Models - Tariffs and Quotas Part 1

[lr]

wish I discovered these lectures earlier! So helpful and really clear and good

[jianghaoyoutube]

Watching this just the night before my exam 😂

[raihankhan]

I wonder if producer surpluses are lost from trade opening up, then what about the gains producers get from selling overseas? Or was this graph specific to their surplus within their home economies not accounting for potential increase in PS at the international level?

[themagician]

Sir, would you add what happens to the terms of trade of small country after it imposes import tariff? Does it improve and deteriorate