Econ Unit 8

Econ Unit 8
The Global Economy
Unit 8 Scales
• International Trade
• Comparative Advantage and Absolute Advantage
• Open Model Economy Circular Flow
• Trade Barriers
• Trade Agreements
• NAFTA
• EU
• WTO
• Economic Development
• Balance of Trade
• Developing Nations
• Developed Nations
• Financing Economic Development
• Negative and Positive Externalities
• Globalization
• Interdependence of economies
• Renewable and nonrenewable resources
• Sustainability
• Inflation, Unemployment, Economic Growth

 

ISA #8-3
16.1 p.445 2-5
16.2 p.454 2-7
16.3 p.461 2-3&7

Videos
Comparative Advantage
Why not trade?
Exchange Rates
GATT/WTO

Comparative Advantage Review Sheet