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\nInternational Trade- Micro Topic 2.9\n

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\n\nPublisher:\n\nACDC Leadership\n\n\n
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\nHey econ students. This video covers Micro Topic 2.9 and shows trade, tariffs, and quotas using supply and demand. Be sure to be able to draw and calculate consumer surplus, producer surplus, and deadweight loss. Remember that the...\nHey econ students. This video covers Micro Topic 2.9 and shows trade, tariffs, and quotas using supply and demand. Be sure to be able to draw and calculate consumer surplus, producer surplus, and deadweight loss. Remember that the international trade is different than a price ceiling. The result is not a shortage. Instead, we are importing the different between the quantity demanded and the domestic quantity supplied. This causes consumer surplus to get bigger and producer surplus to get smaller.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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5:15
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
4 more...
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Media Type
Instructional Videos
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Source:
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\nACDC Leadership\n\n
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Date
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2020
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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trade, comparative advantage, international trade, ships, countries, demand, microeconomics
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Additional Tags

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micro, topic 2.9, tariff, quota, supply, international, ap, malcolm mclean, producer surplus, shipping container, deadweight loss, consumer surplus, lower price, world price, consumer, price, world, gonna, bigger, idea, benefits, graph, smaller, back, produce, ship, country, learn, shows, speakers, shortage
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: International Trade- Micro Topic 2.9\" href=\"/subscription/new\">\"International\n\n
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