International Trade and Factor-Mobility Theory
is a lecture which is covered during International Business Module for bachelor/master level students.
This lecture provides a conceptual foundation for the exploration of the international trade process. First, it examines the basic theories of mercantilism, absolute advantage, and comparative advantage. Then it explores patterns of trade in light of the theories of country size, factor proportions, and country similarity. It also considers the role of distance and explains the relevance of Product Life Cycle Theory and Porter’s diamond of national competitive advantage. The lecture concludes with a discussion of factor mobility and its relationship to the international trade process.
Lecture Learning Objectives:
- Understand how different approaches to international trade theories help policy makers achieve economic objectives
- Comprehend the historical and current rationale for interventionist trade theories
- Explain how free trade improves global efficiency
- Distinguish factors affecting national trade patterns
- Recognize why a country’s export capabilities are dynamic
- Detect why production factors, especially labor and capital, move internationally
- Describe the relationship between foreign trade and international factor mobility
- Grasp scenarios of possible changes in trade patterns
In this file you will find:
- 1 International Trade and Factor-Mobility Theory Lecture Power Point Presentation
- 1 Guide file how to conduct Lecture
- 1 Test Bank with 100 different questions and full answer to them with the descriptions and explanations
- 4 Interesting Exercises for Seminar
- 8 Interesting Discussion Questions and answers to them
- 1 additional reading file about the lecture topic in order to enhance Lecturer/Teacher/Student knowledge
- 1 folder with useful pictures
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