Well, i learnt on Thursday that my ruling ability leaves alot to be desired, and is a definite work on when i am teaching Trade to year 12, as the last thing i want in the front of the class is to get the two country model wrong, otherwise i will look silly (which would be normal).
We worked exclusively on Trade which was interesting focusing on the two country model, one being the exporter (x) and the other the 
Importer (m), the key with this was to ensure the students understand who the exporter (the country that can make the product the cheapest) will be and who the importer (the country that wants to buy at a cheaper price) IE NZ importing from china, will be then the can identify that element when asked. often students can mess this up but once explained to them and asked them a few questions about why we don't manufacture ipods or the like in this country they will get the point.
Importer (m), the key with this was to ensure the students understand who the exporter (the country that can make the product the cheapest) will be and who the importer (the country that wants to buy at a cheaper price) IE NZ importing from china, will be then the can identify that element when asked. often students can mess this up but once explained to them and asked them a few questions about why we don't manufacture ipods or the like in this country they will get the point.A
fter we had gone through the theory we attempted an activity sheet most of us manged to complete this OK, and we moved on to the absolute advantage and comparative advantage, we looked at absolute advantage first which states that a country can prepare more of a good or service using the same resources as everyone else, if you do not have absolute advantage you would not be able to trade and only those with that advantage can trade there good. However 'David Ricardo' 
contested this and brought a new theory into play comparative advantage, which refers to country's ability to produce goods or services at a lower opportunity cost then another county therefore making it beneficial for an absolute advantage country to trade with them. Again we completed some activities on this and that was the end of class, I learnt alot on Thursday and have come to the conclusion that i need to get a ruler and practice to ensure that i can model for the students, how to find the world price correctly.
fter we had gone through the theory we attempted an activity sheet most of us manged to complete this OK, and we moved on to the absolute advantage and comparative advantage, we looked at absolute advantage first which states that a country can prepare more of a good or service using the same resources as everyone else, if you do not have absolute advantage you would not be able to trade and only those with that advantage can trade there good. However 'David Ricardo' 
contested this and brought a new theory into play comparative advantage, which refers to country's ability to produce goods or services at a lower opportunity cost then another county therefore making it beneficial for an absolute advantage country to trade with them. Again we completed some activities on this and that was the end of class, I learnt alot on Thursday and have come to the conclusion that i need to get a ruler and practice to ensure that i can model for the students, how to find the world price correctly. 
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