• Comprehensively provide evidence or comprehensively argue the lack of evidence on the product cycle model of international trade
• Assess and provide evidence on the possible impact of economy of scale among developed countries and increasing opportunity cost or even diseconomies of scale among less developed countries when the developed countries trade with the less developed countries
• Choose an economic model in Chapter 7 Salvatore (Economic Growth and International Trade) and discuss why that model appears most relevant in understanding the role of trade in economic growth
• Identify, discuss, and correct the mathematical error in the Heckscher-Ohlin theory's absolute factor price equalization theorem