HI 5016 : International Trade and Enterprise - World Trade Overview and Gravity Model  - Business Assignment Help

Assignment Task :

Unit Learning Outcomes Assessed: 

1. Acquire a broad understanding of the changing international trade and investment pattern among nations.  

2. Analyse how major models and theories explain international  trade and how nations benefit from international trade  

3. Comprehend the international factor movements, trade policy  instruments, the arguments for protectionism and; the role of  Regional Trade Agreements and the WTO in promotion of  international trade, investment and economic growth among  nations. 

4. Synthesise the theoretical and practical knowledge of  international economics, a well-developed understanding of  the language of international trade and the tools of trade policy  used by policy makers in a nation.  

Description: Each week students were provided with three tutorial questions  of varying degrees of difficulty. The tutorial questions are  available in the Tutorial Folder, for each week, on Blackboard.  The Interactive Tutorials are designed to assist students with the  process, skills and knowledge to answer the provided tutorial  questions. Your task is to answer a selection of tutorial question  for weeks 1 to 11 inclusive and submit these answers in a single  document. 

Question 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 

Question 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  

Question 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  

Question 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.

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