In this course, students are introduced to absolute advantage, the ability to produce more of a good or service than another producer using the same amount of resources as that producer.
The superhero Jack of All Trades recognizes that although he has the absolute advantage in many tasks, it doesn’t mean he should do all tasks, as Jack explains to mortal, Andy.
From this basic concept, students can move toward an understanding of the benefits of trade and comparative advantage.
View all of the Comparative Advantage Short Courses.
