KTU S5/S6 notes for Industrial Economics & Foreign Trade IEFT HUT 300 Notes are available here.This course, introduced in 2019, will teach you all about Industrial Economics & Foreign Trade.Industrial Economics and Foreign Trade are two related fields that study international trade, finance, and development in an international economy. You can get your IEFT Notes from the below links.
Through this 2019 Scheme Industrial Economics & Foreign Trade course, you will also learn aboutIndustrial Economics also studies other aspects, such as technology, production, and distribution.
By the end of this course, you will have completed an IEFTIndustrial Economics & Foreign Trade. Explain the problem of scarcity of resources like petroleum and consumer behaviour, and evaluate the impact of government policies on the general economic welfare.The Notes for Industrial Economics & Foreign Trade are easily available on our website (www.keralanotes.com).
| Board | KTU |
| Scheme | 2019 New Scheme |
| Year | Third Year |
| Semester | S5/S6 |
| Subject | HUT 300 | Industrial Economics & Foreign Trade |
| Credit | 3 |
| Category | KTU S5/S6 Computer Science |
KTU S5/S6 Industrial Economics & Foreign Trade | HUT 300 | Notes(2019 Scheme)
Are you in need of study materials for the Industrial Economics & Foreign TradeHUT 300?Determine the impact of changes in global economic policies on the businessopportunities of a firm. IEFTHUT 300presents the overall performance of the economy, the regulation of economic fluctuations, and its impact on various sections of society and international trades. To equip the students to take industrial decisions and to create awareness of the economic environment.
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Module 1
Module 1 - Syllabus
Basic Concepts and Demand and Supply Analysis
Scarcity and choice - Basic economic problems- PPC – Firms and its objectives – types of firms– Utility – Law of diminishing marginal utility – Demand and its determinants – law of demand– elasticity of demand – measurement of elasticity and its applications – Supply, law of supplyand determinants of supply – Equilibrium – Changes in demand and supply and its effects –Consumer surplus and producer surplus (Concepts) – Taxation and deadweight loss.
Module 1 - Notes
Module 2
Module 2 - Syllabus
Production and cost
Production function – law of variable proportion – economies of scale – internal and externaleconomies – Isoquants, isocost line and producer’s equilibrium – Expansion path – Technicalprogress and its implications – Cobb-Douglas production function - Cost concepts – Social cost:private cost and external cost – Explicit and implicit cost – sunk cost - Short run cost curves -long-run cost curves – Revenue (concepts) – Shutdown point – Break-even point.
Disaster risk assessment- approaches, procedures
Module 2 - Notes
Module 3
Module 3 - Syllabus
Market Structure
Perfect and imperfect competition – monopoly, regulation of monopoly, monopolistic completion(features and equilibrium of a firm) – oligopoly – Kinked demand curve – Collusive oligopoly(meaning) – Non-price competition – Product pricing – Cost-plus pricing – Target return pricing– Penetration pricing – Predatory pricing – Going rate pricing – Price skimming.
Module 3 - Notes
Module 4
Module 4 - Syllabus
Macroeconomic concepts
Circular flow of economic activities – Stock and flow – Final goods and intermediate goods -Gross Domestic Product - National Income – Three sectors of an economy- Methods ofmeasuring national income – Inflation- causes and effects – Measures to control inflation monetary and fiscal policies – Business financing- Bonds and shares -Money market and Capitalmarket – Stock market – Demat account and Trading account - SENSEX and NIFTY.
Module 4 -Notes
Module 5
Module 5 - Syllabus
International Trade
Advantages and disadvantages of international trade - Absolute and Comparative advantagetheory - Heckscher - Ohlin theory - Balance of payments – Components – Balance of Payments4deficit and devaluation – Trade policy – Free trade versus protection – Tariff and non-tariffbarriers
Module 5 -Notes
You will have finished an Industrial Economics & Foreign Trade (IEFT) course by the end of this course. Explain the issue of resource scarcity and consumer behaviour, as well as evaluate the influence of government actions on the overall economy. KTU Industrial Economics & Foreign Trade will help you learn aboutIndustrial Economics and Foreign Trade IEFT are two related fields that study international trade, finance, and development in an international economy as well as global economic governance, multilateral trade agreements, and world inequality
After learning this course try to answer some of these questions:
- Why does the problem of choice arise?
- What is the relation between price and demand?
- What is the shutdown point?
- Why is a monopolist called a price maker?
- How is GDP estimated?
- What is free trade?
- What are the arguments in favor of protection?
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