Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Copyright © Texas Education Agency, 2012. All Rights Reserved.
2
SWBAT
(Student Will Be Able To)
•Explain the advantages of specialization.
•Identify the concept of comparative
advantage.
•Distinguish between portfolio investment
and direct investment.
Copyright © Texas Education Agency, 2012. All Rights Reserved.
3
•
•
•
•
•
Specialization
Comparative Advantage
Absolute Advantage
Portfolio Investment
Direct Investment
Copyright © Texas Education Agency, 2012. All Rights Reserved.
4
Comparative Advantage,
Absolute Advantage , and Specialization
explained.
http://www.youtube.com/watch?v=38hvvAzgXZY
Copyright © Texas Education Agency, 2012. All Rights Reserved.
5
•
•
•
•
•
What did Adam Smith do?
What did he believe?
What did David Ricardo do?
What did he believe?
Do you side more with Adam
Smith’s theory or David
Ricardo’s theory?
• What are some advantages
to specialization?
• What is the main advantage
to specialization?
Adam Smith
Copyright © Texas Education Agency, 2012. All Rights Reserved.
David Ricardo
6
Foreign Direct Investment and
Foreign Portfolio Investment explained.
http://www.diffen.com/difference/FDI_vs_FPI
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7
• Based on the information
in the article and the
chart, which type of
investment would you
make?
• Based on your answer to
the first question, why
would you make that
choice?
Copyright © Texas Education Agency, 2012. All Rights Reserved.
8
• Can you explain the
advantages of
specialization?
• Can you identify the
concept of comparative
advantage?
• Can you make distinctions
between an FDI (foreign
direct investment) and an
FPI (foreign portfolio
investment)?
Copyright © Texas Education Agency, 2012. All Rights Reserved.
9
• Specialization
• Does the USA specialize in any goods/services? If yes, what?
• If you/your family comes from another country, does your home country
specialize in any goods/services? If yes, what country and what are the
goods/services?
• Comparative Advantage vs. Absolute Advantage
• Create a Venn diagram comparing and contrasting comparative
advantage vs. absolute advantage.
• FDI and FPI
• Use the following website,
http://www.investopedia.com/tags/International_Markets#axzz1wwlP
GyXO to find an article that addresses either an FDI, and FPI, or both
and do an article review.
Copyright © Texas Education Agency, 2012. All Rights Reserved.
10
Formal Assessment Rubric
Short Answer Test Assessment Rubric
Needs
No Answer
Improvement
0 pts
4 pts
Content
10 pts
No Answer
Did not answer
question.
Organization
10 pts (Answers
are clearly thought
out and
articulated.)
Writing
Conventions
10 pts (Spelling,
punctuation,
grammar, and
complete
sentences.)
No Answer
Did not answer
question.
No Answer
Did not answer
question.
Needs
Improvement
Answers are
partial or
incomplete. Key
points are not
clear. Question
not adequately
answered.
Needs
Improvement
Organization and
structure detract
from the answer.
Needs
Improvement
Displays over five
errors in spelling,
punctuation,
grammar, and
sentence
structure.
Adequate
6 pts
Quality
8 pts
Adequate
Answers are
not
comprehensive
or completely
stated. Key
points are
addressed, but
not well
supported.
Quality
Answers are
accurate and
complete. Key
points are
stated and
supported.
Exemplary
10 pts
Exemplary
Answers are
comprehensive,
accurate and
complete. Key
ideas are
clearly stated,
explained, and
well supported.
Adequate
Quality
Exemplary
Inadequate
organization or
development.
Structure of
the answer is
not easy to
follow.
Organization is
mostly clear
and easy to
follow.
Well organized,
coherently
developed, and
easy to follow.
Adequate
Quality
Exemplary
Displays three
to five errors in
spelling,
punctuation,
grammar, and
sentence
structure.
Displays one to
three errors in
spelling,
punctuation,
grammar, and
sentence
structure.
Copyright © Texas Education Agency, 2012. All Rights Reserved.
Displays no
errors in
spelling,
punctuation,
grammar, and
sentence
structure.
11