Library of Economics and Liberty
Online Library of Liberty: The Balance of Trade
The balance of trade theory is explained in a very interesting way in this article. Good examples are given depicting this theory.
National Geographic
National Geographic: Society: The Trading Game
Students simulate the trading of goods between countries. Then they reflect on the challenges of trade between countries.
Other
International Monetary Fund: Trading Around the World
An interactive simulation and role-playing activity based on a fast-paced game that challenges the player to buy low and sell high. The simulation is a trading model that matches the player with computerized traders from around the world.
Council for Economic Education
Econ Ed Link: Frontier Specialists
The level of output in an economy can be increased through specialization. Economic specialization occurs when people produce different goods and services than they consume. It requires people to exchange goods and services.
Council for Economic Education
Econedlink: Balance of Trade and Balance of Payments
This video teaches the concepts of Balance of Trade and Balance of Payments. The balance of trade is calculated by subtracting imports from exports. The balance of payments includes payments related to exports and imports of goods;...
Ducksters
Ducksters: Early Islamic World Trade and Commerce
Find out how people in the early Islamic world used their resources for commerce and trade.
Ducksters
Ducksters: Kids History: The Legend of Silk in Ancient China
A site for kids to learn about the legend of silk in Ancient Chinese history. Read about how silk is made and the story behind who invented the cloth from a silkworm cocoon.
Auburn University
Auburn University: Glossary of Political Economy Terms: Specialization
Dr. Johnson defines the term "specialization" and reasons for its development in our economy.
Ducksters
Ducksters: Ancient Egyptian History: Inventions and Technology
Kids learn about Ancient Egyptian inventions and technology including papyrus, writing, medicine, mathematics, ship building, and makeup.
University of Nebraska Omaha
Ec Ed Web: Why Nations Trade
This lesson plan is about the reasons for International Trade.
Ducksters
Ducksters: Ancient Egypt Clothing
Find out how the ancient Egyptians used their resouces to make clothing.