Aspects of international economics -- Internationalization and the world economy -- International trade theory -- International production factors, foreign direct investment and the multinational enterprise -- Trade policy: a welfare theory analysis -- Modern arguments relating to protection -- Trade policy and market forms: a microeconomic analysis -- The practice of protection -- Business, government and lobbying -- Economic integration -- The balance of payments and the foreign-exchange market -- International capital flows -- Exchange-rate explanation and prediction -- Exchange-rate systems and effects -- International risk: types and hedges -- International monetary cooperation -- A financial obstacle to economic development: the world debt crisis -- A financial obstacle to economic development: currency crises -- Irrevocably fixed exchange rates: recent experiences.