Chapter 3, Interdependence and the Gains from Trade.

1. Introduce the topic

1. Analyze the impact of pandemic-induced trade protectionist policies during COVID-19 on U.S. productivity, economic efficiency, and productive resources.

It is not necessary to read all the publications listed below, you may choose a few articles to read:

• Reshaping Global Value Chains in Light of COVID-19: Trade, Development & Climate Change.
• Closing Pandora's Box: The Growing Abuse of the National Security Rationale for Restricting Trade | Cato Institute
• The Pandemic Does Not Demand Government Micromanagement of Global Supply Chains | Cato Institute
• Why pandemic-induced trade protectionism will affect tax for years
• The Effects of Pandemics on Trade and Private Property | Mises Institute

I encourage you to support your answer with personal experience and additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

1. "At the start of the pandemic, and even a little before (remember the U.S.-China trade war?), some folks wondered if we were about to see the end of offshoring and whether U.S. companies would start to bring factories and jobs back from overseas." Will Covid-19 bring production back to the U.S.?

• Everything You Think You Know about 'Offshoring' Is (Probably) Wrong | Cato Institute
• 5 charts show how much the U.S. and Chinese economies depend on each other
• How is COVID-19 affecting US trade?
• Debunking the onshoring narrative - Marketplace

1. In what ways does the conflict between Russia and Ukraine affect the U.S. economy? Use the Demand and Supply model to explain.

• How Big a Threat to the US Economy Is the War in Ukraine? | The New Yorker
• How Russia's Invasion Of Ukraine Could Affect Europe And US Economy

I encourage you to support your answer with personal experience and additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

1. If you explore one question related to this topic in greater depth, what would it be?