Overview
Explaining how domestic trade differs from international trade. Comparative cost theory. The limitations of comparative cost theory The terms of trade and discuss the instruments of foreign trade protection; and. The features of the various forms of economic integration. The trend and structure of Nigeria’s external trade.
What you'll learn
- Meaning of international Trade. Distinguish between domestic and international trade.
- Discuss the reasons for international trade, theory of comparative costs and its short comings.
- Meaning of Globalization, Features, challenges opportunities globalization presents to the Nigerian economy.