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.
Concepts, Characteristics, advantages, Theories (Absolute Cost Advantage and Comparative Cost Advantage, Hecksler- Ohlin Theory)
Concept ,components Difference between Balance of Payments & Balance of Trade, Causes of disequilibria, rectification of disequilibria, Importance
Tariffs and non tariff barriers -Classification, Types, purpose, Reasons for imposing tariff and non tariff barriers. Benefits
Kinds and essential condition for dumping, its effects, Anti-dumping measures
Meaning and features, Purposes, Methods, Merits, Demerits & Control in India.