Part of Course: Agricultural Business Model
Unit Overview / Details
This unit covers lesson about agricultural markets and how their trade affects the economy.
- 20 Hours
Content / Concepts
- how imports and exports affect state and national economies
- how governmental, economic and cultural factors affect international trade
- US trade policies
- Biotechnology's affect on economies
- cultural values
- negotiations and bargaining agreements
- marketing strategies in other parts of the world
Lessons in this Unit
This lesson details the reasons why nations engage in agricultural trade, the definitions of trade vocabulary and the statistics of agricultural trade in the United States.
The preceding lesson described what trade is and how it works. This lesson enables students to understand how we trade with other nations and gives them the opportunity to analyze the benefits and challenges of global trade in multiple commodities and evaluate the "fairness" of trade.
- Class Periods
- 3 - 4 Class Periods
Cultures vary across the world and are of the utmost consideration when businesses trade across countries. This lesson gives students the chance to experience the challenges associated with trading overseas and being culturally sensitive.
- 2 - 3 Days
This lesson examines how and why trade disputes occur and places students in the position to write an informed memorandum that will encourage the resolution of a trade agreement using the resources and information gained thus far in the unit.
This lesson engages students in pricing commodities and affects of trades on relations with other countries. Students will set pricing, negotiate trade agreements and examine how trade relations are affected by trade with other countries.
- Lesson Activity
- 60 Minutes