B.Com. (Transport Management) International Trade Syllabus - Mumbai University
This is the TY BCom TM syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for International Trade
Module I: Introduction of International Trade
- Meaning, nature, and scope of international trade
- Importance of international trade in global economy
- Documentation in international trade
- Difference between domestic and international trade
- Recent trends in international trade
Module II: International Organizations and Trade Agreements
- Meaning and significance of international organizations in trade
- Role of trade agreements in global commerce
- Difference between multilateral, regional, and bilateral trade agreements
- Role of IMF and World Bank in international trade
- WTO agreements: GATT, GATS, TRIPS
- Functions of World Trade Organization (WTO)
Module III: Foreign Exchange and International Finance
- Meaning and scope of foreign exchange (Forex)
- Importance of foreign exchange in international trade and finance
- Difference between domestic finance and international finance
- Factors affecting exchange rates
- Balance of payments and exchange rate relationship
Module IV: Theories of Foreign Trade
- Classical Theories:
- Adam Smith’s Theory of Absolute Advantage
- David Ricardo’s Theory of Comparative Advantage
- Heckscher-Ohlin Theory (Factor Endowment Theory) Modern Theories:
- Product Life Cycle Theory (Raymond Vernon)
- New Trade Theory (Paul Krugman)
- Gravity Model of Trade
Reference Books
- Anne O. Krueger (2020). International Trade. Oxford University Press Publisher
- Agrawal Raj () International Trade. Excel Books India.
- Jessie Poon, Dravid L. Rigby (2017) International Trade. Taylor & Francis Publisher.
- Ali M. El-Agraa (1989). International Trade. Palgrave Macmillan London.
- Mia Mikić (1998) International Trade. Red Globe Press / Macmillan Publishers.
- Branko Horvat (1999) The Theory of International Trade: An Alternative Palgrave Macmillan London.
Reproduced from the University of Mumbai syllabus for B.Com. (Transport Management) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.