BB py xxs1 toucanion GEN 005: The Contemporary World ene TST Module #6 Student Activity Sheet Name: Wawa viowsta ¥- cA¥stANS. Class number: Section: 8611-05 _ Schedule: Date: Materials: Lesson Title: Global Economy and Market Integration, Activity Sheets References Learning Targets: Atthe end of the lesson, students should be _httpsi//en. wikipedia, org/wiki/Wor able to: Id_economy 1. explain the types of market integration; bttps://www,thestreet,com/mark 2. differentiate concepts of the global economy from market -is-vertical i integration, ind-what-are-the-benefits: ES A. LESSON PREVIEW/REVIEW Introduction (2 min) Hello! How are you today! Again, welcome to Contemporary World! Are you ready for our new lesson today? Today’s topic is about market integration in a globalized economy. The post lessons related to globalization were also part of today's lesson, which is the market integration in the global economy. Today we will discuss how the global economy works through these factors. Please read the learning targets before you proceed to the succeeding activities. The learning targets are ‘your goals. Remember, you need to achieve your learning targets at the end of the lesson. Before we proceed to our topic today, please answer the lesson review to check your understanding of the lessons last meeting. Lesson Review: Read the statement, and answer it with True or False. Write True if the statement is. correct, and write False if itis incorrect. 3AvE_1. Developing countries with pollution will suffer the most from climate change. ‘“eue_ 2. Part of military globalization is the nuclear age and weapons of mass destruction “Fuse 3. Globalization prohibited international terrorists from achieving their crime/terrorism goals. “Tew_ 4, People move all the time, mixing and integrating different societies and their cultures. “Itt 5. Terrorists and criminals used the instruments of globalization to achieve their objectives. Eee This document is the property of PHINMA EDUCATION 1 Scanned with CamScannerINA EDUCATION. GEN 005: The Contemporary World — Module #6 Student Activity Sheet What are the effects of market integration? Both producers and consumers gained, but welfare gains were inversely related to the size of the country and positively to the level of openness to trade. We infer that welfare gains from internatiorfaf market integration were equivalent to substantial shares of economic growth in the ‘long 19th century,-, Activity 2: Check for Understanding (18 mins + 2 mins checking) Exercise 1: Fill out the blank boxes with your definition of Global Economy and Market Integration baSéd ‘on your notes. In the second box, give the facts/ characteristics of globalization. In the 3" box, you can list down some examples of globalization. In the 4* box, you can list down the non-examples of globalization. FACTS/CHARACTERISTICS Wheayy wtaanrey SUVES SEE PRES Assan Deriinae WHO an dtlang GOS Ted SW FAME OFF BW Leas free oF ne famine oF ome S108 Mew Patera Waves marcencns = MPLS Kos 10 EN Blo OR HERE AAANeTy lb TAG HOH Ey OO TCO ties ie she THE ATTN U Mee AAR arte ONE tty HM i rig EMMITT oy teers, aegis wenewone Sty + ees 7 Manors Ueesite hue rroeeng Our pues + C1 Bete neon Bhi sar wry Poem sevaveng “Weta Fae lawns + Pacca00 dept Om Seine ote, esr es Blass rear 2 Pre ‘taaen Aue erin This document is the property of PHINMA EDUCATION 5 Scanned with CamScannerGEN 005: The Contemporary World Module #6 Student Activity Sheet Exercise 2: Read the statement, and answer it with True or False ‘tun_1. The world economy or global economy is the economy of all humans of the world. “ay_2. The system of trade and industry across the world emerged due to globalization. _maz_3. Countries economies have been developing to operate collectively as one system tus, 4, Increasing costs through achieving operational efficiency “Tug_5. Integration of markets reduces trade barriers and increases fluidity between markets. Exercise 3: Business tycoon like Gokongwel, Henry Sy and Lucio Tan has been making a lot of money from conglomerates, do you think it is because they are Chinese and would you like to be one of them? Yes/No/Why? Yeu, 1 4m 10 ve smestseon Jor ime gam. 5 THWK ten BEalG here _U vio Suecetina Seomig we suai CATE VAUET URED ond Any OMIDOMHE ton te OHaserL Aeetcrs Enmiogy's Jog srearoemante * heck your answers against the Key to Corrections found at the éhd of this SAS. Write your score on your Paper. C.LESSON WRAP-UP Frequently Asked Questions (FAQs) Question 1. What are the effects of vertical Integration on the market? Answer: There are benefits for companies to integrate vertically, including being more in control of their supply chain, offering their goods at lower prices, and having increased market control. One factor is creating an economy of scale. There is a reduction in the cost of production brought about, especially ifthe size of production facilities increased. The larger the company gets, the more cost-effective itis to produce its goods and services, . Question 2, What are the benefits consumer will get from vertical Integration? Answer: Having a larger market share or marker power is the benefit of vertical Integration. When the two a This documents the property of PHINMA EDUCATION 6 Scanned with CamScannerGEN 005: The Contemporary World ee Module #6 Student Activity Sheet companies merged, they also combined the product-based technology and services available in the market. With more products under one name, the new company can increase its position among consumers. Big {firms/companies pursue vertical Integration for the obvious reasons, the advantages it offers like having greater control over the supply chain and offering lower prices with high-quality products to consumers while increasing market control. Thinking about Learning (5 mins) My Learner Tracker What contributed to the What module# did you quality of your do? Whatwere the | Whatwere your scores in| _ Performance today? What's the date today? What will you do next learning targets? What the activities? Hea activities did you do? session to maintain your 7 performance or improve it? Macy Dymo te TIO wanod Any BF toae Monvarte Directions: Since you are done with today’s lesson, please carefully read the question below and give your honest answer to it. What was the most important thing you learned during this class? | _Lesewie que ees OF Manne? wregneBO Ade precen cu Thre cobturrs OF THE é1onay elonvmy FROM MARE r Jarre roow) ‘What important question remains unanswered? T__Wivt yO Quecriovs so Ag - This document is the property of PHINMA EDUCATION iT Scanned with CamScanner