Standards - Career & Technical Education

Explain concepts of global trade and investments.

Explain the advantages of specialization.

Describe the concept of comparative advantage.

Distinguish between portfolio investment and direct investment.

Characterize the position of the United States in global trade.

Explain the importance of global financial markets.

Explain how a foreign exchange market functions and how to employ forwards and futures contracts to reduce e-rate risks.

Identify the economic factors that influence exchange rates and explain how these factors work.

Differentiate among alternative strategies of global banking.

Explain how a strong“ or appreciated dollar is detrimental to U.S. export sales while a “weak” or depreciated dollar tends to increase U.S. sales to foreign markets.“

Research and present information on the effects of world events on global financial markets.

Describe the short-term and long-term impacts of pandemics on international supply and demand.

Analyze the role of the international monetary system in global finance.

Describe the role of the International Monetary Fund.

Differentiate between floating exchange rates and fixed exchange rates.

Outline the impact of the common European currency on the global financial system.

Read and calculate currency foreign exchange rates both manually and using an online currency converter.

Identify labor issues associated with global trade.

Research the importance of environmental and labor standards in global trade and share findings with peers.

Investigate the impact of global finance on wages, jobs, and the cost of living, and share the results.

Explain the nature of legal recourse and ethical decision-making in resolving global business disputes.

Enumerate the causes of international trade disputes.

Summarize the methods used to resolve international business disputes.

Identify trade barriers and explain their positive and negative effects on governments and businesses.

Explain the importance of different trade investment policies and fair trade.

Describe the role of foreign aid in global trade and investment.

Summarize the goals of the General Agreement on Tariffs and Trade (1947), the North American Free Trade Agreement, and the United States-Mexico-Canada Agreement.

Summarize laws that control and regulate global financial markets.

Discuss the role of U.S. and international law in the conduct of global finance, including the Foreign Corrupt Practices Act.

Summarize the current environment for business in a multinational marketplace.

Investigate the role of the World Bank Group.

Assess international investment strategies and explain how businesses can be competitive in a global environment.

Compare and contrast the characteristics of global and national financial risk management.

Identify categories of risk.

Explain processes used to address risk-management issues.