Macro Notes 7: International Trade

At the end of this set of notes, you should be able to explain:

1. Introduction
2. Principle of Absolute Advantage
3. Principle of Comparative Advantage
4. Other theories to explain trade
5. Advantages of specialisation and trade
6. Disadvantages of specialisation and trade
7. Protectionism
8. Arguments for protectionism
9. Economic Integration
10. Advantages of economic integration
11. Disadvantages of economic integration
12. Globalisation
13. Benefits of globalisation
14. Challenges of globalisation

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