INTERNATIONAL ECONOMICS-I

Course Description

The course covers the fundamental trade theories such as comparative advantage, Heckscher-Ohlin model and other post-HO trade theories as well as the welfare analysis of trade policies such as tariffs, quotas, subsidies and economic integration. The aim of this course is to introduce the students to various trade theories explaining why trade exists and how it affects the welfare between and within the countries. The theories covered include comparative advantage, standard theory of trade, Heckscher-Ohlin theory and post-HO contemporary trade theories. The second part of the course covers different trade policies such as tariffs, quotas, VERs, subsidies and economic integration, and their welfare analysis.

INTERNATIONAL ECONOMICS-I

Evaluation Tools (Active Term)

Course outcomes

No course outcomes have been defined yet.

Course Syllabus

Reference Books & Course Materials

1. 01 "International Economics" Appleyard, Cobb and Field ISBN:978-125-929-0626
2. 02 "International Economics" Krugman, Paul R. and Maurice Obstfeld Pearson Addison-Wesley ISBN:978-01-332-236-48

Learning Outcomes

1. L01 be able to understand the principles and applications of international economics SOLO 3
2. L02 learns certain trade theories. SOLO 4
3. L03 learns the tariff and non-tariff barriers SOLO 3
4. L04 understands international factor movements SOLO 4
5. L05 understands different exchange rate systems SOLO 3
6. L06 learns international macroeconomic policy coordination SOLO 4

Program Outcomes

1. P01 PO1: Engaged in insightful thinking leading to self-learning and lifelong learning.
2. P02 PO2: Established a general knowledge of economics sufficient to work independently through specific learned techniques generated via individual efforts and study.
3. P03 PO3: Reached the required knowledge and skills to understand social, economic and legal issues both within national, international and global contexts and apply theoretical knowledge of economics to practice.
4. P04 PO4: Adopted the ability to critically evaluate, analyze and interpret information gathered through the use of related statistical software programs to suggest creative solutions for economic problems and make relevant economic decisions.
5. P05 PO5: Been aware of gathering and analyzing data through the application of appropriate technological tools in an ethical and safe manner in order to generate economic decisions and policy suggestions.
6. P06 PO6: Been equipped with conceptual and analytical skills essential for team-working and collaborations for economic decision making for a variety of economic concepts in national and global environment.
7. P07 PO7: Endowed with both oral and written communication skills within the economic field to effectively study and work in an international environment
8. P08 PO8: Been able to transfer theoretical knowledge to real life economic environment: to generate policies for microeconomic and macroeconomic problems faced by individuals, firms and governments at national, international and global context.
9. P09 PO9: Developed an ability to apply economic analysis to everyday problems in real world through the development of ethical perspectives and social responsibilities at work and in personal life.

Po-Lo Matrix