Economics — International Trade and Development

Exam board: WJEC  |  Back to subjects

Board-Specific Note

WJEC specification; mainly taken in Wales.

Learning Objectives

• Explain comparative advantage
• Analyse globalisation
• Understand development indicators

Key Points

• Comparative advantage
• Free trade and protectionism
• Exchange rates

Lesson Plan (50 minutes)

1. Starter (5 min): Recall prior knowledge of international trade and development with quick questions.
2. Teaching (15 min): Work through each of the learning objectives, explaining principles step by step.
3. Key points review (5 min): Revisit the key points together, confirming understanding.
4. Worked example (10 min): Model the example question: Why do countries trade?. Solution: To specialise and gain from comparative advantage
5. Practice (10 min): Students attempt the practice questions independently; circulate and support.
6. Plenary (5 min): Review answers and address misconceptions.

Homework

• Explain an exchange rate change effect
• Describe a benefit of free trade
• State a development indicator

Assessment

Check practice answers against the model answer; use the built-in practice questions as formative assessment.