Unit 7 Review: International Trade & the Global Economy Only 3 review ...

[Pages:50]Unit 7 Review: International Trade & the Global Economy

Only 3 review sessions left!!!

? REVIEW PACKETS ARE LATE!!!!

? DID I CHECK YOURS OFF YESTERDAY?

? Today's Plan:

? Independent / Small group packet work:

? Unit 6/7: U.S. & World Economy

? Quiz / Kahoot: U.S. & World Economy

? Warm Up: TAKE PACKET OUT!

? What is the purpose of "protectionist" economic policies?

? What factors contribute to the balance of trade for a nation?

? Explain the theory of comparative advantage.

? What are some differences between developed and developing nations?

Independent Work Time - Packets

1. Use website, notes, and other resources to complete Unit 3 review packet

2. mrggcivics.; exam review

? Then move on to Unit 3

3. Kahoot Quiz on bill of rights & legal system to end class

Regarding Review Packets & Grades

1. PACKETS ARE LATE.... STUDY RESOURCES:

? The packets I gave with info filled in ? My website mrggcivics.

? Notes and materials for each unit ? "Exam prep" tab has materials (packets) and

jeopardy review games

Upcoming Schedule

? Tues 6/2? 3rd period B Day exam

? 7:30-9:30 ? 3rd period review (for us) ? 9:36-10:36 ? 1st period ? LUNCH with 4th period ? 2nd period: 1:00-2:30

? Wed 6/3: 2nd period Exams: 7:3011:30am

? Lunch with 3rd period ? 4th period review: 1:36-2:30

? Thurs 6/4: 4th period B day exam

? 7:30-9:30 ? 4th period review ? 9:36-10:36 ? 2nd period ? LUNCH with 1st period ? 3rd period: 1:00-2:30 (our FINAL REVIEW

SESSION!)

? Fri 6/5: CIVICS & ECONOMICS FINAL EXAM

? 7:30-11:30am

? Mon 6/8 ? 1st period B day Exams ? Tue 6/9 ? 4th period Final Exam

? Make Ups:

? Miss Friday, make it up Monday ? Miss Monday, make it up Tuesday, ? Etc.

? NO RETAKES ? No exemptions

? EXAM GUIDELINES

? No electronics ? either don't bring them or be ready to place them in zip locks with your phones OFF.

? You will be permitted to take an exam without proving to me that your phone is off and stowed.

? C&E Exam Format

? 120 minute testing period ? 41 multiple choice ? 2 Constructed Response (written)

questions

? Exam Content:

? About 50% Economics & 50% civics ? All testing is ONLINE, including written

section

Unit 7: Trade & Economic Interdependence: A Global Economy

Lesson 1: Rich & Poor: Developed & Developing Nations

ESSENTIAL QUESTIONS (WRITE DOWN!):

? WARM UP

? Why are some nations economically strong while others are more weak?

? Lesson Vocabulary:

? What other nations in the world would you consider living in? Why?

? developed nations ? layoffs

? developing nations ? worker rights

? export economy ? human rights

? service economy ? trade policy

? manufacturing

? sanctions/embargos

economy

? Unions

? currency exchange

? Right to work

rates

laws

? Group of Eight (G8)

? Closed shop

? outsourcing/offshori ? Open shop

ng

? What do you know about nations & the economies in Europe? Africa? Asia? Central & South America?

Lesson Skills:

? I can describe the basic differences between developed and developing nations

The World Economy

? Nations around the world are connected through economics

? Nations specialize in certain products and trade with each other ? Some nations have bigger economies than others

Per Capita Income

? Total Gross Domestic Product of a nation divided by its total population

? Average income for each person in that economy

Country

Per Capita Income

Qatar (first)

$143,437

United States (10th)

$53,042

China

$9,800

Poland

$21,100

France

$40,375

Mexico

$16,370

Democratic Republic of Congo (last)

$400

Global Wealth & Poverty

? Developed nations ? countries that are fairly well off economically, with strong economic growth and relatively high per-capita income

? Developing nations ? countries that have little power in the world economy, with low percapita income and low standards of living

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