Please watch the following videos from the Khan Academy that help illustrate comparative advantage vs. absolute advantage:
Comparative Advantage Specialization and Gains from Trade
https://www.khanacademy.org/science/microeconomics/choices-opp-cost-tutorial/gains-from-trade-tutorial/v/comparative-advantage-specialization-and-gains-from-trade
Comparative Advantage vs. Absolute Advantage
https://www.khanacademy.org/science/microeconomics/choices-opp-cost-tutorial/gains-from-trade-tutorial/v/comparative-advantage-and-absolute-advantage
Play the following game: The desert island trading game is to illustrate comparative advantage. http://desertislandgame.com/
Complete CH 4 Handout by March 11, 2013 and work from sub so we can review.
Complete CH 6 Handout by March 13, 2013
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