This unit enables students to understand and critically examine debates on international trade and international finance as well as issues relating to the global economy.  The unit demonstrates how economic concepts can be applied to these and other complex international business issues, and is concerned with the operation and role of international financial markets from a macroeconomic standpoint. The broad aim of the unit is to give students an increased awareness of current issues in international business and finance, and a framework for thinking about globalization and regional economic integration. The sections on international finance are focused on foreign exchange markets and the determination of exchange rates; the role of foreign exchange derivatives; the international monetary system; interest parity relationships; as well as how to measure and how to manage the foreign exchange rate risks.