Jack of All Trades: Comparative Advantage Online Module for Teachers and Students

Teach comparative advantage with this Jack of All Trades online module.

In this module, students learn that even when absolute advantage exists, two parties can still benefit from trading, if they do so according to their comparative advantage.

Miss Information tries to persuade Andy that his new car repair and snow removal business is doomed to failure because Jack has the absolute advantage in both tasks. However, Jack dispels Miss Information’s misinformation by suggesting they work together and exploit their comparative advantage.

Teachers:

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Education Level: 9-12 ,  College
Subjects: AP Economics ,  Economics
Concepts: Opportunity Cost ,  Productivity
Resource Types: Online Module
Languages: English
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