Contiene: International trade. The law of comparative advantage. International equilibrium with increasing costs. The heckscher-ohlin model. Alternative trade theories and empirical testing. Growth and trade. The theory of tariffs. Arguments for protection. Instruments of commercial policy. Customs unions. International finance. The foreign exchange market. The balance of payments. The balance-of-payments problem: a basic model. The price-adjustment mechanism. The income-adjustment mechanism. The world debt crisis. Fiscal and monetary policy for internal and external balance. Flexible versus fixed exchange rates. The monetary approach. The international monetary system.