
Explore the fundamentals of international trade and finance, including free trade theory, comparative advantage, balance of payments, exchange rates, tariffs, and regional blocs such as SAARC, SAFTA, EU, and NAFTA.
Trade acts as an engine of growth by liberalization and falling transport costs, delivering cheaper world prices that boost consumer welfare, competition, and efficiency.
Explore the historical evolution of international trade and its link to economic growth, from ancient exchange routes to modern finance, including import–export and international institutions.
Examine how the classical period linked international trade and growth through Smith and Ricardo, highlighting comparative advantage, labor specialization, and free trade.
Explore how the post-classical period spurred international trade and growth through expanding trade networks, luxury goods, and innovations like monsoon knowledge, compass, and caravanserai, fueling Afro-Eurasian commerce.
Explore models of endogenous growth and international trade, showing how internal factors, human capital, and knowledge drive long-run growth and productivity.
Learn how to measure gains from trade by summing consumer and producer surplus, focusing on lower tariffs, opportunity costs, and terms of trade built on comparative advantage.
Learn how to measure gains from trade using quantities of goods, by summing consumer and producer surplus into total surplus, and applying the terms of trade in a multi-agent setting.
Identify the contribution of each agent to gains from trade and apply a recursive fair allocation rule to distribute resources fairly across discrete items.
Explore free trade theory, including absolute and comparative advantage and opportunity cost, and trace how nations gain from trade through specialization and export where they hold a relative edge.
Adam Smith's absolute advantage model shows nations gain by specializing in efficiently produced goods and trading for others, challenging mercantilist views and the Wealth of Nations, via bilateral trade.
Explore opportunity cost and the pure theory of trade, defining comparative advantage, explicit and implicit costs, and Ricardo's role in international trade.
Explore modern theories of international trade, including the Heckscher-Ohlin theory, factor price equalization theorem, Stolper-Samuelson theorem, and the crevis theory, all driven by factor endowments and demand.
Analyze the factor price equalization theorem and its debate with Heckscher-Ohlin and Stolper-Samuelson, showing how free trade can equalize wages and capital rents across countries under certain conditions.
Explore the Stolper-Samuelson theorem within the Heckscher-Ohlin framework, linking relative output prices to real wages and real returns to capital, highlighting the magnification effect and a 2x2x2 model.
The Heckscher-Ohlin theorem explains international trade patterns by factor endowments, with capital-abundant countries exporting capital-intensive goods and labor-abundant countries exporting labor-intensive goods.
The Linder theory explains international trade between countries with similar demand structures and per capita income, focusing on differentiated manufactured goods and a demand-based view contrasting with supply-based endowment theories.
Examine how dynamic factors, factor endowments, and technology shift production possibilities curves and indifference maps, altering the terms and volume of international trade.
Examine growth in factor supplies and its impact on the production possibilities curve, highlighting balanced growth when labor and capital rise together and the four factors: land, labor, capital, entrepreneurship.
Explores how changes in taste affect trade, terms of trade, and welfare in open economies, linking international finance flows and hedging risk to trade patterns and comparative advantage.
explore how dynamic factors shape trade and development, including endowments, productivity, trade policy, exchange rates, and terms of trade for LDCs and NICs.
Explore how factor endowment, including land, labor, capital, and entrepreneurship, drives trade under the Heckscher-Ohlin model and shapes comparative advantage.
Apply the Rybczynski theorem within the Heckscher-Ohlin framework to show how a rising endowment shifts output toward labor-intensive goods and away from capital-intensive goods under open trade.
Explains the causes and measurement of intra-industry trade, using the synthetic index of global and Lloyd (1976) to show division of labor, economies of scale, and product differentiation.
Examine determinants of intra-industry trade, emphasizing product differentiation, standardization, non-tariff barriers, and transportation costs, and how income, economy size, and technology drive same-industry exports and imports.
Explore intra-industry trade theory in developing economies, emphasizing economies of scale, learning, and specialization that drive trade within similar income nations. It also covers Krugman's critique and Grubel-Lloyd measurement.
Discover the definitions and types of tariffs, quotas, and non-tariff barriers, and learn how these trade barriers affect revenue, prices, and domestic industry protection.
Explore the main types of tariffs, including ad valorem and specific tariffs, plus compound and mixed forms, and understand how MFN and MPN status affects imports, exports, protection, and revenue.
Explore how tariffs and quotas shape national income, output, and employment by raising domestic prices, protecting producers, and reducing consumer surplus, while regulating imports and preventing dumping.
Who this course is for:
· Professionals with International trade and finance. Multilateralism and WTO
· New professionals who are looking to see them successful in the level of making international trade and finance.
· Existing executive board directors, managing directors who is looking to get more engagement and innovation from their teams and organizations
Description
Take the next step in your career! Whether you’re an up-and-coming professional, an experienced executive, aspiring manager, budding Professional. This course is an opportunity to sharpen your International trade and finance capabilities, increase your efficiency for professional growth and make a positive and lasting impact in the business or organization.
With this course as your guide, you learn how to:
All the basic functions and skills required international trade and finance.
· Transform Free Trade Theory — Absolute Advantage, Comparative Advantage and Opportunity Cost. Dynamic Factors, Trade and Development.
Get access to recommended templates and formats for the detail’s information related to international trade and finance.
· Learn useful case studies, understanding Theories of Determination of Exchange Rate (Portfolio and Balance of Payments). Process of Adjustments: Gold Standard, Fixed Exchange Rates and Flexible Exchange Rate. Merits and Demerits of Fixed and Flexible Exchange Rate. Expenditure Reducing and Expenditure Switching Policies. Forms of Economic Cooperation with useful forms and frameworks
Invest in yourself today and reap the benefits for years to come.
The Frameworks of the Course
· Engaging video lectures, case studies, assessment, downloadable resources and interactive exercises. This course is created to Learn about trade about engine of growth, measurement of gains from trade. Free trade theory-Absolute Advantage, Comparative Advantage and Opportunity Cost. Modern Theories of International Trade related to Theorem of Factor Price Equalization, H-O Theory, Kravis and Linder Theory of Trade. Role of Dynamic Factors: Tastes, Technology and Factors Endowments in Trade
Causes of Emergence and Measurement of Intra-Industry Trade and Its Impact on Developing Economics. Tariff, Quotas and Non-tariff Barriers: Definitions and Types. Economic Effects of Tariff and Quotas on National Income, Output and Employment. Balance of Payments and Balance of Trade: Meaning and Components. Equilibrium and Disequilibrium in BOP. BOP Adjustment and Theories of Determination of Exchange Rate (Portfolio and Balance of Payments). Process of Adjustments: Gold Standard, Fixed Exchange Rates and Flexible Exchange Rate. Merits and Demerits of Fixed and Flexible Exchange Rate. Regionalism: EU and NAFTA
The course includes multiple Case studies, resources like formats-templates-worksheets-reading materials, quizzes, self-assessment, film study and assignments to nurture and upgrade your International Trade and Finance in details.
· In the first part of the course, you’ll learn the details of the trade about engine of growth, measurement of gains from trade. Free trade theory-Absolute Advantage, Comparative Advantage and Opportunity Cost. Modern Theories of International Trade related to Theorem of Factor Price Equalization, H-O Theory, Kravis and Linder Theory of Trade. Role of Dynamic Factors: Tastes, Technology and Factors Endowments in Trade
· In the middle part of the course, you’ll learn how to develop a knowledge Rybczynski Theorem, Causes of Emergence and Measurement of Intra-Industry Trade and Its Impact on Developing Economics. Tariff, Quotas and Non-tariff Barriers: Definitions and Types. Economic Effects of Tariff and Quotas on National Income, Output and Employment. You will get knowledge about Political Economy of Non-tariff Barriers: and Their Applications. Balance of Payments and Balance of Trade: Meaning and Components. Equilibrium and Disequilibrium in BOP. BOP Adjustment: Monetary Approach. Exchange Rate: Meaning and Components. Theories of Determination of Exchange Rate (PPP, Monetary).
· In the final part of the course, you’ll develop the knowledge related to Theories of Determination of Exchange Rate (Portfolio and Balance of Payments). Process of Adjustments: Gold Standard, Fixed Exchange Rates and Flexible Exchange Rate. Merits and Demerits of Fixed and Flexible Exchange Rate. Expenditure Reducing and Expenditure Switching Policies. Forms of Economic Cooperation. Static and Dynamic Effects of a Custom Union and Free Trade Organization and SAARC/SAPTA, ASEAN. Regionalism : EU and NAFTA. Multilateralism and WTO.
Course Content:
Part 1
Introduction and Study Plan
· Introduction and know your Instructor
· Study Plan and Structure of the Course
1. Trade as an Engine of Growth
1.1. Introduction
1.2. A Brief Historical Sketch
1.3. Classical Period : International Trade and Growth
1.4. Post Classical Period : International Trade and Growth
1.5. Models of Endogenous Growth and International Trade
2. Measurement of Gains from Trade
2.1. Introduction
2.2. How to Measure Gains from Trade
2.3. An Application to Fair Allocation
3. Free Trade Theory — Absolute Advantage, Comparative Advantage and Opportunity Cost
3.1. Introduction
3.2. Absolute Advantage Model of Adam Smith
3.3. Opportunity Cost and the Pure Theory of Trade
4. Modern Theories of International Trade : Theorem of Factor Price Equalization, H-O Theory, Kravis and Linder Theory of Trade
4.1. Introduction
4.2. The Factor-Price Equalization Theorem
4.3. The Stolper-Samuelson Theorem
4.4. The Heckscher-Ohlin Theorem (H-O Theory)
4.5. Linder Theory of Trade
5. Role of Dynamic Factors : Tastes, Technology and Factors Endowments in Trade
5.1. Introduction
5.2. Growth in Factor Supplies Through Time
5.3. Change in Tastes and Trade
5.4. Dynamic Factors, Trade and Development
5.5. Factors Endowment in Trade
6. Rybczynski Theorem
6.1. Introduction.
7. Causes of Emergence and Measurement of Intra-Industry Trade and Its Impact on Developing Economics
7.1. Introduction.
7.2. The Determinants of Intra-Industry Trade
7.3. Intra-Industry Trade Theory and Developing Economics
8. Tariff, Quotas and Non-tariff Barriers : Definitions and Types
8.1. Introduction
8.2. Types of Tariffs
9. Economic Effects of Tariff and Quotas on National Income, Output and Employment
9.1. Introduction
Part 2
10. Political Economy of Non-tariff Barriers : and Their Applications
10.1. Introduction.
10.2. Statist Approaches to Trade Policy
10.3. The Relationship between Tariffs and NTBs
11. Balance of Payments and Balance of Trade : Meaning and Components
11.1. Introduction.
11.2. Balance of Payments on Current Account
11.3. Balance of Payments on Capital Account
11.4. Basic Balance
11.5. Balance of Payments Settlement and Adjustment
11.6. ‘Full Employment’ Equilibrium or ‘True’ Balance
11.7. Balance of Payments and Economic Policy
12. Equilibrium and Disequilibrium in BOP
12.1. Introduction
13. BOP Adjustment : Monetary Approach
13.1. Introduction
14. Exchange Rate : Meaning and Components
14.1. Introduction
14.2. Conversion of Partnership Firm into Company
15. Theories of Determination of Exchange Rate (PPP, Monetary)
15.1. Introduction
15.2. Monetary Models of Exchange Rate Determination
16. Theories of Determination of Exchange Rate(Portfolio and Balance of Payments)
16.1. Introduction
16.2. Volatility and Risk
17. Process of Adjustments : Gold Standard, Fixed Exchange Rates and Flexible Exchange Rate
17.1. Introduction
17.2. Symmetric Monetary Adjustment Under a Gold Standard
18. Merits and Demerits of Fixed and Flexible Exchange Rate
18.1. Introduction
18.2. Difference between fixed and the flexible exchange rates
19. Expenditure Reducing and Expenditure Switching Policies
19.1. Introduction
19.2. The Expenditure Switching Policy : Devaluation
20. Forms of Economic Cooperation
20.1. Introduction
20.2. International Economic Cooperation
20.3. International Trade
20.4. Developing Country Debts
21. Static and Dynamic Effects of a Custom Union and Free Trade Organization
21.1. Introduction
21.2. The Trade Regimes
21.3. The Effects of Customs Union
22. SAARC/SAPTA, ASEAN
22.1. Introduction
22.2. ASEAN—INDIA
22.3. The ASEAN Century
23. Regionalism : EU and NAFTA
23.1. Introduction
23.2. A Turning Point
24. Multilateralism and WTO
24.1. Introduction
24.2. WTO (World Trade Organization)
24.3. Why Should a Country Join the WTO ?
24.4. Principles of the Multilateral Trading System Under the WTO
24.5. General Agreement on Trade in Services
24.6. Ministerial Conferences and Emerging Issues
Part 3
Assignments
International trade and finance
International trade and finance process
International trade and finance case study 1
International trade and finance case study 2
International trade and finance case study templates