- Minimum length of the assignment 1500 words – Maximum 2000 words.
- Essay form
- Relate your answers to the concepts delivered in class.
- Font: Arial 12,5pts. Line-spacing: default. Text-align: Justified.
- Bibliography/References in Harvard style.
- You may use Appendixes. These and the References do not count for the total wordcount.
Look at the following discussion topic and answer the related questions:
Topic
Theories of Trade
Question 1 (Related to the first evaluation criteria – see table below)
Explain the difference between Country based trade theories and Industry based Trade Theories. Illustrate your answer with examples of both types of theories.
Question 2a (Related to the second evaluation criteria – see table below)
Choose a country that is a major trading partner of your country(UKRAINE) and describe the main trading relationships that exist between the two countries.
Question 2b (Related to the second evaluation criteria – see table below)
Choose a country based theory of trade (not the Theory of Absolute Advantage) and explain the main concepts of the theory and illustrate your explanation with examples of trading relationships between the two countries you used in Part 2a.
Choose an industry based theory of trade and explain the main concepts of the theory and illustrate your explanation with examples of trading relationships between the two countries you used in Part 2a.
Question 3 (Related to the third evaluation criteria – see table below)
Evaluate (using different economic indicators) which of the different theories of trade explain most of the trade flows between the two countries. Support your answer with evidence from Questions 2a and 2b
