Imports, Exports, and Exchange Rates

Free trade isn't getting something you want without paying for it. High schoolers take a short trip through economics with a video that discussess the ins, outs, and exchanges of international trade.

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CCSS: Adaptable
Instructional Ideas

  • Pair with a previous video in the series that discusses specialization
  • Create a role-play scenario in your classroom in which small groups negottiate trade agreements with other groups, and introduce different currency rates for older or advanced learners
Classroom Considerations

  • Briefly discusses the working conditions in other countries, with a promise to return to the topic in a future video
  • Incorporates a lot of math very quickly when mentioning exchange rates and trade agreements; consider pausing the video to further explain these concepts
  • 15th part of a 35-video series 
Pros

  • Clears up confusion around common terms used in political and economic news
  • Graphics and detailed explanations are both engaging and informative
Cons

  • None