Objectives: To understand
- Protectionism: An Indirect Subsidy from Consumers to Producers
- International Trade and Its Effects on Jobs, Wages, and Working Conditions
- Arguments in Support of Restricting Imports
- How Trade Policy Is Enacted: Globally, Regionally, and Nationally
- The Tradeoffs of Trade Policy
To-do Before Class
Read Ch. 21 Introduction to Globalization and Protectionism
Activities/Assignments
Economics in the Real World
