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The Principle of Comparative Advantage Instructional VideoThe Principle of Comparative Advantage Instructional Video
Publisher
ouLearn
Resource Details
Curator Rating
Educator Rating
Not yet Rated
Grade
11th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Instructional Videos
Media Length
1:23
Audiences
For Teacher Use
1 more...
Instructional Strategy
Direct Instruction
Technology
Video
Projection
Internet Access
Usage Permissions
Fine Print
Instructional Video

The Principle of Comparative Advantage

Curated and Reviewed by Lesson Planet
This The Principle of Comparative Advantage instructional video also includes:
  • 60 Second Adventures in Economics (combined)
  • Graphic & Image
  • Join to access all included materials

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 surpluses to the benefit of a global economy.

17 Views 15 Downloads
CCSS: Adaptable

Additional Tags

free trade agreement, social studies

Classroom Considerations

  • This video is hosted on YouTube

Pros

  • Concept illustrated with well-designed comic graphics and animations
  • Would work well as very brief introduction or summary

Cons

  • None

Common Core

RH.11-12.2 RH.11-12.7

See similar resources:

Worksheet

Comparative Advantage and Gains from Trade

Curated OER
Using a formula and several economic scenarios, learners answer six problem solving questions and finish a graph. They will use this worksheet to better understand comparative advantage and economic gains made through trade.
11th - 12th Social Studies & History
Lesson Plan

The Single Market and Free Trade

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What are the benefits of a single EU market? Class members conclude their examination of the European Union by focusing on the single market concept designed to bring down barriers, create more jobs, and increase prosperity.
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Lesson Plan

The Destruction and Rebuilding of the World Trade Center

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How did an investigation into the causes of the collapse of the Twin Towers, as a result of the 9/11 attacks, inform the construction of the new 1 World Trade Center? That is the central question of a resource that asks class members...
9th - 12th Social Studies & History
CCSS: Designed
Instructional Video

Comparative Advantage and Terms of Trade

Jacob Clifford
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...
4 mins 11th - 12th Social Studies & History
CCSS: Adaptable
Instructional Video

Comparative Advantage: Econ Concepts in 60 Seconds

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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.
4 mins 11th - 12th Social Studies & History
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Instructional Video

Specialization and Trade

Crash Course
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.
9 mins 9th - 12th Social Studies & History
Lesson Plan

The Theory of Comparative Advantage

Curated OER
Students take a closer look at comparative advantage. In this economics lesson, students discover details about opportunity cost, comparative advantage, and absolute advantage. Students participate in a simulation that requires them to...
10th - 12th Social Studies & History
Lesson Plan

Chapter 37: International Trade

Curated OER
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...
10th - 12th Social Studies & History
Lesson Plan

Trade -- Lesson Plan on the Theory of Comparative Advantage

Curated OER
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.
12th Social Studies & History
eBook

Principles of Microeconomics: Scarcity and Social Provisioning

Open Oregon Educational Resources
There’s no such thing as a free economics course, but here's a resource that is as close as you can get. Drawing on the expertise of a textbook, augmented by input from higher education economics instructors, a helpful eBook presents a...
11th - Higher Ed Social Studies & History
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