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Syllabus 4.2
trade protection VID 8: Impact of an Export Subsidy (large exporting country)
Peer Tutoring:
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VID 1: Tutor2U on Tariffs
VID 2: Welker on Tariffs
VID 3: Welker on Quota
VID 4: Welker on Trade Subsidy
VID 5: Welker Gains from Trade 1
VID 6Welker: Gains from Trade 2. 8/10 Nice explanation of why trade works
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Dictionary
3.1 - International Trade 1. administrative barriers 2. balance of payments 3. division of labour 4. dumping 5. embargo 6. environmental standards 7. exchange controls 8. free trade 9. health and safety standards 10. Import licensing 11. ‘infant industry’ 12. quota 13. specialization 14. tariff 15. VER 16. WTO HL Only 1. Comparative advantage 2. Absolute advantage 3. David Ricardo 4. Opportunity cost VID 7: Foodie on Comparative advantage
VID 8: Rating 7/10. Foodie on protectionism
Nice introduction to protectionism. |
