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NPTEL

Theory and Practice: International Trade in the Contemporary World

NPTEL via Swayam

Overview

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ABOUT THE COURSE:The proposed course deals with the contemporary issues of International Economics. It starts with basic theories to provide the foundations to understand the complex global trade scenario. Eventually the course then unfolds to discuss the future of trade amidst increasing uncertainty owing to Covid-19, BREXIT, rising geopolitical tensions, the threat of climate change, use of AI and digitalization, and global value chains. The mode of assessment will be computer based MCQ type exams and uploading of assignments. The course is expected to be highly interactive as the topics include recent events like US-China trade war, trade sanctions in the context of Russia-Ukraine war.INTENDED AUDIENCE: Undergraduate, Post Graduate, and Senior Secondary or Higher Secondary students, Industry Professional (Analytics and Marketing Research), Aspirants of competitive examinations(GATE/NET/Civil Services)INDUSTRY SUPPORT: Manufacturing & heavy industry, Retail/e-commerce / consumer goods, Agriculture & agribusiness/food trading, Energy & commodities trading, Logistics & transportation, Financial services (trade finance, insurance), Legal & compliance services. International banks with trade finance desks such as HSBC, Standard Chartered, Citi. Ocean carriers, freight forwarders, including Maersk and MSC. Consumer goods / FMCG companies like Unilever, Procter & Gamble, Nestlé.

Syllabus

Week 1: Introduction: Nature and Scope of International Trade
Week 2:Basis of Trade and Overview of Trade Theory
Week 3:Invalidation of Traditional Trade Theories
Week 4:Trade Policy
Week 5:Role of Institution
Week 6:International Trade and Geopolitical Tension
Week 7:Contemporary Issues and Case Studies
Week 8:The Way Forward: Future of Trade

Taught by

Prof. Anwesha Aditya

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