MEC-007 INTERNATIONAL TRADE AND FINANCE in English Solved Assignment 2018-2019

MEC-007 Solved Assignment 2018-19

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MEC-007: INTERNATIONAL TRADE AND FINANCE
Assignment (TMA)
Course Code: MEC-007
Assignment Code: MEC-007/AST/2018-19
Maximum Marks: 100

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Title NameMEC-007 Solved Assignment 2018-19
UniversityIGNOU
Service TypeSolved Assignment (Soft copy/PDF)
CourseMA(Economics)
Language ENGLISH
Semester2018-2019 Course: MA(Economics)
Session2018-19
Short Name MEC-007
Assignment CodeMEC-007/AST/2018-19
ProductAssignment of MA(Economics) 2018-2019 (IGNOU)
Submission Datebefore March 31th, 2019 for the session July, 2018 and
before September 30th, 2019 for the session January 2019

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.

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