Unit Overview
This unit examines how countries interact through trade and financial markets, and how global forces influence economic growth and development.
Learning Objectives
- Explain comparative advantage and gains from trade.
- Analyze the impact of trade policies such as tariffs and quotas.
- Understand how exchange rates are determined.
- Evaluate global capital flows and financial systems.
- Identify key factors influencing economic development.
Lessons in This Unit
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Lesson 5.1: Comparative Advantage
Why nations specialize and trade.
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Lesson 5.2: Trade Policy
Tariffs, quotas, and protectionism.
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Lesson 5.3: Exchange Rates
Currency markets and exchange rate systems.
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Lesson 5.4: Global Financial Flows
International investment and capital mobility.
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Lesson 5.5: Economic Development
Growth challenges in developing economies.
Unit Assessment
- Complete Unit 5 Quiz
- Evaluate a country’s trade and development strategy