Theories explaining the location of production facilities and patterns in international trade. Implications of international trade for per capita income, growth, and inequality. Three lecture hours a week for one semester. Only one of the following may be counted: Economics 339K, European Studies 348 (Topic 2), International Business 320F, 350, 350S. Prerequisite: Economics 420K, 420S, 421K, or Finance 321K with a grade of at least C-.