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Ch 2: Comparative Advantage, Specialization & Exchange: Homeschool Curriculum

About This Chapter

The Comparative Advantage, Specialization and Exchange unit of this Macroeconomics Homeschool course is designed to help homeschooled students learn about theories related to these economics topics. Parents can use the short videos to introduce topics, break up lessons and keep students engaged.

Who's it for?

This unit of our Macroeconomics Homeschool course will benefit any student who is trying to learn the definitions of comparative advantage, specialization and exchange. There is no faster or easier way to learn about economics. Among those who would benefit are:

  • Students who require an efficient, self-paced course of study to learn about absolute advantage as well as the 'gains from trade' process.
  • Homeschool parents looking to spend less time preparing lessons and more time teaching.
  • Homeschool parents who need an economics curriculum that appeals to multiple learning types (visual or auditory).
  • Gifted students and students with learning differences.

How it works:

  • Students watch a short, fun video lesson that covers a specific unit topic.
  • Students and parents can refer to the video transcripts to reinforce learning.
  • Short quizzes and a comparative advantage, specialization and exchange unit exam confirm understanding or identify any topics that require review.

Comparative Advantage, Specialization and Exchange Unit Objectives:

  • Define comparative advantage and opportunity costs.
  • Discuss the reasons that nations trade goods, and find out why specialization is important.
  • Differentiate between comparative advantage and absolute advantage.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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