This course examines international monetary theory, policy and applications. Topics include: balance of payments, the role of money and relative interest rates, exchange rate models/regimes and their effect on price levels and output, the international investment and global capital markets, currency crises, the international financial architecture, including the role of the World Bank and the International Monetary Fund (IMF). This course emphasizes current applications, policy development, as well as the institutional framework underlying the interaction between nations. Prerequisite: ECON 100 and 101 or ECON 201 and 202 or consent of the Donald School of Business. Note: Not to be taken if credit received for ECON 323.