Curated OER
The Theory of Comparative Advantage
Students take a closer look at comparative advantage. In this economics lesson, students discover details about opportunity cost, comparative advantage, and absolute advantage. Students participate in a simulation that requires them to...
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Comparative Advantage and Gains from Trade
Using a formula and several economic scenarios, learners answer six problem solving questions and finish a graph. They will use this activity to better understand comparative advantage and economic gains made through trade.
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Chapter 37: International Trade
Several graphs help to illustrate the dynamics of international trade in this slideshow. World prices, imports and exports, and the economic impact of tariffs are detailed in the presentation, along with arguments for free trade and the...
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Trade -- Lesson Plan on the Theory of Comparative Advantage
Twelfth graders examine the theory of comparative advantage. They read an article about globalization and trading to answer questions promoted by the teacher. They develop their own examples of comparative advantage.
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Why Nations Trade
Students discuss international trade focusing on opportunity cost and the principle of comparative advantage. They engage in a simulation activity based on different countries and their economic benefits.
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Why Nations Trade
Students discuss international trade. In this trade instructional activity, students read about comparative advantage and the benefits of international trade. Students perform a skills test to determine their individual specialization...
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Lesson Plan on the Theory of Comparative Advantage
Twelfth graders practice using new vocabulary related to economics. They discover how to calculate comparative and absolute advantage. They also read different articles about the topic.
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Why Do Countries Trade?
Seventh graders read about countries trading and then write definitions and examples of trading concepts they read about. In this trading lesson plan, 7th graders visit a website to read about trading.
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America's Heartland
Students complete geography and trade activities about global trade. In this geography and trade lesson, students read information to learn about absolute advantage, comparative advantage, trade factors, U.S. trade partners, and...
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Identifying Reasons for World Trade
Young scholars examine the advantages and disadvantages of world trade. They participate in a class discussion of international trade, read a handout about a specific country, and in small groups label a map with agricultural commodity...
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Seeking a Balance in International Trade: Pacific Rim Import-Export Transactions Activity
Twelfth graders explain the concepts of marketing, comparative advantage and the uses of monetary policy to affect markets.
Council for Economic Education
Athens and Olive Oil
Athens had olive oil—and lots of it! However, it needed wheat from the Egyptians. Understanding how societies get what they need through advantage and trade can be complicated. A scripted role-play exercise and in-class production...
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Why People Trade
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
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Why Nations Trade
Students examine how international trade affects a nation's economy. They read and analyze two handouts, research a scenario from the handout, determine the chronological order of the scenarios, and answer questions about a case study.
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Why Nations Trade
High schoolers explore the concept of international trade. In this economics instructional activity, students read the 2 provided handouts about international trade and then discuss their content.
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Trade Liberalisation: A Means of Promoting Growth in Developing Countries?
Students draw diagrams to show the effect of tariffs and quotas on imports. They write about comparative advantage and the benefits to countries of free trade. They share their ideas with the class.
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Inside the Vault-Entrepreneurship
Students explore entrepreneurship. In this economic study instructional activity, students take a pretest on attitudes, review characteristics that make up an entrepreneur, review a list of famous entrepreneurs, and create a 5 minute...
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Trade Gives Us Access to Things We Wouldn't Otherwise Have
Students work together in groups to research an item related to trade. They decide on an item that they use and determine where it comes from. They track the sources and consumers on a map.
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Recognizing Trade Definitions and Concepts
Students differentiate between imports and exports and examine data related to international trade. They view and discuss a PowerPoint presentation about international trade, define key vocabulary terms, answer discussion questions, and...
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Lesson Plan on Why Nations Trade
Twelfth graders examine the difference between imports and exports and the types of decisions made by governments when it comes to trading. They identify the key players and characteristics of international trade. They also discuss...
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Basic Trading
Students review the basic ideas of exchange. In groups, they discover the incentives for trade and participate in a simulation. They are given a packet of stamps which are worth varying monetary amounts. They discover the concepts of...
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World Trade: It's for Nebraska
Students examine markets, international trade, and the role of government in international trade. After reviewing articles on the Governor of Nebraska's recent trade missions, they discuss in small groups their opinions of whether or...
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Hey, Hey! Ho, Ho! Why Do We Need the WTO?
Students participate in various hand-on activities as they study six international institutions that play important economic roles in the areas of international trade and finance.
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Drought, nomads and the price of peanuts
Students read two short text items, which describe different approaches to agriculture. They describe the likely advantages and disadvantages of each approach for farmers, commercial peanut buyers, the government, nomadic herdsman and...