Basics of International Trade

Paper Code: 
IBG 117
Credits: 
3
Contact Hours: 
45.00
Objective: 

The objective of the course is to impart knowledge with regards to the elementary concepts of International business, which form the foundation of the course.

9.00
Unit I: 
Introduction to International Trade

 Concepts, Characteristics, advantages, Theories (Absolute Cost Advantage and Comparative Cost Advantage, Hecksler- Ohlin Theory)

9.00
Unit II: 
Balance of Payments

Concept ,components Difference between Balance of Payments & Balance of Trade, Causes of disequilibria, rectification of disequilibria, Importance

9.00
Unit III: 
Instruments of Foreign Trade Policy

 Tariffs and non tariff barriers -Classification, Types, purpose, Reasons for imposing tariff and non tariff barriers. Benefits

9.00
Unit IV: 
Dumping

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

9.00
Unit V: 
Exchange Cntrol

 Meaning and features, Purposes, Methods, Merits, Demerits & Control in India.

Essential Readings: 

·         P Subba Rao : International Business(Text and Cases) , Edition 4,  Himalya Publication House, Mumbai

·         S.K. Mathur, “ International Trade and Finance”, Shivam Book House, Jaipur.

References: 
  • Thakur & Mishra : International Business- Concepts and Techniques, Deep & Deep Publications Pvt. Ltd.
  • Varshney R.L. and Bhattacharya: International Marketing Management, Sultan Chand, 2003
  • Ashwatthapa: International Business, TATA McGraw-Hill Education
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