Trade -- Lesson Plan on the Theory of Comparative Advantage

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.

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.

Can we eradicate extreme poverty with globalization? How far can the planet support a growing global industry? High schoolers watch an engaging video about some of the most important questions in the economic world today—and view some of...

Every political theory needs a devil's advocate. Discussing Karl Marx with your classroom creates a healthy debate about the pros and cons of the capitalistic system and government. Last in a series of 13, the video includes primary...

In a hypothetical global trade scenario, Sal lays out an import-export relationship between the United States and China. Through supply-and-demand logic, he describes a situation where the US dollar would weaken, and the Chinese Yuan...

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...

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...