Unit 1: Economics and Globalization

Lesson 20a: Why We Trade - Comparative Advantage

Assignments: Video Lectures

1.5.1 Defining Comparative Advantage with the Production Possibilities Frontier 22:10 [MyNotes] 1.5.2 Understanding Why Specialization Increases Total Output 6:46 [MyNotes] 1.5.3 Analyzing International Trade Using Comparative Advantage 25:35 [MyNotes] 1.5.4 Outsourcing 8:54 [MyNotes] 17.4.3 Hot Topic: Winners and Losers in NAFTA 4:20 [MyNotes] KEY PROBLEM: The gains from trade OPTIONAL KA Comparative advantage specialization and gains from trade (8:55) EC Determining Comparative Advantage using PPCs – Worked solutions to AP Free Response Questions (8:27)

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