Grade 9-12
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On-Demand Webinar

Basic A.P. Macroeconomics: Comparative Advantage & Gains Made from Trade

October 25 7:00-8:00pm ET
Time: 60 mins,
Updated: October 26 2021,
Presenter: Theresa Fischer

Objective

Teachers will be able to:

  • Teach Terms of Trade.
  • Review typical input and output questions to foster concept understand.

This video is available to view for EconEdLink members only.

In this economics webinar, examine the risks and rewards involved when countries exchange funds, goods and services.

Description

See resources from the 4th Edition of Advanced Placement Macroeconomics Teacher Guide, CollegeBoard AP Classroom portal, and other online materials to learn how to effectively teach these fundamental themes.

Countries regularly decide when and with whom they will trade, considering their absolute and comparative advantages. Help students look at calculations of opportunity cost to determine scenarios such as who should export a product vs. who should import a product. We will also look at events in the news to help understand the importance of this topic.