Page 5 - DECO503_INTERNATIONAL_TRADE_AND_FINANCE_ENGLISH

CONTENTS

Unit 1: Trade as an Engine of Growth 1
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Unit 2: Measurement of Gains from Trade 12
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Unit 3: Free Trade Theory — Absolute Advantage, Comparative Advantage and Opportunity Cost 23
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Unit 4: Modern Theories of International Trade : Theorem of Factor Price Equalization, H-O Theory,
Kravis and Linder Theory of Trade 39
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Unit 5: Role of Dynamic Factors : Tastes, Technology and Factors Endowments in Trade 61
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Unit 6: Rybczynski Theorem 69
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Unit 7: Causes of Emergence and Measurement of Intra-Industry Trade and Its Impact on Developing Economics 75
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Unit 8: Tariff, Quotas and Non-tariff Barriers : Definitions and Types 93
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Unit 9: Economic Effects of Tariff and Quotas on National Income, Output and Employment 104
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Unit 10: Political Economy of Non-tariff Barriers : and Their Applications 109
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Unit 11: Balance of Payments and Balance of Trade : Meaning and Components 121
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Unit 12: Equilibrium and Disequilibrium in BOP 138
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Unit 13: BOP Adjustment : Monetary Approach 149
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Unit 14: Exchange Rate : Meaning and Components 156
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Unit 15: Theories of Determination of Exchange Rate (PPP, Monetary) 173
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Unit 16: Theories of Determination of Exchange Rate (Portfolio and Balance of Payments) 182
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Unit 17: Process of Adjustments : Gold Standard, Fixed Exchange Rates and Flexible Exchange Rate 190
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Unit 18: Merits and Demerits of Fixed and Flexible Exchange Rate 200
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Unit 19: Expenditure Reducing and Expenditure Switching Policies 208
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Unit 20: Forms of Economic Cooperation 223
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