JA Global Marketplace Blended Model introduces students to the global marketplace and how countries buy and sell from each other. By completing this program, students understand producers and consumers in the interconnected global market. They analyze the similarities and differences among countries and the effects of free enterprise.
JA Global Marketplace is recommended for 6th to 12th grades. The program is blended, available in classroom-based and remote synchronous implementation. It consists of seven 45-minute sessions and offers two implementation options:
- Basic implementation includes Sessions One–Six delivered by the volunteer.
- Advanced implementation includes Sessions One–Six delivered by the volunteer and Session Seven delivered by the teacher or volunteer.
The students will learn about the relationship between businesses and their customers and the mutually beneficial exchange of products and services. As they explore the global marketplace, students connect well-known products and businesses to their countries of origin.
The students will learn that businesses must understand cultural differences to meet customers’ needs and make a profit in different countries. By examining the different habits of international customers, students learn about international etiquette and broaden their perspectives.
The students will learn that businesses trade to obtain products and services that customers want or need. Students learn about imports and exports, examine the ways technology has improved international trade, and participate in a global trade game.
The students will learn that modern countries cannot provide all of the products and services that their people want and need. Therefore, businesses in different countries focus on specializing in specific resources or producing smaller parts of a product. Students look at examples of specialized global manufacturing, discuss how it affects trade, and consider the trade-offs of interdependence.
The students will explore the types of restrictions governments place on international trade. They learn about tariffs, quotas, subsidies, and standards and how these barriers affect governments, businesses, and customers.
The students will explore the concept of international currencies. They learn about variable exchange rates, currency converters, and how to compare the prices of products from around the world.
The students will take on the role of international business owners, reviewing the skills and experience of potential employees to learn about skills required to be competitive in the global marketplace.