Activity 01
Simulation Game: Country Trade Negotiation
Assign students roles as trade ministers from countries with different resources, like Australia (minerals), Japan (tech), and Brazil (coffee). They negotiate bilateral trades based on needs and advantages, record agreements, then calculate post-trade consumption gains. Debrief as a class on why trades succeeded.
Explain the fundamental reasons why countries trade with each other.
Facilitation TipDuring the Country Trade Negotiation simulation, give each group identical goods but different production costs to highlight comparative advantage without revealing it upfront.
What to look forPresent students with a list of 5-7 goods and services. Ask them to categorize each as typically an Australian export or import, and to briefly explain their reasoning for two items. For example: 'Australian wool (Export - Australia is a major wool producer)'.