You are required to write a 1,000-word report (±10%) that explains, with appropriate real-world examples, the theories of Absolute Advantage and Comparative Advantage, and critically evaluates how these classical economic theories

Module Code: CSU 600

Module Title: International Business

Assessment Title: Part One – Theories of Trade: Absolute and Comparative Advantage

Module Learning Outcomes Addressed

• Critically examine the nature and characteristics of contemporary international business activity as well as the major emerging trends in global technology and innovation.
• Contrast and critique differing approaches to international business with examples drawn from marketing, operations, and supply chain development in an international context.
• Critically evaluate changing business and economic environments in a globalised world, and their impact on cross-border business operations.
• Critically evaluate theoretical models and concepts, and apply the related tools and techniques to analysis of opportunities and challenges in global business operations.
• Develop the ability to formulate cross-border business strategies to resolve problems in complex international situations.

Task

You are required to write a 1,000-word report (±10%) that explains, with appropriate real-world examples, the theories of Absolute Advantage and Comparative Advantage, and critically evaluates how these classical economic theories continue to influence how nations trade in the 21st century.

Your report should:

• Clearly define and differentiate between Absolute and Comparative Advantage.
• Use real-world country or industry examples to illustrate how these theories operate in practice.
• Discuss the relevance and limitations of these theories in today’s globalised, digitally connected, and politically complex trade environment.
• Be written in continuous prose (no bullet points, tables, or figures).
• Be fully supported by academic theories, models, and research using Newman Harvard Referencing.

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