Grade 9-12, Higher Education
,
On-Demand Webinar

Teaching Absolute Advantage, Comparative Advantage, Specialization and Trade

Time: 60 mins,
Presenter: Amanda Stiglbauer
Teacher Version
Objective Standards Description Resources
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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

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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:

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