Economics

Unit 3 | Topic 10.1 | Absolute and Competitive Advantage

Why do nations trade?

Objectives

Evaluate the impact of the unequal distribution of resources.
Analyze the concepts of specialization and comparative advantage to explain why nations trade.
Summarize the position of the United States in world trade.
Describe the effects of trade on employment.

Procedure

Review the Aim and notes from your initial text read.
Participate in the corresponding lesson topic presentation, revising notes.
Watch corresponding video(s); further revising notes.
Complete teacher instructed assignments.

Extension

Prepare for your next class session by reading the next topic section in your text, recording alphanumeric/Cornell notes.
Complete the next topic's Interactive Reading Notepad.

Chapter 17.1

View Presentation

Record and revise notes

View the corresponding topic presentation; pausing and playing as needed to record and revise notes.

Watch the Jacob Clifford Video

Record and revise notes

Watch the corresponding topic video; pausing and playing as needed to record and revise notes.

Lesson 10.1

Lesson Materials

Why Nations Trade

By the end of this lesson, students should be able to evaluate the impact of the unequal distribution of resources; analyze the concepts of specialization and comparative advantage to explain why nations trade; summarize the position of the United States in world trade; describe the effects of trade on employment.

Eco 10.1 Interactive Reader.pdf

Interactive Reading Notepad

This supplemental support instructional activity provides access and reading supports of concepts of the content through active literacy.

econ_summary_en_10_01.pdf

Instructional Summary

This supplemental support instructional one-pager provides the basic concepts of the content of the lesson.

10.1 Instructional Exit Ticket.docx

Instructional Exit Ticket

Why do nations trade?

Topic 10.2

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