Introduction to International Trade

Paper Code: 
FTM 101
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 foreign trade management, which forms the foundation of the course.

Unit I: 

International Trade:
Concepts, Characteristics, Advantages, Theories (Absolute Cost advantage and Comparative Cost advantage, Heckscher- Ohlin Theory)

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

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

Dumping:
Kinds and essential condition for dumping, its effects, Anti-dumping measures

Exchange control:
Meaning and features, Purposes, Methods

Essential Readings: 

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.

 

ACADEMIC YEAR: 
2016-2017
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