International_Trade_MRUniversity

International Trade Introduction

Advocating for free trade requires people to have a clear understanding for the essentials of international trade. As Simon Lester wrote in Advocates Need to Make the Important Case for Free Trade,?There is no doubt that exports are good for domestic producers, but imports are just as beneficial, if not more so, to domestic consumers. Import competition leads to lower prices, higher quality and a greater variety of goods and services to choose from. ?How does people benefit from exports and imports? What are the harms of trade barriers? This course from Tyler Cowen and Alex Tabarrok will? take a look at the basic theories of international trade and the consequences of trade in today’s global economy.?You’ll have the opportunity to learn more about fundamental ideas such as comparative advantage, increasing returns to scale, factor endowments, and arbitrage across borders.

The consequences we discuss include the effects of offshoring, how trade has shaped the economies of China, Mexico, and Korea, when foreign direct investment is desirable, and the history of free trade and tariffs, among other topics.??Trade is a topic of increasing importance and this material will give you a better grasp on the theories and empirics as they have been developed by economists.

This course is non-technical and is accessible to a beginner. If you pass the final exam, you will earn the “International Trade” certificate from MRU University on your profile. To take the on-line course please refer to International Trade Introduction .

Principles of Economics  6th Edition   LearnLiberty

Principles of Economics

Principles of Economics?continues to be one of the most popular economics textbooks. Professor Mankiw emphasizes material you will likely find interesting about the economy (particularly if you are studying economics for the first time), including real-life scenarios, facts, and how economic concepts influence everyday decisions. You will find free lectures regarding the Principles of Economics from Learnliberty.org:? http://www.learnliberty.org/classroom-resources/principles-economics-mankiw

How Can Trade Improve Food Security in Sub-Saharan Africa?

For decades, earnings from farming in many developing countries, including in sub-Saharan Africa, have been depressed by a pro-urban bias in own-country policies, as well as by governments of richer countries favouring their farmers with import barriers and subsidies. Both sets of policies reduced global economic welfare and agricultural trade, and almost certainly added to global inequality and poverty and to food insecurity in many low-income countries.

Progress has been made over the past three decades in reducing the trend levels of agricultural protection in high-income countries and of agricultural disincentives in African and other developing countries. However, there is a propensity for governments to insulate their domestic food market from fluctuations in international prices, and that has not waned. That action amplifies international food price fluctuations, yet when both food-importing and food-exporting countries so engage in insulating behaviour, it does little to advance their national food security.

Kym Anderson argues much scope remains to improve economic welfare and reduce poverty and food insecurity by removing trade distortions. He summarizes indicators of these trends and fluctuations in trade barriers before pointing to changes in both border policies and complementary domestic measures that together could improve African food security. ??