Tariffs

Econs for the Ipod

Nov 13, 20093:48Education

In this episode, we define what a tariff is and construct a simple model to demonstrate the effects of the tariff on domestic and world markets. We also discuss some of the disadvantages of tariffs.

Related Episodes

Continue listening to more episodes from Econs for the Ipod.

Subsidies

Jan 20, 2010 - 22:51

In this episode we define subsidies and describe how to construct a model of subsidies that includes worl...

Quotas

Nov 16, 2009 - 3:02

In this episode, we define quota and describe how to construct a model showing a quota. We also highlight...

Comparative Advantage

Nov 12, 2009 - 5:00

In this episode we discuss the theory of comparative advantage and work through a numerical example. We a...

Reasons for Trade

Aug 25, 2009 - 3:27

This is a special podcast specifically for my Year 13 students returning from Sun Island. This episode wi...

Distribution of Income (Part 2)

Aug 22, 2009 - 5:18

In this podcast, we discuss the thinking behind the Laffer Curve and the importance of transfer payments...

Distribution of Income (Part 1)

Aug 22, 2009 - 4:10

In this podcast, we look at the features of a good tax system. We define progresive, regressive and propo...

The Phillips Curve

Aug 22, 2009 - 3:31

In this episode, we describe the Phillips Curve relationship between inflation and unemployment. In doing...

Causes and Costs of Inflation

Aug 22, 2009 - 7:06

In this podcast we differentiate between three main causes of inflation and discuss some of the costs of...