Join us in London, Birmingham, Bristol or Portsmouth for a Grade Booster Cinema Workshop and smash your exams this summer!

Topic Videos

Key Diagrams - Import Tariffs and Economic Welfare

A-Level, IB
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 28 May 2022

This video walks through the impact of an import tariff on consumer and producer surplus, tax revenues and the deadweight loss of welfare.

Key Diagrams - Import Tariffs and Economic Welfare

Develop your import tariff diagram to show the economic welfare effects. This will get you higher marks for analysis and also help to support stronger evaluation especially when you are discussing who wins and who loses from trade protectionism.

Remember that many countries also use non-tariff barriers such as import quotas and domestic subsidies when introducing restrictions on international trade. These two can also be used as analysis diagrams if requested by a question.

© 2002-2023 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.