This course examines the evolution of international trade theories and policies, from classical concepts of comparative advantage and terms of trade to modern theories explaining trade patterns and competitiveness. The course also analyzes trade policies, including tariffs, quotas, economic integration, and customs unions. Overall, it provides a comprehensive understanding of the determinants, patterns, and policy implications of international trade in the global economy.
Students are expected to learn the theoretical framework of macroeconomics and understand the functioning of the economy as a whole. The paper also gives insight to the students about the basic concepts used in Macroeconomics and policy alternatives used in controlling the economy.
The Objectives of the Course are as follows:
CO1. To acquire Knowledge and understand the basic concepts and terminologies in Economics.
CO2. To gain knowledge and evaluate the role and functions of public economics.
CO3. To Analyze and understand the basic structure of banking and financial markets.
CO4. To acquire the basic knowledge regarding international trade, economic planning and federal finance and analyze the same.