AS Economics - Absolute and Comparative advantage (3-4 lessons)

As an experienced economics teacher, I’ve developed this comprehensive resource on International Trade, designed to provide students with a deep understanding of the benefits, theories, and complexities of global trade. Featuring clear explanations, practical exercises, and evaluation-based tasks, this resource is perfect for both new and experienced teachers.

What’s included:

• Reasons for International Trade: Exploring why nations trade and the mutual benefits derived.
• Absolute and Comparative Advantage:
• Clear distinctions between the two concepts.
• Practical applications with examples and limitations of these theories.
• Specialisation and Free Trade:
• Benefits of trade liberalisation explained using the trading possibility curve.
• Key insights into exports, imports, and terms of trade.

Trade Creation and Diversion:

• Understanding the impact of customs unions and free trade areas on global markets.
• Evaluation of the economic consequences for member and non-member countries.
• Evaluation and Real-world Application:
• Engaging exercises and tasks that connect theoretical concepts to real-world scenarios.
• Key Features:
• Comprehensive and syllabus-aligned content: Covering every key aspect of international trade with clarity and depth.

Real-world applications: Linking theory to practical examples and global trade data.
Critical evaluation prompts: Encouraging students to assess the benefits and limitations of trade.
Engaging visuals and graphs: Simplifying complex ideas for better comprehension.
Plug-and-play design: Fully prepared lessons that save time and enhance classroom delivery.