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