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The following issues in international trade theory and policy will be dealt with in the course:

1. Introduction to the basic questions and problems;
2. Labor Productivity and Comparative Advantage: The Ricardian Model;
3. Specific Factors and Income Distribution;
4. Resources and Trade: The Hechscher-Ohlin Model;
5. The Standard Trade Model;
6. Economies of Scale, Imperfect Competition, and International Trade;
7. International Factor Movements;
8. The Instruments of Trade Policy;
9. The Political Economy of Trade Policy;
10. Trade Policy in Developing Countries;
11. Controversies in Trade Policy.

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