Course10910717360 lectures
International Trade - Theory And Empirics
Prof. Pratap C. Mohanty · IIT Roorkee
About
This course provides conceptual and theoretical framework with empirical evidences to understand recent developments in trade strategies and policy changes. Under the Pure Theory of Trade, the basis of trade, gains from trade, direction of specialization and its effects on factor of production are discussed. Various advanced theories on strategic trade and barriers are also incorporated. The discussions on Trade Policy introduce various aspects of protectionism with respect to tariff, quota, subsidies and some latest non-tariff measures (like SPSs and TBTs), trade blocs and regional trading arrangements. In short (a) to provide an analytical framework for understanding recent developments in trade issues (b) to explain country’s policy strategies to deal with the latest complexities in trade restrictions and facilitation to enhance trade.
Intended audience: Under-Graduate and Graduating students in Economics, Management Studies, International Business and Strategies. Professionals and Teachers specific to this field.PREREQUISITES : Basics of Microeconomics Theory
Lectures
Week 1
- Introduction to Strategic Trade and Protectionism
- Introduction to Protectionism and Strategic Trade
- India’s International Trade: Latest Facts and Figures
- Facts on Trade Policies and Facilitations
- Introduction to Trade Theories: What, Why and for Whom?
Week 2
- Mercantilism
- From Mercantilism to Adam Smith
- Theory of Comparative Cost Advantage
- Static to Dynamic Comparative Advantage Theory
- Empirical Testing of Comparative Advantage Theory
Week 3
- Neoclassical Trade Theory - Standard Trade Model
- Heckscher-Ohlin Theory of Trade
- H-O-S Model in Trade and Income Distribution
- Empirical Testing of H-O Theory
- Extension to H-O Theory
Week 4
- Imperfect Competition and Trade
- Monopolistic Competition and Trade
- Intra-Industry versus Inter-Industry Trade
- Measuring Intra-Industry Trade-I
- Measuring Intra-Industry Trade-II
Week 5
- Partial Equilibrium Analysis of Trade
- Offer Curves in Trade Analysis
- Terms of Trade with Cases
- Measurement of Terms of Trade
- Terms of Trade: Determinants and Impacts
Week 6
- Trade Protectionism
- Types of Protections
- Welfare Effects of Tariffs
- Effective Protections
- Effective Protections - Latest Facts & Figures
Week 7
- Non-Tariff Measures: Recent Facts
- Types of Non-Tariff Barriers
- Effects of Non-Tariffs Barriers
- Technical Barriers to Trade (TBTs)
- Sanitary and Phytosanitary Measures (SPS)
Week 8
- Economic Integration: Blocs and Blocks
- Theory of Customs Union
- Structure and Functions of WTO
- India and WTO
- Strategic Trade - Summary and Conclusion
Week 9
- Trade and Balance of Payment
- Trends of India's BoP
- Foreign Exchange Market
- Types of Foreign Exchange market
- Exchange Rate Determination
Week 10
- Monetary Approach to the Balance of Payments and Exchange Rates
- Exchange Rate Dynamics
- Exchange Rate in the Short run
- Exchange Rate in the Long run
- Capital Mobility and the Trilemma of the Exchange Rate Regime
Week 11
- Adjustment with Fixed and Flexible Exchange Rates
- Stability of Foreign Exchange Markets
- J-Curve Effect
- Exchange Rate Pass-through
- Optimum Currency Area
Week 12
Syllabus and materials
At NPTEL, as the course publishes them.
Credits and licence
- Institution
- IIT Roorkee
- Department
- Humanities and Social Sciences
- Teacher
- Prof. Pratap C. Mohanty
- Level
- Undergraduate
- Language
- English
- Subjects
- Society and politics
- Source
- NPTEL
- Licence
- CC BY-NC-SA, as NPTEL states it. Non-commercial use only. NPTEL's terms
- Attribution
- NPTEL states: "Distributed under Creative Commons Attribution-ShareAlike / CC BY - NC - SA", beside a BY-NC-SA badge.
- Who can watch
- NPTEL gives no rating. Invisible Network shows it to Teens profiles and older, judged from what the source says about it. How courses are placed