The importance of trade
Lesson details
Learning outcome
I can explain what trade is and why countries trade with each other.
Key learning points
- Global trade involves exporting goods from one country and importing them to other countries.
- Commodities are raw materials which can be bought and sold.
- Manufacturing uses raw materials to make other goods for sale.
- Import and export data can be used to show the types and amounts of things that countries trade around the world.
Keywords
Trade - the buying, selling or exchanging of things between people, companies and countries
Import - goods and services brought in from another country
Export - goods and services sold to another country
Tax - money that is paid to the government to pay for things like schools and healthcare
Common misconception
You can only trade goods.
You can trade goods and services such as education and finance services.
Teacher tip
Bring in an example of a commodity and manufactured good to show the difference.
Licence
Lesson video
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Prior knowledge starter quiz
6 Questions
Q1. is the process of countries becoming more connected and interdependent.
Q2.Which of the following is an example of global trade?
Q3.Which of these is a positive effect of globalisation?
Q4.Which of the following is an example of a product that might be traded internationally?
Q5.How has the internet affected globalisation?
Q6.How can globalisation affect local cultures?
Assessment exit quiz
4 Questions
Q1. means the buying, selling or exchanging of things between people, companies and countries.
Q2.Which of these is a 'good'?
Q3.Which of these is a service?
Q4.Global trade involves exporting goods and services from one country and them to other countries.
To help you plan your 8 geography lesson on: The importance of trade, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your 8 geography lesson on: The importance of trade, download all teaching resources for free and adapt to suit your pupils' needs.
The starter quiz will activate and check your pupils' prior knowledge, with versions available both with and without answers in PDF format.
We use learning cycles to break down learning into key concepts or ideas linked to the learning outcome. Each learning cycle features explanations with checks for understanding and practice tasks with feedback. All of this is found in our slide decks, ready for you to download and edit. The practice tasks are also available as printable worksheets and some lessons have additional materials with extra material you might need for teaching the lesson.
The assessment exit quiz will test your pupils' understanding of the key learning points.
Our video is a tool for planning, showing how other teachers might teach the lesson, offering helpful tips, modelled explanations and inspiration for your own delivery in the classroom. Plus, you can set it as homework or revision for pupils and keep their learning on track by sharing an online pupil version of this lesson.
Explore more key stage 3 geography lessons from the Globalisation: Is the world shrinking? unit, dive into the full secondary geography curriculum, or learn more about lesson planning.