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Specialization and the Decathlon
Source: Council for Economic Education (EconEdLink) | Type: Lesson

This lesson uses results from the 2008 Summer Olympic Games to explain that athletes specialize in sports and events for which they are most skilled for the same reasons that individuals and nations specialize in the production of goods and services for which they have an absolute or a comparative advantage.

Grades:

• 9-12

Concepts:

• Absolute Advantage
• Comparative Advantage
• Opportunity Cost
• Productivity
• Specialization

Standards:

• Economics 5: Gain from Trade
• Economics 6: Specialization and Trade

Related Resources:

• Should LeBron James Mow His Own Lawn?
• Division of Labor/Specialization Video and Quiz
• Making Sen$e with Paul Solman: Is Globalization Wiping Out the American Surfboard Industry?

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