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The aim of this study material is to provide a comprehensive view on issue of international economics at its theoretical level. The attention is paid to the theory of international trade, international trade policy and to instruments of trade policy. This study material also introduces the issue of balance of payments, the area of exchange rates and their relationship to money and prices. Furthermore, it deals with international macroeconomic policy through the development of international monetary relations and the part of this text is devoted to the issue of global capital markets, macroeconomic stability and financial crises. This publication is also dedicated to the issue of developing economies as a substantial majority of contemporary world. This part focuses on analysis of external economic relations of developing economies and particularly on the analysis of their business policies and the issue of debt.
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