The objective of the course is to impart knowledge with regards to the elementary concepts of foreign trade management, which forms the foundation of the course.
Concept, Scope, Advantages, Challenges of International trade, Difference between domestic trade and international trade
Absolute Cost Advantage, Comparative Cost Advantage, Heckscher- Ohlin Theory, Country Similarity Theory, International Product Life Cycle Theory
Concept, Components, Importance, Difference between Balance of Payments & Balance of Trade, Causes of disequilibria, Rectification of disequilibria
Tariffs, Subsidies, Import Quotas, Voluntary Export Restraints, Local Content Requirements, Administrative Policies
Concept, Kinds of dumping, Essential Conditions for dumping, Effects of dumping, Anti-dumping measures
1. P Subba Rao : International Business , Himalayan Publications.
2. Mathur S K : International Finance and Trade.
3. Jeevanandam C : Foreign Exchange and Risk Management.
1. Thakur & Mishra : International Business.
2. Varshney R.L. and Bhattacharya: International Marketing Management.
3. Ashwatthapa: International Business.
4. Francis Cherunilam: International Business.
Links:
[1] https://www.foreigntrade.iisuniv.ac.in/courses/subjects/basics-international-trade
[2] https://www.foreigntrade.iisuniv.ac.in/academic-year/2019-2020