I. 🍃Introduction
- Brief explanation of the topic
- Thesis statement

II. Advantages of international trade
- Increase size of the market for domestically produced goods
- Increase exports
- Increase total demand
- Firms can specialise and achieve economies of scale
- Decrease cost of production
- Increase demand for goods and services produced domestically
- Increase competitive pressure, making firms more efficient
- Increase access to products not available domestically
- Increase output of an economy

III. Disadvantages of international trade
- Increase amount of imports
- Decrease total demand of the economy
- Domestic firms may not be able to compete causing less revenue, less profits, more unemployment
- May result in shortages of e.g. rice in the domestic market
- Make the economy more subject to sudden changes in demand and supply

IV. Case study: The impact of international trade on the US economy
- Overview of the US economy
- Analysis of the impact of international trade on the US economy
- Discussion of the advantages and disadvantages of international trade for the US economy

V. 👉Conclusion
- Summary of the main points
- Restatement of the thesis statement
- Final thoughts and recommendations.