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This video talks about Nominal and effective rate of protection. Import Tariff is one of the instruments of Trade Policy. Reference : Krugman Chapter 9. You should listen to the video and make notes, after reading a reference. For any course related query please call 9999886629 or visit nishantmehra.com Links to other Demo videos: 1. Incidence of Tax • Incidence of Tax [UGC NET Economics] [IES/... 2. Risk Averse and Expected Profit and Less Standard Deviation • [NTA UGC NET Economics] Risk Averse and Ex... 3. Aggregation of Preferences and the Statement of Arrow Impossibility Theorem • Aggregation of Preferences and the Stateme... 4. Optimal Provision of Public Goods • Optimal Provision of Public Goods 5. Externalities and Market Failure • Externalities and Market Failure 6. Introduction to Public Economics and Welfare Functions • Introduction to Public Economics and Welfa... 7. Nominal and Effective Rate of Protection (Import Tariff) • Nominal and Effective Rate of Protection (... 8. Hecksher Ohlin Model Part 1 • Hecksher Ohlin Model Part 1 9. Services Led Growth • [IES/IAS Economics Optional/UPSC] Services... 10. Specific Factors Model and Income Distribution Part 1 • [IES/UPSC/IAS Economics Optional] Specific... 11. Ricardian Model Part 1(Introduction to Comparative Advantage and PPF) • [IES/IAS Economics Optional] Ricardian Mod... 12. National Income Trends and Indian Growth Experience • 78 (IES/IAS Economics Optional) National ... 13. Classical Theory of Income and Employment • [IAS/IES Economics]Classical Theory of Inc... 14. Bertrand Model (Bertrand Paradox) • Bertrand Model (Bertrand Paradox) [IAS UPS... 15. Indirect utility function and Expenditure function (IES 2018) • Indirect utility function and Expenditure ... 16. Elasticity of Substitution and Cobb Douglas Production Function (IES 2018) • Elasticity of Substitution and Cobb Dougla... 17. Economic Rent and Elasticity of Factor Supply (IES 2018) • Economic Rent and Elasticity of Factor Sup... 18. Price ceiling • Price ceiling 19. Elasticity of Demand and Supply Part3 • Elasticity of Demand and Supply Part3 20. Budget Constraint Part 4 Taxes, subsidies, rationing, Quantity Discounts, Food Stamp Program • Budget Constraint Part 4 Taxes, subsidies,... 21. Budget Constraint Part 1 (Slope of BL and Numericals) • Budget Constraint Part 1 (Slope of BL and ... 22. Demand and Supply • 1. Demand and Supply 23. Mercantilism • [IES/IAS Eco UPSC Coaching] Mercantilism 24. Classical and Neo Classical Economic Thought (IES Paper 2, 2018) • Classical and Neo Classical Economic Thoug... 25. Elasticity Theorems • Elasticity Theorems [UPSC/IAS Economics Ma... 26. Substitution Effect and Income Effect • Substitution Effect and Income Effect [IAS... 27. Utility Functions Previous Years Questions • Utility Functions [IAS/UPSC Economics/IES]... 28. Consumer Surplus • Consumer Surplus [IAS/UPSC Economics/IES] 29. IES Paper 1 2013 Q2; IES 2017, Q1 (a); IAS 2012, Q 1(a) Indian Economic Services • IES Paper 1 2013 Q2; IES 2017, Q1 (a) ;IAS...