Lesson Plan

• Describe the purpose of import tariffs and import quotas.
• Explain how tariffs and quotas affect prices, consumers, and domestic producers.
• Analyse the impact of these trade measures on business decision‑making and the wider economy.
• Calculate the cost impact of a percentage tariff on an imported good.
• Evaluate the advantages and disadvantages of tariffs and quotas for governments and businesses.

• Projector and screen
• PowerPoint slides summarising key concepts
• Printed worksheet with tariff calculation task
• Handout of the “Measure” comparison table
• Whiteboard and markers
• Calculators (or phone calculator app)
• Sticky notes for exit ticket

Begin with a brief news clip about recent trade tensions to spark interest. Ask learners what they already know about taxes on imported goods and how these might affect everyday prices. Explain that today they will explore how tariffs and quotas shape business strategies and the economy, and outline the success criteria: students will be able to describe, calculate, and evaluate these measures.

1. Do‑now (5'): Quick quiz on globalisation terms displayed on the board.
2. Mini‑lecture (10'): Define import tariff and quota, show the comparison table.
3. Table analysis activity (12'): In pairs, students annotate the table with predicted impacts on price, revenue, and competition.
4. Tariff calculation exercise (10'): Using the worksheet, calculate the post‑tariff price of a $50 widget with a 10% tariff.
5. Group discussion (8'): Evaluate pros and cons of tariffs vs. quotas, referencing the key take‑aways.
6. Diagram sketch (5'): Students draw a simple flowchart of how a tariff is applied from customs to consumer price.
7. Recap & check for understanding (5'): Teacher summarises key points and asks targeted questions.

Summarise how tariffs raise domestic prices and generate revenue, while quotas limit supply without direct revenue. For the exit ticket, each student writes one way a business might respond to a new tariff. Assign homework: research a current real‑world tariff or quota and prepare a brief report on its impact.