Comparative Advantage

FOUNDATION FOR ECONOMIC EDUCATION

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Comparative advantage is the ability of an individual, firm, or country to produce a good at a lower opportunity cost than others, making trade mutually beneficial.

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Course curriculum

1. Overview
2. Absolute and Comparative Advantage
3. Productivity and Opportunity Cost
4. Specialization
5. Output Example
6. Input Example
7. Another Look at Comparative Advantage
8. Trade & the PPC
9. Tips & Tricks
10. Summary
11. Comparative Advantage Quiz
12. Comparative Advantage Quiz Answer Explanation
13. Fantasy Football, Opportunity Cost, and Comparative Advantage

Additional International Economics Modules

International Trade
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Compete in the 2026 Economics Olympiad Americas Challenge

The Economics Olympiad is the world’s largest and most prestigious international competition that ignites the minds of young individuals and empowers them with essential economic knowledge and skills. Through a multi-stage structure, participants embark on a transformative journey, competing at the school, national, and international levels with the finals held in the birthplace of the Olympic Games—Ancient Olympia, Greece.

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Economics Olympiad Prep Modules

Use these modules to prepare for success in the Economics Olympiad competition.

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Content

International Trade

Compete in the 2026 Economics Olympiad Americas Challenge

Unlock the power of knowledge, experience excellence, and connect with like-minded students

Economics Olympiad Prep Modules