Business and the international economy Lesson Plan IGCSE Business Studies

Lesson Plan
Topic: Business and the international economy- ‘MS word doc.’
Lesson Objective: are shared with the students for awareness and expectation of lesson outcome.
At the end of the lesson, the students will be able to;
The importance of Globalisation: •• The concept of Globalisation and the reasons for it.
•• Opportunities and threats of Globalisation for businesses.
•• Why governments might introduce import tariffs and import quotas.
Reasons for the importance and growth of multinational companies (MNCs):
•• Benefits to a business of becoming a multinational and the impact on its stakeholders.
•• 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 (exchange rate calculations will not be assessed)

NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson by adjusting up the objectives, Plenary and lesson starter etc.