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
- •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
Read the case "The Soft wood lumber dispute " page 395
Discuss with your group
Answer the questions at the end of the case.
Students to complete this after you've finished all activities/tasks in today's lesson.