International Trade

Paper Code: 
FSG 617
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objective

The objective of this course is to give exposure to the procedures and institutional players involved in International trade and also understand the recent phenomena of global trade in India.

 

Course Outcome(COs):

Course

Learning Outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

FSG -617

International Trade

 

CO225. Acquire knowledge about initialization of global trade and associated spheres.226.

CO226. Demonstrate the ability to comprehend the use of different theories of global trade.

CO227. Understand the pricing and safety mechanisms used in global trade.

CO228. Obtain knowledge of some global institutional players and their significance in world trade.

CO229.. Gain deep insight of global trade and India

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Team teaching

Learning activities for the students:

Field activities, Presentation, Giving tasks

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

 

 

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

Regional Economic Blocks- Organization, structure and Functions of SAARC, ASEAN and EU, NAFTA

9.00
Unit V: 
MNCs & 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: 
2020-2021
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