This Subject Includes

  • Course No: HS 603
  • Course: MA in Development Studies
  • Semester: II
  • Title: International Trade and Development
  • Stream: Economics
  • Description:

    World trading patterns; Mainstream economics trade theories: absolute and comparative advantage

    theories, sources of comparative advantage, specific factor model, Heckscher-Ohlin model,

    economies of scale and imperfect competition, international factor movements; Trade policy: tariffs,

    export subsidies, import and export quotas, political economy of trade policy, import substituting

    industrialisation; Exchange rates and open economy macroeconomics; Alternative paradigms:




    1. P. Krugman and M. Obstfeld, International Economics: Theory and Policy, 6th Ed., Pearson

    Education, 2003.

    2. D. Ray, Development Economics, OUP, 1998.

    3. A.K. Bagchi, The Political Economy of Underdevelopment, Orient Longman, 1989.

    4. M. P. Todaro and S. C. Smith, Economic Development, Pearson Education, 2003.

    5. P. Patnaik (ed.), Imperialism: the Highest Stage of Capitalism: Lenin, Leftword, 2000.

  • Text:

    P. Krugman and M. Obstfeld, International Economics: Theory and Policy, 6th Ed., Pearsonn Education, 2003.^$^D. Ray, Development Economics, OUP, 1998.^$^A.K. Bagchi, The Political Economy of Underdevelopment, Orient Longman, 1989.^$^M. P. Todaro and S. C. Smith, Economic Development, Pearson Education, 2003.^$^P. Patnaik (ed.), Imperialism: the Highest Stage of Capitalism: Lenin, Leftword, 2000.