Code: CUTM2794
Credits: 2 (1-0-1)
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Code: CUTM2794
Credits: 2 (1-0-1)
Objective
To impart knowledge to the students about international trade in agriculture and various provisions under WTO in the new trade regime.
CO & PO Mapping
COS | COURSE OUTCOMES | MAPPING COS WITH POS (High-3; Medium-2; Low-1) |
CO1 | Will be able to understand the basic concepts of international trade with reference to WTO and International agreements on Agriculture. | PO1 (3), PO2 (2), PO4 (2) |
CO2 | Develop a clear understanding about the significant regulations and policy measures for International Trade | PO1 (3), PO5 (3) |
CO3 | Assess the importance of foreign trade, practices of trade of agri business commodities. | PO1 (3), PO3 (2) |
CO4 | Demonstrate an understanding of the concept of balance of payments, exchange rate and foreign trade multiplier. | PO1 (3), PO3 (2) |
CO5 | Developing the competency to analyse foreign demand and supply, export procedures and documentations. | PO 1(3), PO4 (1), PO5 (1) |
Learning Outcomes
After successful completion of this course, the students are expected to be able to:
Understand the basic concepts of international trade with reference to WTO and International agreements on Agriculture.
Assess the practices of trade of agri business commodities
Develop a clear understanding about the significant regulations and policy measures for International Trade
Block 1: Introduction to International Trade
Unit I: International trade–basic concepts, WTO, and its implications for Indian economy in general and agriculture sector in particular.
Unit II: TRIPS, TRIMS quotas, anti-dumping duties, quantitative and qualitative restrictions, tariff and non-tariff measures, trade liberalization, subsidies, green and red boxes, issues for negotiations in future in WTO; CDMs and carbon trade.
Unit III: Importance of foreign trade for developing economy; absolute and comparative advantage, foreign trade of India. Cases on agri business commodity trade practices
Block 2: Regulations and Policy Measures for International TRADE
Unit IV: India’s balance of payments; inter regional Vs international trade; tariffs and trade control; exchange rate; the foreign trade multiplier.
Unit V: Foreign demand, supply side analysis, opportunity cost, trade and factor prices, implications for developing countries, market entry methods, export procedures & documentations.
Teaching methods/activities
Suggested Reading
• Brouwer F and Joshi PK. 2016. International Trade and Food Security, LEI – Wageningen UR, The Netherlands.
Dr. S. Kameswar Rao, is awarded Ph. D in Management. In his doctoral research he has undertaken a study on Local Governance. He has completed MA in Economics, MBA with HR specialization and LLB. He is a Certified HR Manager by VSkills, a JV of Govt. of India. Mr. S. Kameswar Rao has experience of […]