बी. ए. ( V सेमेस्टर)
अर्थशास्त्र
II (B) प्रश्नपत्र
अन्तर्राष्ट्रीय अर्थशास्त्र
B.A. (V Semester)
Economics
Paper - I
(International Economics)

SYLLABUS

Unit -I

Need, Significance and Scope of International Economics. Early Trade Theory Mercantilism; The Classical Theories of Trade Adam Smith, David Ricardo; Opportunity Cost Approach; Terms of Trade Meaning and Concepts, Factors affecting Terms of Trade; Mill's Reciprocal Demand Analysis.

Unit - II

Free Trade and Protection-Meaning of Free Trade, Arguments For the Against Free Trade, Meaning of Protection, Arguments for Protection - Economic and Non- Economic Arguments; Protection and Less Developed Countries.

Unit - III

Theories and Forms of Economics Integration - Meaning & Benefits; Forms of Economic Integration Custom Union Production and Consumption Effects of Customs Union; Problems Involved in the Formation of Customs Union; Political Economy of Protection; SAFTA, BRICS, IBSA.

Unit - IV

Balance of Payments - Concepts; Adjustment Mechanisms of Balance of Payments - Adjustment Through Variations in Exchange Rates, Devaluation and Balance of Payments Adjustment, The Elasticity Approach, Marshall-Lerner Condition.

Unit - V

Heckscher-Ohlin Theorem, The Leontief Paradox, Post- Heckscher-Ohlin Theories of Trade Technological Gap Model; The Krugman Model, Effects of Growth on International Trade - Production & Consumption Effects, Export Pessimism, Immiserising Growth; Gains from Trade-Meaning and Types, Factors Determining Gains from Trade.

Unit - VI

International Financial Institutions-IMF, WORLD BANK, ADB; GATT, WTO-TRIPS & TRIMS, WTO and India; UNCTAD, North-South Trade Dialogue, South-South Cooperation; Globalization; FDI.

Unit - VII

Quantitative Restrictions; Quota-Meaning, objectives, Types and Effects of Import Quotas; Tariffs-Meaning Types and Effects of Tariffs; Non-Tariff Barriers Meaning, Classification and Types.

Unit - VIII

Foreign Exchange - Meaning and Instruments, Exchange Rate Determination, Mint Par Parity theory, Purchasing Power Parity Theory, Hedging, Foreign Exchange Rate Policy - Fixed, Flexible & Multiple Exchange Rate System; Convertibility of Rupee in Current Account and Capital Account, Move Towards Capital Account Convertibility; Global Financial Crisis.

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