Trade, Globalization, and Development: Social Studies Unit 4, Grade 12 (Letters & Devotion)

Description

Trade, Globalization, and Development is Unit 4 of Economics: Scarcity, Markets, and Decisions (Grade 12), the Letters & Devotion Social Studies course, complete in one printable PDF: 10 lessons, the unit check-up and the answer key, 88 pages.

• Opportunity cost as the basis for comparative advantage in a two-country, two-good numeric model
• The distinction between absolute advantage and comparative advantage as the basis for mutually beneficial trade
• Terms of trade as bounded by each country’s domestic opportunity costs
• The tariff wedge on a domestic supply-and-demand diagram and its distribution across consumers, producers, and government
• Tariffs, quotas, and trade agreements as distinct trade-policy tools
• The domestic distribution of gains and losses from a real trade or development event
• The distinction between empirical claims and values trade-offs in trade and development policy argument
• Global public goods and cross-border externalities as market failure at the international scale
• A structured argumentative position on a contested trade/development policy question, evidenced and separated by claim type
• Comparative advantage and macro-aggregate reasoning applied jointly to unseen data

Every lesson is written for a parent with no teaching background: it opens with a short script to read aloud, names the specific wrong idea a student is likely to reach for and how to correct it, and closes with a practice sheet you may copy for your household. Scripture references are King James Version throughout. Black-and-white, 8.5 x 11 in. The whole year of this course is also in this store as a single book.

AI note: The written content of this resource was drafted with AI tools, then reviewed and edited by the author.