Comparative Advantage and Gains from Trade

Introduce your young economists to the concepts of international trade and comparative advantage with Mr. Clifford, a fantastic and tech-savvy economics instructor who uses video to teach economic concepts in an engaging and...

Walk your learners step-by-step through the process of creating a comparative advantage chart with a sample problem involving the production of cars and rice on a production possibilities curve.

In the fourth episode of 60-second video clips on economics, you will review the principle of comparative advantage with your learners, explaining the benefits of international free trade as countries specialize and export their...

Do companies work better when everyone works on everything, or when each person or department focuses on one specialized task? Explore the benefits of specialization and trade in the modern global economy with a explanatory video.

Students take a closer look at comparative advantage. For this economics lesson, students discover details about opportunity cost, comparative advantage, and absolute advantage. Students participate in a simulation that requires them to...

Several graphs help to illustrate the dynamics of international trade in this slideshow. World prices, imports and exports, and the economic impact of tariffs are detailed in the presentation, along with arguments for free trade and the...

Who were Aaron Burr and Alexander Hamilton? High schoolers examine the character traits of these historical figures and watch the video, The Duel. Hamilton vs. Burr: An Event that Changed History (available from PBS), to gain...

Twelfth graders examine the theory of comparative advantage. They read an article about globalization and trading to answer questions promoted by the teacher. They develop their own examples of comparative advantage.

This document or that? Historians compare crucial documents from both the American and French Revolution to gain a better understanding of the purpose and impact the documents had on each nation. Academics read excerpts from both...

Learners learn the how trade impacted the colonial economy. They analyze the the benefits of NAFTA and learn the advantages to both the United States and Mexico.