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Economic integration

Unit 2: Global Economy and Regional EconomyTopic 3 of 4
Browse the International Business syllabus

International Business

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What the syllabus expects

  • WTO origin, goals, structure and functions
  • Preferential trading, free trade areas, customs union, common market, economic union and political union

Economic integration

Bachelor of Business Studies (BBS) — Fourth Year

Subject: International Business (MGT 251)

Unit 2: Global Economy and Regional Economy

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of economic integration.
  • Apply the relevant concepts to a defined organizational or venture situation using evidence and stated assumptions.

Curriculum Scope

  • WTO origin, goals, structure and functions
  • Preferential trading, free trade areas, customs union, common market, economic union and political union

Detailed Microsyllabus

  1. WTO foundations

    1. Explain WTO origin, goals, structure and functions.
    2. Describe its role in rules and dispute-related processes.
    3. Distinguish institutional functions from individual national policies.

  2. Integration levels

    1. Compare preferential arrangements and free trade areas.
    2. Explain customs unions and common markets.
    3. Distinguish economic and political unions.

  3. Business implications

    1. Assess market access and coordination effects.
    2. Identify rules and exceptions relevant to a dated example.
    3. Avoid assuming all arrangements remove every barrier.

Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 115–117.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.