Policies and Trade Activity

Policies and Trade Activity
Policies and Trade Activity
Policies and Trade Activity
Policies and Trade Activity
Policies and Trade Activity
Policies and Trade Activity
Policies and Trade Activity
Policies and Trade Activity
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10 MB|10 pages
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Product Description

Do you need a fantastic activity that provides your students with an opportunity to critically think about how the use of fiscal and monetary policy affects trade? This activity is EXACTLY what you need!

This activity includes:

1) This "Policies and Trade" Activity has 6 parts. First, your students will be asked to use two separate scenarios to explain how expansionary and contractionary fiscal policy effects a nation's current account. Students will graph the impact of each policy on the foreign exchange market and then indicate how the change they identified will impact Real GDP, income levels, export prices, the value of currency, and the current account balance. Then students will graph the impact of each policy on the loanable funds market and then indicate how the change they identified will impact loan demand, real interest rates, the purchase of domestic assets, capital flow, and the capital account balance. Next, students are asked to use two separate scenarios to explain how expansionary and contractionary monetary policy effects a nation's current account. Students will graph the impact of each policy on the foreign exchange market and then indicate how the change they identified will impact Real GDP, income levels, export prices, the value of currency, and the current account balance. Then students will graph the impact of each policy on the loanable funds market and then indicate how the change they identified will impact bank reserves, real interest rates, the purchase of domestic assets, capital flow, and the capital account balance. Next, students will be provided a set of 8 trade goals for an aggregate economy and will have to identify the correct combination of fiscal and monetary policies that should be used to achieve each goal. Lastly, the activity concludes with a short-answer free response question. This FRQ is written in a format similar to the CollegeBoard, and will ask students to critically think about what they've learned.

This activity can be used in many different ways in the classroom. Students can work independently, in pairs or this activity can be used as a jigsaw in order to facilitate a class wide discussion about the topics discussed in the activity.

2) A detailed answer key to the lesson activity to save you time and help guide student comprehension.

This activity can also be found in a bundle paired with a PowerPoint, Keynote and PDF version of a fully customizable lecture found here:

Policies and Trade Bundle

If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.

The Open Global Economy Unit Activity Bundle

Best of all, this activity aligns to our "Unit 5.4 - Policies and Trade" video lecture, which can be found here:

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Flip your classroom and the way your students learn economics TODAY!

Total Pages
10 pages
Answer Key
Included
Teaching Duration
1 hour
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$4.00
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