Major Field of Study Subject Subject in Charge International problem Studies in International Trade Theory Youngrok Kim This class is designed to offer an up-to-date overview of the theory and empirics of international trade at the graduate level. The theory of international trade explores the important theories that explain what countries export and import and the extent to which they gain from trade. Five topics are planned to be covered in this lecture: the comparative advantage model, factor proportions theory of trade, trade policy, intra-industry trade and regional preferential trade arrangements (FTA). The aim of this lecture will be to provide an insight into these recent developments, and to place them in the context of the intellectual development of trade theories.