Standard 3: Understand the fundamental concepts and interrelationships of the United States economy in the international marketplace.

General Information
Number: SS.912.E.3
Title: Understand the fundamental concepts and interrelationships of the United States economy in the international marketplace.
Type: Standard
Subject: Social Studies
Grade: 912
Strand: Economics

Related Benchmarks

This cluster includes the following benchmarks.

Related Access Points

This cluster includes the following access points.

Access Points

Describe the impact of inflation on world economies.
Identify economic advantages a country may have when trading with another country.
Describe why countries establish barriers to trade and the effects.
Compare the positive and negative economic impacts on different countries.
Identify differences in the economies of the United States and another country.
Differentiate how people and countries make economic decisions about the use of scarce resources in the most efficient way.

Related Resources

Vetted resources educators can use to teach the concepts and skills in this topic.

Lesson Plans

Fundamental Concepts and Interrelationships of the United States Economy in the International Marketplace:

In this lesson plan, students will debate questions concerning the effects of U.S. trade policy, embargoes, economic sanctions, (positive/negative[pros/cons]) on other nations. Students will evaluate the impact of U.S. foreign policy through the lens of contemporary issues in world affairs and draw informed conclusions on these actions. Students will select and read artifacts from the Library of Congress and apply economic principles to analyze and interpret interrelationships of the United States economy in the international marketplace. Students will deliberate, debate, and defend conclusions drawn from their findings.

Type: Lesson Plan

Evaluate How The U.S. Uses Foreign Policy to Influence Other Nations.:

In this lesson plan, students will analyze U.S. trade agreements with other nations. Teacher or student groups will select an artifact from the recommended attached resource list to read for information regarding trade and policy. They will create a poster or digital flyer on the advantages and disadvantages of U.S. trade agreements based on the information gathered. 

Type: Lesson Plan

How the United States uses foreign policy to influence other nations.:

Students will examine U.S. trade policies/agreements with other nations including: international trade, free trade, and trade barriers [e.g. WTO, EU, NAFTA, ASEAN]. They will form small groups and select 3 countries [e.g. Canada, Cuba, Iran, Syria, China, North Korea, Saudi Arabia, Russia], and 3 government systems [autocracy, democracy, monarchy, oligarchy republic, theocracy] to investigate/review for U.S. trade policies, trade agreements, and/or embargos. Using artifact resources, search for patterns (similarities/differences; advantages/disadvantages) and form inferences about how the U.S. influences other nations.

Type: Lesson Plan

U.S. Foreign Trade Policy:

In this lesson plan, students will read and examine brief case studies about various U.S. policies related to international trade. They will analyze these cases and identify how the U.S. responded to international conflict and make predictions about future decisions.

Type: Lesson Plan

Globalization and Trade Activity:

An interactive student led trade activity. Students will need to problem solve, negotiate and compromise to be successful. World event cards will implement sanctions, embargoes and establishing free trade zones students will need to navigate through. This group activity followed by class discussion will keep students engaged while learning how embargoes and sanctions affect other nations and why nations sometimes establish free trade zones.

Type: Lesson Plan

International Trade Barriers:

In this lesson plan, students will be introduced to international trade, barriers to trade, free trade zones, U.S. Government agencies and policy related to international trade.

Type: Lesson Plan

Comparing Democratization and Economic Policies:

In this lesson, students will compare the United States and other countries in terms of democratization, economic freedom, free and fair elections, human rights, and rule of law.

Type: Lesson Plan

Student Resources

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Parent Resources

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