Title: Credit Unit 4 Introduction
Course: SkillsCom EC 202 15.0 > Section: Credit Unit 4 Module 1- Comparative Advantage & the Gains from International Trade

Credit Unit 4 examines trade and financial flows between countries. The Modules cover the gains from trade, tariffs, and quotas, how trade is measured, exchange rates, international capital markets, and "trade wars” between nations. This analysis will use the familiar tools of economic surplus, market equilibrium, and the aggregate demand and supply model.

Course Outcomes:

- Discuss the role scarcity plays in defining economic choices and how individuals, companies and nations resolve these issues.
- Apply the concepts of comparative and absolute advantage to explain the benefits of trade.