MEC-107: International Trade and Development
Theories of international trade and their role in economic development
Course Overview
This course explores classical and modern theories of international trade, trade policies, balance of payments, and the relationship between trade and economic development, with special reference to developing countries.
Course Objectives
- Understand the foundations of international trade theory
- Analyze trade policies and their effects
- Evaluate the role of trade in development
- Interpret balance of payments accounts
- Assess contemporary trade issues
Key Topics
- Classical and Modern Trade Theories
- Gains from Trade and Terms of Trade
- Trade Policy Instruments
- Balance of Payments
- Trade and Economic Growth
- Development Strategies and Trade
- WTO and Global Trade Governance
- Regional Trade Agreements
Recommended References
- International Economics by Paul Krugman and Maurice Obstfeld
- International Trade by Dominick Salvatore
- The World Trading System by John H. Jackson
Study Materials
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Important Topics
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Previous Year Questions
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Assignments
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