This course provides conceptual and theoretical framework with empirical evidences to understand recent developments in trade strategies and policy changes. Under the Pure Theory of Trade, the basis of trade, gains from trade, direction of specialization and its effects on factor of production are discussed. Various advanced theories on strategic trade and barriers are also incorporated. The discussions on Trade Policy introduce various aspects of protectionism with respect to tariff, quota, subsidies and some latest non-tariff measures (like SPSs and TBTs), trade blocs and regional trading arrangements. In short (a) to provide an analytical framework for understanding recent developments in trade issues (b) to explain country’s policy strategies to deal with the latest complexities in trade restrictions and facilitation to enhance trade.
|Course Status :||Ongoing|
|Course Type :||Elective|
|Duration :||8 weeks|
|Start Date :||27 Jan 2020|
|End Date :||20 Mar 2020|
|Exam Date :||29 Mar 2020|
|Enrollment Ends :||03 Feb 2020|
•Dominick Salvatore (DS): International Economics, Wiley-India, 10th Edition (Text Book)
•Robert Carbough (RC): International Economics: Cengage Learning, 11th Edition
•Krugman & Obstfeld (KO): International Economics: Theory and Policy, Pearson, 8th edn.
•World Trade Organization, ‘International Trade Statistics’ (ITS), Geneva, various years.
•RBI, GDCIS and IMF reports