This course will cover the patterns and the mechanisms of international trade and foreign investment. Topics include the patterns of international trade, why nations trade, what they trade, and who gains from trade, without explicit policy interventions; the determinants and the implementations of different trade policies, the motives for countries or organizations to restrict or regulate international trade, and the welfare implications of those trade policies; the role of firms in the global economy, the operations of multinational enterprises, outsourcing, as well as the patterns and the determinants of foreign direct investment.