APMic Unit 2 Lesson 6 - International Trade and Public Policy by jclerch https://padlet.com/jclerch/4gi33y87tjzf Supply and Demand en-us 2016-10-03 22:54:53 UTC 2025-10-08 03:51:29 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/135439946/5229f16fd7a02e98cf393f37767846c2/IMG_12291_1mb.png jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/150037592 2017-01-28 14:26:27 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/150037592 jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/237338543 2018-03-02 10:40:25 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/237338543 jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/237338599 2018-03-02 10:40:44 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/237338599 jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/237338654 2018-03-02 10:41:04 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/237338654 jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/277185652 2018-09-02 23:22:31 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/277185652 jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/277185672 2018-09-02 23:22:43 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/277185672 Essential Knowledge jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/372202719 Equilibria in competitive markets may be altered by the decision to open an economy to trade with other countries; equilibrium price can be higher or lower than under autarky, and the gap between domestic supply and demand is filled by trade. Opening an economy to trade with other countries affects consumer surplus, producer surplus, and total economic surplus.

Tariffs, which governments sometimes use to influence international trade, affect domestic price, quantity, government revenue, and consumer surplus and total economic surplus.

Quotas can be used to alter quantities produced and therefore affect price, consumer surplus, and total economic surplus.
]]> 2019-07-24 22:42:43 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/372202719 Enduring Understanding jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/372202816 Government policies influence consumer and producer behavior and therefore affect market outcomes.]]> 2019-07-24 22:44:16 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/372202816 Learning Objectives jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/372202835 Define tariffs and quotas.

Explain (using graphs where appropriate) how markets are affected by public policy related to international trade.

Calculate (using data from a graph or table as appropriate) changes in market outcomes resulting from public policy related to international trade.
]]> 2019-07-24 22:44:33 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/372202835 Questions jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/372202854
  • What are quantity controls, and how can quantity controls create problems and make a market inefficient?
  •  What determines whether a country imports or exports a good?
  • Who wins and who loses from international trade? 
  • Do the gains to winners from international trade always exceed the losses to losers?
  • Can you explain the welfare effects of tariffs and import quotas.
  • What arguments do people use to advocate for trade restrictions?
  • Use the labeling from the graph below to identify the following:
    • equilibrium price and quantity before trade occurs
    • equilibrium price and quantity after trade occurs
    • producer surplus before and after imposition of a tariff (Pt-Pw).
    • consumer surplus before and after imposition of the tariff.
    • the tax wedge as a result of the tariff.
    • deadweight loss after the tariff.
    • ]]>     2019-07-24 22:44:51 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/372202854     jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/372410582 2019-07-26 20:12:50 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/372410582 jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/372441984 2019-07-27 13:14:51 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/372441984 Tariffs in action jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/372564803 2019-07-29 10:42:14 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/372564803 jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/693486393 2020-08-23 18:48:05 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/693486393 jclerch https://padlet.com/jclerch/4gi33y87tjzf/wish/693498487 2020-08-23 19:12:07 UTC https://padlet.com/jclerch/4gi33y87tjzf/wish/693498487