This course covers aspects of international trade theory, international trade policy, commercial policy, the balance of payments and foreign exchange markets, and the international monetary systems and international macroeconomic policy. Moreover, the course covers the reasons for trade, the explanation of trade patterns, and the gains accruing from trade or from restricting trade. This course enables the students to acquire the analytical methods needed and understanding of how and when to apply different models and approaches to events in the world economy; Provide an understanding of the intellectual and practical problems that arise from the economic interaction between countries; Offer explanations of the international pattern of trade and specialization and of the reasons why similar economies often trade more with each other than with dissimilar ones; Provide an account of the sources of the gains from trade and offer explanations, in the monetary sphere, of the determinants of exchange rates; of the timing and causes of financial crises and an analysis of the channels of international economic interdependence.