Tag: International Trade & Finance

Adam Ruins Manufacturing

A lot of the recent discussion on the manufacturing industry has framed the loss of employment as a reduction in manufacturing capacity. The US manufactures more physical goods than ever, but it’s using labor as the primary input. In this segment of Adam Ruins Everything, we meet Hank who has recently been laid off from his job at the factory. In an earlier segment, Hank and Adam discuss major economic measures like GDP and Unemployment. In this segment, they discuss some of the misperceptions about manufacturing.

Adam Ruins Everything is a half-hour informational comedy where host, Adam Conover, debunks popular myths. Each episode is divided into 3 segments with some common themes. In the Spring of 2018, James Tierney and I sat down to go through all three seasons of Adam Ruins Everything to pick out examples in each episode that could be used in an economics course.

In the Summer of 2020, the paper was officially published in The Journal of Economics and Finance Education, which you can read online.

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Jimmy Kimmel Live — 2nd Grader Explains Trade Deficits

 

 

With the recent stretch of tariffs being imposed on other countries (and other countries on us), Jimmy Kimmel uses some of his showtime to interview 2nd graders about the trade deficits. The basis of the segment comes from Trump’s misguided tweet regarding trade deficits and why a trade war won’t hurt the US:

Shiloh, our 2nd grader, explains the pros and cons of international trade, including the potential for lost jobs in the US and unsafe working conditions abroad. She also highlights the pros of trade by noting countries are able to buy more things, create jobs in exporting industries, and bring countries together.

Thanks to Abdullah Al-Bahrani for the post!

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Brad Paisley: American Saturday Night

This is one of the better “lyrics” music videos made by a YouTube user for Brad Paisley’s American Saturday Night. I use this song as my pre-class music for the international trade chapter. I use this as an introduction to start talking about why we have preferences for items from certain regions of the world and why we don’t just make them all here?

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