Getting food from farms to markets is dependent on many forms of transportation, and involves careers related to logistics, infrastructure, commodity trading, and engineering. Students learn about the variety of careers and the challenges of moving soybeans from Ohio to international destinations. This unit features 4 lessons and 7 files. Lessons are aligned to NGSS.

Trade in agricultural products is big business. In Ohio nearly 50% of soybeans are exported. In this unt, students learn about the customers for Ohio’s ag products and how these goods are traded. This unit features 3 lessons and 4 files. Lessons are aligned to NGSS.

An interactive simulation and role-playing activity based on a fast-paced game that challenges the player to buy low and sell high. The simulation is a trading model that matches the player with computerized traders from around the world.

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.

By the end of this section you will be able to:

Explain how exchange rate shifting influences aggregate demand and supply
Explain how shifting exchange rates also can influence loans and banks

By the end of this section, you will be able to:

Asses the complexity of international trade
Discuss why a market-oriented economy is so affected by international trade
Explain disruptive market change

By the end of this section, you will be able to:

Identify at least two advantages of intra-industry trading
Explain the relationship between economies of scale and intra-industry trade

Ricardian Explorer, implemented on the internet, simulates a Ricardian trade model with linear production technology and a CES utility function. The typical simulation has two countries and two goods. While Ricardian explorer was developed to supplement a course in international trade, it can also be used in intermediate microeconomics and microeconomic principles courses. The authors of the simulation are Alberto Isgut and Tanya Rosenblat of Wesleyan University.

A thorough look at the current state of the economy of Singapore from the U.S. State Dept. Background Notes. There is much data about the growth of the economy and international investment.

This case is the transcript of the 1962 Congressional Testimony of BC Deuschle, President of the Scissors, Shears and Manicure Implement Manufacturers' Association, with regard to the Trade Expansion Act of 1962. Deuschle opposes the act, fearing that reduced protection will destroy his industry. The case includes all of the classic economic and political motives for protection.

A televised analysis of the globalization of modern business from following the making and selling of a t-shirt is presented by Pietra Rivoli, a business professor from Georgetown. [50:11]

This site is an excellent lesson in which students explore the economic interdependence shared between the United States and Chile. Students will learn about the products imported from Chile and determine the reasons for trade between the two countries when they visit this site.