University of Mumbai Semester 6 (TYBcom) Business Economics 6 Revised Syllabus
University of Mumbai Semester 6 (TYBcom) Business Economics 6 and their Unit wise marks distribution
Units and Topics
| # | Unit/Topic | Marks |
|---|---|---|
| 100 | Introduction to International Trade | - |
| 200 | Commercial Policy | - |
| 300 | Balance of Payments and International Economic Organization | - |
| 400 | Foreign Exchange Market | - |
| Total | - |
Syllabus
- International Trade
- Need and importance of international trades
- Ricardo’S Theory of Comparative Costs
- Heckscher Ohlin Theory
- Terms of Trade
- Gains from International Trade
- Types/Forms of Gains from Trade
- Importance Gains from Trade
- Offer Curves and Reciprocal Demand
Introduction, Determinants of reciprocal demand, Illustration, Equilibrium terms of trade
- 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
- 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)
- BREXIT
- Association of South east Asian Nations(ASEAN)
- Balance of Payment
- Structure of Balance of Payment
The Current account (components of current account, balance on current account)
The Capital account (components of capital account, balance on capital account)
- Structure of Balance of Payment
- Types of Disequilibrium
- World Trade Organisation (WTO)
- TRIPS( the Argument on Trade-related Ascpects of Intellectual Property Rights)
Introduction, Reasons for TRIPS, Recent Developments in TRIPS, Developments in indian law with respect to TRIPS
- TRIMS(Trade Related Investment Measures)
Introduction, TrIMS Explicitly prohibited by the TRIMS agreement, Exceptional provisions of the TRIMs agreement, Economics Implications, Problem of Trade policies and measures of individual countries
- GATS (Genral Agreement on trade in services)
Introduction, Four modes of Service supply under GATS, GATS Service Liberalization commitments, Schedule of specific commitments, Specific Exemptions in GATS, Recent negotiation in GATS
- Foreign Exchange Market
- Foreign Exchange Rate
- Purchasing Power Parity Theory
Limitation od PPP theory, Fixed rate and flexible exchange rate, Advantages and disadvantages of fixed exchange rates, Advantages and disadvantages of flexible exchange rates,
- Spot Rate
- Forward Exchange Rate
- Arbitrage
introduction, forms of arbitrage
- Foreign Exchange Rate Management in India
- Role of Central Bank in Foreign Exchange Rate Management
- Managed Flexible Exchange Rate System of India
- Managed Floating Exchange Rate System
