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International Trade, Public Goods, and Externalities

International Trade, Public Goods, and Externalities

This course is part of Principles of Microeconomics Specialization

Instructor: Pearson

Included with Learn more

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1 module

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

5 hours to complete

Flexible schedule

Learn at your own pace

1 module

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

5 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Analyze the economic impact of global trade and the effects of trade restrictions on market participants.
Evaluate market failures, including public goods and externalities, and the role of government in promoting efficient outcomes.

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This course is part of the Principles of Microeconomics Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There is 1 module in this course

This course empowers you to analyze the complexities of global markets, from the gains and losses of international trade to the impact of trade restrictions. You will learn to differentiate between public, private, and common resources, and explain how externalities cause market failures like the tragedy of the commons. This provides a critical framework for evaluating government policies and understanding some of today’s most pressing economic and environmental challenges.

In this course, we will focus on global trade, resource categories, and the societal consequences of economic actions. You will explore the dynamics of global markets in action, where supply and demand meet on a global scale. You will also assess trade restrictions, comprehending their dual impact on economies. This course also defines and discusses public, private, common, and club goods, emphasizing resource allocation efficiency using MSC and MSB graphs. You will also learn about the consequences of externalities, understanding how unaccounted-for costs and benefits impact economic decisions.

What's included

1 video2 assignments3 app items4 plugins

1 videoTotal 3 minutes

Externalities3 minutes

2 assignmentsTotal 120 minutes

Practice Quiz60 minutes
Graded Quiz60 minutes

3 app itemsTotal 140 minutes

Reading: Global Markets in Action pp. 217-24550 minutes
Reading: Externalities pp. 247-27045 minutes
Reading: Public Goods and Common Resources pp. 271-29645 minutes

4 pluginsTotal 20 minutes

Interactive: Protectionist Measures5 minutes
Interactive: Goods and Resources5 minutes
Interactive: Efficient Provision of Goods using MSB and MSC Graphs5 minutes
Interactive: Methods of Reducing Negative Externalities5 minutes

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Instructor

Pearson

152 Courses179 learners

Offered by

Pearson

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Frequently asked questions

Yes, you can preview the first video and view the syllabus before you enroll. You must purchase the course to access content not included in the preview.

If you decide to enroll in the course before the session start date, you will have access to all of the lecture videos and readings for the course. You’ll be able to submit assignments once the session starts.

Once you enroll and your session begins, you will have access to all videos and other resources, including reading items and the course discussion forum. You’ll be able to view and submit practice assessments, and complete required graded assignments to earn a grade and a Course Certificate.