International Trade and Finance

Paper Code: 
IBG 217
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: 
Foreign Exchange Rate

 Meaning , Types- Fixed Vs. Flexible, Spot Vs. Forward, Favorable Vs. Unfavorable, Arbitrage. Determination of exchange rate, Theories of Exchange Rate- PPP Theory, BoP Theory.

9.00
Unit II: 
Trading Environment

 Trade strategies, Agreement of free trade protection, methods of protection, commodity agreements, Cartels.

9.00
Unit III: 
Regional Economic Integration

 Concept, NAFTA, SAARC, OPEC, ASEAN, European Union

9.00
Unit IV: 
International Payment System

 Features, Need, Methods- Telegraphic Transfers, Mai Transfers, Banker’s Drafts, Personal Cheque, Traveler’s Cheque, Bills of Exchange,  Letter of Credit, other means of International Payments.

9.00
Unit V: 
United Nation Conference on Trade and Development (UNCTAD)

 Introduction, Organization, Membership, Function, Principles and Achievement. Foreign Aid to India- Role, Impact of Foreign aid on India’s Economic development and Problems of Foreign Aid.

Essential Readings: 
  • S.K. Mathur, “ International Trade and Finance”, Shivam Book House, Jaipur.
  • Cherunilam Francis “International Economics”, Tata McGraw-Hill Publishing Company Limited, new Delhi
References: 

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

·         Thakur & Mishra : International Business- Concepts and Techniques, Deep & Deep Publications Pvt. Ltd.

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