International Trade Policy

Master the complexities of international trade to learn how policy affects the economy in this free online course.

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Learning Outcomes

In this free course, you will learn how to:

Distinguish between partial and general equilibrium analysis
Describe how the size of a country can change the effect of policies in the international market
Contrast consumer surplus and producer surplus
Discuss how import quotas can affect the price of products and the welfare of countries
Distinguish between an import tariff and an import quota
Explain the World Trade Organization's position regarding import quotas and tariffs
Outline the welfare effects of export taxes on both importing and exporting countries
Identify the key potential problems faced by consumers when attempting to lobby
List some factors that affect a government's decision when lobbied by both consumers and producers

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