Unit 1: ECONOMIC PURSUITS – PROTECTIONISM & FREE TRADE

Introduction

International trade creates a bigger market for a country to sell goods but also means that local industries may have to compete with imported goods in the local market. Countries can follow international trade policies such as export promotion, import substitution, protectionism, free trade, or a mixture of international trade policies.

Overview

The focus is to evaluate South African international trade policies and major protocols in terms of export promotion, import substitution, protectionism, or free trade, and to evaluate South African international trade policies and major protocols.

Specific Objectives

• Use various teaching methodologies and assessment techniques to expose the participants to how to evaluate South African international trade policies and major protocols in terms of export promotion, import substitution, protectionism, or free trade.
• Demonstrate various assessment techniques to expose the participants to questions of middle and higher cognitive levels.
• Give the participants the opportunity to design formative assessment activities that meet the standards set in the 2021 Examination Guideline.
Content (big Ideas on the topic)

You will study this module through the following units:

Unit 1: Protectionism & Free trade