Economics – 1/07/13
I. Bellwork: Q&A
- List two states and a product each state has an advantage in producing over the other.
- List two countries and a product each country has an advantage in producing.
II. Objective:
- Examine how comparative advantages and globalization have led to increasing trade.
- Analyze the changing relationship between the American economy and the global economy.
III. 16-1 Video & Notes
- Episode 34: Comparative Advantage & Trade
- Chapter_16-1
- wksht_key_oc_compar_adv
- Thinking Map (5 Reasons) – Why Countries Trade?
IV. Absolute & Comparative Advantage Exercises
- ·comparative_advantage
- Absolute& Comparative WS
- https://hsc.csu.edu.au/economics/global_economy/tut6/Tutorial6.html
V. Classwork
· P 441 Vocab (8)
· Pg 445 2-8 Q&A
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