Arguments for and Against Trade
Students will analyze the economic arguments for free trade and the various justifications for trade protectionism.
Key Questions
- Evaluate the economic benefits of free trade for consumers and producers.
- Analyze the arguments for trade protectionism, such as infant industries or national security.
- Compare the impact of tariffs and quotas on domestic industries and consumers.
Ontario Curriculum Expectations
Suggested Methodologies
Ready to teach this topic?
Generate a complete, classroom-ready active learning mission in seconds.
More in Measuring the Economy: Macroeconomic Indicators
Tools of Monetary Policy
Students will examine how the central bank uses open market operations, the discount rate, and reserve requirements to influence the money supply.
2 methodologies
Expansionary and Contractionary Monetary Policy
Students will analyze how the central bank uses monetary policy to combat recessions and inflation by adjusting interest rates and the money supply.
2 methodologies
Market Failures: Externalities
Students will define externalities (positive and negative) and analyze how they lead to inefficient market outcomes.
2 methodologies
Government Solutions to Externalities
Students will explore various government interventions, such as taxes, subsidies, and regulations, to address externalities.
2 methodologies
Public Goods and the Free-Rider Problem
Students will define public goods, understand their characteristics, and analyze the free-rider problem and its implications.
2 methodologies