This course concentrates on financial aspects of international trade. Major topics include national income accounting in an open economy, the balance of payments, types of exchange rate systems, the purchasing power parity theory, the optimum currency area, macroeconomics policies under alternative exchange rate systems, and international money and capital markets. PREREQ: ECON 2016 or permission of the instructor. (lec 3) cr 3. Students may not retain credit for both ECON 3447 and ECON 3445. Lecture (3. 00).