Course: [TEA-T3] CIA4U Analysing Current Economic Issues by Mrs. S. Akram (2024-25 T3), Section: Lesson 4.1- Trade Theory and Agreement

Lesson 4.1- Trade Theory and Agreement
Lesson 4.1- Trade Theory and Agreement
Learning Goals: By the end of this lesson you will be able to
- Understand the objectives and influence of a variety of trade agreements and political/ economic organizations that focus on trade.
- Demonstrate an understanding of key aspects of trade theories (e.g., absolute advantage, national comparative advantage, new trade theory) and explain how they are reflected in international trading practices
- Short Quiz
- Comparative advantage example File
- PPT File
- Lesson Glossary
  •International trade
  
  •Globalization
  
  •absolute advantage
  
  •comparative advantage
  
  •Protectionism
  
  •Dumping
  
  •terms of trade
  
  •Tariff
- Read from book
  Canadian Trade Patterns page 386
  Major International Trade Agreements page 390
- Assessment AS Assignment
- Application questions Assignment
- Case study- group work Assignment
  Read the case "The Soft wood lumber dispute " page 395
  Discuss with your group
  Answer the questions at the end of the case.
- Lesson 29 Exit Card Questionnaire
  Students to complete this after you've finished all activities/tasks in today's lesson.