Strategic Trade and Protectionism-Theories and Empirics

By Prof. Pratap C. Mohanty | IIT Roorkee

Learners enrolled: 257

This course provides conceptual and theoretical framework with empirical evidences to understand recent developments in trade strategies and policy changes. Under the Pure Theory of Trade, the basis of trade, gains from trade, direction of specialization and its effects on factor of production are discussed. Various advanced theories on strategic trade and barriers are also incorporated. The discussions on Trade Policy introduce various aspects of protectionism with respect to tariff, quota, subsidies and some latest non-tariff measures (like SPSs and TBTs), trade blocs and regional trading arrangements. In short (a) to provide an analytical framework for understanding recent developments in trade issues (b) to explain country’s policy strategies to deal with the latest complexities in trade restrictions and facilitation to enhance trade.

INTENDED AUDIENCE : Under-Graduate and Graduating students in Economics, Management Studies, International Business and Strategies. Professionals and Teachers specific to this field.

PREREQUISITES : Basics of Microeconomics Theory

INDUSTRY SUPPORT : Consultancy, Research and Analytics, Banking, Power, Director General of Foreign Trade (DGFT), Trainees at Ministry of Commerce and Industry, Faculties for capacity building

Summary

Course Status :	Completed
Course Type :	Elective
Language for course content :	English
Duration :	8 weeks
Category :	Humanities and Social Sciences
Credit Points :	3
Level :	Undergraduate/Postgraduate
Start Date :	27 Jan 2020
End Date :	20 Mar 2020
Enrollment Ends :	03 Feb 2020
Exam Date :	29 Mar 2020 IST

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1 : Introduction to International Trade and Protectionism
Week 2 : Classical Theories of Trade – Basis for Trade
Week 3 : New Theories of Trade – More Complexities
Week 4 : Differentiated Products and Intra-Industry Trade
Week 5 : Complete Versus Incomplete Specialization in Trade
Week 6 : Partial Equilibrium Analysis of Trade Protectionism – Tariff
Week 7 : Non-Tariffs including TBTs and SPSs
Week 8 : WTO: Trade Blocks and Trade Blocs

Books and references

•Dominick Salvatore (DS): International Economics, Wiley-India, 10th Edition (Text Book)

•Robert Carbough (RC): International Economics: Cengage Learning, 11th Edition

•Krugman & Obstfeld (KO): International Economics: Theory and Policy, Pearson, 8th edn.

•World Trade Organization, ‘International Trade Statistics’ (ITS), Geneva, various years.

•RBI, GDCIS and IMF reports

Instructor bio

Prof. Pratap C. Mohanty

IIT Roorkee

Prof.Pratap Mohanty prsently a faculty member in Economics disciplane of Dept.Humanilities and Social Sciences IIT Roorke.He have twelve years of teaching and research experience from reputed unverisities and institutions.Prior to IIT Roorkee,he was associated as Assistant Professor with Indian Institute of Foreign Trade(IIFT),New Delhi.While in IIFT he was among the faculty members to train the trade professional including IFS and IRS probationers.He has been teaching the paper "International Trade"over six years to masters and under graduate students.He was also visiting professor and instrutor for the paper "international Economics" at IIM Indore.

Course certificate

• The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
• The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
• Date and Time of Exams: 29th March 2020, Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
• Registration url: Announcements will be made when the registration form is open for registrations.
• The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
• Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE:
• Average assignment score = 25% of average of best 6 assignments out of the total 8 assignments given in the course.
• Exam score = 75% of the proctored certification exam score out of 100
• Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75.
• If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.
• Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Roorkee. It will be e-verifiable at nptel.ac.in/noc.
• Only the e-certificate will be made available. Hard copies will not be dispatched.

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