Trade Lesson 1 Activities
Trade Lesson 1 Module Hook

Time: 10 minutes
Skills: n/a
Objective 1
Related Resources: G
- Global Economies – Global Exchange: Free Trade and Protectionism (2007, August 22). Retrieved from: http://www.youtube.com/watch?v=xRJZWfqWcs0
Show the five minutes of the Youtube video to introduce students the concept of international trade.  

Ask students to think about the clip in a critical fashion. Who benefits from trade and why and who does not benefit and why?

Trade Lesson 1 PowerPoint Presentation

Time: 40 minutes
Skills: n/a
Objective 1
Related Resources:
- Global Trade Lesson 1.pptx
- Krugman, P.R., and Obstfeld, M. (2008). Introduction. In International Economics: Theory & Policy, 8th Edition, Pearson-Addison-Wesley. (pp 1-11). Boston: Pearson .
- Krugman, P.R., and Obstfeld, M. (2008). World Trade: An Overview. In International Economics: Theory & Policy, 8th Edition, Pearson-Addison-Wesley. (pp 12-26). Boston: Pearson.
 
Present the PowerPoint presentation. Questions are embedded in the slides. Use the glossary to define any unknown terms

The professor can supplement the presentation by looking for online data for the latest figures of global trade.

Trade Lesson 1 Measuring Trade in China

Time: 15 minutes
Skills: Holistic Thinking and Technology Skills
Objective 1
Related Resources:
Global Trade Lesson 1.pptx
- Krugman, P.R., and Obstfeld, M. (2008). Introduction. In International Economics: Theory & Policy, 8th Edition, Pearson-Addison-Wesley. (pp 1-11). Boston: Pearson.
- Krugman, P.R., and Obstfeld, M. (2008). World Trade: An Overview. In International Economics: Theory & Policy, 8th Edition, Pearson-Addison-Wesley. (pp 12-26). Boston: Pearson.

Students collect the time series data on exports and imports of China.  Plot them in Excel and answer to the following questions.

  • What does the Chinese trade pattern exhibit?
  • How is the Chinese trade balance (exports – imports) different from the American one?
Trade Lesson 1 Ethical Issue Activity on Wal-Mart

Time: 20 minutes
Skills: Holistic Thinking 
Objective 1
Related Resources:
- Wal-Mart opens stores in China’s hinterlands. (2008, October 19). MSNBC. Retrieved from: http://www.msnbc.msn.com/id/27241451/ns/business-consumer_news/t/wal-mart-opens-stores-chinas-hinterlands/

Students read the article on Wal-Mart and discuss the ethical implications of Wal-Mart’s expansion to China.

  • Why is Wal-Mart and Carrefour opening stores in China?
  • Who benefits from Wal-Mart’s stores in China?
  • Who does not benefit from Wal-Mart’s stores in China?
  • How is Chinese culture impacted through the Wal-Mart (or Carrefour)?

Would your perspective be different if lived in China?

Trade Lesson 1 Review

Time: 5 minutes
Skills: Holistic Thinking
Objective 1
Related Resources: n/a

Ask the students to each list one reason why international trade is important and how it affects their lives.