The students will be enabled to understand international trade theories, commercial policy instruments, regional economic cooperation, exchange rates, capital movements, regulatory frameworks, and international negotiations.
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24CFSG 313 |
International Trade and Finance (Theory) |
CO85: Evaluate theories of International trade and compare tariff and non-tariff barriers in trade CO86: Appraise the role and function of IMF, World Bank, and various regional economic Corporations. CO87: Evaluate the Exchange rate regime, theories of exchange rates and analyse balance of Payment CO88: Classify the modes of Foreign Investment CO89: Appraise the role of various regulatory framework in facilitating International Trade CO90: Contribute effectively in course-specific interaction
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Approach in teaching: Interactive Lectures, Discussion, Tutorials, and PowerPoint presentations. Learning activities for the students: Self-learning assignments, Seminar presentation. |
CA test, semester-end examinations, Quiz, Assignments, and Presentations. |
• Introduction and Theories of International Trade: Meaning and Role of International Trade
• Basic concept of Classical Theory, Hecksher-Ohlin Theory and New Trade Theory
• Commercial Policy Instruments: Tariff and non-tariff measures -Types.
• Regional Economic Co-operation : Regional trade blocs, Meaning and relevance, Forms of regional groupings; Integration efforts among countries in Europe, North America and Asia (NAFTA, EU , ASEAN and SAARC) .
• International Financial Environment: International Financial System and Institutions (IMF and World Bank – Objectives and Functions.
• Exchange Rate and Its Economic Effects : Meaning and Concept, Exchange rate regime, Nominal Versus Real Exchange rates. Foreign Exchange Market, Determination of Nominal Exchange rate, changes in exchange rates.
• Theories of Exchange Rate determination- Purchasing Power Parity Theory and Balance of Payment Theory
• Devaluation Vs Depreciation,
• Impact of Exchange rate fluctuations on the Domestic Economy.
• Balance of Payment : Concept, Components, Equilibrium in BOP, Measures to correct disequilibrium.
• Regulatory Framework : Current Exim Policy, Guidelines by Directorate General of Foreign Trade (DGFT), Important guidelines of Foreign Exchange Management Act (FEMA)
• Role of International Chamber of Commerce (ICC)
• Summary of Important Guidelines by Foreign Exchange Dealers Association of India (FEDAI)
• International Negotiations : GATT – An overview, WTO – Objectives and Functions.
• Avadhani,V.A,” International Finance, Theory and Practice”, Himalaya Publishing Company, New Delhi.
• International Trade Finance, Indian Institute of Banking and Finance Taxmann Publications, New Delhi
• S.K. Mathur, “ International Trade and Finance”, Shivam Book House, Jaipur.
• Cherunilam Francis “International Economics”, Tata McGraw-Hill Publishing Company Limited, new Delhi
• Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi
• Mithani D. M. Introduction to International Economics (Latest)- Himalaya Publishing House, Mumbai
Suggested Readings:
• Maurice, Levi, “ International Finance”, McGraw Hill, Int. Ed. New York.
• Walter, Ingo: Handbook of International Business, John Wiley and Sons; New York.
• Wood, D. and J Byrne: International Business Finance, Macmillan, New York.
• Sodersten B, “International Economics”, Macmillan, London.
• Dominick, “ International Economics”, Macmillan Publication Company, New York.
E- Content:
• https://www.indiabudget.gov.in/economicsurvey/ [2] (Economic survey, various issues)
• https://rbi.org.in/Scripts/AnnualPublications.aspx?head=Report%20on%20Cu... [3] (RBI Report on Currency & Finance, various issues)
• Websites: https://www.rbi.org.in/ [4] (RBI), https://www.imf.org/en/Home [5] (IMF), https://www.worldbank.org/en/home [6] (WORLD BANK), https://www.wto.org/ [7] (WTO)
• https://www.wto.org/english/res_e/reser_e/annual_report_e.htm [8] (WTO Annual report, various reports)
Reference Journals:
• International Journal of Financial Management
• Indian Journal of Finance
• Journal of Banking, Information Technology and Management
• World Affairs- The Journal of International Issues
Foreign Trade Review
Links:
[1] https://finance.iisuniv.ac.in/courses/subjects/international-trade-and-finance-theory
[2] https://www.indiabudget.gov.in/economicsurvey/
[3] https://rbi.org.in/Scripts/AnnualPublications.aspx?head=Report%20on%20Currency%20and%20Finance
[4] https://www.rbi.org.in/
[5] https://www.imf.org/en/Home
[6] https://www.worldbank.org/en/home
[7] https://www.wto.org/
[8] https://www.wto.org/english/res_e/reser_e/annual_report_e.htm
[9] https://finance.iisuniv.ac.in/academic-year/2024-2025