Types of trade protection
As HL students you must also meet the following objectives:
You will be given a number of handouts to complete. You will need to practice drawing and explaining the graphs and also use them to make calculations.
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The benefits of trade
Click here because every country is the best at something! Absolute and comparative advantage
Usually we would do this topic at the end of Section 3.1 but this is a topic you can easily do without me... so please complete the following tasks. If you have headphones then you could watch the video above as you work - otherwise watch it at home. Use this document and page 265-266 of textbook to summarize the objectives and functions of the World Trade Organisation (WTO).
The following document contains competing views of the WTO but they are all mixed up - use annotation or highlighting to distinguish the positive views of the WTO from the criticisms made against the WTO.
Use the internet, and in particular ‘The WTO in Brief’ section of the WTO website (www.wto.org), to do the following tasks.
We will play a simulation game to introduce the reason why nations trade. We will investigate this further next Monday. I am away for the next class and so you will be doing some work on the World Trade Organisation. But in the meantime..... here is some bedtime reading...
The relationship between equity and efficiency
Most of these objectives are covered in the booklet you started in the last class.... continue! As HL students you need to be able to calculate marginal and average tax rates and you will be given a copy of the following handout to work on...
Is inequality growing?
In a magical land inhabited by long lashed, multi-colored Alpacas who love lollipops, rainbows and friendship, there's a yawning divide in wealth distribution ... what's behind the inequality gap? Click here to find out.
Indicators of income equality/inequality
"9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact"!!.... watch the video here. Here are some other interesting statistics on inequality in America and here too.
Here is a video on inequality in the UK. |
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