Week 5 Part 2

ECON1101 Term 2 2026 Week 5 Part 2 2:54 recap of previous lecture 10:01 importing a good on a diagram 12:15 distribution of surplus from importing goods 14:24 benefits from trade 19:03 import tariff definition 19:41 tariffs on a diagram 25:53 distribution of surplus from an import tariff 35:16 import quota definition 36:15 import quota on a diagram 43:47 distribution of surplus from an import quota 49:03 worked example - ch 6 additional question 10