The course shall introduce the theoretical developments in explaining international trade from mercantilism to offer curves. The course then shall explore the effect of trade restriction on the flow of international trade. International resource movements, both physical and financial, have tremendously increased over the years therefore course contents cover these aspects as well. In the end theories of exchange rate determination and financial instruments traded in these markets shall also be discussed.
Course Objectives & Learning Outcomes:
On completion of the course, students are expected to:
- Understand structure of international trade theory and policy
- Attain knowledge of international institutions and important policy issues in the global economy
- Be familiar with global economic integration
- Understand Trade issues and Concerns between developing nations and industrial nations based upon Trade Liberalization framework and WTO Charter
- Understand working of open – economy, international financial institutions and trade regulatory bodies including WTO, PTA’s and RTA’s
Macroeconomics-I and Macroeconomics-I
Texts and References:
- Salvatore, Dominick (2010) “International Economics: Trade and Finance” 10th Edition,
- Krugman, Paul R and Obstfeld, Maurice (2009) “International Economics – Theory and Policy” 8th edition, Pearson
- Melvin, Michael (2005) “International Money and Finance” 7th Education, Pearson Education Inc.
- Meenai, S. A. and Ansari, Javed A. (2001) “Money and Banking in Pakistan” 6th Edition, Oxford University Press