International Trade and Development

International Trade and Development

1 Classical and Neo-Classical Theories of International Trade

  1. Theory of Mercantilism
  2. Absolute Advantage Theory
  3. Comparative Advantage Theory
  4. Heckscherโ€“Ohlin Theory
  5. Stolper โ€“ Samuelson Theorem
  6. Factor-Price Equalization Theorem
  7. Rybczynski Theorem

2 Gains from Trade

  1. Meaning of Gains from Trade
  2. Sources of Gains
  3. Factors Determining Size of Gains
  4. Production Possibilities Curve in International Trade
  5. Measurement of Gains from Trade
  6. Potential and Actual Gain
  7. Free Trade versus No Trade
  8. Static and Dynamic Gains

3 Intra-Industry Trade

  1. Trade Liberalization and the Phenomenon of Intra-Industry Trade
  2. Theory of Intra-Industry Trade
  3. IIT in Horizontally Differentiated Commodities
  4. IIT in Vertically Differentiated Commodities
  5. IIT in Intermediate Products
  6. IIT in Identical Commodities
  7. Measurement of IIT

4 Alternative Explanations of Trade

  1. Technological Gap Model and Product Life Cycle Theory
  2. Economies of Scale and International trade
  3. Product differentiation and International Trade
  4. Gravity Model of trade
  5. Krugman Alternative Theory of Trade
  6. Cost of Logistics, Environmental Standards, and International Trade

5 Policies of Protectionism

  1. Free Trade vs Protectionism
  2. Protectionism Policies
  3. Economic and Non-Economic Arguments for Protectionism
  4. Arguments Against Protectionism

6 Instruments of Protectionism

  1. Tariff Barriers
  2. Export subsidy
  3. Non Tariff barriers

7 Exchange Rate Regimes

  1. Concepts
  2. Importance of foreign exchange for the economy
  3. Evolution of international exchange rate regimes
  4. Forms of Exchange rate regime
  5. Indiaโ€™s exchange rate regime

8 Components of Balance of Payments

  1. Importance of balance of payments (BoP) for a country
  2. Concept of BoP
  3. Some related concepts
  4. Components of BoP
  5. BoP Accounting: An example of Indiaโ€™s BoP
  6. Nature and implications of disequilibrium
  7. Policy measures for correcting disequilibrium

9 Impossible Trinity- Alternative Scenarios

  1. The Concept of Impossible trinity
  2. Theoretical underpinning: Mundell-Fleming model
  3. Impossible Trinity: alternative scenarios countriesโ€™ experience
  4. Importance of Impossible Trinity
  5. Impossible trinity and demand for capital account convertibility of Indiaโ€™s rupee

10 Approaches to Balance of Payments

  1. Elasticity approach
  2. The Absorption Approach
  3. Keynesian Approach
  4. The Monetary Approach
  5. Synthesising all the approaches

11 International Financial Markets and Instruments

  1. Introduction
  2. Globalisation of Financial Markets
  3. Concept of International Financial Markets
  4. Types of International Financial Markets
  5. Importance of International Financial Markets and Instruments
  6. Instruments of International Financial Markets
  7. International Debt Instruments
  8. Foreign Exchange Exposure/Risk

12 Financial and Currency Crises

  1. Explaining Financial Crisis
  2. Global Financial Crisis 2007
  3. Unfolding of Global Financial Crisis
  4. World’s most Devastating Financial Crises in History
  5. The Currency Crisis and Its Effects on Financial Markets
  6. Causes of the Financial Crisis of 2008
  7. The Effects of the Crisis on the Macroeconomy
  8. Initial Policy Response

13 Multilateral Trading System- Development and Challenges

  1. General Agreement on Tariffs and Trade (GATT)
  2. The Uruguay Round
  3. The WTO Rounds
  4. Reasons for Failure of the WTO Negotiations
  5. The Way Forward

14 Regional Trading Agreements

  1. Basic Characteristics of Regional Trading Agreements
  2. Types of Regional Trading Agreements
  3. A Brief History of Evolution of Regional Trading Agreements
  4. Gains from Regional Trading Agreements
  5. Equilibrium Structure of Regional Trading Agreements

15 India and Multilateral Trading System

  1. Indiaโ€™s Trade Agreements: An Overview
  2. Indiaโ€™s Multilateral Trade Agreements
  3. Indiaโ€™s other strategic groups
  4. From GATT to WTO: Indiaโ€™s Transformation
  5. Indiaโ€™s Contribution in the WTO
  6. The Way Forward

16 Debate on the Trade and Growth Nexus

  1. Importance of Economic Growth
  2. Sources of Economic Growth: Theoretical Underpinnings
  3. Trade and Growth in the Solow Model
  4. Trade and Productivity Growth: Theoretical Links
  5. Trade Policy Regime and Growth in Developing Economies
  6. Indian Experience

17 Trade and Environment

  1. Trade and Environment: Linkages
  2. Trade and Externalities
  3. Trade and Climate Change
  4. Trade and Environment: Policy and Practice
  5. Role of WTO to Safeguard Environment
  6. Multilateral Environment Agreements and Trade

18 Indiaโ€™s Trade Policy

  1. Concept, nature and aims of trade policy
  2. Basic tools of trade policy
  3. Evolution of trade policy
  4. Foreign Trade policy of 2015-20
  5. Services trade policy
  6. Recalibrating India’s foreign trade policy
  7. Impact of trade policy reforms
  8. Foreign trade policy 2023

19 Indiaโ€™s Trade- Trends, Composition and Challenges

  1. Pattern of Indiaโ€™s Foreign Trade after Independence
  2. Direction of Indiaโ€™s Foreign Trade:
  3. Composition of Indiaโ€™s Foreign Trade:
  4. Challenges faced by Foreign Trade of India