Hino ika—Ganw oH NIA TONAL OPEN —ONIVERS TY a ASSIG MENT ONY CENTRE COME 4 DW2- NIVEA PIRHILA COUEGE ———" LPROFANME a Mec (SASTAR oF ARTS CE/OMOMICS)) ——" | EmRoumenrt__No- _ 22954373 68 | ame ae AGGARWAL ——— cource Code 3 _mec- 004 |_| course Tine ____2_INTERNIEMIOWAL “TRADE AND FANDNCE : BESSION L 9029 -TuLy, | Apnress E1105. SHBHDARA MANS! + ——— pt BE + M0032 I MoBiLE_NO- § @2emgsid : . EMAIL s jonveragqseea.123@-graallscomt _§ Aare _OF SUBMISSION | (12 OV=200) sae Teacher's SigM nnn‘afte ah Tea yet i ignou Serre ae Ret noes | Taveeees Indira Gandhi National Open University : Maidan Garhi,New Delhi - 110068 16N0U- Stein went a Enrolment Number: 2254373458 |) |, RC Code : 29: DELHI2(RAJGHAT) Name of the Programme : MEC: MASTER OF ARTS (Economics) | ~ Name = JANVEE-AGGARWAL \ | Fi Father's Name: __VINEET KUMAR AGGARWAL j-17,1/1405.b, Shahdara Mansarovar park delhiEAST DELHI ite Pin Code 110032 ~tastrucons i 4. Tscard tks be rood on demand a Bw Sd it | men Cia ott Estabishment of GNOUD se Rs tacts. 2 The ees wout be evatabl oy ein oe Pro amr cus ar wih te des este 23.This 1D Cards gonoraied online Sluconts are adviged fo ake a color rin of His I Card and gett tmiraled ‘The student go's can be cross checked wth the OF Code at www grou. “Address :MEC-007: INTERNATIONAL TRADE AND FINANCE Tutor Marked Assignment (TMA) (For the Students who have taken admission up to January 2023 Academic Cycle) Course Code: MEC-007 Asst. Code: MEC-007 / AST/2023-2024 Total Marks: 100 Note: Answer all the questions. SECTION A Answer the following questions in about 700 words each. Each question carries 20 marks. 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 Answer the following questions in about 400 words each. Each question carries 12 marks. 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 mn? Elucidate. 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.ECO SECTION= A == Coutically isewA “the Ricardian the v1 {pin Adam Amith's thaassy a4 Abiolute —(BETA ere 7) lowe 77 J thi —_Qicordiam tua, of, com parade clung 2ont \oth —combrrtry (60 furnalomed. Coninbe ‘in todunnational cheiade. 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