Theories of Comparative Advantage (Ricardian, Ricardo-Viner, Heckscher-Ohlin) and Gains from Trade. Trade and Income Distribution. New Trade Theory and Intra-industry Trade. Instruments of Trade Policy. The Political Economy of Trade Policy. Trade Policy in Developing Countries. Strategic Trade Policy. International Trade Institutions: WTO and the World Trading System, Fundamental Principles of GATT, Decision-making in the WTO.
