1. Global Trade in the
Post Classical World
globalization, y’all.
2. Economic systems
aren’t complex...
• basic economic system is agricultural
• We need to eat, priority #1
• Then what? Rank the next three things that
humans will prioritize.
• Can one person do all that for him or
herself?
3. at first...
• Now that subsistence is taken care of, and
a complex society is formed, what comes
next?
• Who makes decisions about who does
what job?
4. So the economic
system is established
• Some farm, some make products, and locals
swap goods and services.
• Equilibrium is reached (the supply meets
the needs and demands of the people in
the system)
• Why does it de-stabilize/fall out of
equilibrium?
5. External trade
• Why do people start looking outside their
local system for goods and services?
• Needs vs. Wants; what is human nature
when it comes to stuff?
6. Trade Happens
• What are the consequence of introducing
new goods and services into the system?
• Is it still the same system?
• Can there be equilibrium?
