Lesson Plan

Resources → Subject Notes → Business Studies → Notes
Lesson Plan
Grade: Date: 17/01/2026
Subject: Business Studies
Lesson Topic: effects of import tariffs and import quotas on businesses
Learning Objective/s:
  • Describe how import tariffs affect business costs and pricing.
  • Explain the impact of import quotas on supply, pricing, and flexibility.
  • Compare and contrast tariffs and quotas regarding predictability and benefits to domestic producers.
  • Analyse strategic responses businesses can take when faced with these trade barriers.
  • Evaluate the role of trade barriers in the context of globalisation.
Materials Needed:
  • Projector and screen
  • Whiteboard and markers
  • Printed handouts of the tariff/quota comparison table
  • Case‑study worksheets
  • Sticky notes for the opening activity
  • Laptop with internet access for research
 Introduction:
Begin with a quick poll asking students to name two ways globalisation helps businesses. Link these advantages to the need for international trade and then pose the question: “What happens when governments restrict that trade?” Outline that by the end of the lesson students will be able to identify and compare the effects of tariffs and quotas and suggest business responses.
Lesson Structure:
  1. Do‑now (5’) – Students write one advantage of globalisation on a sticky note and share.
  2. Mini‑lecture (10’) – Define globalisation, introduce trade barriers, and display the comparison table.
  3. Guided analysis (15’) – Pairs work through the steel‑tariff case study, answering questions on cost impact and strategic options.
  4. Group discussion (10’) – Whole‑class comparison of tariff vs. quota effects using the chart; teacher facilitates.
  5. Interactive activity (10’) – Teams create a flowchart showing the ripple effect of an import tariff; present to class.
  6. Check for understanding (5’) – Quick Kahoot quiz on key differences.
  7. Summary & exit ticket (5’) – Students write one key takeaway and one lingering question on a slip of paper.
Conclusion:
Recap the main ways tariffs and quotas influence costs, pricing, and business strategy, highlighting the strategic choices firms can make. Collect exit tickets to gauge understanding, and assign homework: research a recent real‑world tariff or quota and write a short paragraph explaining its impact on a specific business.