Intertional Trade and Finance

1. Explain the fundamental concepts of international trade and finance.
2. Distinguish between internal and international trade.
3. Analyze traditional and modern theories of international trade.
4. Evaluate the benefits and drawbacks of international trade.
5. Understand the impact of trade policies on global markets.
6. Apply critical thinking skills to economic arguments.

13 weeks, about 57 hours in total. Yours will differ.

1. Week 1Module 1: Introduction to International Trade

   • Unit 1: Meaning of International Trade · 3 hours

     Define international trade and its characteristics.. Differentiate between foreign and domestic trade.. Analyze trade patterns and practices..

   • Unit 2: Difference Between Internal and International Trade · 3 hours

     Compare and contrast internal and international trade.. Discuss the role of factor mobility.. Analyze the impact of different national policies..

2. Week 2Module 1: Introduction to International Trade

   • Unit 3: Basic Tools of International Trade Analysis · 4 hours

     Apply graphical tools to explain international trade concepts.. Use equations to estimate exchange rates.. Interpret tabular illustrations of gains from trade..

3. Week 3Module 2: Major Concept of International Trade

   • Unit 1: Basic concepts of International Trade · 3 hours

     Define export, import, and entre-port.. Explain the relationship between export and import.. Discuss the importance of import and export to an economy..

4. Week 4Module 2: Major Concept of International Trade

   • Unit 2: Methods of Payments · 4 hours

     Understand different methods of payment in international trade.. Analyze bank charges and other costs.. Explain bank transfers and remittances..

5. Week 5Module 2: Major Concept of International Trade

   • Unit 3: Balance of Trade and Balance of Payment · 4 hours

     Explain the concepts of balance of trade and balance of payment.. Identify the components of balance of payment.. Differentiate between balance of trade and balance of payment..

6. Week 6Module 3: International Trade Benefits and Dumping

   • Unit 1: Benefit and Gains from Trade · 4 hours

     Identify the benefits of international trade for developing nations.. Analyze the gains from trade.. Understand the actual and potential gains from international trade..

7. Week 7Module 3: International Trade Benefits and Dumping

   • Unit 2: Concepts of Dumping · 4 hours

     Define dumping in international trade.. Explain the types of dumping.. Understand the basic objectives of dumping..

8. Week 8Module 3: International Trade Benefits and Dumping

   • Unit 3: Trade Controls · 4 hours

     Understand the concept of tariff and its implications.. Distinguish between various types of non-tariff barriers.. Analyze the differences between tariff and non-tariff controls..

9. Week 9Module 4: Early Theories of International Trade

   • Unit 1: Mercantilism · 4 hours

     Understand the meaning of mercantilism.. Explain the arguments that operate during the mercantilism period.. Understand the principles underlying the mercantilism theory..

10. Week 10Module 4: Early Theories of International Trade

    • Unit 2: Comparative Advantage Trade Theory · 4 hours

      Understand the meaning and assumptions underlying the comparative advantage trade theory.. Explain the benefits from trade under this theory.. Analyze the criticisms of the comparative advantage theory..

11. Week 11Module 4: Early Theories of International Trade

    • Unit 3: Absolute Cost Advantage Trade Theory · 4 hours

      Understand the meaning of absolute cost advantage trade theory.. Know the assumptions of absolute cost advantage theory.. Explain the illustration of the theory..

12. Week 12Module 5: Modern Theory of International Trade

    • Unit 1: The Heckscher-Ohlin Theory · 4 hours

      Understand the meaning of the Heckscher-Ohlin theory.. Explain the underlying assumptions of the theory.. Understand the explanation of the theory..

13. Week 13Module 5: Modern Theory of International Trade

    • Unit 2: Samuelson's Factor Price Equalization Theorem · 4 hours

      Understand the meaning of factor price equalization.. Know the assumptions given for the working of the theorem.. Understand the explanation of the factor price equalization theorem..

    • Unit 3: Factor Intensity Reversal · 4 hours

      Explain the meaning of factor intensity reversals.. Distinguish between single factor and multiple factor intensity reversals.. Understand the effect of change in commodity prices on real factors rewards..