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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

INTERNATIONAL ECONOMICS - I | Economics

INTERNATIONAL ECONOMICS - I

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Paper Code: 
ECO 321
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

To develop an understanding of various issues related to international economics.

12.00
Unit I: 
Theories of international trade -I
  • Analytical Tools – production possibility curve, community indifference curve, price line, offer curves;
  • Mercantilism;
  • Theory of Absolute Advantage;
  •  Theory of Comparative Advantage;
  • Opportunity Costs Theory (in terms of constant costs and increasing costs)
12.00
Unit II: 
Theories of international trade -II
  • Offer Curves – Mill’s doctrine, Equilibrium relative commodity price with trade;
  • Terms of trade – meaning and different concepts;
  • Factor Endowment Theory – H O Theorem, Factor Price Equalization Theorem
  • Empirical tests of HO model – Leontief’s Paradox
  • Factor intensity reversal
12.00
Unit III: 
Economies of Scale, Imperfect Competition and International trade
  • HO model and new trade theories;
  • Economies of scale and international trade;
  • Imperfect competition and international trade.
12.00
Unit IV: 
Economic Growth and Trade - I
  • Trade based on dynamic technological differences;
  • Growth of factors of production –The Rybczynski Theorem;
  • Technical progress

 

12.00
Unit V: 
Economic Growth and Trade - II
  • Growth and Trade – the small country case;
  •  Growth and Trade – the large country case – Immeserizing Growth;
  • Growth, Change in tastes and trade in both nations.
Essential Readings: 
  1. Salvatore, D. (1997), International Economics, Prentice Hall, Upper Saddle River, N.J., New York.
  2. Cherunilam Francis – International Economics, 5th ed, Tata McGrawhill Companies.
  3. Soderston Bo & Geoffrey Reed – International Economics, Macmillan, London.
  4. Rana K.C and Verma K.N., International Economics (latest edition), Vishal Publishing Company.
  5. Soderston, Bo (1991), International Economics, The Macmillan Press Ltd., London.
  6. Bhagwati, J. (Ed.) (1981), International Trade, Selected Readings, Cambridge, University Press, Massachusetts.
  7. Chacholiades, M. (1990), International Trade: Theory and Policy, McGraw Hill, Kogakusha, Japan.
  8. Krugman, P.R. and M. Obstfeld (1994), International Economics: Theory and Policy, Glenview, Foresman.
Academic Session: 
2016-17
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