International Trade & Its Components | Key Elements Explained

International Trade and it’s Components

Understand the basic of International Trade and try to analyse the benefits, challenges and different elements in details

All Level

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Last Updated: 2025-02-19 12:02:38 English Course Type: Self Learning

Trade Policy: Learn how governments implement trade policies, including tariffs, subsidies, quotas, and the political economy behind them.
International Trade Organizations: Explore the role of international institutions like the World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank in regulating and facilitating global trade.
Global Trade Agreements: Gain insights into the functioning of multilateral trade agreements (e.g., NAFTA, EU), and bilateral trade negotiations.
The Economics of Globalization: Assess the impact of globalization on trade flows, labor markets, and the global supply chain.
Trade Barriers: Identify the various types of trade barriers (e.g., non-tariff barriers) and their effects on international trade and economic development.
Current Issues in International Trade: Analyze modern challenges, including trade wars, tariffs, and the sustainability of global supply chains.

This course offers a comprehensive introduction to the field of international trade, examining the theories, policies, and practices that shape global commerce. Students will explore the historical development of trade, the role of international organizations, and the factors that influence trade relationships among countries. Key topics include trade agreements, tariffs, trade barriers, the global supply chain, and the economic impact of globalization.

Course Target Audience:

This course is designed for undergraduate or graduate students in economics, business, political science, and international relations. It is also suitable for professionals and policymakers seeking a deeper understanding of global trade dynamics and its influence on national economies. No prior experience in international trade is required, but students should have a basic understanding of economics and global affairs.

Course Prerequisites:

• Basic understanding of economics, including supply and demand

• Familiarity with global economic concepts (e.g., GDP, inflation, exchange rates)

• Basic knowledge of microeconomics (preferably an introductory level course)

• Proficiency in reading and writing for academic purposes

What Students Will Learn:

1. Trade Policy: Learn how governments implement trade policies, including tariffs, subsidies, quotas, and the political economy behind them.

2. International Trade Organizations: Explore the role of international institutions like the World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank in regulating and facilitating global trade.

3. Global Trade Agreements: Gain insights into the functioning of multilateral trade agreements (e.g., NAFTA, EU), and bilateral trade negotiations.

4. The Economics of Globalization: Assess the impact of globalization on trade flows, labour markets, and the global supply chain.

5. Trade Barriers: Identify the various types of trade barriers (e.g., non-tariff barriers) and their effects on international trade and economic development.

6. Current Issues in International Trade: Analyze modern challenges, including trade wars, tariffs, and the sustainability of global supply chains.

By the end of this course, students will be equipped with a solid understanding of the theories and practices of international trade and how they impact the global economy. They will also develop critical thinking skills to analyze current trade issues and policy decisions.

Basic understanding of economics, including supply and demand
Basic understanding of economics, including supply and demand
Basic knowledge of microeconomics (preferably an introductory level course)
Proficiency in reading and writing for academic purposes

Student of economics
Student of Marketing
This course is designed for undergraduate or graduate students in economics, business, political science, and international relations. It is also suitable for professionals and policymakers seeking a deeper understanding of the dynamics of global trade and its influence on national economies. No prior experience in international trade is required, but students should have a basic understanding of economics and global affairs.

Section 1 : International Trade 6 Lectures 01:19:44
Lecture 1 :
Introduction and Key Components of International Trade. Preview
Lecture 2 :
Why Countries engage in International Trade
Lecture 3 :
Benefits of International Trade
Lecture 4 :
Challenges and Risks in International Trade
Lecture 5 :
Different organisations for international trade
Lecture 6 :
Conclusion

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