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ECON 360 International Economics
Opening
Prayer
PAPER
Book Review of FreeTrade Under Fire by Douglas Irwin -
EXAM
Final
Tuesday December 6th
2:00 - 4:50
Economics
The study of how human
beings create value for one
another
The 14 Arguments for
Protection
1 National Defense
2 Infant Industries
3 Debt
4 Jobs
5 Subsidy
6 Environmental Standards
7 Labor Standards
8 Negotiating Strategy
9 Retaliation
10 Dumping
11 Culture
12 Self-Reliance Independence
13 Tari
ff
Tax Revenue
14 Supply Chain
Arguments for Protectionism
National Defense
Infant Industries
Debt
Save Domestic Jobs
Competitor Enjoys
Subsidies
Lower Environmental
Standards
Lower Labor
Standards
Serves as a
Negotiating Strategy
Retaliation
Foreigner is dumping
at below cost
Culture
Self-Reliance
Independence
Autarky
Government Tax
Revenue
Supply Chain
Chart a Tariff
Local Supplier
Foreign Supplier
Foreigner Supplier with Tariff
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
0 1 2 3 4 5 6 7 8 9 10
Demand
Quantity
Consumer
Surplus
Producer
Surplus
Consumer
Surplus
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
0 1 2 3 4 5 6 7 8 9 10
Demand
Quantity
Producer
Surplus
Producer
fi
ciary are the poor
Political Case
Cooperation promotes
peace
Bastiat
Empirical Case
Evidence and Experience
Support
International Finance
Exchange Rates
Risks
Arbitrage
Law of One Price
International
Trade
Organizations
Economics
The study of how human
beings solve each another’s
problems
Questions
"Happiness is the object and
design of our existence; and will
be the end thereof, if we pursue
the path that leads to it; and this
path is virtue, uprightness,
faithfulness, holiness, and keeping
all the commandments of God.
"In obedience there is joy and
peace . . . and as God has
designed our happiness . . . , He
never has — He never will . . .
give a commandment to His
people that is not calculated in
its nature to promote that
happiness which He has
designed."
Economics
and the Gospel
For the earth is full, and there is enough and
to spare; yea, I prepared all things, and have
given unto the children of men to be agents
unto themselves.
- D&C 104:17

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INT 18.pdf