Grade 9-12
,
Activity
Planning an International Trip
Objective
Students will be able to:
- Calculate and compare exchange rates for different countries.
Standard
National Standards in Economics
Trade
Standard: 5
- Students will understand that: Voluntary exchange occurs only when all participating parties expect to gain. This is true for trade among individuals or organizations within a nation, and among individuals or organizations in different nations.
- Students will be able to use this knowledge to: Negotiate exchanges and identify the gains to themselves and others. Compare the benefits and costs of policies that alter trade barriers between nations, such as tariffs and quotas.
Concepts
![](https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-803108284-1024x768.jpg 1024w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-803108284-300x225.jpg 300w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-803108284-768x576.jpg 768w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-803108284-1536x1152.jpg 1536w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-803108284-100x75.jpg 100w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-803108284.jpg 2000w)
In this economics activity, students compare the cost of traveling to three international locations.
Procedure
This is an individual activity where students will calculate the exchange rates for three different countries and determine which is the best bet for their money. Students will complete the activity with one of the following formats: Quizizz, Worksheet, or ReadyAssessments Activity.
To complete this activity, students need to follow the directions below:
- You have $1,500 to spend over and above your airline ticket to visit a foreign country. Narrow your choices to three countries and calculate the exchange rates for each country. Determine which of the three countries would be the best vacation destination (based on where your money would be worth the most).
- Choose which format you want to complete the Planning an International Trip Activity: Planning an International Trip Quizizz, Planning an International Trip Worksheet, or Planning an International Trip ReadyAssessments.