A PROJECT ON

Tariffs vs Quotas
In The Subject
Economics of Global Trae an !inance
Submitte "#
$anish S %erchant
A&''
%(Com Part )I *"usiness %ana+ement,
-ner The Guiance Of
Prof( Jose Au+ustine
To
-niversit# Of %umbai
!or
%aster of Commerce Pro+ramme *Semester . I,
In
"usiness %ana+ement
/ear0 1&23.2'
S45%6S
NARSEE %ONJEE CO77EGE O! CO%%ERCE 8ECONO%ICS
4I7E PAR7E *9,: %-%"AI ) 3&&&';(
E4A7-ATION CERTI!ICATE
This is to certify that the undersigned have assessed and evaluated the project on
Tariffs vs Quotas< submitted by $anish %erchant student of %(Com( ) Part . I
*Semester ) I, In "usiness %ana+ement for the academic year 2014-15. This project is
original to the best of our knoledge and has been accepted for !nternal "ssessment.
#ame $ %ignature of !nternal &'aminer (
#ame $ %ignature of &'ternal &'aminer (
Princi=al
Shri Sunil "( %antri
$EC7ARATION "/ T>E ST-$ENT
!) $anish S %erchant student of %(Com *Part ) I, In "usiness %ana+ement) *oll #o.( "055)
hereby declare that the project titled ?Tariffs vs Quotas< for the subject Economics of Global
Trae an !inance submitted by me for %emester + ! of the academic year 2014-15) is based on
actual ork carried out by me under the guidance and supervision of Prof( Jose Au+ustine. !
further state that this ork is original and not submitted anyhere else for any e'amination.
,lace( -umbai
.ate(
#ame $ %ignature of %tudent
#ame ( .anish % -erchant
%ignature( /////////////////
AC5NO97E$GE%ENT
,rojects have alays been fun 0earning e'perience) but ith groing age) at this -asters1
0evel) it surely demands 2orporate and .epth "pproach.
This project as a great learning e'perience and ! take this opportunity to acknoledge all
those ho gave me their invaluable guidance and inspiration provided to me during the
course of this project by my guide.
! ould like to thank %r( Jose Au+ustine - ,rofessor of &conomics of 3lobal Trade "nd
4inance.
! ould also thank the %(Com $e=artment of Narsee %onjee Colle+e of Commerce 8
Economics ho gave me this opportunity to ork on this project hich provided me ith a
lot of insight and knoledge of my current curriculum and industry as ell as practical
knoledge.
5ould sincerely thank our coordinator %r( >arish Sharma for constant guidance over the
projects and curriculums.
! ould also like to thank the librar# staff of Narsee %onjee Colle+e of Commerce 8
Economics for e6uipping me ith the books) journals and maga7ines for this project.
! ould also like to thank my friends and fello students ho helped me in the cause of the
project.
IN$E@
Sr(No Contents
1
!ntroduction
2 .emand and %upply
8 2hanges in -arket &6uilibrium
4 Tariffs and 9uotas
5 Types of Tariff and #on-Tariff :arriers
; Types of 9uotas
< 4oreign &'change
= :alance of ,ayments
> &conomic ?utput using Tariffs and 9uotas
10 -oney and its theorys using Tariffs and 9uotas
11 "dvantages and .isadvantages of Tariffs $ 9uotas
12 !ncome and &mployment