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International economics is different. Part 1 The theory of internationaltrade: the basic theory of international trade - demand and supply; whyeverybody trades - comparative advantage and factor proportions; who gainsand who loses from trade? growth and trade; alternative theories of trade.Part 2 Trade policy: the basic analysis of a tariff; non-tariff barriers toimports; arguments for and against protection; pushing exports; trade blocsand trade blocks; trade and the environment; trade policies for developingand transition countries; the political economy of trade and agriculture.Part 3 Understanding foreign exchange: payments among nations; the foreignexchange market; forward exchange; what determines exchange rates in the longrun? what determines exchange rates in the short run? government policiestoward the foreign exchange market. Part 4 Macro policies for open economics:how does the open macroeconomy work? internal and external balance with fixedexchange rates; floating exchange rates and internal balance; national andglobal choices -floating rates and the alternatives. Part 5 factor movements:the international movement of labour; international lending and financialcrises; direct foreign investment and the multinationals. Appendices: wherethe international numbers are; deriving production possibilities curves;offer curve; the nationally optimal tariff; the monopoly effect of a quota;many parities at once; devaluation and the trade balance.