Are you looking for that perfect lesson that engages your students and helps them understand the principles of absolute and comparative advantage? Do you want to help your students calculate trade advantages and the factors that lead countries to decide whether or not to engage in trade? This bundle has EVERYTHING you need!
This "Comparative Advantage and Trade" bundle includes:
1) A customizable lecture that you can adjust to meet your needs and the needs of
your students. This bundle includes a version of this lecture in Keynote (Mac),
Powerpoint (PC), and PDF format for users of every operating system.
*****Depending on the version of the presentation software that you use to present in your classroom, fonts and sizes in our lecture presentations may need adjustment. To make it easier for you to create a lecture that engages your students and looks like the PDF file included in this bundle, we offer downloadable font bundles in our store for FREE!
At absolutely no cost to you, you can get your hands on the fonts that we use in our lectures so that you can customize your presentations. Download the Free Font Bundle, install the fonts onto your computer, and customize your lecture in the way that works of you. Adjust sizes, fonts, images, and content to meet your needs and the needs of your students!*******
2) A "Comparative Advantage and Trade" Activity. It begins with a graphic organizer that asks your students to define absolute and comparative advantage, and explain how trade enhances output and utility for trading countries worldwide. Next, students will have a chance to put principles into practice by calculating absolute advantage using several trade schedules provided . Next, students will have an opportunity to prove their comprehension by calculating comparative advantage using 5 different output and input trade schedules. Finally, students will use their knowledge to analyze 2 trade graphs and find absolute and comparative advantage, and decide whether the two nations should engage in mutually beneficial trade.
This activity can be used in many different ways in the classroom. Students can work independently, in pairs or this activity can be used as a jigsaw in order to facilitate a class wide discussion about the topics discussed in the activity.
3) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Introduction to Economics Unit Activity Bundle
Best of all, this activity aligns to our "Topic 1.6 - Specialization and Trade" video lecture, which can be found here:
Topic 1.6 - Specialization and Trade
For more of our video lectures, check out our "You/Will/Love Economics" YouTube channel and subscribe for upcoming videos:
You Will Love Economics on YouTube
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