Protectionist Quotas

Quotas offer policymakers looking to protect domestic industries from foreign competition another tool to keep imports out. This lesson provides a graphical analysis of the impact of a protectionist quota and evaluates its effect on domestic and foreign stakeholders.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...

[@ivorpeanut5560]

WOW. This video was amazing; comprehensive, simple and straigh to the point. The world needs more people like you! Thank you!

[@first7120]

This is probably the best video on this I could find, great help, in analyzing in depth what actually matters in an exam relevant structure.

[@prinsphil]

Amazing video. i understood the concept within 15 min. my classes cover the same in 60 min. please continue making these :D

[@divisharstg]

Honestly, the best analysis video on the subject. Thank you so much.

[@niharikasaini9696]

omg ..you have made economics so easy and interesting ..please continue making more such videos ..

[@kaustav7498]

This video really helped me out a lot to just go over all the topics as I have an exam tomorrow, thank you so much! A question about the impact on government - can't the govt sell quota licenses to producers to earn some revenue?

[@cirianar]

Why does supply shift rightwards? After all in microeconomics we learned that supply is ONLY shifted by 5 factors and is not dependent on quantity demanded. Why doesnt the price just adjust to the domestic equilibrium price like what happens in a microeconomic shortage?

[@gregtheflyingwhale]

I am a bit late, but Is it possible to visualize an embargo? A complete ban of imports would result in supply shift to where Sw crosses Dk? But I am not sure, since Qdk will not move along the demand curve at all.

[@goknil4099]

thank you sm, this Video made it Very clear.

[@duytran-hg4cl]

still useful for me now, keep doing this great job

[@truman5560]

Jason you are amazing, Thanks!

[@tdofeldt5742]

9:03 isnt this incorrect because the import price should remain at Pw? Only the domestic price increases

[@tamoghnobanerjee5053]

i think he meant to say that people that import foreign goods have to pay Pq. The foreign producers make Pw.

[@ChristianDG21]

wich software are you using at?

[@woobienewdy6692]

Very precise and clear!

[@courage936]

I believe there is an error here, producers would produce 0 to Qq after Quota is introduced, imports would be made up of Qq to Qe1, and loss in consumption would be Qe1 to Qdk.
I'm not sure if I am right or not, but multiple text books contradict this video, I spent hours trying figure out what was going on ^^

[@pjotrguffens]

Yh there are two ways to draw the quota diagram, the one you are mentioning and the one in this video

[@courage936]

@@pjotrguffens thank you

[@emergingschoolofeconomics2065]

th-cam.com/video/CRJ1CCBbmrk/w-d-xo.html

[@emergingschoolofeconomics2065]

th-cam.com/channels/GAV9RO-qlgjTboIYVA-VEA.html

[@Victor-mx6vs]

9:03 is wrong. Foreign producers still take Pw instead of Pq

[@tdofeldt5742]

Exactly how dafuq can the import price increase when its supposed to be constant. Only the domestic price will increase.

[@shriyanspalshetkar5305]

foreign producers buy the good at the world price but sell it in the domestic market for the domestic price Pq hence their revenue is (Qq-Qk)*Pq

[@creamofthecrop4339]

amazing video! first one i found that actually helped

[@RDW1216]

man is so underated

[@AtifAziz0077]

good one

[@emmali3796]

Truly amazing content.

[@Adel-qo2cn]

Watched this video literally around 10 times. Still don't get how imports are then sold at a higher price...

[@namanparakh624]

diku

[@sarthakarora3763]

because quotas lays down restriction/barriers to the entry of goods in domestic market. Thus, leading to decrease in the supply with already high demand. Hence increasing the price of imports.

[@atharwashah324]

Adel imports are sold at a higher price since the world price increases

[@emergingschoolofeconomics2065]

th-cam.com/video/CRJ1CCBbmrk/w-d-xo.html

[@wanderlewis8552]

@@atharwashah324 the world price does not increase but the local one in order to clear the market, in other words create an equilibrium

[@Rue_IDK]

thank you you made it very easy for me to understand

[@markkoo1850]

A high quality of video you made. Thank you very much. I was wondering what screening program and the sketchboard software you used to create the video?

[@-etaq8474]

Onenote obviously (for the sketch board software). And I think most computers with Windows or macOS has such a screening function.

[@nataliesvt]

what he's writing in is onenote

[@tulinhvuong9446]

why my book does not write like that?...

[@carolinec8804]

Amazing, thank you!

[@maggiema4762]

awesomeeee vidddd！！！！

[@Phazratali786]

cool sir

[@andrebohnstedt9740]

The graph is wrong

[@jaehyunlee3373]

Thick black pen..

[@plizzy6844]

I finally get it🗿 thank fuck I can finally move on

[@SRN-L]

applesss
i have an apple
i have a pen
ugh
apple-pen

[@nazalsakkaf3360]

you are talking too fast , thank u btw

[@mobin-despoubellespascomme7727]

Naz Alsakkaf yea..i agree..even i had difficulty in coping..

[@CouraTheExplora]

you can rewind lol

[@tonyhart2961]

lower playback speed