Basics of International Trade

Paper Code: 
FTM 101
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
70.00
Objective: 

The objective of the course is to impart knowledge with regards to the elementary concepts of foreign trade management, which forms the foundation of the course.

8.00
Unit I: 
International Trade:

Concept, Scope, Advantages, Challenges of International trade, Difference between domestic trade and international trade

9.00
Unit II: 
Theories of International Trade:

Absolute Cost Advantage, Comparative Cost Advantage, Heckscher- Ohlin Theory, Country Similarity Theory, International Product Life Cycle Theory

10.00
Unit III: 
Balance of Payments

Concept, Components, Importance, Difference between Balance of Payments & Balance of Trade, Causes of disequilibria, Rectification of disequilibria

9.00
Unit IV: 
Instruments of Foreign Trade Policy:

Tariffs, Subsidies, Import Quotas, Voluntary Export Restraints, Local Content Requirements, Administrative Policies

9.00
Unit V: 
Dumping

Concept, Kinds of dumping, Essential Conditions for dumping, Effects of dumping, Anti-dumping measures

Essential Readings: 

1. P Subba Rao : International Business , Himalayan Publications.

2. Mathur S K : International Finance and Trade.

3. Jeevanandam C : Foreign Exchange and Risk Management.

References: 

1. Thakur & Mishra : International Business.
2. Varshney R.L. and Bhattacharya: International Marketing Management.
3. Ashwatthapa: International Business.
4. Francis Cherunilam: International Business.

ACADEMIC YEAR: 
2019-2020
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