Grade 9-12, Higher Education
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On-Demand Webinar

Teaching Absolute Advantage, Comparative Advantage, Specialization and Trade

Time: 60 mins,
Presenter: Amanda Stiglbauer
Teacher Version

Objective

In this webinar teachers will be able to:

  • Calculate absolute advantage, comparative advantage and terms of trade
  • Teachers will also be able to determine whether a PPC question is an input question or an output question

Standards

State Standards

Concepts

Comparative Advantage, Decision Making/Cost-Benefit Analysis, Goods and Services, Opportunity Cost, Trade, Exchange and Interdependence

This video is available to view for EconEdLink members only.

Description

In this webinar you will learn some trick of the trade to help you teach the concepts of absolute advantage, comparative advantage, a good and a bad terms of trade, and determining if the PPC is an input or an output PPC.

Resources

Subjects: