Strand – The Global Environment for Business – Supply Management
Intended Audience
(Check one) / X / Teacher only / All Audiences (teachers, learners, parents) for all Audiences
Description of resource / The lesson helps students of International Business to develop an understanding of supply management and its affect on international partnership, demand & supply and price.
Supply management is the mechanism by which milk, poultry and egg farmers in Québec and Canada adjust their production in order to meet local consumer needs. Products are mainly intended for the domestic market and not as exports.
Key Terms (list up to 10) / Financial Literacy, supply management, Trans Pacific Partnership, WTO, trade barriers, milk quota, price fixing, demand and supply, poultry, eggs
Association / OBEA (Ontario Business Educators’ Association)
Creation Date / 2012
Grade(s) / 12
Subject(s) / International Business Fundamentals BBB4M
Strand(s) / The Global Environment for Business
Overall expectation(s) / demonstrate an understanding of the factors that influence a country's ability to participate in international business
Teaching/Learning Strategies (Check up to four) / * / Activity-Based Strategies
Arts-Based Strategies
* / Cooperative Strategies
Direct Instruction Strategies
* / Independent Learning Strategies
Inquiry and Research Models
Learning Styles
Technology/Media-Based Applications
* / Thinking Skill Strategies
Resource Type (Optional)
(check one) / Assessment / Lesson
Best practice / Lesson plan *
Collection / Map
Computer activity / Module or unit
Course / Policy or procedure
Data set / Project
Demonstration / Reference
Educator’s guide / Report
Exercise / Simulation
Experiment / Summative task
Form / Syllabus
Glossary / Text
Guidelines / Tutorial
Index or bibliography / Visual aid
Learning Style(s)
(Check up to four) / Bodily-Kinaesthetic intelligence
* / Interpersonal intelligence
* / Intrapersonal intelligence
* / Logical-Mathematical intelligence
Musical-Rhythmic Intelligence
Naturalist Intelligence
Verbal-Linguistic Intelligence
Visual-Spatial Intelligence
Software/Hardware Requirements (Optional) / Access to the internet
Financial Literacy Lesson Plan 2012-Business Studies-International Business Grade 12 BBB4M
Financial Literacy Lesson Plan Template
Connections to Financial LiteracyThe Economy
- The production and distribution of goods and services
Unit #: Day #: (Title) / Subject/Course Code/Title/Curriculum Policy
Curriculum Expectations
/Learning Goals
International Business Fundamentals BBB4MStrand – The Global Environment for Business
Overall Expectations
- demonstrate an understanding of the factors that influence a country's ability to participate in international business;
Specific Expectations
- analyse the rationale for, and the impact of, Canadian government initiatives and policies relating to international trade (e.g.,taxation, trade barriers, investment). / To develop an understanding of supply management and its effect on international partnership, demand & supply and price.
Instructional Components and Context
Readiness
Students should have an understanding of Strand 1 Business, Trade, & the Economy
Terminology
tariff, supply management, Trans Pacific Partnership, tax transfer system, WTO, milk quota, price fixing. /Materials
Attached assignmentInternet access
Minds On Establishing a positive learning environment
Connecting to prior learning and/or experiences
Setting the context for learning / Connections
Explicitly label:
Assessment for learning
Assessment as learning
Assessment of learning
Explicitly identify planned differentiation of content, process, or product based on readiness, interest, or learning
Description
Whole Class Discussion
Retell, Relate, Reflect
Have students read the article, “THE $25,000 COW”In MacLean’s magazine.
As a class briefly discuss the article allowing students to ask questions and give opinions. Explain terminology.
Watch as a class the program, The Agenda with Steve Paikin: “FOOD AND THE MARKET”.
TVO – THE AGENDA
FOOD AND THE MARKET
/ Invite a local farmer (dairy, eggs, or poultry) to your class to discuss supply management.
Dairy Education Program
This is an educational program sponsored by Dairy Farmers of Ontario. Teachers in Ontario are invited to have a Dairy Educator present to their classroom. Their role is to educate students in the areas of dairy farming in a manner, which is consistent with the latest Ontario Curriculum.
Dairy Farmers of Ontario 905-821-8970 ext.274
AaL – assessment as learning
Action!
Introducing new learning or extending/reinforcing prior learning
Providing opportunities for practice and application of learning (guided > independent)
Description
Individual Drawing Conclusions
Complete the handout, “Template for Drawing Conclusions” under “I View” record related information while watching the program. After the program complete “I Think”, “Therefore” and “real-life experiences”. Take some time and ask students to share with the class their conclusions and experiences. / AfL – assessment for learning
Consolidation
Providing opportunities for consolidation and reflection
Helping students demonstrate what they have learned
Description
Individual/Groups of Three Think/Pair/Share
Questions
Answer in groups of 3 (think/pair/share) the answers to the following
questions. (use resources available, textbooks, internet, library, dictionary)
Define the following, tariff, supply management, Trans Pacific Partnership, tax transfer system, WTO, milk quota, price fixing.
Why does Canada want to be part of the “Trans Pacific Partnership”?
What are the advantages and disadvantages of “Supply Management”?
Do you agree with supply management for dairy products (milk, cheese, butter), eggs and poultry (chickens & turkeys) in Canada?
Andrew Coyne in the MacLean’s magazine article, “The $25,000 cow”, sums up by saying, “Canada’s system of supply management has led to higher prices, fewer farms, less product innovation, and general inefficiency up and down the value-added chain.” Do you agree with Andrew Coyne? Why or Why not? Explain.
The Canadian Restaurant and Food Services Association says the average price of four litres of milk in Canada is $5.92 compared to $3.38 in the U.S. Some believe the U.S. price is lower because of U.S. government subsidies to dairy farmers. Comment.
Some Canadian consumers argue they don’t mind paying a little more since supply management provides them with a safe domestic supply of milk, eggs, and poultry. Comment.
Individual Evaluation Students submit a one page opinion piece on supply management. / AfL – assessment for learning
AoL: Teacher will evaluate student’s submission
Financial Literacy Lesson Plan 2012-Business Studies-International Business Grade 12 BBB4M
I view
Record related information /I think
What do you think the article/video implies? What do you think is being said in the article/video?Therefore…
- conclusion based on all of the information gathered and your prior knowledgeTemplate for Drawing Conclusions
What real-life experiences have you had that would verify the conclusion?
______
Financial Literacy Lesson Plan 2012-Business Studies-International Business Grade 12 BBB4M
SUPPLY MANAGEMENT
Have students read the article, “THE $25,000 COW”
In MacLean’s magazine.
As a class briefly discuss the article allowing students to ask questions and give opinions. Explain terminology.
Watch as a class the program, The Agenda with Steve Paikin: “FOOD AND THE MARKET”.
TVO – THE AGENDA
FOOD AND THE MARKET
Complete the handout, “Template for Drawing Conclusions” under “I View” record related information while watching the program. After the program complete “I Think”, “Therefore” and “real-life experiences”. Take some time and ask students to share with the class their conclusions and experiences.
Questions
Answer in groups of 3 or 4 (think/pair/share) the answers to the following
questions. (use resources available, textbooks, internet, library, dictionary)
Define the following, tariff, supply management, Trans Pacific Partnership, tax transfer system, WTO, milk quota, price fixing.
Why does Canada want to be part of the “Trans Pacific Partnership”?
What are the advantages and disadvantages of “Supply Management”?
Do you agree with supply management for dairy products (milk, cheese, butter), eggs and poultry (chickens & turkeys) in Canada?
Andrew Coyne in the Maclean’s magazine article, “The $25,000 cow”, sums up by saying, “Canada’s system of supply management has led to higher prices, fewer farms, less product innovation, and general inefficiency up and down the value-added chain.” Do you agree with Andrew Coyne? Why or Why not? Explain.
The Canadian Restaurant and Food Services Association says the average price of four litres of milk in Canada is $5.92 compared to $3.38 in the U.S. Some believe the U.S. price is lower because of U.S. government subsidies to dairy farmers. Comment.
Some Canadian consumers argue they don’t mind paying a little more since supply management provides them with a safe domestic supply of milk, eggs, and poultry. Comment.
Financial Literacy Lesson Plan 2012-Business Studies-International Business Grade 12 BBB4M