Lesson Plan

• Describe the components of the current account and identify trade in goods within it.
• Calculate the trade‑in‑goods balance using the export‑import formula.
• Analyse how exchange rates, productivity and policy affect a country’s trade in goods.
• Evaluate the economic implications of a trade surplus and a trade deficit.

• Projector and screen for slides
• Whiteboard and markers
• Printed worksheet with trade‑in‑goods calculations
• Calculator or spreadsheet software
• Sample balance‑of‑payments data handout

Begin with a quick poll: “What determines whether a country sells more than it buys?” Review the previous lesson on the current‑account overview. Explain that today’s success criteria are to compute the trade‑in‑goods balance and discuss its macro‑economic effects.

1. Do‑now (5'): Students write their poll responses on sticky notes; teacher groups answers.
2. Mini‑lecture (10'): Define trade in goods, present the formula, and work through the numerical example.
3. Guided practice (12'): Pairs calculate trade balances from a worksheet; teacher circulates for support.
4. Concept application (10'): Discuss factors influencing trade and the consequences of surpluses/deficits using a short case study.
5. Check for understanding (8'): Quick Kahoot quiz (5 questions) followed by an exit‑ticket prompt.

Summarise that trade in goods is the export‑minus‑import component of the current account and reflects exchange‑rate moves, productivity and policy choices. For the exit ticket, ask students to write one real‑world factor that could shift a country’s trade balance. Assign homework to complete the revision checklist and bring a news article illustrating a recent trade surplus or deficit.