-
What you will learn
This free video course takes a look at the basic theories of international trade and the consequences of trade in today's global economy. You'll have the opportunity to learn more about fundamental ideas such as comparative advantage, increasing returns to scale, factor endowments, and arbitrage across borders. The consequences we discuss include the effects of offshoring, how trade has shaped the economies of China, Mexico, and Korea, when foreign direct investment is desirable, and the history of free trade and tariffs, among other topics. Trade is a topic of increasing importance and this material will give you a better grasp on the theories and empirics as they have been developed by economists.
This course is non-technical and is accessible to a beginner.
-
1. Introduction to International Trade
Comparative Advantage
Comparative advantage 2: Homework
Sources of Comparative Advantage
Evidence on Comparative Advantage from Japan
Trade and Variety
The Gravity Equation and Cost of Trade
Trade, Investment and Migration as Substitutes
2. International Trade and Trade Restrictions Part 1
Trade and Tariff History
The shipping container
The Corn Law debates
John Stuart Mill, terms of trade
Effective Rate of Protection
Optimal Tariffs
Tariffs and Growth in 19th Century
3. International Trade and Trade Restrictions Part 2
The Political Economy of Tariffs
International Trade and Welfare Costs of Tariffs
The Smoot-Hawley Tariff
Malawi restricts trade in corn
Tariffs vs. Quotas
World Trade Organization
The Green Revolution
4. International Trade and the Firm Part 1
Basics of Multinational Corporations
Gains from Multinationals
Firm myths
Productivity in Firms
Trade and External Economies of Scale
Monopolistic Competition and International Trade
Trade and Increasing Returns: Evidence
International Trade Disciplines Monopolies
Intra-firm Trade
5. International Trade and the Firm Part 2
Intra-Industry Trade
Unbundling the Supply Chain
Robert Torrens and sliding tariffs
Robert Torrens on strategic trade policy
South Korea and Industrial Policy
Friedrich List
Paul Romer
The deindustrialization of India
6. International Trade and the Factors of Production
Specific Factors Models
Factor Price Equalization
The Heckscher-Ohlin Theorem
Evidence on the Heckscher-Ohlin Theorem
The Rybczynski Theorem
Virtual Water
Why Did Trade Plummet in the Great Recession?
What is at Stake in Trade Theories?
Economics of Offshoring
7. Consequences of International Trade Part 1
Introduction to NAFTA
NAFTA and Mexican Agriculture
Effects of NAFTA on the Mexican Economy
Maquiladoras
Does Fair Trade Help?
Who Supports Free Trade?
Does Trade Help the Environment?
8. Consequences of International Trade Part 2
Who gains from FDI?
The Economics of Bollywood
India Retail Competition
Trade and Poverty in India
Development and Trade: Empirical Evidence
The cultural diversity critique of markets
Market reforms in Bangladesh
