Honors Economics Unit 4 plans Feb. 28-March 8

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Posted by cliftonj | Posted in Hon. Gov/Econ | Posted on February 26, 2018

Wednesday Feb. 28

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 March 1

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

 

Friday March 2

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. Complete Trade Org. ppt.
  2. Practice EOC
  3. Inquiry Design Model Activity NewYork_12_Free_Trade for students-1npxdlj

 

Monday March 5

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. Quiz Trade Organizations
  2. Power Point notes on balance of payment and trade
  3. Define trade barriers
  4. Identify costs and benefits of trade barriers

 

Tuesday March 6

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. Trade Barrier PSA’s
  2. NE Quiz Ch. 10
  3. Evaluate arguments for and against free trade
  4. Power Point notes/videos on Exchange Rates

 

Wednesday March 7

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. Macro Milestone quiz
  2. Quiz Exchange Rates
  3. Unit 4 Problem Set

 

Thursday March 8

LG: Show understanding of International Economics Concepts.

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

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