Authentic Assessment Toolbox
created by Jon Mueller

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Mercantilism Case Study

 

Standards

Content:

Students will demonstrate an understanding of the economic system of mercantilism

Process:

Students will write in a clear, coherent manner
Students will analyze data and draw inferences
Students will organize thoughts
Students will logically defend an argument with facts
Students will make decisions based upon a set of facts
Students will cooperate, collaborate, and compromise with classmates
Students will present ideas in an understandable manner to the class

 

General Task Description

In class we have discussed the economic system of mercantilism, and the role it played in the English colonies. Now, you are going to see how mercantilism might function in today’s society. You and several other classmates will be grouped together in order to examine a case scenario about mercantilism. Your group will analyze data, keeping in mind the goals of mercantilism, and then develop a proposal, which you will share with the class.

Task Specifics:
1. In this scenario, the United States Federal Trade Commission (FTC) wants to go back to a system of mercantilism in order to secure more valuable resources for the U.S., and to make the country richer through trade.
2. The mission of your group is to write a proposal for the FTC which explains which nation the U.S. should attempt to colonize and set up a system of mercantilism with.
3. Before you begin to analyze the data, your group should review the following:
-What are the goals of mercantilism (what kinds of things does the “home” country want to import, and what do they want to export, and why)?
-How does mercantilism work?
-What is a favorable balance of trade?
**If your group has trouble answering any of these questions, it will be very difficult to do this analysis correctly!
4. Analyze the data on the following page and determine which of these foreign nations would provide the U.S. with the most gains from a mercantilistic type of relationship (look carefully at all of the data, and keep in mind the goals of mercantilism).
5. Write a proposal to the FTC which includes answers to the following questions:
-Which country should the U.S. start a mercantilistic relationship with?
-Why? Support/explain your answer with the relevant evidence (data).
-How would the U.S. benefit from this relationship?
6. I will randomly select one member of your group to share your proposal with the class.

Criteria:

Your proposal should be clear, understandable, well-organized, and your answer should be supported with facts (data). Your proposal should be free from grammatical or spelling errors, and should be written neatly or typed.


Data for United States FTC Study on Mercantilism

U.S.

Japan

Germany

Brazil

France

Steel Autos

200

150

40

30

40

Wooden Furniture

300

120

100

120

100

Wine

500

400

700

300

700

News- papers

10

12

6

3

5

Clothing

750

500

500

350

400

Iron Ore

300

700

700

200

50

Trees

50

10

60

100

30

Cotton

20

5

10

90

30

Grapes

10

6

50

15

50




Citizens’ Demands:






Country’s Resources:

 

 

Rubric

Criteria

Points

Levels of Performance (Points)

Writing Clarity

Writing is clear and coherent; information and thoughts are well-organized
10 - clear and well-organized 5 - some organization present 0 - disorganized
Spelling and grammar are correct
5 - mistake free 3 - few errors 0 - many errors
Paper is typed or neatly hand-written
5 - very neat 3 - readable 0 - unreadable or very messy
Support

Arguments are supported logically with facts
10 - many facts used; facts help argument 5 - few facts used; moderate support of argument 0 - no facts used
Arguments demonstrate a clear understanding of concepts
10 - arguments are strong 5 - arguments show a moderate grasp of the concepts 0 - arguments do not make sense
Presentation

Presenter(s) demonstrates a necessary degree of seriousness to get his/her point across
3 - demeanor is appropriate 0 - demeanor is inappropriate
Eye contact is made during the presentation; voice is loud enough to hear
3 - strong eye contact 0 - no eye contact
Presenter(s) demonstrates a clear understanding of the concepts and explains information clearly to the class
5 - clear understanding demonstrated 3 - moderate understanding 0 - does not understand concepts
Presenter(s) understands and can pronounce all words in the presentation correctly
3 - all words are understood and pronounced correctly 0 - many words are not understood or pronounced correctly
Raw Score = /54 Final Score = /27 (Final Score = Raw Score X .5)

 



 
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Copyright 2011, Jon Mueller. Professor of Psychology, North Central College, Naperville, IL. Comments, questions or suggestions about this website should be sent to the author, Jon Mueller, at jfmueller@noctrl.edu.