Student teams will work together both inside and outside the classroom to complete a “GooseChase” scavenger hunt. Students will demonstrate mastery of the basic principles of international trade.
In this lesson, students learn how currency values are set by suppy and demand and how changes in the value of currency affect international trade. Students then find the value of the Brazilian Real in 2000 and 2002, determine whether the currency has appreciated or depreciated, and predict the effects on imports and exports.
In this lesson, students will become familiar with the fundamental concepts of international trade and foreign exchange of currency. Students will participate in a simulation of international trade followed by reading a comic book and viewing a short video about globalization and trade.