opec and the oecd

Geography:BrainGym

Explain what is meant by the

Least Development Countries

Explain what is meant by the

Least Development Countries

What’s the difference between a

preferential and a free trade area?

Explain what is meant by the

Least Development Countries

What’s the difference between a

preferential and a free trade area?

What’s the difference between a

common market and custom

union?

What are the three income

groups used by the world bank?

What are the three income

groups used by the world bank?

Who are the G7 members?

What are the three income

groups used by the world bank?

Who are the G7 members?

Why is the Russian Federation

no longer a member?

Does Europe have a president?

Does Europe have a president?

Which types of trade blocs share

common tariffs on imports?

Does Europe have a president?

Which types of trade blocs share

common tariffs on imports?

Name a historical figure in

favour of a federated Europe

Learning Objective

Explain the key differences between the global groups

OPEC and the OECD

By the end of this lesson I will be able to…

The wealth of OPEC nations is built on the

price of a barrel of oil

The early days of extraction

meant that Oil was very

expensive

Many years of steady prices

encouraged car ownership and industrial use

of oil

The 1973 Oil Embargo

triggered a three day working week

and blackouts

North Sea Oil and the Gulf War brought prices back

down

The global economic

recession has seen oil prices skyrocket once

more

OPEC Members

Using Gapminder we can assess how

wealthy OPEC members are and what

this means for peoples life expectancy

Organisation of Petroleum

Exporting Countries

Does being a rich nation ensure a

high quality of life for everyone?

Is the price of Oil stable or

does it fluctuate wildly?

Is OPEC membership based

around geophysical

proximity or ethnolinguistic

homogeneity?

What’s the link between wealth

and OECD membership?

Given their

membership, who

would they be

offering advise to?

The OECD is an advisory

group specialising in

education and economics

The conduct extensive

monitoring to allow

comparisons to be made

Findings from the 2012

PISAProgramme of International

Student Assessment

Research Tasks

Find a trade flow map showing

petroleum exports from OPEC

members to other countries.

Group the countries importing

petroleum based on whether they

are G7, HIC, MIC, BRIC or MINT

Explain the key differences

between the global groups

OPEC and the OECD

Can you

?