The course covers both the monetary as well as the real side of International Economics. the subjects covered include the presentation of the rules of the game of the gold standard before proceeding to the explanation of the current international monetary system. The types and nature of different flows of funds internationally is presented before an analysis of the balance of payments. This followed by an analysis of the determination and variations in exchange rates presently in operation under the dollar standard. Special emphasis is placed on the importance of changes in interest rates as instigators of flows of funds internationally. There is also a presentation and examination of international financial centers like new York, Frankfurt, Shanghai and London. The study of international financial markets is followed by studies of theories in international trade from David Ricardo to Hechsher-Ohlin. Finally, different forms of economic integration are presented followed by a study of tariffs, quotas and quantitative restrictions.