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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

The International Trade - Theory and Empirics certification course provide a theoretical and analytical framework to understand recent policy changes and trade strategies. The programme goes over a lot of empirical evidence, along with topics like the pure theory of trade, gains from trade, and the basis of trade. Various advanced-level ideas on trade barriers and strategies are also incorporated.

Moreover, the International Trade - Theory and Empirics programme syllabus discusses various aspects of trade protectionism in the context of the tariff, quota, and subsidies. The latest non-tariff measures such as SPSs and TBTs are also glossed over. AICTE has approved this programme as an FDP (Faculty Development Programme) course.

The International Trade - Theory and Empirics online training are instructed by Prof. Pratap C. Mohanty, who hails from the esteemed IIT Roorkee. He curates and teaches all the video lectures provided. Lastly, upon completion, you can earn an e-certificate from Swayam, provided that you have submitted all the assignments diligently and cleared the final exam.

The Highlights

Industry support provided
FDP course approved by AICTE
Elective program
An Undergraduate/Postgraduate in Humanities and Social Sciences
Free registration
Paid e-certificate available
In-person, proctored assessment
Expert faculty from IIT Roorkee
Delivered by Swayam and IIT Roorkee

Programme Offerings

Expert faculty from IIT Roorkee
Industry support provided
Elective Programme
Undergraduate/Postgraduate in Humanities and Social Sciences
Free registration
Paid e-certificate available
FDP course approved by AICTE
In-person
Proctored assessment

Courses and Certificate Fees

Fees Informations	Certificate Availability	Certificate Providing Authority
INR 1000	yes	IIT Roorkee

No fee payment is necessary to enroll in the International Trade - Theory and Empirics program. Payment of Rs. 1,000 is only to be made if you want to appear for the exam and earn the e-certificate.

International Trade – Theory and Empirics fee structure

Course	Fees
International Trade – Theory and Empirics	FREE
International Trade – Theory and Empirics Exam + Certificate	Rs. 1,000

Eligibility Criteria

To navigate the course better, it would help if you have a robust grasp of fundamental concepts of Microeconomics Theory.

Certificate Qualifying Details

Swayam offers an International Trade - Theory and Empirics course certificate at the end of the course. To avail of this e-certificate, you will have to submit all the weekly online assignments, and clear the final proctored exam held at an offline center.

The minimum passing marks in assignments and final exams are 10/25 and 30/75 respectively. The final score will be the sum of the assignment score and the final exam score. You need to complete the criteria mentioned earlier and a minimum passing final score of 40/100 to get the certificate.

What you will learn

Knowledge of Economics

After completion of the International Trade - Theory and Empirics syllabus, you will learn:

How to use analytical techniques to understand the recent developments in trade issues
How to explain a country’s policy strategies to explore the latest complexities in trade restrictions
How to enhance trade
Classical theories
Trade protectionism
New theories in trade

Who it is for

The International Trade – Theory and Empirics program is tailored towards undergraduate or graduate students pursuing Business and Strategies, Economics, or Management studies. Teachers or professionals employed in this field will also benefit significantly by enrolling in this program.

Admission Details

Step 1: https://onlinecourses.nptel.ac.in/noc21_hs46/preview: Here’s the link for the International Trade – Theory and Empirics online course website.

Step 2: After the website has loaded, select the ‘Join Now’ option located on the webpage’s top-right corner.

Step 3: You will be asked to log in using your Swayam credentials. If you don’t have the credentials, create them by registering.

Step 4: Once signed in, fill the online form and pay the exam fee if you want to. Then, you can start learning.

Application Details

To access the application form of the International Trade - Theory and Empirics course, you need to have a Swayam account. If you don’t, you must register to create a new one. For that, you will have to fill a small application form, which has fields like username, email ID, and password. You can also sign in using your Google, Facebook, or Microsoft account.

The Syllabus

Introduction to Trade protectionism
Why Protectionism and Strategies
India’s International Trade: Latest Facts and Figures
Facts on Trade Facilitation
Introduction to Trade Theories: what, why and for whom trade?

Mercantilism
From Mercantilism to Adam Smith
Relative cost advantage theory
static to dynamic comparative advantage theory
Empirical testing of classical theory

standard trade theory
H-O theory
HOS and income distribution
Empirical testing of HO theory
Extension to HO Theory

Imperfect Competition and Trade
Monopolistic Competition and Trade
Intra-industry versus Inter-Industry Trade
Measuring intra-industry Trade-1
Measuring intra-industry Trade-2

Partial equilibrium analysis of Trade
Offer curve
Offer curves with cases
Measurement of terms of trade
Terms of trade: determinants and impacts

Trade protectionism
Types of protections
Effects of Tariffs Barriers
Effective Rate of Protection
Effective protections-latest facts & Figure

NTM recent facts
Types of NTBs
Effects of non-Tariffs Barriers
TBTs
SPS

Trade Blocs
Theory of customs union
WTO functions
India and WTO
Strategic trade policy-conclusion

Trade and Balance of Payment
Trends of India's BoP
Functions of Foreign Exchange Market
Types of Foreign Exchange Rates
Exchange Rate Determination

Monetary Approach to the Balance of Payments and Exchange Rates
Exchange Rate Dynamics
Exchange Rate in the Long run
Exchange Rate in the Short run
Capital Mobility and the Trilemma of the Exchange Rate Regime

Adjustment with Fixed and Flexible Exchange Rates
Stability of Foreign Exchange Markets
J-Curve Effect
Exchange Rate Pass-Through
International Macroeconomic Policy: IMF, Optimum Currency Area

Import Substitution versus Export Orientation
East Asian Miracle-I
East Asian Economic Miracle-II
Trade and Development-post Covid-I
Trade and Development- Post Covid-II

Evaluation process

Appearing for a final exam and submitting all assignments are the prerequisites to earning the International Trade - Theory and Empirics course certificate. To appear for the exam, you will have to register and choose an offline center. Moreover, an examination fee of Rs. 1,000 is also applicable during registration. The final exam will be an in-person, proctored test, which will be held at an offline center.