On Monday 13th June, Year 12 A Level Economics students were treated to a talk on the US-China Trade War from Dr Anthony Priolo, Lecturer in Macroeconomics at Lancaster University. Anthony gave an in-depth insight into the role of trade and tariffs as well as their wider global impact.
The instigation of the trade war began in 2018 after the US decided to impose targeted tariffs on to Chinese imported goods, with China then looking to retaliate with their own tariffs on US goods, and has had a far reaching impact on different industries and trading partners. Students were able to gain detailed knowledge and understanding as to the impact of such events, as well as other economically significant policies depending on the size of the country in question. Anthony was able to detail the response of countries to these trade tariffs in a visual and interesting way, utilising materials he would usually use with his university students. This gave our Y12s a valuable experience as to a typical university lecture and the level at which they are pitched.
Anthony also treated our students to a range of careers advice from courses offered by Lancaster University Management School and his own career experiences to date of working as an economic consultant and for the Federal Reserve Bank of Minneapolis, before joining Lancaster University in 2020. After our talk from Anthony, we discussed the various theories and opportunties he had highlighted further and linked them to course contents we have been covering when investigating global economics, before discussing degree apprenticeships and university further too.