1.

Trade theory from the original work of Adam Smith to the contemporary
theories of Michael Porter.
2. Trade theory from the original work of Adam Smith to the contemporary
theories of Michael Porter
3. Similarities and distinctions between international trade and international
investment
4. Trade theories of Paul Krugman and Michael Porter and their relationship to
business and government’s approaches to trade policy
5. Theory of international investment and how it relates to firms and buyers.

Chapter 4

1. How countries measure international business activity, the balance of

payments
2. The similarities of the current and capital accounts of the balance of
payments
3. The critical differences between trade in merchandise and services