Activity 01
Simulation Game: Trade Shock Ripple
Assign small groups country roles with trade cards showing specialized goods. Introduce a shock, such as a commodity price crash, and have groups exchange cards while tracking impacts on GDP and employment. Conclude with a whole-class chart of propagation paths.
How does specialization make a national economy more vulnerable to global shocks?
Facilitation TipDuring the Trade Shock Ripple simulation, assign each group a role card and a limited number of impact tokens to keep the chain visible and manageable.
What to look forPose the question: 'Imagine a major trading partner for Australia suddenly imposes high tariffs on all imported goods. What are three specific economic impacts this could have on Australian households and businesses?' Facilitate a class discussion, guiding students to trace the ripple effects.