Why trade?

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.

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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)

-Watch Ep 35: Why Do Countries Restrict Trade? and Ep 36: Types of trade Restrictions

-Complete Study Guide pdf International Trade Study Guide or google doc here

-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

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