SURVEY OF INTERNATIONAL ECONOMICS COURSE

MODULE 7:
MARKET IMPERFECTIONS AND TRADE - PART 2

Textbook Reading:

Trade Policy with Market Imperfections and Distortions
(Read Section 5 (pp. 439-444)

Evaluating the Controversy Between Free Trade and Protectionism

Presentation Slides:

Recent Events/Analysis:

Winners and Losers from International Trade
An excellent overview of the results from international trade theory and empirical evaluations from the UK Trade Policy Observatory.

Economist Views on Free Trade
A survey of top economists's views on free trade in general and free trade under NAFTA.

OVERVIEW

This session will offer several more examples of market imperfections including the infant industry argument. This will raise some questions about whether free trade should be considered the optimal trade policy or not.

VIDEO LECTURE

This lecture was recorded in Fall 2016. It is 78 minutes long.

ANSWER KEY

Click HERE for answers to the textbook questions.