I was basically writing what he was saying, in case this is useful to anyone: The tariff increases price of imports from P1 to P2. As imports increase, quantity supplied domestically from Q1 to Q3. domestic Quantity demand has decreases from Q2 to Q4. AS a result import has shrunk from Q2-Q1 to Q4-Q3. First point: Import has fallen, Domestic production has increased as the price increase domestic supply increase from P1 to P2. Price have increased P1 to P2 The govt revenue=(P2-P1)(Q3-Q2) Talk about advantages Imposition of tariffs has a number of advantages Decrease current account deficit,( increases Agregate Demand + Increase Y), decrease in govt budget deficit, protect small businesses, decrease in domestic unemployment. NEED TO FIND EVIDENCE FROM ARTICLE Current account deficit means that the value of imports is greater than the value of exports. By imposing a tariff and reducing the volume of imports the current account deficit decrease This leads to second point Import decreases, agregate demand increases, AD = consumption+investment+govt spending+ exports - imports. If inputs get smaller AD will increase leading to a shift of the AD to the right increasing output. (150-200) Third point: Refers to case where govt revenue is less that govt spending and tariffs provide a source of income for the govt. 4th point: tariffs gives them time for their economies to scale in order to compete with foreign firms. 5th point, as a resut of protecting firms, this is going to reduce domestic unemployment. Try to find evidence Next paragraph: Disadvantages 1st: Retaliation (revenge(trade war)). When a country imposes a tariff on a country, the other country retaliates by also imposing tariffs on the first country. This reduces exports for both countries. If a country retailates then the Increasing AD and reducing current account deficit will not exist because exports are also decreasing 2nd: Higher priice levels.Higher price levels will harm retailers who sell imported goods. 3rd: Loss of efficiency: Domestic production increases, foreign production decreases, however it is during this process more efficient world producers will be replaced by domestic produces/market. This leads to efficiency loss. 4th Consumer surplus loss: Price level of good increases, less of it is demanded, this results in loss of consumer surplus 5th consumer choice: Less imports in a country consumer loss decreases 6th: Technological advancement, as import of a country decreases, domestic firms are less exposed to technolotically advanced foreign firms and this will reduce the overall technolotical advancemnt from the country. (200-300 words) FIND EVIDENCE Conclusion: A tariff reduces unemployment and current account deficit, however on the long run thiis will usually lead to a trade war and lead to efficiency loss across the world. Therefore tariff is not a feesible long run solution. Adapt to article
I already finish mine but I'm concern about the graphs. Did you do 2 graphs? I just did the one of the video. In the first two IA's I also used a graph for the solution of the problem, is not need it in this case right?
something i want to add on is that tariffs inhibit free trade, so all advantages of free trade are not as prominent as they would be in an economy without protectionist measures.
Thank you, HKEXCEL! Your videos helped me get full marks (lvl 7) for all my economics IAs in record time. I did my IAs a month or so before the deadline.
If I'm doing an IA on International economics and my evaluation briefly goes over positive and negative production externalities, should i include a diagram for that? Or would it not fit into the international economics section? Thank you!
I feel like too many people will or have already done their IA on tariffs. Is there another good topic that I can do my IA on in international trade? Please help. urgent
+Senior Pages Just draw whichever one is related to your article. If you don't have an imposition or removal of a tariff in your article, no point in making tariff diagram. This man recommended getting a tarriff article because it is the easiest of the Intl economics diagrams.
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today.
this video saved my ass man, god bless HK Tutor. Rip tho there prob gonna be no more videos cause China is about to take over your asses. LMAO imagine being colonized in 2021. HAHAHAHAH
This video helped so much! May God bless you all! Whoever reading this, God knows what you are facing through, He heard your cry, He is going to deliver you. Just trust in Him.
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today.
May God soften you heart to receiving Jesus Christ, our Redeemer, as your personal LORD and Savior. Repent and trust in Him today.
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today. May God soften you heart to receiving Jesus Christ, our Redeemer, as your personal LORD and Savior. Repent and trust in Him today.
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today.
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today. May God soften you heart to receiving Jesus Christ, our Redeemer, as your personal LORD and Savior. Repent and trust in Him today.
I was basically writing what he was saying, in case this is useful to anyone:
The tariff increases price of imports from P1 to P2. As imports increase, quantity supplied domestically from Q1 to Q3. domestic Quantity demand has decreases from Q2 to Q4. AS a result import has shrunk from Q2-Q1 to Q4-Q3.
First point: Import has fallen,
Domestic production has increased as the price increase domestic supply increase from P1 to P2.
Price have increased P1 to P2
The govt revenue=(P2-P1)(Q3-Q2)
Talk about advantages
Imposition of tariffs has a number of advantages
Decrease current account deficit,( increases Agregate Demand + Increase Y), decrease in govt budget deficit, protect small businesses, decrease in domestic unemployment.
NEED TO FIND EVIDENCE FROM ARTICLE
Current account deficit means that the value of imports is greater than the value of exports. By imposing a tariff and reducing the volume of imports the current account deficit decrease
This leads to second point
Import decreases, agregate demand increases, AD = consumption+investment+govt spending+ exports - imports. If inputs get smaller AD will increase leading to a shift of the AD to the right increasing output. (150-200)
Third point: Refers to case where govt revenue is less that govt spending and tariffs provide a source of income for the govt.
4th point: tariffs gives them time for their economies to scale in order to compete with foreign firms.
5th point, as a resut of protecting firms, this is going to reduce domestic unemployment.
Try to find evidence
Next paragraph: Disadvantages
1st: Retaliation (revenge(trade war)). When a country imposes a tariff on a country, the other country retaliates by also imposing tariffs on the first country. This reduces exports for both countries. If a country retailates then the Increasing AD and reducing current account deficit will not exist because exports are also decreasing
2nd: Higher priice levels.Higher price levels will harm retailers who sell imported goods.
3rd: Loss of efficiency: Domestic production increases, foreign production decreases, however it is during this process more efficient world producers will be replaced by domestic produces/market. This leads to efficiency loss.
4th Consumer surplus loss: Price level of good increases, less of it is demanded, this results in loss of consumer surplus
5th consumer choice: Less imports in a country consumer loss decreases
6th: Technological advancement, as import of a country decreases, domestic firms are less exposed to technolotically advanced foreign firms and this will reduce the overall technolotical advancemnt from the country. (200-300 words) FIND EVIDENCE
Conclusion: A tariff reduces unemployment and current account deficit, however on the long run thiis will usually lead to a trade war and lead to efficiency loss across the world. Therefore tariff is not a feesible long run solution. Adapt to article
I already finish mine but I'm concern about the graphs.
Did you do 2 graphs? I just did the one of the video.
In the first two IA's I also used a graph for the solution of the problem, is not need it in this case right?
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something i want to add on is that tariffs inhibit free trade, so all advantages of free trade are not as prominent as they would be in an economy without protectionist measures.
saying your a fucking legend ain't enough...
IA due one hour, Because IB students live life on the edge!
literally 1 hr from now for Me OLOLOLOL
Learner profile: Risk taker
speak for yourself id prefer to be jumping off the edge
@@Tigerrzzz awh i felt that but like im in uni now and i managed to graduate IB....so i believe in u, dont give up like that i know u can do this
due 11 minutes ago for me🥲
I swear this guy saved my life, asian jesus
Life? Are you sure you are on the right course? xd
Ib students have no lives
What did you get for your IA? was this video helpful?
actually did pretty good... that was a year ago tho LOL
@@Clikzvidz These vids are evergreen and a life savior for us ib students...Again a year later. :D
2020 and still saving lives
I didn't even watch the video, I just liked & subbed because you seem like a nice guy
cutest thing i've heard in my IB life
This is probably the most beautiful video, I have ever seen on TH-cam!! Thank you so very much!!
not all hero's wear capes
gay
Not all IB students have good grammar
Thank you, HKEXCEL! Your videos helped me get full marks (lvl 7) for all my economics IAs in record time. I did my IAs a month or so before the deadline.
+Anara Chiongbian Haha this guy is great. Could you please send the articles you used for your ia's? :)
dude help me please
U ARE AN ANGEL TYSM, IB moved due dates up so my teacher has no time to look over out international IAs. I NEEDED THIS!!
I’ve literally followed all your videos for all my ia. God bless
ryan u the real mvp
2022 and you still saving people. my guy
saves my life I have only a few hours to write mine and this really gave such good ideas. Thank you so much
THANK YOU SO MUCH I did mine really last minute and got a 7 HAHAHAHAHA
I did two IAs the night before handing it in ...... thank you for your videos
+Merry Liu Hey congrats! Could you please send the articles that you used for your ia?
legend, still helps to this day, thank you very much
this video is a godsend. all your IA videos have helped me organize my ideas so much! thank you!!
My IA's are due on monday, you are a life saver. Thank you.
These videos save a crazy amount of time and effort! Thanks so much!
tysm for making these videos, I got a high 6 from your last video and barely spent much time on it tysm!
Fuck two years of diploma classes, all my homies and I watch HKEXCEL Education Centre for our IA
Thank you :D Really helped me. I am usually organised, but third term is chaotic to say the less!
You are indeed a life saver!! Thanks for all your help :D
God bless your soul sir.
gay
yeah it definitely helped but will see from my result :D 5 years passed since the video has uploaded, hope still they want the same stuff in ia
your videos saved me, in our school we got like no instructions on how to write the ias and this guy saved me. Asian Jesus indeed.
You are a prophet
gay
Thank you so Much!! This was extremely helpful!
The hero we all need, but don’t deserve
this was soooo helpful!! thank you sooo much! :)
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Thank u man! You saved my ass. I did well on my I.A. thanks to u! Great job man, great job.
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ily
What did you get for your IA? was this video helpful?
ily 2
Thank you soooo much! This is very helpful
pear srsly? lel i haven't done my eco ia yet
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I freaked out on Thursday night k. And this guy sure makes sense!
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You IB god. Thank you!
Thank you so much, you are my savior
What is the key concept? How do we relate it to the ideas?
If I'm doing an IA on International economics and my evaluation briefly goes over positive and negative production externalities, should i include a diagram for that? Or would it not fit into the international economics section? Thank you!
you are a life-saver!!!
You sir, are amazing. Thank you so much.
Bro you saved my life.
Thank you for this video! May God bless you all!
You deserve heaven (even if it doesn't exists)
You’re awesome!!!
This video is the reason I'm gonna pass economics
sir, in the ia's is it compulsory to talk about the article?
The REALEST ONE. EVER.
You’re awesome 😍😍
Thank you… can you do one on macroeconomics?? Please..
THANK YOU SO MUCH
I feel like too many people will or have already done their IA on tariffs. Is there another good topic that I can do my IA on in international trade? Please help. urgent
You Da Real MVP
Should we include 2 diagrams? One exlaining the Tariff Diagram and the theory and another one related to our Article?
+Senior Pages
Just draw whichever one is related to your article. If you don't have an imposition or removal of a tariff in your article, no point in making tariff diagram. This man recommended getting a tarriff article because it is the easiest of the Intl economics diagrams.
thank you king x
thank you so much
did any of you include this video in the bibliography of you IA or leave it out? cause im not sure what to do
+Maxi Ortner shhhh....
where is the video about how to write business ia????? I have seen it several days ago, could you please put it on youtube???????
I love you
you are a GOD
life saver
Thanks
And where is the second diagram? There is only one...
you're damn good
我愿称之为世界第一经济学家
This works
that is what she said
Thx
genius!
1:40
Link for IA support:
www.sachinsachdeva.com/p/ib-economics-internatl-assessment.html
legend
I love you :) *insert patrick star*
Thanks asian boy
i should’ve chosen IB geography
when you made this video you thought 600 views are a lot... look at your vids now
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today.
this video saved my ass man, god bless HK Tutor. Rip tho there prob gonna be no more videos cause China is about to take over your asses. LMAO imagine being colonized in 2021. HAHAHAHAH
Proud to be an Asian
كبير يال ورع الصيني
This video helped so much! May God bless you all! Whoever reading this, God knows what you are facing through, He heard your cry, He is going to deliver you. Just trust in Him.
asian jesus you sure are
chad
who dislikes this
let me put a ring on you baby daddy
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today.
May God soften you heart to receiving Jesus Christ, our Redeemer, as your personal LORD and Savior. Repent and trust in Him today.
Whoever reading this, God knows what you are facing through, He heard your cry, He is going to deliver you. Just trust in Him.
I LOVE YOU
Thank you so much! It rly helped
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today.
May God soften you heart to receiving Jesus Christ, our Redeemer, as your personal LORD and Savior. Repent and trust in Him today.
Whoever reading this, God knows what you are facing through, He heard your cry, He is going to deliver you. Just trust in Him.
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today.
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today.
May God soften you heart to receiving Jesus Christ, our Redeemer, as your personal LORD and Savior. Repent and trust in Him today.