International Economics

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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

On Payment of Fee we will create your account on our website & you need to login and download all the lectures & our APP through that login account

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

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

Account Details

Dheeraj Suri

Saving Account Number

392010100053871

Axis Bank, Model Town Branch

Delhi – 110009

IFS Code : UTIB0000392

Payment App Details

GPay Number : +91 9811261671

PhonePe Number : +91 9811261671

Paytm Number : 9899192027

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Demo Lectures

Exam Pattern

Internal Assessment (25 marks): The internal evaluation will consist of two class tests or one class test and a Project of 10 marks each, with 5 marks being allocated for attendance.

The End-semester Examination (75 marks): Questions will include a couple of parts with mathematical and numerical exercises. Such exercises may carry 25-35 marks. Equal weightage should be paid to the last three units.

Click Here for Reading List of International Trade

Course Content of Our Video Lectures

Lectures are as per Latest Syllabus for 2021

Unit – 1 : Introduction

Chapter 1 : Introduction [30 Minutes]

Based Upon Feenstra, Chapter 1

Number of Lectures   1 Lectures

Total Duration of Lectures  30 Minutes

Unit – 2 : Neoclassical Trade Theories

Chapter 2 : Ricardian Model [242 Minutes]

Based Upon Krugman, Chapter 3

Number of Lectures   5 Lectures

Total Duration of Lectures  242 Minutes

Chapter 3 : Specific Factors Model [163 Minutes]

Based Upon Krugman, Chapter 4

Number of Lectures   4 Lectures

Total Duration of Lectures  163 Minutes

Chapter 4 : Standard Trade Model [112 Minutes]

Based Upon Krugman, Chapter 6

Number of Lectures   3 Lectures

Total Duration of Lectures  112 Minutes

Chapter 5 : Heckscher – Ohlin Model [106 Minutes]

Based Upon Gandolfo, Chapter 4

Number of Lectures   2 Lectures

Total Duration of Lectures  106 Minutes

Chapter 6 : The Four Core Theorems [ Minutes]

Based Upon Gandolfo, Chapter 5

Number of Lectures   Lectures

Total Duration of Lectures  Minutes

Unit – 3 : New Trade Theories

Chapter 7 : Gravity Model [26 Minutes]

Based Upon Krugman, Chapter 2

Number of Lectures   1 Lectures

Total Duration of Lectures  26 Minutes

Chapter 8 : External Economies of Scale [85 Minutes]

Based Upon Krugman, Chapter 7

Number of Lectures   1 Lectures

Total Duration of Lectures  85 Minutes

Chapter 9 : Firms in Global Economy [143 Minutes]

Based Upon Krugman, Chapter 8

Number of Lectures   2 Lectures

Total Duration of Lectures  143 Minutes

Chapter 10 : Offshoring of Goods & Services [143 Minutes]

Based Upon Feenstra, Chapter 7

Number of Lectures   2 Lectures

Total Duration of Lectures  143 Minutes

Unit – 4 : Trade Policy

Chapter 11 : Instruments of Trade Policy [140 Minutes]

Based Upon Krugman, Chapter 9

Number of Lectures   4 Lectures

Total Duration of Lectures  140 Minutes

Chapter 12 : Political Economy of Trade Policy [140 Minutes]

Based Upon Krugman, Chapter 10

Number of Lectures   3 Lectures

Total Duration of Lectures  140 Minutes

Chapter 13 : Export Policies [ Minutes]

Based Upon Feenstra, Chapter 10

Number of Lectures   Lecture

Total Duration of Lectures  Minutes

Chapter 14 : Tariff & Non Tariff Barriers [ Minutes]

Based Upon Gandolfo, Chapter 10

Number of Lectures   Lectures

Total Duration of Lectures  Minutes

Chapter 15 : International Agreements [ Minutes]

Based Upon Feenstra, Chapter 11

Number of Lectures   Lectures

Total Duration of Lectures  Minutes

Chapter 16 : The New Protectionism [ Minutes]

Based Upon Gandolfo, Chapter 12

Number of Lectures   Lectures

Total Duration of Lectures  Minutes

Chapter 17 : Offer Curve [ Minutes]

Based Upon Gandolfo, Chapter 3

Number of Lectures   Lecture

Total Duration of Lectures  Minutes

End of Syllabus

Syllabus for International Trade as Prescribed by University of Delhi

HE52_2021_International_Trade

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