This book is prepared for the purpose of easy understanding of economic concepts which are used in International trade. It comprises of Five chapters. Chapter I provides basic idea about International economics, Chapter II discusses about theories of international trade, Chapter III enumerates Balance of payment and Exchange Rares Chapter IV portrays International Monetary System and Chapter V provides idea about GATT and WTO.This book is mainly published for UG and PG students of Arts who are undergoing the examination preparation for International Economics. It provides the basic idea about the economic concepts which are used in international trade. It covers most of the syllabus of Indian universities which are offering the subject International Economics. After analyzing the previous year question papers of various universities, topics are selected and described in such a way to answer each section of Questions. I wish all my lovable students to make use of this book and secure good marks in your semester end examinations.