Economic Decision Making
This strand examines trade relationships within the Caribbean and with external partners, analyzes changes in agriculture since 1900, explores transportation and communication networks, and investigates the movement of people, goods, and services throughout the region.
Grade Five Expectations for Economic Decision Making
Essential Learning Outcome: Caribbean Trade Relationships
To understand how the Caribbean trades with regional and international partners and the impact of these relationships.
- Identify major trading partners of Caribbean countries
- Understand the concept of imports and exports
- Explore regional trade through CARICOM and other agreements
- Analyze the benefits and challenges of international trade
- Understand the role of ports and trade infrastructure
- Examine how trade affects local economies and employment
Focus Questions:
Who are the Caribbean's main trading partners?
What products does the Caribbean export and import?
How does regional trade benefit Caribbean countries?
What challenges do small island economies face in international trade?
Specific Curriculum Outcomes
By the end of Grade Five, the learner will be expected to:
Inclusive Assessment Strategies
Assessment strategies that provide information about learning:
- Observations: Monitor economic analysis skills, data interpretation, and collaborative research
- Conversations: Economic discussions, trade debates, agricultural interviews, development planning
- Products: Trade maps, agricultural timelines, economic reports, development proposals, business plans
Sample Assessment Tools:
- Economic analysis rubrics
- Data interpretation checklists
- Research project evaluation guides
- Presentation assessment criteria
- Problem-solving skill assessments
Inclusive Learning Strategies
Additional Resources and Materials
Digital Resources
- Caribbean trade statistics databases
- Agricultural development documentaries
- Transportation network mapping tools
- Economic development case studies
- Migration pattern visualization tools
- Business simulation software
- Economic indicator tracking websites
- Virtual port and airport tours
Physical Materials
- Economic maps and charts
- Agricultural samples and tools
- Trade flow diagrams
- Transportation models and maps
- Economic data collection sheets
- Business planning templates
- Calculator and graphing materials
- Presentation supplies for projects
Teacher Content Knowledge
Caribbean trade relationships have evolved from colonial patterns focused on raw material exports to more diversified economies. Major trading partners include the United States, European Union, Canada, and increasingly, Latin American countries. Regional trade through CARICOM has grown, though challenges remain in achieving full economic integration.
Caribbean agriculture has undergone significant transformation since 1900. The decline of sugar plantations led to diversification into crops like bananas, citrus, cocoa, and spices. Modern challenges include climate change, competition from larger producers, and the need for sustainable farming practices to ensure food security.
Transportation and communication networks are crucial for Caribbean economic development. Inter-island connectivity remains challenging due to geography and costs. Major airports and seaports serve as economic hubs, while digital communication has opened new opportunities for service exports and remote work.
The movement of people, goods, and services reflects the Caribbean's integration with global markets. Migration has created a significant diaspora that contributes through remittances and knowledge transfer. Tourism represents a major service export, while the region increasingly participates in global value chains for manufacturing and services.