Basics of International Trade

Paper Code: 
IBG 117
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

This course aims at helping students think about some of the important ethical implications of the day-to-day happenings and practices of Indian industry and business.

Course Outcome(COs):

Course

Learning Outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

IBG 117

Basics of International Trade

CO 1To understand the importance and scope of international trade theories.

CO 2To appraise the trade barriers and tariffs of the countries to understand the government policies of international trade.

CO 3To comprehend balance of payments and understand the core concept of countries economic condition.

CO 4 To understand the concept of dumping and its effect on countries trade.

CO 5 To Study the role of exchange control and it mechanism to control the fluctuation of international currency fluctuations.

 

Approach in teaching:

Discussion, Demonstration, Action Research, Project, Field Trip

 

Learning activities for the students:

Field activities, Simulation, Presentation, Giving tasks

Observation, Presentation, Report writing

 

9.00
Unit I: 
Unit 1

Introduction to International Trade: Concept, Characteristics, advantages, Theories (Absolute Cost Advantage  Theory, Comparative Cost Advantage Theory, Hecksler- Ohlin Theory)

9.00
Unit II: 
Unit 2

Balance of Payments: Concept , Components, Difference between Balance of Payments & Balance of Trade, Causes of disequilibria in BOP, rectification of disequilibria, Importance of BOP

9.00
Unit III: 
Unit 3

Instruments of Foreign Trade Policy: Tariffs and non tariff barriers - Types, purpose, Reasons for imposing tariff and non tariff barriers, Benefits

9.00
Unit IV: 
Unit 4

Dumping: Meaning, Types, essential conditions for dumping, effects of dumping, Anti-dumping measures

9.00
Unit V: 
Unit 5

Exchange Control: Meaning, features, Purpose, Methods, Merits,  Demerits, Exchange Control in India

Essential Readings: 
  • P Subba Rao : International Business(Text and Cases) , Edition 4,  Himalya Publication House, Mumbai
  • Ashwatthapa: International Business, TATA McGraw-Hill Education
  • S.K. Mathur, “ International Trade and Finance”, Shivam Book House, Jaipur.

 

 

ACADEMIC YEAR: 
2020-2021
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