Int 18

2. ECON 360 International Economics

3. Opening
Prayer

4. PAPER
Book Review of FreeTrade Under Fire by Douglas Irwin -
EXAM
Final
Tuesday December 6th
2:00 - 4:50

5. Economics
The study of how human
beings create value for one
another

6. The 14 Arguments for
Protection

7. 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

8. National Defense

9. Infant Industries

10. Debt

11. Save Domestic Jobs

12. Competitor Enjoys
Subsidies

13. Lower Environmental
Standards

14. Lower Labor
Standards

15. Serves as a
Negotiating Strategy

16. Retaliation

17. Foreigner is dumping
at below cost

18. Culture

19. Self-Reliance
Independence
Autarky

20. Government Tax
Revenue

21. Supply Chain

22. Chart a Tariff
Local Supplier
Foreign Supplier
Foreigner Supplier with Tariff

23. $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

24. 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

25. Surplus
Producer

28. fi
ciary are the poor

29. Political Case
Cooperation promotes
peace
Bastiat

30. Empirical Case
Evidence and Experience
Support

31. International Finance
Exchange Rates
Risks
Arbitrage
Law of One Price

32. International
Trade
Organizations

33. Economics
The study of how human
beings solve each another’s
problems

34. Questions

36. "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."

37. Economics
and the Gospel

38. 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