International Economics Writing Assignment

Course: International Economics Writing AssignmentIB5012-8 > Theoretical Foundations of Trade > Week 1Week: 1Introduction:Classical Theory of TradeHumans have traded, bartered, and exchanged goods throughout their existence. Normally, an exchange occurred between a party thatpossessed a surplus and another trading party that experienced scarcity. The parties exchanged products or their respective surpluses forgoods, which had higher value and/or greater benefits to their respective communities. Later, nation states adopted these trade concepts tofoster their mutual economic growth and advantages.1. Review the resources listed in the Books and Resources area below to prepare for this week’s assignments.2. Complete the following Spotlight on Skills if you need assistance with the tools used to complete your assignments.Spotlight on Skills: APA Form and StyleThroughout this course and others here at Northcentral University, you are required to follow APA form and style when preparingassignments. If you are unfamiliar with APA form and style, take this tutorial: The Basics of APA Style. Are you already familiar with APAform and style? Keep up with the 2010 changes by taking this tutorial: What’s New in the Sixth Edition. Check out this blog for deeperdiscussions and examples: APA Style Blog. You can also visit: Frequently Asked Questions about APA Style.Books and Resources for this Week:Bookshttp://www.coursesmart.com/0077410831/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9MDA3NzQxMDPugel, T. A. (2012) International economics.Read Chapters:# 3 & #16 & #17 & #18Appleyard, D. R., Cobb, S., & Field, A. J. (2014) International economics.Read Chapters: #2 & #3 & #4http://www.coursesmart.com/0077498720/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9MDA3NzQ5ODcyMC8xNw==***ASSIGNMENT INSTRUCTIONS***IB5012-8 > Theoretical Foundations of Trade > Week 1 > Assess the Classical Theory of Trade (Graded,Required)Syllabus ID: 32601DownloadPrintWeek 1 Assignment: Assess the Classical Theory of TradeActivity DescriptionResearch and respond to the following questions in essay format, including provision of references for support. Eachanswer should demonstrate exploration beyond the text, and should demonstrate depth worthy of an MBA.1.Analyze the effectiveness of the Ricardian Comparative Advantage of Trade Theory as it has beenapplied to real-world international trade after the Bretton Woods Agreement on GATT (General Agreementin Trade and Tariffs), post-WWII.2.Analyze how the level of wages, productivity and exchange rates affect the model of comparativeadvantage and international trade patterns.Support your paper with at least three (3) scholarly resources. In addition to these specified resources, otherappropriate scholarly resources may be included.Length: 5-7 pages not including title and reference pagesYour paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course andprovide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing andcurrent APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy