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Unformatted text preview: Strucutre : o 10 multiple choice (conceptual) (20%) o 4 out of 6 short answer/ identification/ explanation (What is a regional trade agreement) (30%) o 3 problems no choice, exactly like hw, nothing different (except numbers) (30%) o Remember to write everything out and give explanations Topics: o Supply & Demand, Equilibrium, quantity supplied v quantity demanded, excess supply, excess demand o Producer and Consumer Surplus o Comparitve Advantage, Opportunity Cost o Production Possibilities frontier (including how it is related to trade) o Gains from trade o HO and Stolpherson o Intra v inter industry trade o Trade barriers, compare losses from one to another o Arguments for and against trade o Little about GATT AND WTO o RTA (dont state specifics) o FDI/MNE o Dont worry about free trade paradox...
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This note was uploaded on 05/08/2011 for the course IR 213 taught by Professor Staff during the Spring '08 term at USC.
- Spring '08