{"id":223,"date":"2024-05-30T03:28:19","date_gmt":"2024-05-30T03:28:19","guid":{"rendered":"https:\/\/course.oeru.org\/maec103\/?page_id=223"},"modified":"2024-05-30T03:28:19","modified_gmt":"2024-05-30T03:28:19","slug":"summary","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec103\/learning-pathways\/international-trade\/summary\/","title":{"rendered":"Summary"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>\nIn this pathway we were introduced to macroeconomic concepts around international trade, which serves many functions aside from the exchange of goods and services at a global level. We then looked at absolute and comparative advantages from international trade, and its relationship to specialization. Finally, we looked at trade barriers, including tariffs and quotas, and examined whether trade barriers benefit or ultimately hurt a nation&#8217;s economy.<br style=\"clear:both;\">\n<\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"question\" src=\"https:\/\/course.oeru.org\/maec103\/wp-content\/themes\/oeru_course\/idevices\/Icon_qmark.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Ask OERu<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Remember that if you have any content related questions about this section, please visit our community-based question and answer forum.\n<\/p>\n<ul>\n<li> First scan or search to see if your question has been asked before to avoid duplicate questions\n<\/li>\n<li> If you don&#8217;t find what you are looking for, post a new question.\n<\/li>\n<\/ul>\n<p>Visit [[[:Principles of Macroeconomics\/MAEC103 AskOERu]] Ask OERu] to post questions and support fellow learners if you know the answers.\n<\/p>\n<div style=\"margin: 2ex; width: 100%;\">\n<hr width=\"25%\"><small><b>Ask OERu<\/b> is a community-based support forum hosted on <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/forums.oeru.org\">forums.oeru.org<\/a>. Remember to reward good answers and questions by liking the post. <br \/><font color=\"green\">Please add the course tag to your post<\/font>: <b>maec103<\/b><br \/>\n<\/small><\/div>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n<\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.019 seconds\nReal time usage: 0.023 seconds\nPreprocessor visited node count: 128\/1000000\nPreprocessor generated node count: 967\/1000000\nPost\u2010expand include size: 4861\/2097152 bytes\nTemplate argument size: 2100\/2097152 bytes\nHighest expansion depth: 8\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:178226-0!*!*!*!*!2!* and timestamp 20240530032819 and revision id 1010904\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/maec103\/learning-pathways\/international-trade\/tariffs-and-quotas\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/maec103\/learning-pathways\/international-trade\/start-international-trade-activity\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Macroeconomics_monetary_policy\/International_trade_summary\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"a65278a5c672b9e6ccb5a0f94883699b\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Macroeconomics_monetary_policy\/International_trade_summary\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"a65278a5c672b9e6ccb5a0f94883699b\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>In this pathway we were introduced to macroeconomic concepts around international trade, which serves many functions aside from the exchange of goods and services at a global level. We then looked at absolute and comparative advantages from international trade, and its relationship to specialization. Finally, we looked at trade barriers, including tariffs and quotas, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":213,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-223","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/maec103\/wp-json\/wp\/v2\/pages\/223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/maec103\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/maec103\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec103\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec103\/wp-json\/wp\/v2\/comments?post=223"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/maec103\/wp-json\/wp\/v2\/pages\/223\/revisions"}],"predecessor-version":[{"id":224,"href":"https:\/\/course.oeru.org\/maec103\/wp-json\/wp\/v2\/pages\/223\/revisions\/224"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec103\/wp-json\/wp\/v2\/pages\/213"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/maec103\/wp-json\/wp\/v2\/media?parent=223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}