The Metropolitan Academy

Lesson Plan
Subject: BUSINESS STUDIES

Class: 0-III

Date: 8th 12th February 2016

LESSON PLAN
1.

TOPIC
Unit # 25:

2.

Business in the International Community.

Learning outcomes: by the end of lesson the students will be able to

Show an appreciation of how international trade influences an economy and its business sector by
creating opportunities for growth, increased competition and consumer choice. Demonstrate an
understanding of the problems of a business when entering a new market abroad. Understand how
importing/exporting decisions might be affected by changes in exchange rates. Appreciate the
implications of tariff barriers, quotas and exchange rate changes for businesses that trade internationally

3.

Resources
Course Book:

4.

CAMBRIDGE IGCSE BUSINESS STUDIES (FOURTH EDITION)

BY KAREN BRRINGTON AND PETER STIMPSON
ISBN: 978-1-4441-9806-5

Methodology
Familiarize the students with the requirements of the course. Introduce students to important
concepts and key features of the course through various examples.

5.

Activity
International trade game. Teacher explanation. Suitable for investigating opportunities and problems in
own economy. Exchange rates worksheets on IGCSE CD-ROM

6.

Homework / Class work (exercise number, assignment topic, article to be read etc):
All the class activities and Question/ Answers in the books will be solved by the students both
in the class and at Home.

7.

Extension work / wider reading (title, author, page number etc):

Students will be asked to solve all the Questions of a worksheet that will be provided at the end
of the Topic.

8.

Evaluation / Comments (problems encountered, feedback, student performance etc):

DAY 1:
DAY 2:
DAY 3:
DAY 4:
DAY 5:

Potential benefits to a country and/or economy where a MNC is located, e.g. jobs, exports,
increased choice, investment.
Potential drawbacks to a country and/or economy where a MNC is located, e.g. reduced
sales of local businesses, repatriation of profits
The impact of exchange rate changes
Depreciation and appreciation of an exchange rate
How exchange rate changes can affect businesses as importers and exporters of products,
e.g. prices, competitiveness, profitability

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