2021-22

MEC-007 International Trade and Finance Solved Assignment 2021-22 in English

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Course Code : MEC-007
Course Title : International Trade and Finance
Language : English
Session : 2021-22 (July 2021 and January 2022)
Last Date of Submission : 31st March, 2022 (for July 2021 session)
30th September, 2022 (for January 2022 session)
Assignment Questions : Click Here

Description

Course Code : MEC-007
Course Title : International Trade and Finance
Language : English
Program : MA Economics / MEC
Max Marks : 100
Weightage : 30%
Session : July 2021 and January 2022 (2021-22)
Last Date of Submission : 31st March, 2022 (for July 2021 session)
30th September, 2022 (for January 2022 session)
Solution Type : Softcopy (PDF File)

TUTOR MARKED ASSIGNMENT


MEC-007: INTERNATIONAL TRADE AND FINANCE
(Assignment)

Course Code: MEC-007
Assignment Code: MEC-007/AST/2021-22
Maximum Marks: 100

Note: Answer all the questions. While questions in Section A carry 20 marks each (to be answered in about 500 words each) those in Section B carry 12 marks each (to be answered in about 300 words each). In the case of numerical questions word limits do not apply.

SECTION A

1) Critically discuss the Ricardian theory of Comparative Advantage. How is it different from Adam Smith’s theory of Absolute Advantage?

2) Explain the various concepts of terms of trade. Critically examine the behavior of terms of trade as explained by Prebisch.

SECTION B

3) Explain multilateral framework of international trade. Explain its main features.

4) What are the various forms of economic integration? How is trade diversion different from trade creation? Elucidate.

5) Describe the evolution of international monetary system. Examine the trends in the international monetary and financial systems.

6) Discuss the various instruments of trade protection. Differentiate between quotas and tariffs.

7) Critically examine the relative merits and demerits of the fixed and flexible exchange rates.

 


Keywords: MEC-007, MEC007, MEC 007, MEC-7, MEC7, MEC 7, MEC-07, MEC07, MEC 07, IGNOU Solution Guide, Answer Key

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