INDICE 1. An Introduction to International Trade. 2. Tools of Analysis for International Trade Models. 3. The Classical Model of International Trade. 4. The Heckscher-Ohlin Model. 5. Tests of Trade Models: The Leontief Paradox and Its Aftermath. 6. Tariffs. 7. Nontariff Barriers and Arguments for Protection. 8. Commercial Policy: History and Practice. 9. Preferential Trade Arrangements. 10. International Trade and Economic Growth. 11. An Introduction to International Finance. 12. The Balance of Payments. 13. The Foreign-Exchange Market. 14. Prices and Exchange Rates: Purchasing Power Parity. 15. Exchange Rates, Interest Rates, and Interest Parity. 16. Foreign-Exchange Risk, Forecasting, and International Investment. 17. Basic Theories of the Balance of Payments. 18. Exchange Rate Theories. 19. Alternative International Monetary Standards. 20. International Banking, Debt, and Risk. 21. Open-Economy Macroeconomic Policy and Adjustment