Comparative Advantage [Download]

Price: $19.00

The goal of this course is to illustrate the following principle: If everyone were to focus on their specialty, (meaning their work or profession) then all will benefit. This course provides you with the tools needed to understand the concept of Comparative Advantage and explain various terms such as “barter”, “trade”, “absolute advantage” and “consumption”. This course is presented in a simple and easy to use format, using illustrations, animations and examples suitable for those with little to no prior knowledge or experience with the subject matter.
Calculate the price of products using a Production Possibilities Curve.
Understand how to use comparative advantage to increase potential consumption.
Explain the meaning of the Consumption Possibilities Curve.
Price: $19.00