Write report titled "Aspects of International Economics", on the various facets of international economy. In your report, you must explain the different international trade theories and their application in real world. In your report, you must also cover the how the international trades bring benefits to the economies around the work. Your report must be unified and coherent. It must not exceed 4,000 wrds.

To successfully complete, this assignment, you must.

1. Explain alternative theories of trade. (1.2) (12.5 marks)

You must:

(A) Explain the economies of scale in international trade.

(B) Explain important theories of trade.

2. Explain how relative product prices differ between countries. (2.1) (12.5 marks)

You must:

(A) Explain who gains and who loses among the countries in terms of trade.

(B) Explain the impact of international trade on the economic growth of countries.