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1. Importance of international trade 2. Theories of absolute and comparative advantage 3. Gains from trade stem from differences in the opportunity costs of production

1. Importance of international trade 2. Theories of absolute and comparative advantage 3. Gains from trade stem from differences in the opportunity costs of production 4. How the gains from trade are divided between trading partners 5. Why some groups win and others loose as a result of free trade 6. Trade restrictions and the arguments against free trade
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1. Importance of international trade 2. Theories of absolute and comparative advantage 3. Gains from trade stem from differences in the opportunity costs of production 4. How the gains from trade are divided between trading partners 5. Why some groups win and others loose as a result of free trade 6. Trade restrictions and the arguments against free trade

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