NPTEL Syllabus

InternationalEconomics - Videocourse

COURSE OUTLINE International Trade covers topicsrelated to pure theory ofinternational trade, trade policiesfollowed by countries, internationalmonetary theories and internationalmonetary policies includingdiscussion on the globalizationprocess and the benefits and costsassociated with the process.The course will give some answersto why countries and firms dointernational trade with each otherand what is the pattern of trade.Further it will discuss what policiesare available with countries toprotect their interests and how isinternational trade related to incomedistribution, poverty and otherdevelopment parameters of theeconomy.I intend to prepare video and webbased lectures for the same.International Economics coursecontent may include the following. COURSE DETAIL

Sl.No.

Topic Numberof

LectureHours

1. Empirical Facts ofInternationalTrade and theirExplanations.

01

2. GlobalizationProcess: Costsand Benefits.

01

3. Offer Curves,CommunityIndifferenceCurves, TradeIndifferenceCurves, Terms of

04

NPTELhttp://nptel.iitm.ac.in

Humanities and Social Sciences

Pre-requisites:

Microeconomics.

Hyperlinks:

1. http://wps.aw.com/aw_hustedmelv_interecon_6/14/3805/974203.cw/index.html(trade quiz)

1. http://ocw.mit.edu/NR/rdonlyres/Economics/2. http://internationalecon.com/Trade/Tch40/Tch40.php3. http://wps.aw.com/

Coordinators:Dr. Somesh K. MathurDepartment of Humanities and Social SciencesIIT Kanpur

Trade, MarshallLerner Conditionfor Stability,Ricardian Modelof Trade andExtensions,Mercantilist Viewson Trade andAdam SmithTrade Model.

4. Specific TradeModel andIncomeDistribution.

02

5. Production atAutarky,Heckscher- Ohlin-SamuelsonModel, StoplerSamuelson,RzybnzskiTheorems, FactorPriceEqualizationTheorem,TechnologicalProgress andTrade.

05

6. Extension ofHeckscher OhlinModel.

01

7. Posner andVernonsChangingComparativeAdvantageTheories.

02

8. LindersHypothesis.

01

9. Heckscher-Ohlin-Vanek Theorem.

02

10. Empirical Testingof Trade Theoriesand LeontiefParadox

04

11. Melitz New NewTrade Theory.

02

12. InternationalFactorMovements and

02

Theories ofForeign DirectInvestments andForeignInstitutionalInvestment, FDISpillovers.

13. Trade Policies:EconomicAnalysis ofTariffs, Quotas,Export Subsidiesand VERs.

02

14. Arguments forTrade Barriersand Measurementof Protection.

01

15. Political Economyof Trade Policy,Foreign Capitaland Welfare.

01

16. Trade, Growth,Development,Inequality andPovertyRelationships.

02

17. WTO and itsprovisions, Impactof the WTO ontrade anddevelopment ofDevelopingCountries.

03

18. Balance ofPayment( BOP),Balance of Trade,Official Reserves,BOP Deficit andSurplus and GoldStandard, InternationalMonetarytheories: DifferentApproaches toExchange RateDetermination.

03

19. InternationalMonetary Policiesand Reforms inthe InternationalFinancial System,Policies formitigatingoccurrence ofFinancial Crisis,

02

Models ofCurrency ,Banking and BOPcrises.

20. EconomicIntegration ,Regionalism vsMultilateralismdebate.

02

21. Open EconomyMacroeconomicsandInterdependentEconomies.

02

22. Gains from Tradeand Trade andIncomeDistribution.

01

23. Trade andEndogenousGrowth.

01

24. Trade,Environment,Labour, IPRRelationships.

02

25. Trade in Tasks,Outsourcing andGATS.

02

26. Reserves, Debtand Riskincluding hedgingtechniques.

02

27. EconomicExpansion andTrade.

02

28. InternationalTechnologyTransfer, Tradeand Migration.

02

TOTAL 57

References:

1. Krugman and Obstfield(2009),

International Economics:Theory and Policy, 8 edition,Dorling Kindersley India Pvt.Limited.

2. Handbook of InternationalEconomics (3 volumes),Elsevier, Netherlands.

3. Charles Van Marrewijk(2007):International Economics,Theory, Application andPolicy, Oxford UniversityPress.

4. Robert J Carbaugh(2004),International Economics, 9edition, Thomson SouthernWestern, Caves, Frankel andJones(2002), World Trade andPayments, 9 Edition, PearsonEducation.

5. Raveendra Batra, PureTheory of International Trade,JNU.

6. Salvatore, Dominic(2004),Schaums Oulines,International Economics, 4edition, Tata McGraw Hill.

7. Kenen,PB(1964), InternationalEconomics.

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