SHS3 Economics · Semester 2 Week 18: Agriculture, Industrialization, and Trade

Lesson notes

Learning Objectives

Indicator: 3.4.3.LI.2 - Calculate exchange rate for major trading currencies.

By the end of the lesson, learners can:

Define exchange rate and distinguish between currency appreciation and depreciation.
Identify the major trading currencies used in Ghana’s international trade (US Dollar, British Pound, Euro, CFA Franc, Chinese Yuan, Nigerian Naira).
Convert from Ghana cedis (GHS) to foreign currencies using given exchange rates.
Convert from foreign currencies to Ghana cedis (GHS) using given exchange rates.
Solve multi-step problems involving exchange rate calculations, including buying and selling rates, and interpret the results in real trade situations.

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Curriculum details

Strand: Government Economic Policy and Trade (Strand 4)
Sub-strand: Agriculture, Industrialization, and Trade (4.3)
Content standard: 3.4.3.CS.2 - Demonstrate knowledge and understanding in free and external trade and exchange rate. 3.4.3.LO.1 Use relevant information in the environment to examine the connection between Agriculture and Industry. 3.4.3.LO.2 Compare and contrast free and external trade and analyse the exchange rate.
Indicator: 3.4.3.LI.2 - Calculate exchange rate for major trading currencies.
Suggested placement: Semester 2, Week 18 (Week 38 of the year)
Our suggestion, laid out in curriculum order across three terms of twelve weeks. NaCCA does not fix the week, so follow your school's scheme of learning.
Curriculum reference: NaCCA curriculum document, p. 122

Exemplars (from the NaCCA curriculum)

Experiential Learning: Embark on a study tour to a nearby bank or foreign bureau or watch a video on banks or foreign bureau to identify the various currencies that Ghana trade in and do a presentation in mixed gender and ability groups. Through Experiential learning, specifically, role-play, learners demonstrate gender-responsive behaviour and develop the ability to tackle injustice. Learners learn to respect, appreciate and tolerate one another.
Assessment (3.4.3.AS.2). The document marks these depth-of-knowledge levels for this indicator: Level 3 Strategic reasoning.
Teaching and Learning Resources:
- Markers
- White board
- Computers
- Internet
- CDs or pen drives
- Projectors, or TVs
- Fuel
- School bus
- Permission letters