Monday March 4

Begin International Economics  -  The purpose on this unit is to understand why countries trade, the problems involved and how these problems are addressed

New Concepts:

• Reasons for Trade
• Gains from Trade
• Free Trade Diagram

Resources:
Quick Reference Guide - Micro and Macro Supply and Demand

Chapter 21 - Why Do Countries Trade?



Power Point - Gains From Trade

Homework

Read Chapter 21 - Why Do Countries Trade
Read Chapter 22 - Protectionism