Beginner in International Trade: Theory and Policy

Name: Beginner in International Trade: Theory and Policy
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Learn about the effect of countries' international trade policies on their economies in this free online course.

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Learning Outcomes

In this free course, you will learn how to:

Explain how the real estate bubble burst in the spring of 2009, causing an economic downturn
State the different reasons countries trade according to the Ricardian theory
Outline at least ten (10) determinants of Terms of Trade
Explain how Economies of Scale facilitate international trade
Explain how the mobility of factors can be affected by time
Describe what producer surplus means and how it affects the national welfare
Describe how import quotas can affect the price of products as well as the welfare of countries
Describe the welfare effects of export taxes on both the importing and exporting countries
Distinguish between an import tariff and an import quota
Distinguish between casual and professional lobbying
Describe the key reasons lobbying is easier for organizations than for consumers

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