Major · Economics · Semester 6 · TY BA · 4 credits · 100 marks · 60 hours
Module 1: International Trade Theory
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International Trade: concept, Importance, Inter-regional (domestic) and international trade- Concepts, differences. Free trade v/s Protection
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The Classical Theories of International Trade - Adam Smith, David Ricardo, Mill’s Reciprocal Demand Analysis. Modern theory of international trade: Heckscher-Ohlin theory of International Trade.
Module 2: Terms of Trade and Gains from Trade
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Terms of Trade: meaning, types and determinants. Gains from Trade- Meaning, Types and measurement–J.S.Mills and Modern Approach. Concept of Actual gains and potential gains from trade. Trade Multiplier
Module 3: Balance of Payment and Exchange Rate
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Concepts and Components of BOP, Equilibrium and disequilibria in Balance of Payments, Types of Disequilibrium, Remedial measures to correct the disequilibrium. Types of Tariffs and Quotas and Their Impact on Partial Equilibrium Analysis. Concept of Optimum Tariff.
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Exchange rate: Meaning, functions and determination of the equilibrium rate of exchange.
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Purchasing Power Parity Theory, fixed and flexible, spot and forward exchange rate, Devaluation and depression, and arbitrage. Exchange rate policy in India
Module 4: Indian International Trade and Trading Blocks
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Direction and Composition of India’s Foreign Trade, Export and Import Policies of India.
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Regional Trade Blocks (European Union, ASEAN, SAARC), GATT, WTO, IMF, World Bank, ADB.
References
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1
Agarwal,Babita Antarrastriya Arthshastra, Omega Publications.
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2
Bhatia,H.L International Economics, Vikash Publishing House.
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3
Field,Alfred.J & Appleyard, Dennis.R International Economics, McGraw Hill
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4
Kennan, P.B, The International Economy, Cambridge University Press London.
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5
Kindleberger, C.P. International Economics, R.D. Irwin, Home Wood.
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6
Krugman, P.R. and M. Obstfeld International Economics -Theory and policy, Glenview, Foresman.
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7
Krugman,Paul.R &Obstfeld, Maurice International Economics, Pearson.
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8
Mithani,D.M, Money,banking, International Trade and Public Finance, Himalaya Publishing House.
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9
Patel S.J. Indian Economy Towards the 21st Century, University Press Ltd, India.
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10
Salvatore, D.L. International Economics, Prentice-Hall, Upper Saddle River, N. J.
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11
Salvatore, Dominick International Economics: Trade & Finance, Wiley Publishers.
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12
Soderstein, International economics, Macmillan Press Ltd,.London
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13
Vaishya,M.C. & Singh, Sudama International Economics, Oxford &IBH Publishing House, Delhi
