Page 4 - DECO503_INTERNATIONAL_TRADE_AND_FINANCE_HINDI

ikB~;Øe (SYLLABUS)

vUrjkZ"Vªh; O;kikj ,oa foÙk
(International Trade & Finance)

mís';% ikB~;Øe vUrjkZ‘ªh; O;kikj rFkk fuos'k fl¼karksa dh tkudkjh miyC/ djkrk gS] bls bl izdkj fu;ksftr fd;k x;k gS fd
vUrjkZ‘ªh; O;kikj izca/u osQ fl¼karksa dks csgrj <ax ls le>k tk losQA ;g oSf'od okrkoj.k }kjk mRiUu fd, x, voljksa rFkk
pqukSfr;ksa ls fo|kfFkZ;ksa dks voxr djkus esa lgk;rk djrk gSA
Objectives:
The course provides an understanding of international trade and investment theories. It is designed to better
understand the implications of such theories as they relate to international trade management. It helps students
deal with the opportunities and challenges created by the global environment.

Sr. No. Content

1 Trade as an engine of growth, Measurement of gains from trade, Free Trade Theory-
Absolute advantage, comparative advantage & opportunity cost, Modern theories of

international trade: Theorem of factor price equalization,
H-O Theory, Kravis & Linder theory of trade.

2 Role of dynamic factors : tastes, technology & factor endowments in trade,

Rybszynski Theorem, Causes of emergence & measurement of intra industry trade
and its impact on developing economies,

3 Tariff, Quotas & non-tariff barriers: Definitions & types, Economic effects of Tariff

& Quotas on national income, output & employment, Political economy of non-
tariff barriers and their implication.

4 Balance of Payments and Balance of Trade: Meaning & components, Equilibrium &
Dis-equilibrium in BOP, BOP Adjustment: Monetary approach, Exchange Rate:

meaning & components,

5 Theories of Determination of Exchange rate (PPP, Monetary), Theories of
Determination of Exchange rate (Portfolio & Balance of Payment), Process of

adjustments : Gold standard, Fixed Exchange Rates & Flexible Exchange Rates,
Merits & demerits of Fixed & Flexible exchange rate.

6 Expenditure reducing & expenditure switching policies, Forms of Economic

cooperation, Static & Dynamic effects of a custom union & free trade organization,
7 SAARC/SAPTA, ASEAN, Regionalism: EU & NAFTA,

8 Multilateralism & WTO, International Monetary System, East Asian crisis &

lessons for developing countries,
9 FDI : types & issues, International Debt crisis, Functions of WTO/GATT,

UNCTAD, IMF, World Bank & Asian Development Bank

10 India’s trade policy: recent developments, India’s Balance of Payment