Our Trade and Specialization lesson plan teaches students about what trade and specialization are and how to understand these concepts in terms of basic economics. During this lesson, students are asked to work collaboratively with a group to read questions about trade and specialization and discuss them, using the knowledge gained from this lesson. Students are also asked to match vocabulary terms with their definitions.
At the end of the lesson, students will be able to define trade, specialization, and other related terms and concepts; and explain how trade impacts the cost and price of products.
Common Core State Standards: CCSS.ELA-Literacy.RI.5.3, CCSS.ELA-Literacy.RI.5.4, CCSS.ELA-Literacy.SL.5.1.C, CCSS.ELA-Literacy.RI.6.3, CCSS.ELA-Literacy.RI.6.4, CCSS.ELA-Literacy.SL.6.1.C