Programme

PGP

Term

VI

Academic Year

2021-22

Course title

Managing International Trade

Area

Centre for Management in Agriculture

Credits

0.75

Instructor(s)

Prof. Poornima Varma

Course Description & Objectives

Introduction: Doing business across borders entails a whole new set of managerial challenges. It requires an in-depth understanding of global environment, comparative advantage, evaluating diverse socio-political environments and legal structures, product standards and quality requirements as well as exchange rate risks. The course covers several issues in international trade from a developing country perspective with a focus on trade in both food and agriculture sector as well as manufacturing sector. Objectives: The course aims to equip students with a deeper understanding of the manner in which international trade takes place by sharpening their analytical skills in addressing a wide range of managerial challenges in international trade. The course will give them a thorough understanding of trade policies and institutions and the interplay of economics and politics. For example, why do nations trade but still impose tariffs and non-tariff barriers, why do some countries and firms engage in the unhealthy practice of dumping, what are the legal processes that need to be adopted to respond to the dumping issues through anti-dumping measures, what are the existing mechanisms to settle international trade disputes, what are the standards affecting trade, how to comply with these standards and what are the implications of complying to standards, what are the various factors that need to be taken into consideration while entering into a new market, how to deal with exchange rate risks, how an emerging-market company can succeed as a global player and how to strategically enhance the global competitiveness and so on.

Pedagogy

This course is predominantly based on case method of teaching with a few relevant articles and reports along with classroom discussions and presentations.