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INTRODUCTION What is International Economics about-The gains from trade-The patterns of trade; Inter-regional vs.

. International Trade; A brief History and background of Mercantilism and Neo mercantilism; Ancient International trade-The Silk Route and the strategic role of the Indian Peninsula; Indias International trade and the Golden Era. INTERNATIONAL TRADE THEORIES Theory of absolute advantage Theory of comparative advantage Factor endowment theory International product life cycle theory THE GRAVITY MODEL

OTHER TOPICS COVERED: DUMPING AND COUNTERTRADE

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