Int'l Econ Media Resources
Due to online teaching, I incorporated most of the media resources below in my undergraduate international economics units for the first time in 2020. I received great feedback from my students regarding these resources, notwithstanding the link between shared media and the material taught is, at times, a stretch. My students’ enthusiasm has motivated me to share this more widely in the hope it might save you some time. Resources appear below according to the following topics:
Globalisation
Trade and Technology
Trade and Resources (short-run)
Trade and Resources (long-run)
International Movement of Labour
Trade Policy
National and International Account
Foreign Exchange Rates
Scroll down if you are interested in one particular topic.
Please note that I sourced most of the content below from the following websites, which you may wish to explore independently:
STORYLINE (Games)
If you have any feedback or additional media resources to share, please send me an email at laura.puzzello@monash.edu.
GLOBALISATION
I use the resources below in the first week of my unit when I provide an overview of globalisation and its history.
CLIPS
Avengers: The Story of Globalization (from the MRU Globalisation Curriculum)
Gains from Trade: Click here to watch a funny short video even my kids loved!
Trade creates Value- watch why!
TED (short) Talk: How Containerization Shaped the Modern World
Are we better off if we buy local?
TRADE AND TECHNOLOGY
I use the resources below in the week I cover the Ricardian model of trade.
CLIPS
Comparative Advantage and the Tragedy of Tasmania
Fair Trade: Does it help poor workers? (Stresses the relationship between real wages and labor productivity!
Click here to see what (sudden) autarky would look like
BRAIN BREAKS
Opportunity cost: A Country Take on Opportunity Cost
Production Possibility Frontier (PPF): A Country Take on the PPF
OTHER RESOURCES
Ricardo’s difficult Idea by Paul Krugman
What wage inflation looks like (The Economist, 2011)
TRADE AND RESOURCES (SHORT-RUN)
I use the resources below in the week I cover the specific-factors model of trade.
CLIPS
Creative Destruction: Trade and Technology (introduces the idea trade makes some people worse off- from the MRU Globalisation Curriculum)
Globalization who cares?... You do
OTHER RESOURCES
Click here to Play: Guess the effects of creative destruction on the US agricultural jobs, TV prices, and more (from the MRU Globalisation Curriculum)
TRADE AND RESOURCES (LONG-RUN)
I use the resources below in the week I cover the Heckscher-Ohlin model of trade.
CLIPS
Are there winners and losers from globalisation?
Labour-abundant countries tend to use more labor-intensive techniques of production (source: Economics Media Library)
BRIEFING
INTERNATIONAL MOVEMENT OF LABOR
CLIPS
What is the Economic Impact of Immigration?
A crash course in the economics of immigration
The case for immigration (by Giovanni Peri)
BRAIN BREAK
TRADE POLICY
CLIPS
How Companies Design Products To Avoid Tariffs
Who were the winners and losers of the 2018 trade war?
The Environmental Bias of Trade Policy
China's Panda Diplomacy. One of the coolest examples of international trade is China’s use of pandas as a tool for encouraging international trade. While the pandas (and their eventual cubs) may come with a hefty fee, the majority of these pandas accompany major international trade deals that countries sign with China. This quick explainer video outlines the way China uses pandas to their advantage. (Source: Econ Media Library)
Banana (Free Trade Camila Cabello Havana Parody)
GAMES
Guess Game: CO2 Emissions Worldwide (1970-2018)- Does trade liberalisation explain some of the patterns? Play here
To dodge Trump's tariffs click here
Law & Border: The Brexit Trade Game (Bloomberg)
OTHER RESOURCES
Trump's trade war timeline- an updated guide (Peterson Institute for International Economics)
NATIONAL AND INTERNATIONAL ACCOUNT
CLIPS
The Balance of Payments
The problem with global imbalances
Current Account Deficits: When to Act?
FOREIGN EXCHANGE RATES
CLIPS
Currency Exchange Rates and You
Arbitrage
Eurotrip- Exchange Rate (source: Economics Media Library). Makes one think about a currency's purchasing power.