Description

Business Economics – VI

TYBCOM Semester VI

Syllabus

Module – I : Introduction to International Trade (10 Lec.)
♦ Theories of International Trade – Ricardo’s Theory of Comparative Costs and the Heckscher-Ohlin Theory
♦ Terms of Trade – Types and Limitations
♦ Gains From International Trade – Offer Curves and Reciprocal Demand

Module – II : Commercial Policy (10 Lec.)
♦ Commercial Trade Policy – Free Trade and Protection – Pros and Cons.
♦ Tariff and Non-Tariff Barriers : Meaning, Types and Effects
♦ International Economic Integration – Types and Objectives : EU and Brexit, ASEAN

Module – III : Balance of Payments and International Economic Organisation (15 Lec.)
♦ Balance of Payment : Meaning, Structure, Types of Disequilibrium
♦ Causes and Measures to Correct the Disequilibrium in Balance of Payments
♦ WTO – Recent Developments in TRIPS, TRIMS and GATS

Module – IV : Foreign Exchange Market (10 Lec.)
♦ Foreign Exchange Market : Meaning, Functions, Determination of Equilibrium Rate of Exchange
♦ Purchasing Power Parity Theory, Spot and Forward Exchange Rates, Arbitrage
♦ Role of Central Bank in Foreign Exchange Rate Management, Managed Flexible Exchange Rate System of India