| ACTIVITIES |
KEY LEARNING OBJECTIVES |
One:The World in My Classroom
- The students identify imports within their own
classroom and use a world map to find their sources.
They discover that businesses trade-import and export-in
a global economy.
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- Define import and export
- Distinguish between domestic and global trade
- Recognize evidence of global trade
|
Two:Trading Places
- The students discover through a puzzle-solving
activity that businesses often import and export goods
and services to meet the wants and needs of the people
in their countries.
|
- Examine various reasons businesses trade natural, human, and capital resources
- Identify supply and demand as reasons why people trade
|
Three:Dollar for Dollar
- The students discuss how countries trade, and
they are introduced to exchange rates. They engage in a
trading activity that illustrates some of the
complexities of global trade.
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- Identify the role of money in global trade
- Compute currency conversions
|
Four:Business Matters
- The students learn that different businesses
struggle with different issues when trading globally.
They engage in international marketing tasks required by
all business entering global markets.
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- Extract information from business case studies
- Assimilate components of an international marketing strategy
|
Five:Global Business Challenge
- The students present their international
marketing strategies. They explain their product, price,
promotion, and place decisions.
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- Demonstrate knowledge of international trade
|
CONCEPTS
business currency demand domestic trade economic incentives economic institutions economic systems exchange rates global economy global trade imports & exports interdependence markets & marketing productive resources supply trade & trade barriers |
SKILLS
abstract reasoning collecting evidence converting currencies critical listening distinguishing continents & countries drawing conclusions effective speaking inquiry map reading mathematical computation note-taking relating test information to prior knowledge situational analysis solving puzzles teamwork |