About This Chapter
Below is a sample breakdown of the Inflows, Outflows and Restrictions chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.
|Day||Topics||Key Terms and Concepts Covered|
|Monday||Net exports, capital flows and trade balance||Total exports minus imports, money from overseas, positive and negative trade balance|
|Tuesday||Financial markets and goods markets||Trade of assets, trade of financial securities, bond and stock markets, liquidity, common daily transactions|
|Wednesday||Tariffs||Tax on imports, passed to consumer, discouraged sellers, purchasing power|
|Thursday||Quotas||Import limits, domestic protection, increased expense for consumers|
|Friday||Trade restrictions and foreign labor||Protectionist strategies, outsourcing, infant industries|
1. Net Exports, Capital Flows and Trade Balance
Learn what net exports and balance of trade are, how they are calculated, and what influences them. Explore what capital flows are in relation to net exports and trade balance and the importance of these monies in an economy.
2. Financial Markets & Goods Markets
Learn about two of the biggest markets in most economies; the financial and goods markets. Find out what financial markets are and the purpose they serve. Explore the stock market and bond market and see how they are different than the goods market.
3. Tariffs and Quotas: Effects on Imported Goods and Domestic Prices
Explore what tariffs and quotas are and what effect they can have on the supply of imported goods. Find out how these two economic tactics can influence the prices you pay for many of the everyday items you may purchase.
4. Trade Restrictions and Foreign Labor
Discover why trade restrictions are sometimes used to combat cheap foreign labor. Learn about outsourcing, job protection, and infant industry strategies.
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Other chapters within the Macroeconomics Syllabus Resource & Lesson Plans course
- Scarcity & Production Possibilities Curve Lesson Plans
- Comparative Advantage & Specialization Lesson Plans
- Demand, Supply and Market Equilibrium Lesson Plans
- Measuring the Economy Lesson Plans
- Economic Growth and Productivity Lesson Plans
- Inflation Measurement and Adjustment Lesson Plans
- Understanding Unemployment Lesson Plans
- Aggregate Demand and Supply Lesson Plans
- Macroeconomic Equilibrium Lesson Plans
- Inflation and Unemployment Lesson Plans
- Money, Banking and Financial Markets Lesson Plans
- Central Bank and the Money Supply Lesson Plans
- Fiscal and Monetary Policies Lesson Plans
- Foreign Exchange and the Balance of Payments Lesson Plans