Related Online Lessons

Transportation: They Say We Had a Revolution (Part 2) Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the ... Grade: 6-8 9-12    Published: 06/03/2009

Transportation: They Say We Had a Revolution (Part 1) Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the ... Grade: 6-8 9-12    Published: 01/30/2008

Understanding the Colonial Economy: Mexico / NAFTA This lesson is an extension for the lesson, "Understanding the Colonial Economy." It examines the role and effect of NAFTA in the Mexican and US econo... Grade: 6-8 9-12    Published: 03/01/2000

The Trading Game In this lesson students will learn about the gains from trade. Students will participate in a trading game that will demonstrate that trade can make ... Grade: 6-8 9-12    Published: 07/26/2010

Lemonade and Cookies Everyday countries trade their goods because they have the comparative advantage in making that particular good. In this lesson, you will read thro... Grade: 6-8 9-12    Published: 01/09/2003

Related Print Lessons

The Wide World of Trade Grade: 6-8   Published: 2003 3 of the 11 lessons are related to this lesson. They are listed below. Lesson 7: Mutual (and Comparative) Advantages Using numerical examples and bar graphs, students see why it benefits two countries to specialize in the production of one of two products and then trade with each other, even if one country has the r... Lesson 3: Everyone Is Interdependent In this lesson, students learn about resources from around the world that are used in the production of a specific product -- Hershey's Kisses. Students then determine the identity of a mystery produ... Lesson 2: Special Friends Pairs of students play the roles of two friends who have chores to complete before they can spend time together. Through trial-and-error, students discover the benefits of specialization and trade. ...

Economics in Action: 14 Greatest Hits for Teaching High School Economics Grade: 9-12   Published: 2003 3 of the 14 lessons are related to this lesson. They are listed below. Lesson 13 - Comparative Advantage and Trade in a Global Economy Students observe or participate in a role-play situation in which one person is better at both of two activities. They complete a work sheet that leads to the conclusion that specialization and exchan... Lesson 6 - The Economic Way of Thinking: Three Activities to Demonstrate Marginal Analysis This lesson consists of three activities that demonstrate different applications of marginal analysis. You may use the activities separately or do them together in one class period. In the first activ... Lesson 8 - Productivity Working in small groups, the students participate in a production simulation to determine the effects of specialization on labor productivity, the division of labor, and investment in human capital an...

Your Credit Counts Challenge: Trainer's Guide Grade: 7-adult   Published: 2004 1 of the 6 lessons are related to this lesson. It is listed below. Section 3: Managing Credit Participants will identify the advantages and disadvantages of using credit. Participants will recognize what credit is, what it costs, and the basic steps involved in obtaining credit. Participants...

Capstone: Exemplary Lessons for High School Economics - Teacher's Guide Grade: 9-12   Published: 2003 4 of the 45 lessons are related to this lesson. They are listed below. Unit 7: Lesson 45 - International Trade: How Do We Measure Trades Across Political Borders? Many popular misconceptions evolve from reading balance of payments reports. Newspaper stories warn us of the perils of a deficit in the U.S. trade balance and a surplus in the Chinese trade balance ... Unit 5: Lesson 24 - Government and the Environment Students examine and discuss visuals to identify an economic mystery regarding the failure of the Endangered Species Act. They are introduced to the concepts of market failure and government failure.... Unit 7: Lesson 41 - Why People Trade: Comparative Advantage The students decide why people buy foreign goods, and they practice measuring the comparative advantage of different producers. Unit 7: Lesson 42 - Foreign Currencies and Foreign Exchange Students participate in a simulated foreign exchange market. The exercise provides an opportunity for students to use supply and demand analysis to explain how flexible exchange rates are established...

Choices & Changes: In Life, School, and Work - Grades 9-10 - Teacher's Resource Manual Grade: 9-10   Published: 2002 1 of the 15 lessons are related to this lesson. It is listed below. Unit 2: Lesson 6 - Changing Productivity In a production simulation, students experience several ways of producing something; they also measure productivity.