MEC-007 Solved Assignment English Medium 2021-22

Free MEC7 Solved Assignment English Medium 21-22 for July 2021 and January 2022 Session

M.E.C-007

INTERNATIONAL TRADE AND FINANCE

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.

Submission

For July 2021 session, you need to submit the assignments by March 31, 2022, and for January 2022 session by September 30, 2022 for being eligible to appear in the term- end examination. Assignments should be submitted to the Coordinator of your Study Centre. Obtain a receipt from the Study Centre towards submission.

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