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  • Comparative Advantage
OpenStax Principles of Macroeconomics 2e, Globalization and Protectionism, International Trade and Its Effects on Jobs, Wages, and Working Conditions
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By the end of this section, you will be able to:

Discuss how international trade influences the job market
Analyze the opportunity cost of protectionism
Explain how international trade impacts wages, labor standards, and working conditions

Subject:
Applied Science
Material Type:
Module
Date Added:
08/21/2018
Principles of Macroeconomics Course Content
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This is a Principles of Macroeconomics Course developed through the Ohio Department of Higher Education OER Innovation Grant. This work was completed and the course was posted in January 2019. The course is part of the Ohio Transfer Assurance Guides (TAGs) as OSS 005. For more information about credit transfer between Ohio colleges and universities, please visit: www.ohiohighered.org/transfer.Team LeadAmyaz Moledina                                  College of WoosterContent ContributorsRosemarie Emanuele                          Ursuline CollegeKenneth Fah                                        Ohio Dominican UniversityDarcy Hartman                                    Ohio State University – NewarkLibrarianNathan Wolfe                                       Kenyon CollegeReview TeamSeth Kim                                              Central Ohio Technical CollegeJoe Nowakowski                                  Muskingum University 

Subject:
Social Science
Economics
Material Type:
Full Course
Provider:
Ohio Open Ed Collaborative
Date Added:
08/27/2018
Principles of Macroeconomics Course Content, Trade offs and Comparative Advantage, Trade offs and Comparative Advantage: Course Map & Recommended Resources
Conditional Remix & Share Permitted
CC BY-NC
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This topic is considered optional as it would primarily be part of a principles of microeconomics course. If microeconomics is a prerequisite for macroeconomics, this topic can either be skipped entirely, or could be reviewed briefly. In some macroeconomics principles courses, this may need to be presented as new information. Learning objectives of particular interest for a macro course are 1, 2, 7, and 8. Please note that some of the learning objectives contained in this section may overlap with the International Trade unit.

Subject:
Economics
Material Type:
Module
Date Added:
09/27/2018
Principles of Microeconomics Course Content
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The Principles of Microeconomics course was developed through the Ohio Department of Higher Education OER Innovation Grant. This work was completed and the course was posted in December 2019. The course is part of the Ohio Transfer Assurance Guides and is also named OSS004. For more information about credit transfer between Ohio colleges and universities, please visit: www.ohiohighered.org/transfer.Content ContributorsKen Fah                                             Ohio Dominican UniversityJohn Fiske                                         Ohio Dominican UniversityJoe Nowakowski                                Muskingum UniversityLibrarianNathan Wolfe                                     Kenyon CollegeReview TeamMolly Cooper                                     Ohio State University Subbu Kumarappan                          Ohio State University ATI 

Subject:
Social Science
Economics
Material Type:
Full Course
Provider:
Ohio Open Ed Collaborative
Date Added:
01/09/2019
Principles of Microeconomics Course Content, International Trade, International Trade Resources
Conditional Remix & Share Permitted
CC BY-NC
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In this topic, students will be introduced to the elements of international trade. They’ll learn about the gains from trade and how they arise. They’ll learn the difference between absolute and comparative advantage and why comparative advantage is the key to profitable trade. They’ll also be exposed to the types of trade restrictions imposed by governments and the usual justifications for those restrictions.            

Subject:
Economics
Material Type:
Module
Date Added:
05/06/2019
Principles of Microeconomics Course Content, Model Building, Production Possibilities and Gains from Trade, Model Building, Production Possibilities and Gains from Trade Resources
Conditional Remix & Share Permitted
CC BY-NC
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This topic introduces key concepts that form the foundation of much of microeconomic analysis. The material ranges from a discussion of model-building as a way to simplify complex relationships among economic variables to definitions and descriptions of key concepts such as scarcity, efficiency and inefficiency, opportunity cost, comparative advantage and the gains from trade.

Subject:
Economics
Material Type:
Module
Date Added:
05/03/2019