Why International Trade; Theories of International Trade- Theory of Absolute Advantage, Theory of Comparative Advantage, Heckscher-Ohlin Trade Model; Factor Mobility and Trade; Gains from Trade; Alternative Theories of Trade; Economic Growth and International Trade; Technical Progress and International Trade; The Terms of Trade; Tariffs under Optimal Market Conditions; Balance of Payments; International Economic Policies and adjustment Mechanism; Fixed Vs Flexible Exchange Rates; Free Trade and Protectionism, Political Economy and InternationalTrade; Trade Policies with special reference to Developing Countries; Role of World Trade Organization.
Text/Reference Books:
1. Paul R Krugman & Maurice Obstfeld, International Economics, Pearson Education
2. G Shailaja, International Finance, University Press
3. Shenkar O & Y Luo, International Business, Wiley