|
Global Learning of the Business Enterprise (GLOBE) focuses on international enterprise. The students learn the basics of foreign trade, set up and operate a company, work with students from other nations, and come to appreciate the diversity of business cultures worldwide.
The learning objectives listed beside each activity state the skills and knowledge the students will gain.
|
Topic: Fundamentals of International Trade
Students learn the nature and advantages of bilateral and multilateral trade and are introduced to foreign exchange, trade restrictions, and balance of payments. |
Key Learning Objective
The students will
 describe advantages of international trade
use exchange rates to determine the value of international currencies
demonstrate the effects of international trade on prices
describe the reasons for trade restrictions
define balance of payments
demonstrate principles of business ethics
demonstrate an understanding of world environmental issues |
Topic: Forming a Company and Conducting International Business
Students create and manage a joint-venture business to engage in international trade. |
Key Learning Objectives
The students will
set up an international company
capitalize (funding sources) the company
manage the company
research potential markets
select a product to export that can bring a profit
operate a joint-venture partnership
demonstrate an understanding of the principles of international trade
develop communication and decision-making skills |
Topic: Student Exchange
Students visit their business partners in another country for one week. |
Key Learning Objectives
The students will
demonstrate knowledge of other cultures
work effectively with students from other cultures
exhibit team-building skills
communicate clearly with people from other cultures
show sensitivity to the customs of other cultures
appreciate the diversity of different cultures |
Topic: Management and Economics Simulation Exercise
Students develop strategies for a company that will conduct trade across international boundaries. |
Key Learning Objectives
The students will
interpret tables, graphs, and charts
analyze economic data
organize and present information
communicate effectively
manage a simulated company |
|
GLOBE enhances students learning of the following concepts and skills:
Concepts Absolute advantage Bilateral trade Comparative advantage Currency Customs Demand Diversity Economic development Exchange rates Exports Imports Interdependence International cooperation Joint ventures Management Multinational trade Prices Productive resources Productivity Profit Quota Supply Tariff
Skills Analyzing information Applying information Calculating productivity Classifying Comparing Converting currencies Critical thinking Decision making Distinguishing fact from opinion Drawing conclusions Filling out forms Formulating an argument Giving reports Graphing Inference Interpreting data Interviewing Mathematical interpretation and computation Negotiating Note taking Reading financial statements Research Situational analysis Teamwork
All JA programs have technology enhancements and are designed to support the skills and competencies outlined in the SCANS (Secretarys Commission on Achieving Necessary Skills) report. These programs also augment the school-based, work-based, and connecting activities for communities with school-to-work initiatives.
Company Program |
Economics |
Student Company, MESE & Macroland |
GLOBE |
