5.02 Research Chart

Step 1: Choose two countries for comparison.

Step 2: Collect geographic and political data as it related to the economy. Be sure to include your citations.

Step 3: Save your information because you will need it for future activities. You do not have to submit this to your instructor at this point. (Put your maps on page 2 and your citations on page 3.)

Research Notes

5.02
Countries / United States / (Put country 1 here) / (Put country 2 here)
Name and location, geography /
  1. Can you include a map to show locations of your countries?
(see Pg. 2)
  1. What are some geographic features of the countries that may impact production and trade?
/
  1. See page 2
2. /
  1. See page 2
2. /
  1. See page 2
2.
Economic System /
  1. Is the country primarily a traditional, command, market, or mixed economy?
  2. How does the country structure its leadership? Is the country developed or least developed?
  3. Are there any significant events happening in the country in regards to its economy or politics?
/ 2.
3. / 1.

Put your country maps here:

Citations:

5.03 Research Chart

For 5.03, submit the following to your teacher:

  1. Your research notes chart (5.03). Put your citations after the table.
  2. A copy of the response paragraph from the Discussion Area (post as a new message).
  3. The date you posted to the “Economic Goals” discussion.
  4. The names of two classmates to whom you responded.

5.03
Countries / United States / (Put country 1 here) / (Put country 2 here)
Economic Indicators / What are the current rates of:
  1. Unemployment(
  1. GDP (stated in trillions, billions, or millions
  1. Income gap
  1. EFW index (a number between 1 and 141)

  1. Balance of trade (negative or positive and amount)
/ 1.
2.
3.
4.
5. / 1.
2.
3.
4.
5. / 1.
2.
3.
4.
5.

Citations:

There are two questions that you must answer during your post to the 5.03 Discussion Area.You must also send the answers to these questions to your instructor. Each answer should consist of at least 4-5 sentences.

  1. How would you describe each of the three countries’ success in meeting economic goals? Explain the economic goals and use the economic indicators in your discussion.
  2. How would trade with each country influence both the United States and the country’s success in meeting these goals?

There are 3 questions you must consider when you are responding to two classmates about their data. Please type the questions here and respond to two students.

  1. Does your classmate seem to have accurate data?
  2. Are the sources of information reputable and current?
  3. Do you agree with the classmate’s analysis of each country’s current situation?

5.04 Research Chart

For 5.04, there is nothing to submit.

Make sure you have collected your research and put it in your chart. Provide citations for your data at the end of this chart.

5.04
Countries / United States / (Put country 1 here) / (Put country 2 here)
Major Industries /
  1. What industries are most common in the country?
  1. What do most people do for a living?
  1. Are there any famous special items that come from a country?
/ 1.
2.
3. / 1.
2.
3. / 1.
2.
3.
Advantage /
  1. Which products or industries does the country haveabsolute advantage?
  2. Which products or industries does the country have a comparative advantage over the other two countries?
*I have a video of comparative and absolute advantage on my “Hubba Help Documents tab.”
  1. Does the United States already trade with this country? If so, what products do we exchange? You may leave the box for the United States blank on this one.
(You may reference statistics about current production in the countries, amounts or value of natural resources, and other data.)

Citations:

5.05Research Chart

Submit to your instructor:

Your data chart. Don’t forget to put your citations at the end of the table.

A copy of the paragraph of your initial post

Date of posting and names of the 2 classmates to whom you responded.

5.05
Countries / United States / (Put country 1 here) / (Put country 2 here)
Barriers to Trade /
  1. Do these countries have any barriers to trade?
(tariffs, quotas, regulations, embargos)
  1. What are they?
/ 2.
Free Trade Zones /
  1. Is the country a member of any free trade zones?
  1. What benefits does the nation enjoy from that membership?

Citations:

Original Post:

  1. Discuss why the countries have barriers to trade or enter free trade agreements.
  2. Do you think eliminating trade barriers with either country is possible?
  3. Considering your discussion and data on barriers to trade and free trade zones, which country would be easier to trade with from a political point of view? Explain.

Responses to two students:

  1. Does your classmate seem to have accurate data?
  2. Are the sources of information reputable and current?
  3. Do you agree with the classmate’s analysis of each country’s current situation?

5.05H (Honors) DO NOT DO UNLESS YOU ARE SIGNED UP FOR HONORS!

Collect information about outsourcing and argue for or against using outsourcing. You may either debate a student through the discussion board, or use a Web 2.0 tool. See 5.05H activity to get all the requirements,

5.06 Research Chart – collect the information for this portion of the chart. There is nothing to submit, but be sure and complete your chart for future use.

5.06
Countries / United States / (Put country 1 here) / (Put country 2 here)
Inflation and Exchange Rates /
  1. What are the current rates of inflation and exchange in each country?
  2. How can these numbers affect trade what that country?

News /
  1. What are some current events or other information that may influence each country’s inflation rate, exchange rate, or potential for trade?

5.07– Discussion Based Assessment

Please call me for your DBA on Module 5. Be prepared to answer questions about the countries you used during the Module 5 project.

5.08Final submission and presentation

  1. Check and make sure you have answered all the questions from your research chart and submit entire chart to me.
  2. Create a presentation for the ITA giving a summary of your findings and your recommendations. (Must use a presentation tool such as PowerPoint or a Web 2.0 Tool.
  1. Answer the 6 questions asked by the ITA.
  1. Which country do you think would increase its success more in meeting the economic goals from expanding trade with the United States? Explain.
  2. Based on your information about comparative and absolute advantage, explain which country the United States would benefit from most and why.
  3. Considering your discussion and data on barriers to trade and free trade zones, which country would be easier to trade with from a political point of view? Explain.
  4. Are any of these countries experiencing high inflation? How does inflation affect exchange rates with U.S. currency and, ultimately, the cost of trade? How else may inflation impact a society and the world economy?
  5. Are there other issues in either country that the United States should consider before entering trade negotiations? Discuss them. Examples may be human rights concerns, war, geography, other political issues, malnutrition or disease, transportation, or climate.
  6. To finalize, which country do you think would be a better trade partner for the United States at this time? Explain.