Course

Tariffs

Instructor: Alex Tabarrok, George Mason University

This is " Tariffs and Protectionism " from our Principles of Economics: Microeconomics course. We’ll look at the costs and consequences of tariffs, quotas, and

This is "Tariffs and Protectionism" from our Principles of Economics: Microeconomics course.

We’ll look at the costs and consequences of tariffs, quotas, and protectionism. How do tariffs affect consumers? What about producers? Who wins and who loses? Find out with this video.

We’ll apply supply, demand, and equilibrium to real-world examples — like that of protectionism in the U.S. sugar industry — to determine lost gains from trade or deadweight loss, the tariff equilibrium vs. the free trade equilibrium, and the value of wasted resources as a result of tariffs.

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