Absolute and Comparative Advantage

Another easy to digest clip I use as a starter/plenary for lesson when teaching International Economics. This clip shows, in an easy to understand way the advatnages of specialization according to absolute advantage and comparative advantage, and the resulting trade patterns. There is a little theory in there but if you supplement this with the Blink and Dorton Text, plus some other websites such as Phil Holden, your students should grasp this concept as quickly as mine.