International Economics International Trade: Basic concepts and analytical tools Theories of International Trade International Trade under imperfect competition Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms Exchange Rate: Concepts and Theories Foreign Exchange Market and Arbitrage Gains from Trade, Terms of Trade, Trade Multiplier -3- Tariff and Non-Tariff barriers to trade; Dumping GATT, WTO and Regional Trade Blocks; Trade Policy Issues IMF & World Bank