BASICS OF INTERNATIONAL TRADE

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

Course Outcome (COs):

               Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO 32:  To understand the importance and scope of international trade theories.

CO 33:  To appraise the trade barriers and tariffs of the countries to understand the government policies of international trade.

CO 34:  To comprehend balance of payments and understand the core concept of countries economic condition.

CO 35: To understand the concept of dumping and its effect on countries trade.

CO 36:  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: 
Introduction to International Trade:

Concept, Characteristics, advantages, Theories (Absolute Cost Advantage Theory, Comparative Cost Advantage Theory, Heckscher- 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.

 

References: 

SUGGESTED READINGS:

  • Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi.
  • Cherunilam Francis, International Environment,  Tata McGraw-Hill Publishing Company Limited, new Delhi

E-RESOURCES:

JOURNALS:

 

ACADEMIC YEAR: 
2022-2023
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