Basics of International Trade

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

The objective of the course is to impart knowledge with regards to the elementary concepts of International Trade which form the foundation of the course.

9.00
Unit I: 
Introduction to International Trade

Concept, Characteristics, advantages, Theories (Absolute Cost Advantage Theory, Comparative Cost Advantage Theory, Hecksler- Ohlin Theory)

9.00
Unit II: 
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: 
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: 
Dumping

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

9.00
Unit V: 
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: 
2021-2022
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