School: Ruskin High School
Class: Business Economics
Instructor: Katy Bergeron
Client: City Market Vendors
Problem: What can we learn about global economic connections by exploring the currencies, products, and trade practices of countries represented in our local marketplace?
Summary
During our international economies unit in business economics, students identified eight countries represented at the city market in Kansas City. Students created posters with frequently asked questions, the currency of each country, exchange rates to the US dollar, and the most popular product produced in each country. On March 20th the students presented their findings and posters to the various vendors.
Takeaways
In the future I want to give the students choices in what material to produce that explains the country and its economy. Also, the infographics became repetitive because we did eight different countries. Finding different ways to represent the countries would be more engaging for all students.
Advice
Go slow and allow your students to be creative. Do not give them specific parameters on how to create materials other than how many ideas to present.
Standards
- Explain how currency exchange rates affect international trade.MA3, 1.6
- Describe how imports/exports affect the balance of trade.CA3, 1.613.
- Identify the impact of the political structure on economic systems.SS4, 1.614.
- Compare and contrast economic systems (e.g., traditional, market, command, mixed) based on criteria such as freedom, efficiency, equity, security, employment, stability, and growth.SS4, 1.615.
- Describe how economic activity in one nation affects the rest of the world, and vice versa.SS4, 1.6, 4.116.
- Describe the role of businesses and individuals in the circular flow.MA3, 1.6, 4.117.
- Describe the role of government in the circular flow (e.g., taxation, services, national debt).MA3, 1.6, 4.118.
- Explain how taxation, spending, and financial assistance affect business firms and individuals in an economy.MA3, 1.6, 4.119.
- Evaluate the impact of employment/unemployment on exchange.MA3, 1.620.
- Describe the economic impact of information technologies.MA3, 1.6D. Savings1.
- Define credit.4.12.Evaluate the costs and benefits of credit.CA3, 1.63.
- Explain the role of banks in the accumulation of financial resources.SS6, 4.14.
- Predict how inflation/deflation will affect businesses and individuals.MA3, 1.65.Investment1.
- Define the role of profit-making and not-for-profit companies in the United States economy.CA1, 1.62.