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
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. 
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