1.Explain gravity model. Provide theoretical reasonings. Give one or two examples how it works? What are the limited factors? Look at the foreign trade and FDI numbers for Uzbekistan for last 5 years. Does gravity model apply to Uzbekistan? Explain and provide factual (numbers) support.

2.Specific factors Model (chapter 4) and Hecksher Olin Model (chapter 5) both are about effects of foreign trade. Briefly explain each of them and how are they different. Then, explain their approaches toward winners and losers of international trade and distribution of income. What should be done and how to compensate losers. What are the major lessons for Uzbekistan, since country is liberalizing trade?

3.WTO and Uzbekistan's road to full membership, do the following. Put yourself in the shoes of the President's economic advisor who need to present to the public reasons why Uzbekistan should join WTO. Design your own way of presentation/points/arguments that will resonate to the public.