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Global Trade

CONCEPTUAL
Life SkillsMoney & Finance|Ages 9—11|ID: mt_0Rx1ISxXFE

Why countries trade with each other; imports and exports; how goods travel around the world; that different countries use different currencies

Mastery Evidence

  • Explain why countries buy goods from other countries (they can't make everything themselves)
  • Give examples of imported and exported products from their own country
  • Explain that different countries use different currencies and you need to exchange money when travelling

Assessment Prompt

“If [child] looked at the labels on items in your kitchen, could they explain why so many things come from different countries?”

Prerequisites2

Show full prerequisite tree
  • Fair Trade & Ethics soft

    Fair trade awareness extends naturally to understanding global trade

    • Needs & Wants soft

      Needs vs wants thinking extends to ethical consumer choices

      • What Money Is hard

        Must understand money exists and is limited before distinguishing needs from wants

    • Buying Things hard

      Must understand buying before considering where products come from and who made them

      • Coins & Notes hard

        Must recognise coins/notes and their values before practising buying transactions

        • Coin Values soft

          Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge

          • Reading and writing numbers to 20 hard

            Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)

            • How Many in Total? hard

              Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)

              • One-to-one counting hard

                Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'

            • Writing digits 0-9 hard

              Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)

        • What Money Is hard

          Must understand what money is before learning to recognise specific coins and notes

      • What Money Is hard

        Must understand money as exchange medium before practising transactions

  • How the Economy Works hard

    Must understand basic economics (supply/demand, producers/consumers) before exploring international trade

    • Jobs People Do hard

      Must know about jobs/work before understanding producers and consumers in an economy

      • What Money Is soft

        Understanding money as exchange helps connect jobs to earning

    • Advertising & Spending soft

      Advertising knowledge helps understand how markets influence behaviour

      • Needs & Wants hard

        Must understand needs vs wants to critically evaluate advertising

        • What Money Is hard

          Must understand money exists and is limited before distinguishing needs from wants

      • Buying Things soft

        Buying experience provides context for understanding advertising pressure

        • Coins & Notes hard

          Must recognise coins/notes and their values before practising buying transactions

          • Coin Values soft

            Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge

            • Reading and writing numbers to 20 hard

              Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)

              • How Many in Total? hard

                Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)

                • One-to-one counting hard

                  Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'

              • Writing digits 0-9 hard

                Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)

          • What Money Is hard

            Must understand what money is before learning to recognise specific coins and notes

        • What Money Is hard

          Must understand money as exchange medium before practising transactions

    • Buying Things hard

      Must understand buying/selling before grasping supply and demand

      • Coins & Notes hard

        Must recognise coins/notes and their values before practising buying transactions

        • Coin Values soft

          Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge

          • Reading and writing numbers to 20 hard

            Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)

            • How Many in Total? hard

              Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)

              • One-to-one counting hard

                Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'

            • Writing digits 0-9 hard

              Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)

        • What Money Is hard

          Must understand what money is before learning to recognise specific coins and notes

      • What Money Is hard

        Must understand money as exchange medium before practising transactions

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