Topics
Introduction to International Trade
- International Trade
- Need and importance of international trades
- Ricardo’S Theory of Comparative Costs
- Introduction of - Ricardo’S Theory of Comparative
- Assumptions of Ricardo’s Theory of Comparative
- Types of Cost Differences
- Examples of Ricardo’S Theory of Comparative
- Critical Evaluation of Ricardo’S Theory of Comparative
- Heckscher Ohlin Theory
- Introduction of Heckscher Ohlin Theory
- Assumption of the Theory
- Criticism / Shortcomings of the Theory
- Terms of Trade
- Types of Terms of Trade
- Limitaions of Terms of Trade
- Factors Determinig Terms of Trade
- Gains from International Trade
- Types/Forms of Gains from Trade
- Importance Gains from Trade
- Offer Curves and Reciprocal Demand
Commercial Policy
- Free Trade
- Features of Free Trade Policy
- Arguments for('Pros') and Arguments against ('Cons') of free trade policy
- Protection (Policy)
- Arguments in favour of protection policy / 'Pros' of protection policy
- Economic Arguments
- Non-economic Arguments
- Fallacious Arguments
- Arguments Against Protection Policy / 'Cons' of Protection Policy
- Tariff
- Types of Tariff Barriers
- Advantages of Tariff
- Disadvantages of Tariff
- Effects of Tariff/ Effects of Tariffs on an Economics
- Non-tariff Barriers
- Type/ Forms of Non-tariff Barriers (NTBs)
- International Economic Integration
- Types/Forms of international economic integration
- Objective of International Economic Integration
- Advantages of International Economic Integration
- Disadvantages of Economic Integration
- European Union (EU)
- Introduction of European Union
- History of European Union
- What does it take to qualify for membership in the EU
- Objectives of European Union
- Organisational Structure of European Union
- Benifits to India from Enlarged Eu
- Challenges to India
- BREXIT
- Introduction to Brexit
- Transion Period
- Chequers Plan
- Three Divorce Issue
- Association of South east Asian Nations(ASEAN)
Balance of Payments and International Economic Organization
- Features of Balance of Payment
- Structure of Balance of Payment
- Accounting System of Balance of Payment
- Monetary Measures for Balance of Payments
- Balance of Trade
- Types of Disequilibrium
- Causes of disequilibrium in the Balance of Payment
- Measures to Correct Disequilibrium in the Balance of Payments
- Current Scenario of India'S Balance of Payment
- Functions / Role of WTO
- TRIPS( the Argument on Trade-related Ascpects of Intellectual Property Rights)
- TRIMS(Trade Related Investment Measures)
- GATS (Genral Agreement on trade in services)
Foreign Exchange Market
- Organisation of the Foreign Exchange Market
- Functions of Foreign Exchange Market
- Features and Characteristic of Foreign Exchange Market
- Participants in Foreign Exchange Market
- Operations/ Transactions in Foreign Exchange Market
- Factors Affecting / Influencing Exchange Rate
- Determination of Equilibrium Rate of Exchange
- Purchasing Power Parity Theory
- Spot Rate
- Arbitrage
- Foreign Exchange Rate Management in India
- Role of Central Bank in Foreign Exchange Rate Management
- Managed Flexible Exchange Rate System of India
- Introduction
- Types of International Trade
Maharashtra State Board: Class 11
Introduction
In Ancient India, people traded goods like silk, handloom clothes, ornaments, and weapons with other countries. When trade occurs between two or more countries, it is referred to as international trade.
- Political relationships between countries impact trade.
- International trade is more complex due to varying rules, policies, economies, laws, and currencies.
- Experts believe international trade makes a country wealthier and provides consumers with more choices.
Maharashtra State Board: Class 11
Types of International Trade
