Port Ledger Game
Explore production choices and exchange at the port alongside the comparative-advantage module.
Open activityAct I · Building the Stage · Module 02
Comparative advantage, specialization, and trade
17 slides · Hubbard & O'Brien, chapter 9.
The story
The port opens, and the town must decide what to make and what to obtain through exchange. Comparing opportunity costs shows why a town can gain from trade even when its trading partner is more productive at making every good.
A question to take into class
If another town can produce both goods using fewer resources, can Marginal Falls still benefit from trading with it?
From the slides to the classroom
Explore production choices and exchange at the port alongside the comparative-advantage module.
Open activityActivities open at marginalfalls.com. Students join using the room code supplied by their instructor.