APMacro: IES Trade Session Prep


IES_Summit
Improving living standards and the quality of life is your responsibility as an economic advisor. The trading session at the Summit is a great opportunity to achieve your country’s goals and demonstrate your superior trading ability. When you begin the Summit, you will receive an export coupon your export coupons (your country’s name will be on each coupon). During the trading session, you will trade (barter) your export coupons with other countries or you may buy and sell export coupons for cash.No coupons are to be exchanged prior to the trading session.

What is the Trading Session?
Your goal during the trading session is to exchange your export coupons for import coupons you will select as you generate your country’s strategic plan. You and your team will submit a list of import coupons you intend to obtain during the trading session at the Summit. The imports you select and submit for your strategic plan become the goals you must try to obtain during the trading session. You and your team can earn up to 20 points for meeting your import goals. At the end of the trading session, you may have some of your own coupons left over. No problem! Extra exports just mean you have a trade surplus. These coupons do not count toward your import goals.

Here is an example:
Let’s say the United Kingdom has 5 Consumer Goods coupons to export (these could represent clothes, washers and dryers, cars, or lawnmowers). In their strategic plan, the United Kingdom selected 3 Consumer Goods coupons to import (they wanted microwaves and coffee makers). At the end of the trading session, the United Kingdom has 3 Consumer Goods coupons, two coupons from Japan, and one of their own original Consumer Goods coupons. The Consumer Goods coupon with the United Kingdom label will not count toward meeting the import goals of their strategic plan.

Remember, you must trade, barter, or sell your export coupons for the import coupons you selected.

APMacro P5-6: IES Trade Session Prep


Summit Trade Session-4med
Teams plan how they intend to meet their objectives through leveraging the resources they possess for the resources they need. Teams are encouraged to negotiate trade agreements in order to reach their objectives. Teams will determine which countries might make a favorable trading partner and who are competitors.


Each team will complete in the Player’s Guide:
1. #7, 11-14. 20, 22, 23, 26, 28, 34, 45, 46, 47-48, & 49

Theme-02-june

APMacro P5-6: IES Trade Session Prep


IES Table Display
Economic Advisers create a strategic plan to improve living standards for their population. Students will implement their plans through activities such as alliance negotiations, foreign aid transfers, investing in long term development projects, interacting with global economic institutions, and participating in an international export-import trading session.

At the Summit, student teams, representing the nations of today’s world, compete for scarce resources, form strategic country alliances, select long term development projects, interact with the Summit World Bank, and seek to stabilize and advance the global economy.


Each team will complete in the Player’s Guide:
1. #7, 11-14. 20, 22, 23, 26, 28, 34, 45, 46, 47-48, & 49

Theme-02-june

Econ: Summit Trade Session Prep

Theme-02-june

IES Table Display
Economic Advisers create a strategic plan to improve living standards for their population. Students will implement their plans through activities such as alliance negotiations, foreign aid transfers, investing in long term development projects, interacting with global economic institutions, and participating in an international export-import trading session.

At the Summit, student teams, representing the nations of today’s world, compete for scarce resources, form strategic country alliances, select long term development projects, interact with the Summit World Bank, and seek to stabilize and advance the global economy.


Each team will complete in the Player’s Guide:
1. #7, 11-14. 20, 22, 23, 26, 28, 34, 45, 46, 47-48, & 49


Homework:
1) Semester Exam Study Guide

Arrows-02-june