This free video course takes 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 our "International Trade" certificate on your profile.
International trade brings a number of valuable benefits to a country, including: ... Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus.
Michael Ayodele Akinsuyi
Michael Ayodele Akinsuyi completed this course, spending 6 hours a week on it and found the course difficulty to be hard.
It was an interesting course. Well explained with real life and pragmatic examples. A job well done by the lecturers .