Introduce your young economists to the concepts of international trade and comparative advantage with Mr. Clifford, a fantastic and tech-savvy economics instructor who uses video to teach economic concepts in an engaging and clear manner. Specific topics covered in this video include absolute advantage, international trade, and per unit opportunity cost.

Concepts

international trade, trade, comparative advantage, macroeconomic indicators, macroeconomics

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Additional Tags

social studies

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Instructional Ideas

• Ask students to re-teach this topic to their peers using a different set of goods and factors in order to check and reinforce their comprehension

Classroom Considerations

• The video moves fairly quickly through the material. Consider providing this video to students after you have conducted a complete lesson in class to help them clarify their understanding and support the work they have already completed

• This video is hosted on YouTube

Pros

• Excellent work explaining trade as the foundation of an economy
• Delivers complex concepts in easy-to-understand terms
• Incorporates graphs and grids throughout to help illustrate content

Cons

• None

Common Core

RH.11-12.3 RH.11-12.4 RH.11-12.7