aidemia--modules-lessonstartideas_type	Give a creative idea how to begin a lesson
Which subject	Business
What age group	College
What topic	Tariffs
Quantity	1
Any other preferences

Introduction to Tariffs: The Economic Skydiving Experience

Objective

To engage students in the complex topic of tariffs by encouraging them to think critically about the implications, applications, and reactions to tariff policies in a fun and interactive way.

Warm-up Activity: Skydiving into Trade

Scenario

Imagine you're about to jump out of a plane during a thrilling skydiving experience. You have a parachute that allows you to navigate the winds and control your descent. In this scenario, the open sky represents global trade, and your parachute symbolizes tariffs.

Instructions

1. Form Groups: Divide the class into small groups of 4-5 students each.

2. Distribute Responsibilities: Each group will be given a unique “skydiver” profile, including characteristics such as country of origin, main industries, and level of economic development.

3. Discuss Freefall or Parachute: Each group will decide whether their skydiver (country) will jump without a parachute (free trade) or deploy a parachute (implement tariffs).

4. Creative Presentation: Groups will present their decision on a skydive style board (poster) outlining:

   • The type of tariffs they chose (e.g., protective, revenue, anti-dumping).
   • Reasons for their choice and expected outcomes.
   • Potential reactions from other countries (e.g., retaliatory tariffs and trade wars).

Timing

• 10 Minutes for Group Discussion: Encourage teams to strategize and articulate their viewpoints.
• 5 Minutes for Presentations: Each group will briefly explain their scenario, choices, and anticipated outcomes.

Transition to Lesson Content

After the presentations, connect each group’s choices to real-world examples. Discuss how tariffs can be seen as a tool for economic protection or as a catalyst for conflict in international relations.

Key Questions for Discussion:

• How did the choice of tariffs or no tariffs impact your skydiver’s landing?
• In what ways does this scenario reflect current trade relations and tariff policies among nations?
• How might unexpected factors (such as global economic downturns or pandemics) affect trade decisions?

Through this engaging approach, students will gain a foundational understanding of tariffs, setting the stage for further exploration into their economic implications in modern society.