Concept

Free trade

Related lectures (26)

Explores the historical narrative of globalisation in Phase III, focusing on the Great Divergence period from 1820 to 1990.

Trade Policy: International Relations

Explores the international relations of trade policy, GATT talks history, and gains from reciprocal trade liberalization.

Economy of China: Manufacturing and Trade Relations with the US

Examines the trade war's impact on manufacturing and trade relations between the US and China.

Comparative Advantage: Trade Theories

Explores comparative advantage, trade theories, gains from trade, and challenges in international trade.

Economy of China: Made in China

Explores the Chinese economy, trade war impact, global value chains, and trade networks.

The Great Convergence: Globalisation's Evolution

Explores the evolution of globalisation, focusing on the Great Convergence and the changing dynamics of international trade.

National Savings and Investments

Explores the connection between national savings, investments, and borrowing between countries.

Marxism and Globalisation

Explores Marxism, globalisation, imperialism, and critiques of capitalism, culminating in a discussion on the changing nature of globalisation.

Modeling of Energy Value Chains

Explores energy systems modeling, biofuel production, fuel characteristics, and global markets.

Understanding Tariffs Impact

Explores supply and demand basics, consumer and producer welfare under tariffs, and equilibrium price adjustments.

Understanding Tariff Impact

Explores the impact of tariffs on trade policy, analyzing price changes, welfare effects, and distributional consequences within nations.

Electricity Market: Balancing and Liberalization

Explores ancillary services, capacity market, and electricity market liberalization, emphasizing system balancing and peak demand challenges.

Inequality between Countries: Growth Models and Public Policies

Delves into growth models, public policies, education, poverty traps, and geographical influences on economic development.

Electricity Market Organization: Part 1

Explores the organization of electricity markets, models for restructuring, and the impact on consumer choice and market performance.

Demand Basics: Understanding Willingness to Pay and Market Dynamics

Covers the fundamentals of demand, focusing on willingness to pay and market allocation criteria.

Optimal Abatement: Part 2

Explores optimal abatement in environmental economics, focusing on trade-offs, policies, and pollution control.

Modern Trade: Ricardo's Comparative Advantage

Explores Ricardo's 'Principle of Comparative Advantage' and its impact on global trade, efficiency, productivity, and the evolution of globalisation.

Optimal Abatement: Part 1

Covers the concept of optimal abatement in environmental economics, focusing on minimizing the damage function with different cost functions.

Open Economy Supply & Demand Analysis

Covers import demand, welfare effects, trade volume effects, and equilibrium in trading economies.

Exchange Arrangements and Restrictions

Delves into the 2021 IMF report on exchange arrangements and restrictions, exploring various exchange rate systems and the effects of fiscal policies.