Revision: Commercial Policy Business Economics 6 B.Com (General) Semester 6 (TYBcom) University of Mumbai

Concepts [35]

• 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)