International Trade and Comparative Advantage
Economics · 6th Year · The Global Economy and International Trade · 3.º Período

International Trade and Comparative Advantage

Exploring the theories of absolute and comparative advantage and their relevance to Ireland's export-driven economy.

NCCA Curriculum SpecificationsLeaving Certificate Economics LO 4.1Leaving Certificate Economics LO 4.2

About This Topic

Exploring the theories of absolute and comparative advantage and their relevance to Ireland's export-driven economy.

Key Questions

  1. Why do countries engage in international trade?
  2. How does comparative advantage lead to global efficiency?
  3. What are the risks of over-reliance on multinational corporations?

More in The Global Economy and International Trade

Exchange Rates and Competitiveness

Analysing how currency fluctuations impact import and export prices, and overall national competitiveness.

2 methodologies

Globalisation and Multinational Companies (MNCs)

Assessing the impact of globalisation and foreign direct investment (FDI) on the Irish economy and employment.

2 methodologies