Key Points: International Trade and Finance Meaning and importance of international trade Theories of international trade Balance of Payments – concept and components Disequilibrium in Balance of Payments Foreign exchange rate – meaning and types Determination of exchange rates International monetary system – evolution and features Fixed and flexible exchange rate systems Role of international financial institutions Functions of IMF, World Bank, and other global institutions Importance of global financial stability and cooperation
This course provides an overview of global economic and financial systems by covering key concepts such as international trade and its importance in economic development, balance of payments and how countries record their financial transactions with the rest of the world, foreign exchange rates and the factors influencing currency values, the structure and evolution of the international monetary system, and the role of international financial institutions in promoting global trade, financial stability, and economic cooperation.
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Sri Ranga Nachiyar
