Discuss the trade statistics of a country (Canada) during the last 25 years.

Discuss the trade statistics of a country (Canada) during the last 25 years. World Economics: Topic: Discuss the trade statistics of a countryduring the last 25 years. Country Chosen: Canada Grading criteria: Economic analysis, Connection with class lectures, grammar/spelling errors, Reference to articles in academic journals (Economist, Wall Street Journal), WorldBank and databases highly encouraged. Material covered in class: Chapter 1 Trade and the global economy • exports, imports, trade surplus, trade deficit • gross domestic product Chapter 2 Trade and Technology: The Ricardian Model • absolute and comparative advantage • differences in: technology, resources, offshoring • proximity of counties • factors of productions • Marginal product of labor • PPF graph (wages, Chapter 3 Gains and Losses from Trade in the Specific-Factors Model • Law of diminishing returns • Overall gains from trade • Determination of wages • Real Wages • Unemployment • Trade Adjustment Assistance Chapter 4 Trade and Resources: the Heckscher-Ohlin Model • All factors of production move between industries • 6 assumptions of the Heckscher-Ohlin Model • No trade equilibrium • Trade equilibrium • Effects of wage and rental • Stolper-Samuelson Theorem Chapter 5 Movement of Labor and Capital between countries • Effects of immigration on the short run (specific-factors model) • Rybczynski theorem • Effects of immigration on the long run