MCom Part I Economics of Global Trade and Finance Semester I 2012-13 Dr. Ranga Sai Department of Business Economics Kelkar- Vaze College‚ Mumbai-400081 Dr Ranga Sai Vaze College‚ Mumbai Preamble The syllabus of M. Com Part 1 is designed to acquaint the students with the various aspects of International Trade‚ Commercial Policy and Global Finance as well as recent trends and developments in international trade. SEMESTER I Module 1: Commercial policy Tariff and Non tariff
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The world does not progress-it merely changes Or The Golden Age Is Not Behind Us But Before Us There is no nation‚ race‚ creed or religion‚ where the idea of the Golden Age has not existed. The English people ascribe the characteristics of a golden age to the Age of Queen Elizabeth‚ the French to the Age of Loius XIV‚ Greeks to the Age of Pericles‚ Romans to the Age of Augustus‚ Israelites to the Age of King Solomon‚ Indians to the Age
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Claim: Can we have knowledge independent of our culture? Counterclaim: All knowledge is based on our culture‚ without culture there is no knowledge. Culture is the characteristics of a particular group of people‚ defined by everything from language‚ religion‚ cuisine‚ social habits‚ music and arts. Since we come into the world‚ we become part of a culture. Our parents and guardians slowly push us into it‚ they teach us about values‚ traditions‚ religion and everything else that can be called culture
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Role of Government The government provides the legal framework and the services needed for a market economy to operate effectively. The legal framework sets the legal status of business enterprises‚ ensures the rights of private ownership‚ and allows the making and enforcement of contracts. Government also establishes the legal "rules of the game" that control relationships among business‚ resource suppliers‚ and consumers. Discrete units of government referee economic relationships‚ seek out foul
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Economic Analysis of Financial Regulation 1. Nine basic categories of financial regulation a) Government safety net (Deposit insurance & Lender of last resort) *** b) Restriction on asset holding c) Capital requirement d) Prompt corrective action e) Chartering and examination f) Assessment of risk management g) Consumer protection h) Restriction on competition 2. Government safety net comes in the form of deposit insurance and lender of last resort
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What are gangs? A gang can either be an organized group of criminals or a group of young people who spends their time together. Gangs are usually groups of dangerous people like the Latin Kings‚ MS 13‚ Area boys‚ and so on. It’s not only societies‚ communities‚ and neighbourhoods that have gangs‚ even high schools have gangs. Why do we have gangs? Why do we need gangs? Generally‚ a gang is a group of people who claim territory and use it to make money through illegal activities. However‚ the reasons
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NOYO OSAGHAE 1/30/2012 I HAVE NEITHER GIVEN NOR RECEIVED‚ NOR HAVE I TOLERATED OTHERS’ OF UNAUTHORIZED AID THE ROLE OF LOCAL GOVERNMENTS IN A GLOBALIZED ECONOMY Recent developments in the global economy would seem to suggest that it is in the interest of states to be integrated into the global economy‚ although it is also obvious that most would like to do so in the most beneficial and equitable ways. The increase in the number of states seeking membership in the World Trade Organization
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THE GLOBAL ECONOMIC MELTDOWN Economies of the world all have their periods of rise and fall. No economy can experience total stability over a period of time- there must be some forms of rise or fall in the stability of the economy. Today‚ virtually every country in the world is affected by what happens in other countries. Some of these effects are a result of political events‚ such as the overthrow of one government in favor of another. But a great deal of the interdependence among the nations
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ALTERNATIVE MEASURES OF ECONOMIC GROWTH AND PROGRESS What are some limitations of the Gross Domestic Product measure and some ideas for improving it? GDP has four major limitations: It includes the replacement of depreciated capital. It measures income produced in a country but not how much income people in that country re-ceive. Since GDP only counts monetary transactions (including esti-mates for those in the shadow economy)‚ it misses many other ac-tivities that people value like caring
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Economics of Global warming Global warming has been on the rise for several years now‚ becoming one of the most modern issues in society. It is pretty evident that it cannot be ignored. Global warming is when the earth heats up resulting in a temperature rise; it happens when greenhouse gases are emitted into the atmosphere and causes trap heat and light from the sun in the earth’s atmosphere‚ which increases the temperature. Resulting in several social and political effects like higher sea levels
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