Semester V – International Economics
International Economics is a core area of study that explores the economic interactions among nations, focusing on trade, finance, and policy coordination. The course provides both theoretical foundations and applied perspectives, enabling students to understand the dynamics of globalization and interdependence.
Key Themes
Theories of International Trade Classical theories (Comparative Advantage, Heckscher–Ohlin) and modern approaches (New Trade Theory, Strategic Trade Policy).
Balance of Payments and Exchange Rates Structure of BoP, causes of disequilibrium, exchange rate systems, and their impact on trade and capital flows.
Trade Policy and Protectionism Tariffs, quotas, subsidies, and WTO frameworks; debates on free trade vs. protection.
International Monetary System Evolution from Gold Standard to Bretton Woods and contemporary regimes; role of IMF and World Bank.
Globalization and Regional Integration Economic blocs (EU, ASEAN, NAFTA), regional trade agreements, and their implications for developing economies.
Current Issues in International Economics Currency crises, capital mobility, trade wars, and the challenges of sustainable development in a globalized economy.
- Teacher: Thushara George














