SARDAR PATEL UNIVERSITY Programme & Subject: M.A () Semester: I Syllabus with Effect from: June - 2014

Paper Code: PA01CECO03 Total Credit: 4 Title Of Paper: Theories of International

Unit Description in detail Weightage (%) I Concept of Inter -regional & - Theory of Comparative Cost - Heckscher -Ohlin Theory of trade - Leontief - 30 opportunity cost approach. II Factor Endowment and Factor Price – the Rybczynski Theorem - trade as 30 an engine of growth- effect of development on international trade III Gains from international trade - Concept of Terms of trade - Their uses and 20 limitations- factors affecting terms of trade IV Optimum tariffs - theory of custom union - and trade 20 diversion and welfare implications-Trade Organisations- GATT, WTO.

Basic Text & Reference Books:-

 Bo Sodersten International Economics  C. P. Kindle Berger International Economics  R. A. Mundell International Economics  P. T. Ellsworth The International Economy  Caves & Johnson Readings in International Economics  S. D. Wells International Economics  Ray & Kundu International Economics  Klaus Friedrich International Economics  M. A. Van Meerhaeghe International Economics  W. M. Scammell International Monetary Policy Bretton Woods & After  R. M. Stern The Balance of Payments theory and Economic Policy  G. Haberler The Theory of International Trade  M. C. Kemp The Pure theory of International Trade  H. S. Ellis & L. M. Metzler Readings in the theory of International Trade  B. Ohlim Interregional and International Trade  J. Viner Readings in the Theory of International Trade  P. A. Samuelson International Trade and the Equalisation of factors prices. Economic Journal, June 1948.  J. Bhagwati The Pure theory of International Trade, Economic Journal Vol. 74 March, 1964.  J.E. Meade The theory of International Economic Policy - II.  R.D. Gupta International Liquidity  Om Prakash (ed) International Monetary Development  Dr. D. T. Lakdawala Aantarrashtriya Arthashastra ( Gujarati)

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