International Trade

Paper Code: 
FSG 617 A
Credits: 
3
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 A

International Trade

 

CO226 Explore and gain  knowledge about initialization of global trade and associated spheres.

CO227 Comprehend and Evaluate the use of different theories of global trade.

CO228 Examine the pricing and safety mechanisms used in global trade.

CO229 Critically evaluate the working of some global institutional players and their significance in world trade.

CO230 Explore the composition, pattern and extent 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

 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

Absolute cost advantage and comparative cost advantages and Heckscher-Ohlin theory,
Product Life cycle theory

9.00
Unit III: 
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:

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: 
2021-2022
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