The world monetary order is examined. Topics include foreign exchange rates, international balance of payments and concepts of imbalance, fixed versus flexible exchange rate regimes along with some historical perspective. Strong emphasis is put on the operation of the International Monetary Fund and the problems of providing adequate finance for developing countries and a satisfactory adjustment system for members of the I.M.F. Lect: 3 hrs. Prerequisite: ECN 301, Antirequisite: ECN 607 Course Weight: 1.00 Billing Units: 1
