Thursday, April 19, 2011

Understanding International Trade and Comparative Advantage

OBJECTIVES 

Students shall be able to

1. Explain the principle of trade according to comparative advantages.

2. Compare the costs and benefits of international trade.
    

ACTIVITIES

1. Watch "Economics USA: International Trade"

Assignments:

1. Answer questions from "Economics USA: International Trade"

2. Read M&B chapter 38.

 

ASSESSMENT PROCEDURES

Monitor and adjust to check understanding.