This course is related to but does not overlap with undergraduate courses International Trade and International Finance taught at the IES. Course “Economics of Global Business” deals with international trade, international financial flows, globalization of economic activities, but it focuses on additional topics and uses a different (more practical) perspective than the two afore-mentioned courses. It discusses many applied and institutional aspects of global economic activities and it also provides a brief insight into actual methods used in international business, as well as case studies with examples of interesting successes/failures. However, unlike many traditional courses of this type, which use rather soft and descriptive approaches, we will always try to provide also economic rationale, and relevant economic models and their empirical tests.