EU – Economic Policies
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EU – Economic Policies EU – Economic Policies
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EU – Economic Policies. Day 2 – Economic Effects of the EU. Turn to the page right after your EU – Background Page Title it EU – Economics 3. Record the Economic Key Question below. Economic Key Question: Why is the EU considered a cooperative trade zone?. - PowerPoint PPT Presentation
Transcript of EU – Economic Policies
EU – Economic PoliciesEU – Economic Policies
Day 2 – Economic Effects of the EU
1.1. Turn to the page right after your EU – Turn to the page right after your EU – Background PageBackground Page
2.2. Title it EU – Economics Title it EU – Economics
3. Record the Economic Key Question below. 3. Record the Economic Key Question below.
Economic Key Question: Why is the EU Economic Key Question: Why is the EU considered a cooperative trade zone? considered a cooperative trade zone?
• Directions: On your European Union – Economics page, create and complete the Frayer Model below.
COMMON
MARKET
2. Definition countries reduce or remove trade barriers.
3. What are the effects of a common market?
4. Sketch
Help Leave this portion blank and complete it as you go through the slides.
Euro – The common currency of the European Union
• Directions: On your European Union – Economics page, complete the Frayer Model below.
COMMON
MARKET
2. Definition countries reduce or remove trade barriers.
3. What are the effects of a common market?
Increases trade by using the euro,
4. Sketch
• Directions: On your European Union – Economics page, please record the questions below.
EURO
1. How does the Euro help trade between countries who use it?
• Directions: On your European Union – Economics page, complete the Frayer Model below.
COMMON
MARKET
2. Definition countries reduce or remove trade barriers.
3. What are the effects of a common market?
Increases trade by using the euro, eliminating taxes,
4. Sketch
• Directions: On your European Union – Economics Directions: On your European Union – Economics page, please record the definitions and questions page, please record the definitions and questions below. Use the graph on the next slide to answer below. Use the graph on the next slide to answer the questions.the questions.
TRADE BLOCTRADE BLOC
Trade Bloc – a group of countries that act Trade Bloc – a group of countries that act together to increase their influence over together to increase their influence over world trade.world trade.
1.1. The EU’s influence is comparable to which The EU’s influence is comparable to which major economic power? major economic power?
2.2. Create a real-life situation where the EU is Create a real-life situation where the EU is acting as a trade bloc.acting as a trade bloc.
GDP (in trillions of US dollars)
1050
Japan
China
EU
US
Gross Domestic Product of the Top Four Economic Powers, 2002
Germany France UK ItalyOther EU nations
Spain
1. Sketch the graph below.
2. Answer question #1 from the previous slide.
• Directions: On your European Union – Economics page, complete the Frayer Model below.
COMMON
MARKET
2. Definition countries reduce or remove trade barriers.
3. What are the effects of a common market?
Increases trade by using the euro, eliminating taxes, and creating a trade bloc.
4. Sketch
• Directions: On your European Union – Directions: On your European Union – Social page, please record the definitions Social page, please record the definitions and questions below. Use the graph on the and questions below. Use the graph on the next slide to answer the questions.next slide to answer the questions.
IMMIGRATIONIMMIGRATION
1. Which countries make the largest contribution to the GDP of the EU?
2. How will this affect immigration to those countries?
• Directions: On your European Union – Economics page, please record the definitions below.
• Wage Differences
People in Eastern Europe are paid less for doing the same work as people in Western Europe.
1. How does this effect migration in the EU?
2. If you owned a business, where would you locate your secondary activities? Explain why.
