 |
 |
Class Activity of
the Month
Lesson
Plan
Globalization: Threat or Opportunity for the U.S. Economy? |
|
|
| Overview |
| This lesson introduces students
to the pros and cons of globalization by highlighting
the economic concepts of comparative advantage, specialization,
and opportunity cost. Additionally, students will actively
read and discuss the FRBSF Economic Letter: Globalization:
Threat or Opportunity for the U.S. Economy? |
| |
| Economic Concepts Covered in
the Lesson Plan: |
- Comparative advantage
- Opportunity cost
- Productivity
- Globalization
- Outsourcing
- Offshoring
|
| Student Objectives: |
Students will:
|
- Analyze opportunity costs to determine a comparative
advantage.
- Examine how specialization can lead to greater productivity.
- Explore the effects of globalization on the U.S.
economy.
|
| Time: |
|
| Materials Needed: |
|
|
| |
| |
|
 |
|
