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The Magic of Markets: How Trade Creates Wealth
Students participate in a trade simulation game. Using this experience, they discover and investigate the conditions that encourage or discourage trade among individuals. They discuss the importance of free trade to increase a country's...
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Lesson Plan on the U.S. Trade Deficit
Students examine the United States trade deficit. They examine different opinions about trade surpluses and deficits. They also identify the United States trading partners throughout the world and their concerns.
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Clothes from Grain: A Miracle or a Problem?
Students read fables about entrepreneurs who buy grain and turn it into clothing, or resell the grain and use the proceeds to import clothing. They use the fables to determine why people trade, and to analyze costs and benefits of trade...
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Trade in Atlantic Canada
Students explore Atlantic Canada's natural resources and investigate how these resources affect the lives of Atlantic Canadians. They identify trade and other economic linkages between Atlantic Canada and the national and global...
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Trade Mission Proposal
Students create an itinerary or a travel brochure for a trade mission group traveling from another country to Minnesota. They conduct research on resources, goods and services people might purchase, and develop the proposal or brochure.
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Economy Introduction: Jack and the Bank Stock
Third graders explore the functions of money. In this economics lesson, 3rd graders read Jack and the Beanstalk to discover the three main functions of money.
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Absolutely, Positively a Force in China
Students explore the concept of company expansion. In this company expansion lesson, students read an article about FedEx and how it was able to expand. Students discuss how FedEx was able to expand. Students discuss reasons a product...
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Market Simulation
Students explore the role of markets in Asian countries. They bring items from home to barter with to simulate markets. They discuss the advantages and problems of exchanging and how price is determined.
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Trade Gives Us Access to Things We Wouldn't Otherwise Have
Students work together in groups to research an item related to trade. They decide on an item that they use and determine where it comes from. They track the sources and consumers on a map.
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Economics: World Trade Patterns
Students examine world trade patterns and discover the role of commodities in trade. While explaining the benefits of trade, they create maps and flowcharts depicting the patterns of goods and people movement. Also, students write...
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Trading Around the World
Students role play as international traders from different continents. They negotiate prices and resolve trade barriers to better their understanding of free trade.
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World Trade: It's for Nebraska
Learners examine markets, international trade, and the role of government in international trade. After reviewing articles on the Governor of Nebraska's recent trade missions, they discuss in small groups their opinions of whether or...
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Trade Barriers
Students write an editorial piece which takes a position supporting or opposing the free trade policy during the 1790s. After identifying barriers to trade in the 1790s they analyze how their position on the free trade would fit into...
Council for Economic Education
Satisfaction Please! (Part 1)
The topic of consumerism seems easy to those who participate actively in the US economy, but pupils who are new to economics may see the idea as foreign. Help them understand their rights as consumers and what to expect when interacting...
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Alaska Trade
Students spend two days traveling throughout Alaska, trading as they go. They explore universal principles related to trade and commerce while studying about Alaska's geography and indigenous people. At the end of the instructional...
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Balance of Payments (BOP)
Learners work through ten transactions that will help them understand credits and debts on a global scale. They then discuss each transaction in terms of the global economy. An extension activity and discussion questions are included.
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International Trade
Students make an inquiry of concepts through the answering of a series of questions that cover governmental controls. The concepts of international trade are covered The exchange rates of trade are used and the elemeents appreciation and...
Federal Reserve Bank
Once Upon a Dime
The story of "Once Upon a Dime" starts like any other fairy tale, but it quickly becomes a story about the value of money and the economic system commonly used before it. Presented as a cartoon, the resource consists of dialogue between...
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Wampum
Students explore different ways of trading to get what they want. In this algebra lesson, students explore goods, money, services and exchange. They compare the use of money to the use of potlach.
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Where Do You Shop?
Students examine shopping patterns in another community to develop a hypothesis on why there are more opportunities for goods and services in some neighborhoods while others lack these goods and services.
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Understanding the Effects of Currency Exchangerates
Students examine the economic effects of a strong and weak U.S. dollar. They identify the currency used in countries which regularly trade with the U.S., discuss the pros and cons of a strong U.S. dollar, and calculate the prices in...
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Economic Reasoning: Why Are We A Nation Of Couch Potatoes?
Students examine the visual aids of this lesson to study the costs and benefits of decisions about diet and exercise. They investigate human choice as it affects behavior and in turns effects economics and consequences.
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America's Heartland
Students complete geography and trade activities about global trade. In this geography and trade lesson, students read information to learn about absolute advantage, comparative advantage, trade factors, U.S. trade partners, and...
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Tobacco Road
Students discuss the meaning of the word economy and and what colonists used to pay for goods when gold and silver were scarce discovering that the people used tobacco for trade. They then divide into groups of four and pretend that the...