Read: Macroeconomics: Module 15 at Lumen Learning

Why It Matters: Globalization and International Trade

Introduction to Comparative Advantage

Absolute and Comparative Advantage

You can start at the first section (Why It Matters) and click “next” to get all three (short) sections. The third and final section “Absolute and Comparative Advantage” has a video embedded. You can choose whether you would like to read that section or watch the video instead.

Optional Resources – Economic Theory

Here is a set of links for you if you would like to read more about the history of economic thought or economic theories (and their APA citations).

Exploring Economics  

(website also available in Spanish, German, and French)

Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V. (NPE)). (n.d.) Exploring Economics. https://www.exploring-economics.org/en/

History of Economic Thought Website

Fonseca, Gonçalo. (n.d.) History of Economic Thought. http://www.hetwebsite.net/het/

Watch (11:20): Economics is for Everybody!

Ha-Joon Chang (2016) animated lecture from RSA Animate

While watching, don’t focus so much on trying to remember every detail of every story. Instead, find one or two stories that are interesting to you and ask yourself why?

Look out for and note:

  • something you find interesting.
  • something that surprised you.
  • something you enjoyed.
  • something you already knew.
  • something you disagreed with.