International Economics Syllabus — Government College of Engineering…
Full syllabus, topics and curated resources for International Economics (Government College of Engineering and Technology, Jammu).
International trade theories, foreign exchange, trade barriers and balance of payments
- Subject code: HMT-7701
- University: Government College of Engineering and Technology, Jammu
- Course: BE (2022 onwards)
- Branch: CE
- Semester: 7
International Economics syllabus
Unit 1: Concept of International Trade
- Meaning, Significance and Scope of International Economics
- Internal, Interregional and International Trade - Comparison
- Absolute Cost Advantage Theory
- Comparative Cost Advantage Theory
- Opportunity Cost Theory - Features, Assumptions and Limitations
Unit 2: Modern Theories of International Trade
Unit 3: Terms of Trade - Concepts and Significance
- Meaning, Concept and Significance of Terms of Trade
- Net Barter Terms of Trade Index
- Gross Barter Terms of Trade Index
- Income Terms of Trade Index
- Single and Double Factoral Terms of Trade Index
- Factors Influencing Terms of Trade
Unit 4: Foreign Exchange Rate and Exchange Control
- Meaning and Types of Foreign Exchange Rate
- Fluctuating Exchange Rate System
- Fixed Exchange Rate System
- Exchange Control - Meaning, Features and Objectives
- Methods of Exchange Control
- Merits and Demerits of Exchange Control
Unit 5: Trade Barriers
- Tariffs - Meaning, Classifications and Impact
- Import Quotas - Meaning, Types and Effects
- Devaluation - Concept, Merits and Demerits
Unit 6: Balance of Payment and International Organisations
- Concept and Components of Balance of Trade
- Concept and Components of Balance of Payment
- Equilibrium and Disequilibrium in BOP
- Consequences of Disequilibrium in BOP
- Measures to Correct Deficit in BOP
- International Monetary Fund (IMF) - Objectives and Functions
- World Bank - Objectives and Functions
- World Trade Organisation - Objectives and Functions