Summary: Today we will start our study of international trade. Our goal in this unit is to build on what we have learned about economic growth and development and learn how they are related to international trade.
Inquiry Question: Why do countries trade?
REQUIRED: Watch, take notes, and do the practice questions for these videos.
Tariff and Trade History (4:19)
The Shipping Container (4:25)
The Corn Law Debates (6:36)
Effective Rate of Protection (3:22)
Optimal Tariffs (7:15)
OPTIONAL: Watch the first 7 chapters of this documentary (Commanding Heights Episode 3).
Chapter 1: Prologue (0:00:00)
Chapter 2: Global Idea (0:06:15)
Chapter 3: NAFTA : The First Test (0:10:06)
Chapter 4: Crossing Borders (0:15:49)
Chapter 5: The Global Market (0:19:02)
Chapter 6: Emerging Market Hunters (0:22:50)
Chapter 7: Averting a Meltdown: 1994 (0:27:50)
Formative assessment. (20 minutes)
Read this article. (20 minutes).
Research its merits. Do you agree with the author? In preparing please find one study/article to support your ideas. Link the paper you found and summarize it here. (20 minutes)
Debate its merits in a formative Socratic Discussion using the information you learned in the videos. (10 minutes)
WORK DUE NEXT CLASS
REQUIRED: Watch, take notes, and do the practice questions for these videos.
The Political Economy of Tariffs (7:44)
International Trade and the Welfare Costs of Tariffs (12:33)
The Smoot-Hawley Tariff (4:17)
Tariffs vs. Quotas (14:17)
World Trade Organization (6:47)
The Green Revolution (3:54)
OPTIONAL: Listen to this podcast. (Have the benefits of globalization for developed countries such as the United States outweighed its costs?)
Be prepared for a formative assessment.