The questions to be answered are;

Assessment Question Week 2

1: World Trade Overview and Gravity Model

In the 19th Century Britain was trading with countries from distant locations such as North America, Latin America, Africa and Asia. Today, Britain mostly trades with European countries. Examine the causes of the British changing trade pattern with reference to the Gravity Model. 

Assessment Question Week 4

2: Resources and Trade: Heckscher-Ohlin (H-O) Model

How does the Ricardian model differ from the H-O theory in explaining international trade patterns among nations. 

Assessment Question Week 6

3: Economies of Scale, Imperfect Competition and International Trade

Trade need not be the result of comparative advantage but it can be a result of economies of scale. Discuss. 

Assessment Question Week 7

4: International Factor Movements

Explain the effects of migration of labour between two nations. Use the figure below and the marginal product of labour concept to explain your answer.

Assessment Question Week 10

5: Trade Policy in Newly Industrialized/Developing Countries

Infant Industry protection is a key solution for the growth of industrialization of developing countries. Discuss your answer by using the graph below and any other graph(s) that you can deem appropriate. 

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