Week 10-11: Trade Restrictions: Tariffs, Nontariff Trade Barriers and the New Protectionism
This week, I will describe the effect of a tariff on consumers and producers • Identify the costs and benefits of a tariff on a small and a large nation, show an optimum tariff and retaliation, and discuss the meaning and importance of tariff structure. Explain the meaning and effect of quotas and other nontariff trade barriers, Describe the effect of dumping and export subsidies, explain the political economy of protectionism and strategic and industrial policies, discuss the effect of the Uruguay Round and the aims of the Doha Round
Course Material
- Week 1-2: Introducing International Trade Theory, Law of Comparative Advantage
- Week 3-4: The Standard Theory of International Trade, Offer Curves, and the Terms of Trade
- Week 5-6: Factor Endowments and the Heckscher–Ohlin Theory
- Week 7-8: Economies of Scale, Imperfect Competition, Economic Growth and Trade
- Week 9: Mid Term Exam
- Week 10-11: Trade Restrictions: Tariffs, Nontariff Trade Barriers and the New Protectionism
- Week 12-13: Economic Integration, TOT, Trade & Economic Development, WTO
- Week 14-15: The Balance of Payments, Foreign Exchange Markets, and Exchange Rates
- Week 16-17: Open-Economy Macroeconomics: Adjustment Mechanisms and Policies
- Week 18: Final Term Exam
- Chapters 10
- Department Economics
- Teacher
Dr. Jabbar Ul Haq
