INTERNATIONAL ECONOMICS: THEORY AND POLICY The course is designed to provide a general understanding of the fundamentals of Preamble: international economic theory along with the current trends and tendencies of the global and international relations. Thus, the principal objectives of the course are to secure a complete knowledge of international trade theories (old and new); to analyse trade policy tools and their effects; to understand international movements of factors and the most relevant destinations; to provide an overview of the working of foreign exchange markets; to introduce the main features of the international economic institutions and to enable an understanding of some of the economic crises in recent times so as to draw lessons from the same for developing countries like India. SEMESTER V – COURSE CODE PAPER TITLE CREDITS MARKS GROUP-II ELECTIVE PAPERS ECOIEPC505 INTERNATIONAL ECONOMICS: THEORY AND POLICY: PAPER-I 4 100 UNIT-I: Trade Theories (12 Lectures) Inter-regional and International trade; Importance of international trade; Comparative Cost Theory; Heckscher-Ohlin Theory; and Product Cycles; Leontief’s Paradox; Technological Gaps Theory of Trade; Emergence of intra-industry trade - Krugman's Model Linder’s UNIT-II: Trade Policy (12 Lectures)
INTERNATIONAL ECONOMICS: THEORY AND POLICY Preamble: The course is designed to provide a general understanding of the fundamentals of international economic theory along with the current trends and tendencies of the global and international relations. Thus, the principal objectives of the course are to secure a complete knowledge of international trade theories (old and new); to analyse trade policy tools and their effects; to understand international movements of factors and the most relevant destinations; to provide an overview of the working of foreign exchange markets; to introduce the main features of the international economic institutions and to enable an understanding of some of the economic crises in recent times so as to draw lessons from the same for developing countries like India. SEMESTER – V COURSE CODE PAPER TITLE CREDITS MARKS GROUP-II ELECTIVE PAPERS ECOIEPC505 INTERNATIONAL ECONOMICS: THEORY AND POLICY: PAPER-I 4 100 UNIT-I: Trade Theories (12 Lectures) Inter-regional and International trade; Importance of international trade; Comparative Cost Theory; Heckscher-Ohlin Theory; Leontief’s Paradox; Technological Gaps and Product Cycles; Linder’s Theory of Trade; Emergence of intra-industry trade - Krugman's Model UNIT-II: Trade Policy (12 Lectures)