Title: Module 1 Introduction: (CU4 M1)
Course: SkillsCom EC 202 15.0 > Section: Credit Unit 4 Module 1- Comparative Advantage & the Gains from International Trade

Module 1 examines the basis for trade, gains from trade, and government regulations on trade. Moreover, the material includes an analysis of winners and losers when there is free trade and when there is a tariff or quota.

Module Outcomes:

- Explain the basis for trade and determine if countries can gain from trade.
- Describe and graph the changes in economic surplus under free trade and regulated trade.
- Using the changes in economic surplus, describe who wins and who loses from free trade and regulated trade.