Class 1. Introduction
Labor Productivity and Comparative Advantage: The Ricardian Model
*KOM: Chapter 3
*Krugman, "Ricardo's Difficult Idea".
Class 2. Income Distribution Effects of Trade in the Specific Factors Model
*KOM: Chapter 4
Dinh Cong Khai
To provide students with the basic theories of international trade in order to explain trade patterns between developed and developing countries, and among developed countries. This course emphasizes an understanding of the institutional environment for international trade, both at the global, regional, and national level and the role of economic integration and GATT/WTO in removing trade barriers. Particular emphasis is placed on the analysis of trade policies used in developed and developing countries and the movement from trade policy to industrial policy to practice comparative advantages. This course also examines Vietnam's trade performance and policies to promote them.