This document contains lesson plans for teaching a chapter on international business and economics. It outlines 5 lessons to be covered over the course of a week, including topics on economic decision making, different economic systems, factors that affect economic development, and measures of economic progress. It provides learning objectives, teaching resources, and assessment strategies for each lesson.

1. Chapter 2 Lesson Plans 1
International Business Teacher:
_______________________
Week of: _______________________
M T W Th F
Chapter 2 Our Global Economy
Introduction
• Chapter Overview, p. 26
• Global Focus: Dual Economies, p. 27
Chapter 2 Teaching Resources
• Activities and Study Guide, Ch. 2
• Exam View®, Ch. 2
• Instructor’s Resource CD
• PowerPoint Slides, Ch. 2
• Lesson Plans, Ch. 2
• Activities and Study Guide Instructor’s Edition, Ch. 2
• Web Site www.cengage.com/school/genbus/intlbiz
• Net Bookmark
• Study Tools
• Quiz Prep
• Activities
• Crossword Puzzles

2. Chapter 2 Lesson Plans 2
International Business Teacher:
_______________________
Week of: _______________________
M T W Th F
Lesson 2- 1 Economics and Decision Making
Pages 28–31
Teaching Resources
• Activities and Study Guide, Lesson 2-1
• Instructor’s Resource CD
• PowerPoint Slides, Lesson 2-1
• Lesson Plans, Lesson 2-1
Goals
• Describe the basic economic problem.
• List the steps of the decision-making process.
Focus
• AIE p. 28
Teach
• The Basic Economic Problem, p. 28
• Making Economic Decisions, pp. 29–30
Figures
• Figure 2-1, The Decision-Making Process, p. 29
Special Features
• Work as a Team, p. 39
Web Site
• www.cengage.com/school/genbus/intlbiz
• Study Tools, p. 31
Ongoing Assessment
• Checkpoint, pp. 28, 30
• Review Global Business Terms, p. 31
• Review Global Business Concepts, p. 31
• Solve Global Business Problems, p. 31
• Think Critically, p. 31
• Make Academic Connections, p. 31

3. Chapter 2 Lesson Plans 3
Annotated Instructor’s Edition
Teaching Strategies
• Print Learners, p. 30
Ongoing Assessment
• Checkpoint, pp. 28, 30
• Assess, p. 31
• Reteach, p. 31
• Enrich, p. 31
• Portfolio, p. 31
• Close, p. 31

4. Chapter 2 Lesson Plans 4
International Business Teacher:
_______________________
Week of: _______________________
M T W Th F
Lesson 2- 2 Basics of Economics
Pages 32–35
Teaching Resources
• Activities and Study Guide, Lesson 2-2
• Instructor’s Resource CD
• PowerPoint Slides, Lesson 2-2
• Lesson Plans, Lesson 2-2
Goals
• Describe how the market sets prices.
• Explain the causes of inflation.
Focus
• AIE p. 32
Teach
• Price-Setting Activities, pp. 32–33
• Changing Prices, p. 34
Special Features
• Work as a Team, p. 33
• Communication Across Borders, Disappearing Languages, p. 34
Figures
• Figure 2-2, Market Price Is Set by Supply and Demand, p. 33
• Figure 2-3, Making Connections: History, p. 35
Web Site
• www.cengage.com/school/genbus/intlbiz
• Study Tools, p. 35
Ongoing Assessment
• Checkpoint, pp. 33, 34
• Review Global Business Terms, p. 35
• Review Global Business Concepts, p. 35
• Solve Global Business Problems, p. 35
• Think Critically, p. 35
• Make Academic Connections, p. 35

5. Chapter 2 Lesson Plans 5
Annotated Instructor’s Edition
Ongoing Assessment
• Checkpoint, pp. 33, 34
• Assess, p. 35
• Reteach, p. 35
• Enrich, p. 35
• Portfolio, p. 35
• Close, p. 35

6. Chapter 2 Lesson Plans 6
International Business Teacher:
_______________________
Week of: _______________________
M T W Th F
Lesson 2- 3 Economic Systems
Pages 36–40
Teaching Resources
• Activities and Study Guide, Lesson 2-3
• Instructor’s Resource CD
• PowerPoint Slides, Lesson 2-3
• Lesson Plans, Lesson 2-3
Goals
• Name the three main factors of production.
• Understand how different countries make economic decisions.
Focus
• AIE p. 36
Teach
• Economic Resources Satisfy Needs, pp. 36–37
• Types of Economic Systems, pp. 38–39
Special Features
• Global Business Spotlight, Factors of Production for Fast-Food Companies, p. 37
• Work as a Team, p. 37
• Global Business Spotlight, Public Services Going Private, p. 39
Figures
• Figure 2-4, Factors of Production, p. 37
Web Site
• www.cengage.com/school/genbus/intlbiz
• Study Tools, p. 40
Ongoing Assessment
• Checkpoint, pp. 37, 39
• Review Global Business Terms, p. 40
• Review Global Business Concepts, p. 40
• Solve Global Business Problems, p. 40
• Think Critically, p. 40
• Make Academic Connections, p. 40

7. Chapter 2 Lesson Plans 7
Annotated Instructor’s Edition
Teaching Strategies
• Attention Deficit Disorder, p. 38
• Kinesthetic Learners, p. 38
Ongoing Assessment
• Checkpoint, pp. 37, 39
• Assess, p. 40
• Reteach, p. 40
• Enrich, p. 40
• Portfolio, p. 40
• Close, p. 40

8. Chapter 2 Lesson Plans 8
International Business Teacher:
_______________________
Week of: _______________________
M T W Th F
Lesson 2- 4 Achieving Economic Development
Pages 41–44
Teaching Resources
• Activities and Study Guide, Lesson 2-4
• Instructor’s Resource CD
• PowerPoint Slides, Lesson 2-4
• Lesson Plans, Lesson 2-4
Goals
• Describe the factors that affect economic development.
• Identify the different levels of economic development.
Focus
• AIE p. 41
Teach
• Development Factors, p. 41
• Types of Development, pp. 42–43
Special Features
• Global Business Spotlight, Types of Infrastructure, p. 42
Figures
• Figure 2-5, Levels of Economic Development, p. 43
Web Site
• www.cengage.com/school/genbus/intlbiz
• Study Tools, p. 44
Ongoing Assessment
• Checkpoint, pp. 41, 43
• Review Global Business Terms, p. 44
• Review Global Business Concepts, p. 44
• Solve Global Business Problems, p. 44
• Think Critically, p. 44
• Make Academic Connections, p. 44

9. Chapter 2 Lesson Plans 9
Annotated Instructor’s Edition
Teaching Strategies
• Auditory Learners, p. 42
Ongoing Assessment
• Checkpoint, pp. 41, 43
• Assess, p. 44
• Reteach, p. 44
• Enrich, p. 44
• Portfolio, p. 44
• Close, p. 44

10. Chapter 2 Lesson Plans 10
International Business Teacher:
_______________________
Week of: _______________________
M T W Th F
Lesson 2- 5 Resources Satisfy Needs
Pages 45–51
Teaching Resources
• Activities and Study Guide, Lesson 2-5
• Instructor’s Resource CD
• PowerPoint Slides, Lesson 2-5
• Lesson Plans, Lesson 2-5
Goals
• Discuss economic principles that explain the need for international trade.
• Identify various measures of economic progress and development.
Focus
• AIE p. 45
Teach
• The Economics of Foreign Trade, p. 45
• Measuring Economic Progress, pp. 46–50
Special Features
• Global Technology Trends, International Domain Names, p. 48
• Work as a Team, p. 49
• International Business Perspective, Careers: Global Business Careers, p. 50
Figures
• Figure 2-5, Per Capita GDP for Selected Countries, p. 46
• Figure 2-6, Balance of Trade for Canada and United Kingdom, 47
• Figure 2-7, Balance of Trade for United Kingdom, p. 48
Web Site
• www.cengage.com/school/genbus/intlbiz
• Net Bookmark, p. 49
• Study Tools, p. 51
Ongoing Assessment
• Checkpoint, pp. 45, 49
• Review Global Business Terms, p. 51
• Review Global Business Concepts, p. 51
• Solve Global Business Problems, p. 51
• Think Critically, p. 51
• Make Academic Connections, p. 51

11. Chapter 2 Lesson Plans 11
Annotated Instructor’s Edition
Teaching Strategies
• Gifted Students, p. 47
• Kinesthetic Learners, p. 47
Ongoing Assessment
• Checkpoint, pp. 45, 49
• Assess, p. 51
• Reteach, p. 51
• Enrich, p. 51
• Portfolio, p. 51
• Close, p. 51

12. Chapter 2 Lesson Plans 12
International Business Teacher:
_______________________
Week of: _______________________
M T W Th F
Chapter 2 Review
Teaching Resources
• Activities and Study Guide, Ch. 2
• Exam View®, Ch. 2
• Instructor’s Resource CD
• Activities and Study Guide Instructor’s Edition, Ch. 2
• Web Site www.cengage.com/school/genbus/intlbiz
• Net Bookmark
• Quiz Prep
• Activities
• Crossword Puzzles
Review
• Chapter Summary, p. 52
• Global Refocus, p. 52
• Review Global Business Terms, p. 53
Apply
• Make Global Business Decisions, p. 54
• Make Academic Connections, p. 54
Projects
• The Global Entrepreneur, Creating an International Business Plan: Economic
Conditions Around the World, p. 55
Annotated Instructor’s Edition
Ongoing Assessment
• Assess, p. 52, 55
• Reteach, p. 52
• Enrich, p. 52
• Portfolio, p. 55
• Close, p. 55