Mutually Beneficial Exchange Lesson Plan - International Trade

This FREE economics lesson plan introduces Trade and Mutually Beneficial Exchange through videos, interactive exercises, and classroom activities.

This step-by-step 45-minute lesson has everything you need to use it immediately, including activity sheets, Google slides, and answer key. We also include ways for you to tailor the lesson to your class by providing additional resources like assessment questions, teacher tips, and engaging extension activities. 

Learning Objectives

Students will be able to:

• Define preference differences and explain how it relates to trade.
• Explain how voluntary trade makes both parties wealthier (mutually beneficial exchange).
• Evaluate how market size impacts opportunities to trade. 

Economic Concepts Introduced

• Mutually beneficial exchange is a trade where both parties benefit. 
• Money is anything that can easily be used to buy goods and services.
• Preference Differences is when individuals differ in their valuation of goods and services