Among the questions addressed in the course are the following: Why do countries trade? What are the costs and benefits of international trade? What explains the geographic and commodity composition of trade? How does trade affect the distribution of income in individual countries and the world as a whole? What is the effect of various kinds of government restrictions on trade? Are there any good arguments for protectionism? How should trade be liberalized—unilaterally, bilaterally, or multilaterally? What is the relation between grade and growth?
Session 1: Labor Productivity and Comparative Advantage: The Ricardian Model
Session 2: Resources and Trade: The Heckscher-Ohlin Model
Session 3: How the Terms of Trade are Determined and the Effects of Growth
Session 4: External Economies of Scale and Production Location
Session 5: Trade in Differentiated Products under Imperfect Competition
Session 6: The Instruments of Trade Policy
Session 7: The Political Economy of Trade Policy
Session 8: Trade Liberalization
Session 9: Trade and Growth
Session 10: Lessons for Vietnam
Paul R. Krugman, Maurice Obstfeld and Marc J. Melitz , International Economics: Theory and Policy, Ninth Edition (Addison-Wesley, 2012).