Monday, April 28, 2009

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. Video on international trade - "Return to Mocha"

Assignments:

1. Watch "Return to Mocha"

2. Explain how both Mocha and Caraway benefitted from trade.

 

ASSESSMENT PROCEDURES

Monitor and adjust to check understanding.