Pt. 1. Introduction and institutions. The United States in a global economy -- International economic institutions since World War II -- pt. 2. International trade. Comparative advantage and the gains from trade -- Comparative advantage and factor endowments -- Beyond comparative advantage -- The theory of tariffs and quotas -- Commercial policy -- International trade and labor and environmental standards -- pt. 3. International finance. Trade and the balance of payments -- Exchange rates and exchange rate systems -- An introduction to open economy macroeconomics -- International financial crises -- pt. 4. Regional issues in the global economy. Economic integration in North America -- The European Union: many markets into one -- Trade and policy reform in Latin America -- Export-oriented growth in East Asia -- China and India in the world economy.