| Lesson Plan |
| Grade: |
Date: 03/03/2026 |
| Subject: Economics |
| Lesson Topic: Advantages and disadvantages of restricting free trade |
Learning Objective/s:
- Describe the reasons governments impose trade restrictions.
- Explain at least three advantages and three disadvantages of restricting free trade.
- Analyse the impact of tariffs on consumer welfare, domestic producers, and government revenue.
- Evaluate the short‑term and long‑term effects of trade restrictions using economic concepts.
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Materials Needed:
- Projector and screen for slides/diagrams
- Whiteboard and markers
- Handout summarising advantages, disadvantages, and the comparative table
- Worksheet with discussion questions and tariff calculation exercise
- Printed supply‑and‑demand diagram for annotation
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Introduction:
Begin with a quick poll: “What products do you buy from overseas?” Use responses to highlight students’ reliance on imports. Recall the previous lesson on the benefits of free trade, then state today’s success criteria – students will identify why governments restrict trade, list key pros and cons, and assess economic impacts.
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Lesson Structure:
- Do‑now (5’) – Students list three imported items they use daily on sticky notes and share.
- Mini‑lecture (10’) – Define free trade, trade restrictions, and government motives; present the comparative table.
- Group activity (15’) – In groups, analyse a tariff on steel case study, identifying advantages and disadvantages; complete worksheet.
- Diagram demonstration (8’) – Teacher draws the tariff effect on a supply‑and‑demand graph; students annotate printed copies.
- Guided discussion (10’) – Use discussion questions to debate impacts; groups present arguments.
- Quick check (5’) – Exit ticket: write one advantage and one disadvantage of restricting free trade with a brief justification.
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Conclusion:
Summarise that trade restrictions can protect certain sectors but often raise prices and cause inefficiencies. Collect exit tickets, then assign homework: complete the worksheet and research a real‑world trade restriction to share in the next class.
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