ch08 The Instruments of Trade Policy 国际商务硕士 国际经济学 教学课件.pptVIP

Chapter 8 The Instruments of Trade Policy Preview Partial equilibrium analysis of tariffs: supply, demand, and trade in a single industry Costs and benefits of tariffs Export subsidies Import quotas Voluntary export restraints Local content requirements Types of Tariffs A specific tariff is levied as a fixed charge for each unit of imported goods. For example, $1 per kg of cheese An ad valorem tariff is levied as a fraction of the value of imported goods. For example, 25% tariff on the value of imported cars. Let’s analyze how tariffs affect the economy. Supply, Demand, and Trade in a Single