MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 - Lecture 15: Data and Policy in the United States

MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2OOOKqF In the US, the China shock refers to increased imports from China of relatively low-priced manufactured goods. This has an impact that varies locally, namely on US manufacturers who produce the same goods and cannot complete. Documented also is the adverse impact on wage labor, due to layoffs. But there are surprises for outcomes and mitigating mechanisms, previously undocumented movements in state-level trade balances, current accounts, and remittance flows. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.