International Trade

Paper Code: 
FSG 617 A
Credits: 
03
Contact Hours: 
45.00
Objective: 

To give exposure to the procedures and documents involved in International Trade (Export – Import) activities

9.00
Unit I: 
International Trade & Globalisation

International Trade- Concepts, Characteristics, Advantages and Disadvantages of International Trade.
Globalisation : Meaning, drivers of globalization, essential condition, effects and challenges.

9.00
Unit II: 
Theories of International Trade

Theories of International Trade- Absolute cost advantage and comparative cost advantages and Heckscher-ohlin theory, Product Life cycle theory

9.00
Unit III: 
Free trade vs Protection & Dumping

Free trade vs Protection- Trade Barriers- Objectives, types (Tariff and Non-Tariff)
Dumping - Kinds of dumping, its effect and Anti dumping measures.

9.00
Unit IV: 
Regional Economic Blocks

Organization, structure and Functions of SAARC, ASEAN and EU, NAFTA

9.00
Unit V: 
MNC’s & India’s Foreign Trade

MNC’s: Importance, benefit and problems, MNC’s in India, difference between multinational, transnational and globalized companies.
India’s Foreign Trade- volume, Direction and Composition, current foreign trade policy, export promotion

Essential Readings: 

• International Business: R. Chandaran, Jaico Publishing House, Delhi
• International Economics: M.C. Vaish, Sudama Singh (Oxford and IBH Publisher)
• International Finance and Foreign Trade: S.K. Mathur (Shivam Publication, Jaipur)

Academic Year: 
2019-2020
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