The Theories of International Trade: The Ricardian Model, The Hecksher-Ohlin Model, Specific Factor Model. Increasing Returns to Scale and New trade theory. Economics and politics of trade policy. Strategic trade policy. Preferential trade agreements.
Introduction to Trade-related Institutions. Structure, functions and principles of WTO. WTO and development. The Doha Round: Achievements and failures. Special and differential treatment. Regionalism vs. multilateralism. The future of the WTO