Honors Econ. Unit 4 Plans Weeks of Nov. 15-17 and Nov. 27-30.

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Posted by cliftonj | Posted in AP Human, Hon. Gov/Econ | Posted on November 14, 2017

Begin preparation for EOC on Dec. 6&7  by logging in to USATest Prep and Joining your class. Assignments are required, and they will count as grades.

https://www.usatestprep.com/member-login?logout=1

Milestones_StudyGuide_Economics_11-16-ymxtob

**Assignments on USA Test Prep due by Dec. 4, do on your own time!**

 

Wednesday Nov.15

LG: To explain the reasons for international trade, define and give examples of imports and exports, explain the significance of specialization in international trade, define absolute advantage and comparative advantage, identify countries with absolute advantage and comparative from a data set, explain the effects of absolute and comparative advantage on international trade, read and interpret scenarios, tables, and graphs related to absolute and comparative advantage, and give the significance of balance of trade and balance of payment data as economic indicators.

  1. Intro to International Trade Power Point and Videos/Notes
  2. PPT/Activity absolute advantage and comparative advantage

 

Thursday Nov. 16

LG: To explain the reasons for international trade, define and give examples of imports and exports, explain the significance of specialization in international trade, define absolute advantage and comparative advantage, identify countries with absolute advantage and comparative from a data set, explain the effects of absolute and comparative advantage on international trade, read and interpret scenarios, tables, and graphs related to absolute and comparative advantage, and give the significance of balance of trade and balance of payment data as economic indicators.

  1. Power Point notes/videos on Trade Organizations
  2. Activity- Absolute vs. Comparative Advantage or Balance of Trade vs. Balance of Payments

 

Friday Nov. 17  D Lunch today!

LG: To explain the reasons for international trade, define and give examples of imports and exports, explain the significance of specialization in international trade, define absolute advantage and comparative advantage, identify countries with absolute advantage and comparative from a data set, explain the effects of absolute and comparative advantage on international trade, read and interpret scenarios, tables, and graphs related to absolute and comparative advantage, and give the significance of balance of trade and balance of payment data as economic indicators.

 

  1. Practice EOC
  2. Inquiry Design Model Activity NewYork_12_Free_Trade for students-2nqv709

 

Monday Nov. 27

LG: To explain the reasons for international trade, define and give examples of imports and exports, explain the significance of specialization in international trade, define absolute advantage and comparative advantage, identify countries with absolute advantage and comparative from a data set, explain the effects of absolute and comparative advantage on international trade, read and interpret scenarios, tables, and graphs related to absolute and comparative advantage, and give the significance of balance of trade and balance of payment data as economic indicators.

  1. NE Quiz Ch. 10
  2. Power Point notes/videos on Trade Organizations
  3. Power Point notes on balance of payment and trade
  4. Define trade barriers
  5. Identify costs and benefits of trade barriers

 

Tuesday Nov. 28

LG: Explain the effects of tariffs, quotas, embargoes, and subsidies on international trade, give reasons why nations impose trade barriers and restrictions on trade, cite examples of modern-day trade barriers and restrictions, explain the short and long-term advantages and disadvantages of erecting trade barriers and restrictions, read and interpret scenarios, tables, and graphs related to trade barriers and restrictions, explain the reasons why nations create trading blocs such as the EU and NAFTA, and give general arguments for and against free trade.

  1. Quiz Absolute and Comparative Advantage
  2. Evaluate arguments for and against free trade
  3. Power Point notes/videos on Exchange Rates

 

Wednesday Nov. 29

LG: Explain the effects of tariffs, quotas, embargoes, and subsidies on international trade, give reasons why nations impose trade barriers and restrictions on trade, cite examples of modern-day trade barriers and restrictions, explain the short and long-term advantages and disadvantages of erecting trade barriers and restrictions, read and interpret scenarios, tables, and graphs related to trade barriers and restrictions, explain the reasons why nations create trading blocs such as the EU and NAFTA, and give general arguments for and against free trade.

 

  1. Quiz Exchange Rates
  2. Unit 4 Problem Set

 

Thursday Nov. 30

LG: Show understanding of International Economics Concepts.

  1. Turn in Unit 4 Problem set
  2. Unit 4 Assessment

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