Teaching and Learning Alternatives to a Comparative Advantage Motivation for Trade
| Autor: | James K. Self, William E. Becker |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
comparative advantage
specialization trade introductory economics textbooks 050208 finance Opportunity cost media_common.quotation_subject 05 social sciences jel:A20 Test (assessment) Presentation 0502 economics and business Specialization (functional) ComputingMilieux_COMPUTERSANDEDUCATION Economics 050207 economics General Economics Econometrics and Finance Industrial organization Comparative advantage media_common |
| Zdroj: | The American Economist. 61:178-190 |
| ISSN: | 2328-1235 0569-4345 |
| DOI: | 10.1177/0569434516652042 |
| Popis: | Introductory economics courses emphasize opportunity cost, comparative advantage, and specialization to show the benefits of trade. We assert that this emphasis leads to erroneous student mind-set that trade requires specialization based on comparative advantage. We test students who have been exposed to the typical textbook and classroom presentation of specialization and trade with real but paradoxical situations where the same goods are both imported and exported by a country. Students are found to generally understand comparative advantage calculations but wrongfully apply the idea to this multiproduct trade situation for which specialization is not relevant. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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