Microeconomics: Price and Trade

Name: Microeconomics: Price and Trade
Availability: InStock
Rating: 3.4 (31 reviews)

This free course covers how price and trade influence the markets and tariffs and the link between imports and exports.

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Learning Outcomes

After completing this course, you will be able to:

Explain the price system and define prices
Discuss how markets link people and places
Define speculation, futures and predictions markets
Explain how prediction markets can help businesses, governments and scientists
Define a 'price ceiling' and a 'price floor'
Explain the unintended consequences of price ceilings
Explain why governments enact price controls and discuss how price controls relate to Communism
Discuss the benefits of trade and define protectionism, tariffs and quotas
Explain the common arguments against international trade

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