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Learn International Economics with Francis Cherunilam's Book (PDF Available)

International Economics by Francis Cherunilam: A Review

International economics is a branch of economics that studies the interactions between countries and regions in terms of trade, finance, migration, and development. It is a fascinating and relevant subject that helps us to understand the global economy and its challenges and opportunities.

international economics francis cherunilam free download pdf

One of the books that provides a comprehensive and updated coverage of international economics is International Economics by Francis Cherunilam. This book, which is now in its sixth edition, is written by a renowned scholar and author who has vast experience and expertise in teaching and researching international economics.

In this article, we will give you a review of International Economics by Francis Cherunilam, its contents, features, benefits, and limitations. We will also tell you how to download International Economics by Francis Cherunilam pdf for free from reliable sources.

What are the contents of International Economics by Francis Cherunilam?

International Economics by Francis Cherunilam consists of 24 chapters and four appendices. The chapters are as follows:

  • Chapter 1: Introduction - This chapter gives an overview of international economics, its scope, objectives, methods, and importance.

  • Chapter 2: International Economic Gap and NIEO - This chapter discusses the causes and consequences of the economic gap between developed and developing countries and the proposals for a new international economic order.

  • Chapter 3: Theory of Comparative Advantage - This chapter explains the classical theory of comparative advantage and its extensions and criticisms.

  • Chapter 4: Modern Theory of International Trade - This chapter presents the modern theory of international trade based on factor endowments, economies of scale, product differentiation, imperfect competition, etc.

  • Chapter 5: Terms of Trade - This chapter analyzes the concept and measurement of terms of trade and its impact on welfare and growth.

  • Chapter 6: Gains from Trade - This chapter examines the sources and distribution of gains from trade and the effects of trade on income inequality.

  • Chapter 7: Trade Barriers - This chapter describes the various types and effects of trade barriers such as tariffs, quotas, subsidies, non-tariff barriers, etc.

  • Chapter 8: Global Trade - This chapter provides an overview of the trends and patterns of global trade in goods and services.

  • Chapter 9: Globalisation - This chapter explores the concept, dimensions, drivers, indicators, benefits, costs, and challenges of globalisation.

  • Chapter 10: Economic Integration and Cooperation - This chapter discusses the forms, levels, theories, benefits, costs, and examples of economic integration and cooperation among countries.

  • Chapter 11: Balance of Payments - This chapter explains the components, accounting principles, equilibrium conditions, and adjustment mechanisms of balance of payments.

  • Chapter 12: Foreign Exchange - This chapter defines foreign exchange and its functions, markets, rates, regimes, determinants, forecasting methods, etc.

  • Chapter 13: International Monetary System - This chapter traces the evolution and working of the international monetary system from the gold standard to the present day.

  • Chapter 14: International Liquidity and Reserves - This chapter examines the concept, measurement, adequacy, sources, uses, allocation, and management of international liquidity and reserves.

Chapter 15: International Capital Flows - This chapter studies the types, determinants,

effects, regulation, and management of international capital flows such as foreign direct investment,

foreign portfolio investment,

external borrowing,

foreign aid,


  • etc.

Chapter 16: Multinational Corporations - This chapter analyzes the characteristics,





and regulation

  • of multinational corporations.

Chapter 17: Transfer of Technology - This chapter explores the meaning,





and policies

  • of transfer of technology between countries.

Chapter 18: Official Development Assistance - This chapter evaluates the nature,






and reform

  • of official development assistance or foreign aid.

Chapter 19: International Debt - This chapter assesses the causes,



and resolution

  • of international debt problems faced by developing countries.

Chapter 20: International Migration - This chapter investigates the patterns,



and policies

  • of international migration of labour.

Chapter 21: Trade Policy Issues - This chapter reviews some important trade policy issues such as protectionism vs free trade,

trade liberalization vs fair trade,

trade-related intellectual property rights,

trade-related investment measures,

trade facilitation,

  • etc.

Chapter 22: Trade and BOP of India - This chapter presents an overview of India's trade

and balance

  • of payments performance since independence.

Chapter 23: IMF

and Development Organisations - This chapter describes the objectives,





and role

of IMF

and other development organisations such as World Bank Group

  • and UNCTAD

Chapter 24: World Trade Organisation - This chapter explains the genesis,








and future

  • of World Trade Organisation

The appendices are as follows:

  • Appendix A: Selected Data on World Economy

  • Appendix B: Selected Data on Indian Economy

  • Appendix C: Glossary

  • Appendix D: References

What are the features

and benefits

of International Economics

by Francis Cherunilam?

International Economics

by Francis Cherunilam

has many features

and benefits

that make it a useful

and relevant

book for students