| ap_macro_1-5_economic_systems.ppt |
| ap_micro_1-6_trade_and_comparative_advantage.ppt |
| ap_macro_1-7_circular_flow.ppt |
Economic Systems
Absolute Advantage vs. Comparative Advantage
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Additional Links:
Video Links:
Comparative Advantage: Econ concepts in 60 seconds (ACDC Economics)
Comparative Advantage Practice (ACDC Economics)
Comparative Advantage and Absolute Advantage (Khan Academy)
Informational Links:
Explanation of Comparative Advantage
Video Links:
Comparative Advantage: Econ concepts in 60 seconds (ACDC Economics)
Comparative Advantage Practice (ACDC Economics)
Comparative Advantage and Absolute Advantage (Khan Academy)
Informational Links:
Explanation of Comparative Advantage
Circular Flow Model of Economics
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Circular Flow Model of Economics
This video looks at the circular flow model of income and expenditures, showing both the factor market and the consumer markets. Be able to: a) Explain the difference in the factor market and the consumer market. b) Explain the roles that households and firms play in each. |
Additional Links:
Circular flow, explained (video and information)
Circular Flow Model explained (ACDC Economics Video)
Circular flow, explained (video and information)
Circular Flow Model explained (ACDC Economics Video)