Chpt 1. Introduction to International Trade
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
Chpt 2. Commercial Policy
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
Chpt 3. Balance of Payments and International Economic Organisation
BOP : Meaning, Structure, Types of Disequilibrium
Causes and Measures to Correct the Disequilibrium in Balance of Payment
WTO : Recent Developments in TRIPS, TRIMS and GATS
Chpt 4. Foreign Exchange Market
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 Systems of India
– Model Question Paper