Block 1 – Theory of International Trade
Classical and Neo-Classical Theories of International Trade
Gains from Trade
Block 2 – Modern Theories of International Trade
Intra-Industry Trade
Alternative Explanations of Trade
Block 3 – Free Trade versus Protectionism
Policies of Protectionism
Instruments of Protectionism
Block 4 – Exchange Rate and Balance of Payments
Exchange Rate Regimes
Components of Balance of Payments
Impossible Trinity: Alternative Scenarios
Approaches to Balance of Payments
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