Economists are very clear on the benefits of trade. Today we will look at the theory of comparative advantage – the idea that every nation has something to offer.
Before May 5
-Watch MR University Comparative Advantage (We will do numerous examples in class of who makes what and why. Do not panic if the trading grids seem confusing)
-Complete Paper 2 Outline only. Macro Policy Decision Paper. For current economic data look here: http://www.tradingeconomics.com/united-states/indicators
For your procrastination
- Maps created with the most common food – you gotta see it to understand
- More cool maps to check out.