Students will learn basic assumptions, structure and predictions of

• the Classical theory
• specific factors model
• Neo-classical theory (the Heckscher-Ohlin model)
• new trade theories (base on economies of scale and product differentioan).

Students will understand the rationale for, tools of, and effects of trade policies.

Students will be able to analyze the pattern of international trade and the effects of trade policies by using the theories mentioned above.