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 control

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

Essential Readings: 

• P Subba Rao : International Business , Himalya Publication0
• Mathur S K : International Finance and Trade
• Jeevanandam C : Foreign Exchange and Risk Management

References: 

• Thakur & Mishra : International Business
• Varshney R.L. and Bhattacharya: International Marketing Management
• Ashwatthapa: International Business
• Francis Cherunilam: International business

Academic Year: 
2018-2019
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