Importance of International Economics
The Classical Theory of International Trade
Generalised Theory of Ricardian Comparative Cost Advantage
Opportunity − Cost Version of Comparative Advantage Principle
Heckscher − Ohlin Theorem: Modern Theory of International Trade
Factor Endowment Theory: Revisited
Recent Development in Theories of International Trade: An Overview
The Gravity Model
Gains From International Trade
Terms of Trade
Technical Progress and International Trade
The Rate of Exchange
The Real Exchange Rate
The Balance of Payments
International Capital Movements
Free Trade vs. Protection
Tariffs
Import Quotas
Exchange Control
Miscellaneous Protection Techniques
State Trading
International Gold Standard
International Monetary Fund
International Financial Institutions
Major Issues of The International Monetary System: The Problem of International Liquidity
The Theory of Customs Union
The European Economic Community
General Agreement on Tariffs and Trade (GATT)
The World Trade Organisation (WTO)
United Nations Conference on Trade and Development (UNCTAD)
Euro − Dollar Market
Regional Economic : Integration Among Developing Countries
Regionalism Versus Multilateralism
India`s Foreign Trade
India`s Balance of Payments
Multinational Corporations
Foreign Direct Investment (FDI)
International Debt and World Bank
Globalisation
Globalisation of Financial Markets: International Finance Hub

Appendix: Statistical Tables
References and Select Readings
UGC Model Curriculum

This book has been thoroughly revised and recast to incorporate a broader range of events and analysis more rigorously in an updated manner to facilitate the reader to have a better comprehension and improved ability to understand the development in the global economic fields. It is more data-oriented and research-based in its synthesisation of ideas and analysis. This edition also includes some relevant case studies for the reader and purposeful classroom discussions and pragmatic courses at the graduate and undergraduate levels of studies in India and abroad.