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246E3A

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vishnuadamadam
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© © All Rights Reserved
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UNIVERSITY OF MADRAS

B.COM. (GENERAL) DEGREE PROGRAMME


SYLLABUS WITH EFFECT FROM 2023-2024

SECOND YEAR– SEMESTER – III


ELECTIVE - III: INTERNATIONAL TRADE
(Common to BCom-AF)
Subject Inst. Marks
L T P S Credits
Code Hours CIA External Total
246E3A 4 3 4 25 75 100
Learning Objectives
LO1 To enable students familiarise with the basics of International Trade.
LO2 To know the various theories of international trade.
LO3 To impart knowledge about balance of trades and exchange rates.
LO4 To gain knowledge about international institutions.
LO5 To gain insights on World Trade Organisation
Prerequisite: Should have studied Commerce in XII Std
Unit Contents No. of Hours
Introduction to International Trade – Meaning – Definition - Difference
I between Internal and International Trade – Importance of International 12
Trade in the Global context
Theories of International trade: Classical theories - Adam smith’s theory of
Absolute Advantage – Ricardo’s Comparative cost theory - Modern
theories of International Trade - Haberler’s Opportunity Cost theory –
II 12
Heckscher –Ohlin’s Modern theory – International trade and Factor
Mobility Theory – Leontiff’s Paradox - International trade and
economic growth theory - Immiserating growth theory.
Balance of Payments – Components of Balance of Payments - Current
account, Capital account & Official settlement accounts - Disequilibrium in
BOP -Methods of correcting Disequilibrium - Balance of Payment
III 12
adjustment Theories - Marshall Lerner mechanism.
Balance of Trade – Terms of Trade – Meaning – Definition – Difference
between BOP and BOT.
International Economic Institutions - International Monetary System -
Bretton Woods Conference – IMF - Objectives, Organizational structure –
IV 12
Membership – Quotas – Borrowing and Lending
Programme of IMF – SDRs – India and IMF -World Bank and UNCTAD.
World Trade Organisation (WTO) – Functions and Objectives –
V 12
Agricultural Agreements – GATS - TRIPS – TRIMS.
TOTAL 60
UNIVERSITY OF MADRAS
B.COM. (GENERAL) DEGREE PROGRAMME
SYLLABUS WITH EFFECT FROM 2023-2024

Course Outcomes
Distinguish between the concept of internal and international trade.
CO1

CO2 Define the various theories of international trade.

CO3 Examine the balance of trade and exchange rates

CO4 Appraise the role of IMF and IBRD.


CO5 Define the workings of WTO and with special reference to India.

Textbooks
Francis Cherunilam, International Trade and Export Management – Himalaya Publishing
1
House - Mumbai –04.
Paul.R.Krugman and Maurice Obstfeld, International Economics (Theory and Policy) -
2
Pearson Education Asia - Addison Wesley Longman (P) Ltd. - Delhi – 92.
Robert J.Carbaugh, International Economics - Thomson Information Publishing Group -
3
Wadsworth Publishing Company -California.
4 H.G. Mannur, International Economics – Vikas Publishing House (P) Ltd – New Delhi-14.
Bimal Jaiswal & Richa Banerjee, Introduction To International Business, Himalaya
5
Publication, Mumbai
Reference Books
1 Dr. T. Aryamala,Vijay Nicole, International Trade, Chennai
2 Avadhani, V.A. International Financial Management, Himalaya Publications, Mumbai
Punam Agarwal and Jatinder Kaur, International Business, Kalyani Publications, New
3
Delhi
4 S Sankaran , International Trade, Margham Publication, Chennai
5 C B Gupta, International Business, S Chand Publishing, New Delhi
NOTE: Latest Edition of Textbooks May be Used
Web Resources
1 https://opentext.wsu.edu/cpim/chapter/2-1-international-trade/
https://www.economicsdiscussion.net/balance-of-payment/balance-of-payments-
2
international-trade-economics/30644
3 https://www.wto.org/english/thewto_e/countries_e/india_e.htm
UNIVERSITY OF MADRAS
B.COM. (GENERAL) DEGREE PROGRAMME
SYLLABUS WITH EFFECT FROM 2023-2024

MAPPING WITH PROGRAMME OUTCOMES


AND PROGRAMME SPECIFIC OUTCOMES

PO PO PO PO PO PO PO PO PSO PSO PSO


1 2 3 4 5 6 7 8 1 2 3

CO1 3 2 3 2 2 2 2 2 2 3 2

CO2 3 2 3 2 3 2 2 2 2 3 2

CO3 3 2 3 2 3 2 2 2 2 3 2

CO4 3 2 3 2 2 2 2 2 2 3 2

CO5 3 2 3 2 2 2 2 2 2 3 2

TOTAL 15 10 15 10 12 10 10 10 10 15 10

AVERAG 3 3 2
3 2 2 2.4 2 2 2 2
E

3 – Strong, 2- Medium, 1- Low

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