This course will help businessmen and students as well to understand the different policy-related concepts of the trade such as Tariff, subsidy, and quota. There are many other concepts where the increased profit margin of the companies under trade as well as countries will be better off.

International Trade Policy/business growth and university

Tariff Analysis is a tool to control imports and protect the local industry. The protection of local industry will increase the employment level at the domestic level.

consumer and producer surplus under Tariff: due to tariffs the consumer and producer surplus will affect. You will learn the consumer and producer surplus without tariff and with tariff. The world equilibrium of price and quantity is based on different policies.

The export subsidy is for the exporters to compete in the international market. On the other side, Quota is another import barrier to protect the local industry, but tariffs generate tax revenue for the government. In the case of Quota government can earn money only in terms of license fees. You will learn about the welfare analysis under quota and Tariff.

The whole course is related to the policy side of international trade. We can say this is the application of the theory and you will see how the real economy is working.