Introduction to international trade and the tension between free trade and protectionism. We also explore tariffs: their purpose, types, role in disputes, and broader impact.
Work through each lesson in order to unlock the course quiz.
The logic behind global trade.
Why countries specialize and trade to pursue economic growth.
Free markets or tariff walls?
Explore the trade-offs behind protectionism and free trade.
Mechanics, motives and impacts.
What tariffs are, why governments use them, and who ends up paying.
How tariffs reshape business decisions.
Tariffs have a wide-ranging impact on the economy, from supply chains to jobs and prices.