Curriculum
Curriculum
-
Advanced Level International Trade
- Differences between international and domestic trade
- Reasons for international trade and assumptions
- Absolute cost advantage
- The principle of comparative cost advantage
- Advantages and disadvantages of international trade
- Term of trade
- Term of trade exercise
- BOP deficit
- BOP Surplus and devaluation
- Exchange rates
- International economic cooperation
- International Trade Notes
- International Trade Quiz
Overview
Overview
International trade refers to the exchange of goods and services across international boundaries brought about by international division of labour and specialization. A trade between two countries is known as bilateral trade, e.g. a trade between Cameroon and Japan. Trade between many countries is referred as multilateral trade, e.g. a trade between Cameroon, Chad, Gabon, Congo, Equatorial Guinea and Central Africa Republic. A country which does not engage in international trade is a closed economy. A country which takes part in international trade is called an open economy.
Course Features
- Lectures 12
- Quizzes 1
- Duration 50 hours
- Skill level Advanced Level
- Language English
- Students 21
- Certificate No
- Assessments Self
Instructor
Instructor
Reviews
Reviews
