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Unit  
8: The Open Economy
Title  
Open Economies - 1 Day
Objective  
Students will gain an understanding of the foreign exchange system.
Resources  

 

Notes on Chapter 18

Quiz on Chapter 18 (not available online)

PowerPoint on Foreign Exchange

Worksheet on Exchange Rates

Worksheet Review on Exchange Graphs

 

Activity  
Students will take notes from a PowerPoint lecture and participate in a discussion. Students will also be expected to post examples of scarcity from their personal life in the forum.
Evaluation  
  • Students notes will be periodically checked for completion.
  • Their participation in the discussion will be evaluated.
  • Student reading will be checked with chapter quizzes.
  • The worksheet will be turned in for a grade.
Bloom's  
Taxonomy  
Creating -- can the student create new product or point of view?
ex: assemble, construct, create, design, develop, formulate, write
Evaluating -- can the student justify a stand or decision?
ex: appraise, argue, defend, judge, select, support, value, evaluate
Analyzing -- can the student distinguish between the different parts?
ex: appraise, compare, contrast, criticize, differentiate, discriminate, distinguish, examine, experiment, question, test
>>>>Applying -- can the student use the information in a new way?
ex: choose, demonstrate, dramatize, employ, illustrate, interpret, operate, schedule, sketch, solve, use, write
Understanding -- can the student explain ideas or concepts?
ex:classify, describe, discuss, explain, identify, locate, recognize, report, select, translate, paraphrase
Remembering -- can the student recall or remember the information?
ex: define, duplicate, list, memorize, recall, repeat, reproduce state