This course studies the nature and determinants of international trade and factor movements; the effects of international trade on prices of goods and factors; the consequences of tariffs, quotas, customs unions, and other trade policies and agreements, national or international; and international trade and the balance of payments.
Field WorkCountry: India
Day: 6 - Thursday, 3 March
In the morning students will attend a lecture followed by discussion on India’s trade policies. This will be organized by the Center for Public Policy Research in Kochi In the afternoon the students will visit to a spice factory and see how trade is takes place in the spices and related products.
1. Understand the role of international trade in global economy, with particular reference to spice trade from India
2. Understand complex policy making in India about trade
3. Understand India as a member of BRICS.