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Admissions

It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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Placements

Excellent education not only imparts knowledge, but also paves the way for a promising and successful career. The Placement Cell at The IIS University has numerous success stories to narrate in this regard...

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Life@IIS Univ

Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with vibrant events and memorable occasions to cherish for a lifetime.

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Academics

Taking the age-old tradition of enlightenment through education forward, The IIS University - in its continuous pursuit of excellence - firmly believes that an institution’s academic profile determines its worth and value. Therefore, on offer are a wide variety of both conventional and contemporary programmes of study.

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Research

To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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About Us

The IIS University, with its perfect amalgamation of innovation, inspiration and synergy, aims to be a model institution for students across disciplines and programmes.

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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 -II | Economics

INTERNATIONAL ECONOMICS -II

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Paper Code: 
ECO 421
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

1.     To make the students understand the concept of tariffs and other non-tariff barriers and to acquaint them with the theory of Economic Integration, particularly Customs Union.

2.     To acquaint the students with the meaning and components of balance of payments and devaluation.

3.     To introduce the students to the role of foreign exchange market, transactions involving foreign exchange and theories of exchange rate determination.

12.00
Unit I: 
International Trade Policy – I

Free Trade vsProtectionism;Tariffs – meaning and types;Partial Equilibrium Analysis of a Tariff;Rate of Effective Protection;General Equilibrium effects of tariffs in a small nation – The Stolper Samuelson Theorem;General Equilibrium effects of tariffs in a large nation – The Optimum Tariff.

12.00
Unit II: 
International Trade Policy – II

Import Quotas – Meaning, types and effects;Import Tariff vs Import Quota;Othernon tariff barriers – Voluntary Export Restraints; Technical, Administrative and Other Regulations; International Cartels; Dumping; Export Subsidies;Strategic Trade and Industrial Policies.

12.00
Unit III: 
Economic Integration

Forms of economic integration;Trade creating customs union;Trade diverting customs union;Static and Dynamic effects of customs union;European Union, NAFTA, EFTA.

12.00
Unit IV: 
Balance of Payments & Devaluation

Components of balance of payments;Balance of payments disequilibrium – meaning and causes;Measures to correct disequilibrium in the balance of payments;Foreign Trade Multiplier;Devaluation – elasticities approach, Marshall-Lerner condition, income absorption approach;The J – curve effect.

12.00
Unit V: 
Foreign Exchange Market and Exchange Rates

Functions of foreign exchange market;Transactions in foreign exchange market – spot & forward exchanges, futures, options, swap operation, arbitrage, foreign exchange risks, hedging and speculation;Determination of exchange rates – PPP theory & BOP theory;Exchange rate system – fixed exchange rates, flexible exchange rates.

Essential Readings: 
  1. Salvatore, D., International Economics: Trade and Finance, Wiley; Eleventh edition 2014.
  2. Cherunilam, Francis, International Economics, Tata McGraw-Hill Publishing Company Limited, New Delhi, 2001. 
References: 
  1. Appleyard, Dennis R., International Economics, McGraw Hill Education (India) , Chennai,  8th edition, 2016.
  2. Rana K.C and Verma K.N., International Economics, Vishal Publishing Company, 2017
Academic Session: 
2022-23
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