services such as programming software, making films, etc. this can have a tremendous influence on balance of trade statistics so that the U.S. appears to be in more of a trade deficit than it really is.

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