BASICS OF INTERNATIONAL TRADE

Paper Code: 
FTM-101
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

Assessment Strategies

  
 

CO1.     To understand the importance and scope of international business and identify the main drivers of globalization that has led to the expansion of international business.

CO2.     To appraise economic, political, cultural, legal, technological and competitive environments and its influence on international markets.

CO3.     To comprehend monetary and fiscal policy and policy implications in the open economy.

CO4.     To understand the changing dimensions of international trade and appreciate the role of trade theories in explaining trade patterns in different industries.

CO5.     To Study the role international organizations like WTO in regulating global trade and investment.

 

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Practical Cases, Power point presentation and Solving Questions.

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Giving tasks, Live practical problems analysis

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects.

  

 

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: 

• P Subba Rao: International Business (Text and Cases), Edition 4, Himalya Publication House, Mumbai.

• S.K. Mathur, “International Trade and Finance”, Shivam Book House, Jaipur.

• Jeevanandam C : Foreign Exchange and Risk Management, Edition 17th, Sultan chand and sons, New delhi.

References: 

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

• Ashwattapa: International Business, Tata McGraw-Hill Publishing Company Limited, new Delhi.

E-RESOURCES:

·        International Business, GUPTA, McGraw Hill Education https://www.expresslibrary.mheducation.com/bookshelf

JOURNALS:

·        The Indian Journal of Commerce

·        Asian Journal of Management Cases

ACADEMIC YEAR: 
2022-2023
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