1. International Trade : Meaning, Characteristics, Impor-tance-Similarities and Difference Between Inter-nal Trade and International Trade 2. Importance/Role of International Trade in Economic Development 3. Recent Trends in International Trade 4. Problems of International Trade 5. Theories of International Trade (1) Adam Smith (ii) David Ricardo 6. J. S. Mill’s Theory of Reciprocal Demand 7. Haberler’s Theory of Opportunity Cost 8. Heckscher-Ohlin Theory of International Trade and Leontief Paradax 9. Terms of Trade—Meaning, Importance, Classification, Factors Affecting Terms of Trade and Relation with Gains 10. Principles or Theories of Determination of Foreign Rate Exchange-Mint Per Rate of Exchange-Purchasing Power Parity Theory-Balance of Payments Theory 11. Fixed and Floating Exchange Rates 12. Free Trade and Protection : Tools of Protection–Custom Duty, Quota Devaluation, Tariffs State Trading etc. 13. Foreign Exchange Control : Meaning, Objectives, Methods and Exchange Control in India 14. European Common Market 15. International Economic Intergration–Theory of Customs Union 16. Balance of Payment—Concept, Importance, Causes of Disequilibrium and Policies to Correct Disequilibrium in Balance of Payments 17. International Monetary Fund : I.M.F. 18. International Bank of Reconstruction and Development (I.B.R.D.) or World Bank 19. Gatt and World Trade Organisation (WTO) 20. Objects, Functions and Achievements of the UNCTAD (Trade and Development Conference of U.N.O.) 21. Asian Development Bank (A.D.B.) and its Role 22. Export-Import Policy (With Special Reference to India) 23. E-Trade.