EconExperiments
- Comparative Advantage
| Discussion forum--- Please leave your valuable comments or questions here! | |||
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Absolute Advantage | ||
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Comparative Advantage | ||
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International Trade | ||
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Opportunity Cost | ||
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Students are divided into 4 groups, representing 2 different industries in 2 economies. Based on the productive resources they have, they will see how much they can produce, while international trade is forbidden in the first round. Students will be able to experience and learn absolute and comparative advantages after this round. | ||
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In the second round of the game, only industries with comparative advantage produce. Ask students to compare the amount of final production between the two rounds. | ||
Teaching Materials:
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2) Teaching Plan (Chinese) |
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