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  • Market failure, trading blocs, international trade

Click to read the article below and then answer the questions:

Fish exports are a drop in the ocean next to overseas student fees

  • Define merit good

  • Explain why overseas students can be classified as educational exports

  • Using the link provided in the article, and with reference to page 10 of the linked document, compare the value of UK higher education exports in 2020 to those of pharmaceuticals and aerospace

  • To what extent is the UK’s educational export drive constrained by traditional trade deals

  • What are the unintended consequences associated with the reintroduction of post-study work visas

  • Evaluate whether the historical cachet associated with higher education in the UK is the main source of its comparative advantage

Gavin Clarke, Emmanuel College

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