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The Theory of Comparative Advantage Lesson PlanThe Theory of Comparative Advantage Lesson Plan
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Lesson Plan

The Theory of Comparative Advantage

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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 calculate comparative and absolute advantage as they engage in trade.

41 Views 63 Downloads
Concepts

comparative advantage

Additional Tags

comparative advantage, economics lessons, trade issues, social studies
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Resource Details

Grade
10th - 12th
Subjects
Social Studies & History
3 more...
Resource Type
Lesson Plans
Audience
For Teacher Use
Instructional Strategy
Simulation

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Worksheet

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Khan Academy: Comparative Advantage and the Gains From Trade

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Practice what you have learned about calculating absolute advantage and comparative advantage, and how to use comparative advantage to determine who should specialize in the production of one good or the other.
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