Description
MASTER OF ARTS
(ECONOMICS)
ASSIGNMENTS 2025-26
Third Semester Courses
(For July 2025 and January 2026 Sessions)
MEC-107: INTERNATIONAL TRADE AND FINANCE
Tutor Marked Assignment
Course Code: MEC-107
Asst. Code: MEC-107 / AST-1/2025-2026
Total Marks: 100 Note: Answer all the questions.
SECTION A Answer the following questions in about 700 words each. Each question carries 20 marks. 2X20=40
1) (a) Why is ‘free trade’ between two countries considered to be better than no trade? Explain with the help of a diagram.
(b) Using the Ricardian theory of international trade as a framework, illustrate how nations derive benefits from engaging in trade.
2) What factors prompted the development of intra-industry trade? Explain. How does this theory contribute to our understanding of international trade?
Section B
Answer the following questions in about 400 words each. Each question carries 12marks. 5X12=60 3) How would you apply technological gap model to explain the pattern of international trade? Explain.
4) Examine the impact of environmental standards and logistics cost on the location of the production and international trade.
5) What would be the effect of tariff on the volume of trade and terms of trade in the case of (i) a small country and (ii) a large country? Use a diagram to explain
6) How is capital account convertibility (CAC) different from current account convertibility? In the case of developing countries, what are some situations when capital account convertibility can have adverse effects?
7) List the different types of international financial markets. Explain the importance of international instruments and financial markets.
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