The aim of this course is to provide students with an understanding of the principles and applications of international economics, so that students will be prepared to face the future complexities of the world economy.  The course will cover the law of comparative advantage,

the gains from trade, the Ricardian model, the Heckscher-Ohlin theory, the standard and alternative trade theories, tariff and non-tariff barriers, customs unions, and international factor movements, balance of payments and adjustment policies, fixed and flexible exchange rates, the internationalisation of financial markets, international capital mobility, international macroeconomic policy coordination.