Economics – Trade Theories.
Description
G’day. Please follow the instructions highlighted in the file named (ECON7530_Assignment_Instructions). To make things clearer, this is how you should imagine the assignment: 1) Select a country (e.g. the US). 2) Select three of the US trade partners (e.g. Mexico, China and Canada). 3) Talk about the trade patterns between the US and Mexico and present some real trade data. Describe the trade theory that explains the trade patterns between the US and Mexico (e.g. the Gravity Model) and mention why you think that this particular theory is the best trade theory to explain trade between the US and Mexico. 4) Talk about the trade patterns between the US and China and present some real trade data. Describe the trade theory that explains the trade patterns between the US and China (e.g. the Gravity Model) and mention why you think that this particular theory is the best trade theory to explain the trade between the US and China. 5) Talk about the trade patterns between the US and Canada and present some real trade data. Describe the trade theory that explains the trade patterns between the US and Canada (e.g. the New Trade Model) and mention why you think that this particular theory is the best trade theory to explain the trade between the US and Canada.