Economics of Global Trade and Finance
MCom Part I
Economics of Global Trade and Finance
Semester I
2012-13
Dr. Ranga Sai
Department of Business Economics
Kelkar- Vaze College, Mumbai-400081
Dr Ranga Sai
Vaze College, Mumbai
Preamble
The syllabus of M. Com Part 1 is designed to acquaint the students with the various aspects of International Trade, Commercial Policy and Global Finance as well as recent trends and developments in international trade.
SEMESTER I
Module 1: Commercial policy
Tariff and Non tariff barriers, Miscellaneous Protection
Techniques – Dumping, Subsidies, Cartels and Commodity
Agreements.
(15)
Module 2: Economics of integration
Types of integration (EU, NAFTA, APEC, ASEAN, and
SAARC): Achievements and Future prospects, Regionalism
Vs. Multilateralism (15)
Module 3: Trends in world trade, WTO and Developing economies Recent Trends in Global Trade ‐ Contentious issues –
Agriculture and Market Access, Trade and Environmental issues, Dispute Settlement Mechanism
(15)
SEMESTER II
Module 4: Balance of Payments Adjustments
Foreign Trade Multiplier and Global Repercussions – BOP and Policy Mix: Role of Monetary and Fiscal Policy in BOP –
Trade off between Internal and External Balance (Mundell and Flemming Model)
(15)
Module 5: Foreign exchange markets
Flexible Exchange Rate, Currency convertibility, Significance of foreign exchange reserves, Exchange risks, Global linkage of foreign exchange markets, Open and Closed: Interest Parity
Conditions , Euro Currency Markets , Euro Equity and Euro
Bonds Markets – Nature and Characteristics.
(15)
Module 6: International Factors Movements
Movement of labour between countries – Trends in Migration,
International capital movements – Role and impact of foreign
______________________Economics of Global Trade and Finance___________________
2
Dr Ranga Sai
Vaze College, Mumbai
capital, Types and factors, Role of MNCs, Changing role of the IMF in the emerging international scenario.
Economics of Global Trade and Finance
Semester I
2012-13
Dr. Ranga Sai
Department of Business Economics
Kelkar- Vaze College, Mumbai-400081
Dr Ranga Sai
Vaze College, Mumbai
Preamble
The syllabus of M. Com Part 1 is designed to acquaint the students with the various aspects of International Trade, Commercial Policy and Global Finance as well as recent trends and developments in international trade.
SEMESTER I
Module 1: Commercial policy
Tariff and Non tariff barriers, Miscellaneous Protection
Techniques – Dumping, Subsidies, Cartels and Commodity
Agreements.
(15)
Module 2: Economics of integration
Types of integration (EU, NAFTA, APEC, ASEAN, and
SAARC): Achievements and Future prospects, Regionalism
Vs. Multilateralism (15)
Module 3: Trends in world trade, WTO and Developing economies Recent Trends in Global Trade ‐ Contentious issues –
Agriculture and Market Access, Trade and Environmental issues, Dispute Settlement Mechanism
(15)
SEMESTER II
Module 4: Balance of Payments Adjustments
Foreign Trade Multiplier and Global Repercussions – BOP and Policy Mix: Role of Monetary and Fiscal Policy in BOP –
Trade off between Internal and External Balance (Mundell and Flemming Model)
(15)
Module 5: Foreign exchange markets
Flexible Exchange Rate, Currency convertibility, Significance of foreign exchange reserves, Exchange risks, Global linkage of foreign exchange markets, Open and Closed: Interest Parity
Conditions , Euro Currency Markets , Euro Equity and Euro
Bonds Markets – Nature and Characteristics.
(15)
Module 6: International Factors Movements
Movement of labour between countries – Trends in Migration,
International capital movements – Role and impact of foreign
______________________Economics of Global Trade and Finance___________________
2
Dr Ranga Sai
Vaze College, Mumbai
capital, Types and factors, Role of MNCs, Changing role of the IMF in the emerging international scenario.
References: Review Department, 15, 2011. University Press, 2004. 4. Philippe Combes, Thierry Mayer, Jacques Francois ThissePublisher: Princeton University Press, 2008. 6. Introduction to International Economics Author: Dominick Salvatore Publisher: John Wiley & Sons, 2011 Pearson Education, 2008. USA, 2006. USA, 2006. 13. Peter Kenen: The International Economy, (4ed.) Cambridge University Press, 2000.