CIT213 | International Trade

In the current environment, international trade has occupied centre stage with both  proponents and opponents presenting strong arguments. The post-covid world faces serious  questions pertaining to globalization and free trade. Trade wars are becoming the norm  rather than the exception. Political ideology often confounds economic rationale. In this  context, it is necessary to go back to the basics and understand some fundamental aspects of  trade. It seeks to provide the students with an understanding of the theories and policies that  determine the trade relations between countries and also firms in different countries. Aspects  of trade such as Free Trade Agreements (FTAs), customs unions, WTO, etc. would be  discussed. Alongside the trade aspects, the course also provides a brief overview of the  monetary systems and the development of the international financial system and its  implications on the developed and developing economies.