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The International Trade Course for BA (Hons) Economics Semester V, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 45 Hours.

Course Fee : Rs. 6000

Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of Semester V Exams.

Once You get the access you need to login and download our APP and all the lectures from your login account and play in your device.

You will Get

• Full Course Video Lectures
• Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQ’s and Important Questions
• Online Discussion Forum to Post Your Queries to Discuss with Faculty & other fellow Students
• Live online Doubts Sessions for resolution of Doubts
• Mock Tests at the Website
• Video Lectures Cover Theory Portions Exchaustively + Complete Solutions of Back Questions of readings + Solutions of Previous Years Papers + Large Number of Numericals

Payment Details

To purchase any course you need to transfer the amount either through Google Pay or PhonePe at 9811261671 or Paytm at 9899192027 or Transfer through net banking IMPS into the following account

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Demo Lectures

Exam Pattern

The End-semester Examination (75 marks) will have the following format:
The question paper will have two parts: Part A and B.
Part A consists of Topic No. 1, 2 and 3. Part B consists of Topic 4.
Part A shall have 5 questions (15 marks each), out of which 3 questions to be answered.
Part B shall have 3 questions (15 marks each), out of which 2 questions to be answered.
The weightage for numerical questions in Part A and B together shall be 15 to 20 marks

Questions may cut across chapters.

Click Here for Reading List of International Trade

Course Content of Our Video Lectures

Topic – 1 : Introduction

Topic – 2 : Theories of International Trade

Topic – 3 : Trade Policy

Topic – 4 : International Macroeconomic Policy

End of Syllabus

Course Description

Course Objective

The purpose of this course is to inform the basics of international trade theory and to examine the effects of international economic policies on domestic and world welfare. This course develops a systematic exposition of models that try to explain the composition, direction, and consequences of international trade, and the determinants and effects of trade policy. Although the course is based on abstract theoretical models, students will also be exposed to real-world examples and case studies.

Course Learning Outcomes

The module aims to introduce students to the main theoretical and empirical concepts in international trade, equip students with a thorough analytical grasp of trade theory, ranging from Ricardian comparative advantage to modern theories of intra-industry trade, and familiarise students with the main issues in trade policy and with the basic features of the international trading regime. At the end of the course, the students should be able to demonstrate their understanding of the economic concepts of trade theory. In some models, the student will be required to deal with simple algebraic problems that will help them to better understand these concepts, use diagrammatic analysis to demonstrate and compare the economic welfare effects of free trade and protection, demonstrate their understanding of the usefulness and problems related to topics in international trade, and demonstrate their critical understanding of trade policies.

Unit 1

Introduction: What is international economics about? An overview of world trade. Stylized facts about international trade

Unit 2

Neoclassical trade theories: Ricardian trade theory (notion of comparative advantage and gains from trade due to specialisation); an introduction to the distributional effects of trade; the specific factor model; Heckscher-Ohlin theory: Rybczinski and Stolper-Samuelson theorems; Heckscher-Ohlin theorem; factor price equalisation

Unit 3

New trade theories: external economies of scale, internal economies of scale; the Krugman model; firm heterogeneity; international movement of factors; introduction to the theory of multinational firms

Unit 4

Trade policy: instruments of trade policy; tariffs, quotas, export subsidies, voluntary export restraints. The economics of trade policy; political economy of trade policy; controversies in trade policy

References

1. Feenstra, R., Taylor, A. (2014). International economics, 3rd ed. Worth Publishers.

2. Krugman, P., Obstfeld, M., Melitz, M. (2018). International Economics -Theory and Policy, 11th ed. Pearson Education.

3. Pugel, T. (2015). International economics, 16th ed. McGraw-Hill