This week’s topics
Market Imperfections, Distortions, and Trade Barriers
- Theories of imperfect competition and strategic trade policy
- Tariff barriers and tariff escalation
- Non-Tariff Barriers (NTBs)
- Technical Barriers to Trade (TBT) and Sanitary and Phytosanitary (SPS) agreements
- Monopolistic Competition and International Trade
- Lecture 14: Commercial / Trade Policy, Business Cycle, Tariff Barriers, Subsidies
- Lecture 15: Non-Tariff Barriers, India's Foreign Trade Policy, Make in India, Trade Protectionism
What you will be able to do
- 1.2 Evaluate and contrast theories of market imperfections/ distortions to measure trade barriers.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: evaluate and contrast theories of market imperfections/ distortions to measure trade barriers.
Study materials
Videos
- Monopolistic Competition and International Trade · YouTube · Marginal Revolution University · 17 min · for registered students
- What is the Technical Barriers to Trade (TBT) Agreement? | Ask the WTO · YouTube · World Trade Organization · 4 min · for registered students
- What is the sanitary and phytosanitary agreement? | Ask the WTO · YouTube · World Trade Organization · 4 min · for registered students
- Understanding the Economics of International Trade | CFA Institute® · YouTube · CFA Institute · 19 min · for registered students
Further resources
- The World Trade Organization: Theory and Practice · PDF · NBER, article · for registered students
- WTO in Brief (2025) · PDF · Other, guidance; 12 pages · for registered students
- Principles of Economics 3e, ch. 34: Globalization and Protectionism · PDF · OpenStax, textbook chapter; pp. 827–995 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
