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  • Teaching and Learning Economics (SERC)
Principles of Economics: Understanding Opportunity Cost, Comparative advantage, and Absolute Advantage
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In principles of economics students many times have trouble understanding the concept of opportunity cost, connecting opportunity cost to comparative advantage, and differentiating between absolute advantage and comparative advantage. This activity allows the instructor to detect whether a large number of students exhibit any of these misconceptions, and then focus on the most problematic concepts in class.

Subject:
Business and Communication
Economics
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Marcelo Clerici-Arias
Date Added:
04/04/2019