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Focus on Economic Data: United States International Trade in Goods and Services - October 2001
Source: Council for Economic Education (EconEdLink) | Type: Lesson

The purpose of the international trade lesson is to provide the most recent data on international trade, interpretations of trends and causes of changes in trade deficits and surpluses, and a number of relevant student and classroom activities.

Grades:

• 9-12

Concepts:

• Exchange Rate
• Exports
• Imports

Standards:

• Economics 1: Scarcity
• Economics 5: Gain from Trade
• Economics 6: Specialization and Trade
• Economics 9: Role of Competition
• Economics 18: Macroeconomy-Income/Employment, Prices
• Economics 19: Unemployment and Inflation

Related Resources:

• Principles of Economics
• Focus on Economic Data: United States International Trade in Goods and Services - May 2001
• Focus on Economic Data: United States International Trade in Goods and Services - December 23, 2003

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