Hi B.Com. Students, I am sharing brief and concise lecture notes on the B.Com. First Year subject - Basics of Foreign Trade. Basics of Foreign Trade is mostly taught as part of the B.Com. 1st Year course and these PDF lecture notes will help prepare well for your BCom semester exams.
The major topics covered in these B.Com. First Year lecture notes and eBook of Basics of Foreign Trade are:
The major topics covered in these B.Com. First Year lecture notes and eBook of Basics of Foreign Trade are:
- UNIT – I Foreign trade: Meaning, need, importance of foreign trade, theories of international trade.
- UNIT – II Balance of trade and balance of payment, objectives of trade policy, instruments of trade policy – tariffs, quantitative restrictions.
- UNIT – III Exchange control – objectives, procedures, methods, effect. Exchange rate adjustments.
- UNIT – IV Trade blocks and regional economic co-operation costing and pricing for export.
- UNIT – V International economic institution – world bank, IMF, WTO, UNCTAD.