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The welfare effects of trade intervention

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Published on Apr 4, 2014

A quick look at the harm caused by tariffs

Slides are available here: https://www.dropbox.com/s/ims68nhwdgk...

Table of Contents:

00:00 - The welfare effects of trade intervention
00:08 - A domestic market
01:07 - The market under autarky
02:14 - Imagine that the global market price is £50
04:00 - Impose a tariff of £5
06:49 - The problem with taxation is the dead-weight loss
09:10 - Examples of EU imposed tariffs
09:40 -
10:02 -
10:17 -

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