Rank #1: International Trade and Trade Restrictions Part 2
How do politics shape international trade and how does the regulation of trade often run askew? What is the history of attempts to regulate trade? And what do we know about such famous trade episodes as the Smoot-Hawley tariff and its role in the Great Depression?
Rank #2: Consequences of International Trade Part 2
In our final series of International Trade videos we continue our discussion on consequences of trade. Which countries benefit most from foreign direct investment? How does trade affect diversity in cultural goods and services? And, what are some key sources of growth from trade, beyond comparative advantage? We also take a look at the effect free trade has on poverty in developing countries and the benefits and drawbacks of foreign retail competition, as introduced through trade.
Rank #3: Consequences of International Trade Part 1
Rank #4: International Trade and the Factors of Production
This section of the class considers some of the nuts and bolts of international trade theory, how factor endowments account for some of trade, and how within these models the comparative statics work. Much of the analytic core of international economics can be found in these videos.
Rank #5: International Trade and the Firm Part 2
We now consider some remaining topics in the theory of tariffs and trade, in particular relating to how trade interacts with the business firm. How is it that so much trade takes place inside of firms? How is the prospect of global trade reshaping how production is distributed across the globe? And finally, how do tariffs shape industrialization and what do economists know about industrial policy?