Business Economics - VI TYBCOM Semester VI

Business Economics - VI

TYBCOM Semester VI

Content:

Module - I : Introduction to International Trade (10 Lec.)

l Theories of International Trade - Ricardo's Theory of Comparative Costs and  the Heckscher-Ohlin Theory

l Terms of Trade - Types and Limitations

l  Gains From International Trade - Offer Curves and Reciprocal Demand

Module - II : Commercial Policy (10 Lec.)

l Commercial Trade Policy - Free Trade and Protection - Pros and Cons.

l Tariff and Non-Tariff Barriers : Meaning, Types and Effects

l International Economic Integration - Types and Objectives : EU and Brexit, ASEAN

Module - III : Balance of Payments and International Economic Organisation (15 Lec.)

l Balance of Payment : Meaning, Structure, Types of Disequilibrium

l Causes and Measures to Correct the Disequilibrium in Balance of Payments

l WTO - Recent Developments in TRIPS, TRIMS and GATS

Module - IV : Foreign Exchange Market (10 Lec.)

l Foreign Exchange Market : Meaning, Functions, Determination of Equilibrium Rate of Exchange

l Purchasing Power Parity Theory, Spot and Forward Exchange Rates, Arbitrage

l Role of Central Bank in Foreign Exchange Rate Management, Managed Flexible Exchange Rate System of India