MA Economics Part II Sem III 2018 2019 Jun 2019 Economics International Trade Theory & Policy Question Paper - Mumbai University | munotes

Questions asked in this paper

• 2) Figures to the right indicate full marks

1. Q3 Draw neat and clean diagram wherever necessary
2. Q1 Attempt any two of the following. 15 marks
   • A. Explain Absolute and Comparative Cost Advantage theory of International trade Theory
   • B. Define the concept of Gains from trade
   • C. What is Reciprocal Demand and offer curves?
3. Q2 Attempt any two of the following. 15 marks
   • A. Critically examine Heckscher Ohlin theory of International trade
   • B. Define factor price equalization theorem
   • C. Explain Theorem in detail
4. Q3 Attempt any two of the following. 15 marks
   • A. Explain Brander-Krugman Model of intra-industry trade
   • B. Discuss Falvey model of intra-industry trade
   • C. What are the barriers to trade in services?
5. Q4 Attempt any two of the following. 15 marks
   • A. Explain Theory of custom union with reference to trade creation and trade diversion
   • B. Write a note on optimum tariff
   • C. Explain effects of regional trade agreement on trade
6. Q2 aa

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