SOCIAL STUDIES – Grade 9

Economics
Marveluz Blessie T. Ensencio
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R G A
R I G R A
F R I G R A D
F O R E I G N T R A D E
Foreign Trade
BASIC CONCEPT:

Not all countries can produce ALL goods

& services.

Not all countries can buy ALL goods &

services.
Foreign Trade
EXPORT

IMPORT
 THE
TRADING
GAME
INSTRUCTIONS
 Form 5 groups (count off)
 Each group will be assigned a specific country and
product(s). A list of product points will be shown later.
 Each group will receive 10 trading cards. Tally your initial
points.
 ROUND 1: Open Trade. Each group will trade their
products to other countries.
 ROUND 2 and 3: Scenario Nos. 1 & 2 will be given by the
“WTO” which can affect later trading.
 Tally your final points.
COUNTRIES & PRODUCTS
COUNTRY PRODUCT(S)

GROUP 1 Philippines Lumber

GROUP 2 India Coffee

GROUP 3 China Gold & Electronics

GROUP 4 Saudi Arabia Oil

GROUP 5 Ghana Electronics

ROUND 1-PRODUCT POINTS
Product Points per
Unit
Gold 5
Oil 4
Lumber 3
Electronics 2
Coffee 1
ROUND 2-SCENARIO
WORLD SITUATION:
The world is running out of oil, making
oil rare and much more expensive.

OUTCOME:
The worth of oil increases by two points.
ROUND 2-PRODUCT POINTS
Product Points per
Unit
Gold 5
Oil 6
Lumber 3
Electronics 2
Coffee 1
ROUND 3-SCENARIO
WORLD SITUATION:
Ghana learns to counterfeit electronics,
making its electronics cheaper.

OUTCOME:
Ghana takes one electronic unit from
each country.
SCORE
Country Initial Points Final Points

Philippines 75
India 25
China 95
Saudi Arabia 100
Ghana 40
FOCUS QUESTIONS
 At
the end of the game, which countries became
poorer or richer than how they started?
 Whatis it like to be a rich country? A Poor
country? Do you feel powerful/less powerful?
 Which items were most popular? Which were the
least popular? Why?
 Was it easy or difficult to trade? Why?
FOREIGN TRADE

FILLING EACH OTHER’S

NEEDS
ASSIGNMENT

Read pp. 362-369 on your book. In a ½ sheet of

paper, answer the following questions:
1. Identify the Top 5 Major Trading partners of
Philippines.
2. List down the products EXPORTED and IMPORTED
by the Philippines.
3. Philippines is rich in natural resources. Do you
think it is still necessary to import and export? Why?