International Trade: Welfare and Policy - Lecture 19
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Explore the welfare impacts of international trade, trade policy, and immigration in this 48-minute lecture from MIT's Principles of Microeconomics course (Fall 2023). Professor Jonathan Gruber examines how international trade affects economic welfare, analyzes various trade policies and their consequences, and discusses the economic implications of immigration. This lecture is part of MIT's OpenCourseWare initiative, with the complete course available online for free access under a Creative Commons license.
Syllabus
Lec 19: International Trade: Welfare and Policy
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MIT OpenCourseWare
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5.0 rating, based on 3 Class Central reviews
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Even though I am a Law student without a strong background in economics, this class was surprisingly easy to understand. The concepts of welfare analysis and trade policy were explained clearly, with excellent structure and real-world examples that…
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Excellent course! Covered export imports strategies and international trade laws effectively with all rules or regulations
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I learned that international trade policies shape global welfare by influencing efficiency, resource use, income distribution, and development, showing how fair policies promote growth and reduce inequality.