ECO 561 Team Assignment: Comparative and Absolute Advantage

Subject: Economics / Accounting
Question
Learning Team Assignment: Comparative and Absolute Advantage
Purpose of Assignment
This assignment will help students master research and other analytical skills and will help students recognize
reasons why economic growth varies by country. By using macroeconomic indicators, students will complete
analysis and determine comparative and absolute advantage in different product categories for each country’s
economy.
Resources Required
Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also
additional tutorials via the web offering support for Office products. Grading Guide
Content
Chose three countries from list below.
Researched each country, using resources
such as the CIA World Fact Book, World Bank
data, World Trade Organization (WTO), and
the Federal Reserve Bank. Researched each
country’s economic, political, and cultural
development: USA Australia Canada China Saudi Arabia Democratic Republic of Congo France Germany Great Britain Italy Japan
Analyzed measures of economic growth and
of comparative and absolute advantage in
international trade.
Used tables and/or graphs to compare the
following economic statistics/indicators of
three chosen countries for the most recent
year available and for 2009 (the trough of the
last economic cycle): Country Real GDP Country CPI Met Partially
Met Not
Met Comments: Content Met Partially
Met Not
Met Total
Available Total
Earned 6 #/6 Country Real Exports
Country Real Imports
Country Unemployment Rate
Country Industrial Production Discussed reasons why the economic growth
of the three countries varies. Answered the
following question: How does international trade influence
the strength of the economy worldwide? Discussed the following for each country:
(USA, CHINA, FRANCE) minimum 300
words At least two products that have provided
the country an absolute advantage in
trade (if any).
At least two products that have provided
the country a comparative advantage in
trade.
Factors that might have prevented any of
three chosen countries from achieving
absolute and/or comparative advantages. Cited a minimum of three peer-reviewed
sources.
The analysis is a minimum of 1,050 words in
length. Comments:

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