INTERNATIONAL ECONOMICS AND POLICY

Course Objectives

Credit Units: 03

Learn the significance of International Trade & Globalization ; Introduction to International Economic Indicators & Terminologies ; Exposure to World Economies, Transformations & Emerging markets ; Visualize & cope with Global Changes in Business scenario; Understanding the role of Govt., International Institutions & Trade Policies

Course Contents
Module I: Globalization & Emerging Trends Theory of Comparative Advantage, Product Cycle Theory, New Trade Theory, Competitive Advantage of Nations, International Investment, FDI, FII, Major developments in World economy Emerging Markets - China, Africa, Asia, East Europe, Latin American & Russia. Module II: International Economic Indicators Free Trade, BOP, GNP, GDP, Per-Capita Income, Purchasing Power, Economic/Political/Legal Systems, Debt Problem, Macro Economic Issues. BarriersTariff & Non Tariff, Dumping, Antidumping, Appeal and Appellate procedures, Role of State. Module III: Global Trade & Policy Economic, Commercial, Political, Financial, Marketing, Cultural, Legal & Policy issues & their management, Global Trade of major economies- U.S., EU, China, Japan, India, Latin America, Russi.Conflict between Industrialized & Developing Countries, Export-Import Restrictions and Promotion, Investment Policies, Relevance to Indias Economy. Module IV: WTO & Global F. Is Evolution of GATT and WTO, Tariff Conversions, MFN, Membership, Structure, Uruguay & other Rounds, Agreement on a) Agriculture b) Trade-in-Services c) TRIMS d) Intellectual Property Rights; Dispute Settlement Mechanism Problems. Bretton Woods, World Bank, IBRD, IDA, IFC, MIGA, ICSID, IMF, ADB, EXIM Bank, Forfeiting & Project Exports Module V: Regional Economic Integration & Economic Transformation Levels of Economic Integration & Trade Blocks- EU, EFTA, NAFTA, CARICOM, ACM, ECSCA, ASEAN, SAARC, SAPTA, Cartels, OPEC. Transformation of Europe, Russia, East Europe, China, Africa

Examination Scheme
Components Weightage (%) CPA 5 TP 5 Q/S 5 A 5 ME 10 EE 70

References
Schmiltoft, Sweet & Mexwell (2000), Export Trade Rao,M.B., and Manjula Guru, WTO and International Trade,Vikas Publishing House Pvt. Ltd. Charles W.H. Hall,International Business, Competing in the Global Market Place,Tata McGraw Hill UCPDC-600, International Chamber of Commerce, Paris Cateora & Hess, International Marketing, Richard D Irwin Inc. Eitleman & Stonehill,Multinational Business Finance, Wesley Pub. Co. IMF References, The World Economic Outlook