An overview of the advances made in the last decade and a half in this field. Based on an advanced graduate level course, the book represents fundamental insights into the structure of the physical theory of the large-scale dynamics of the oceans. The author has maintained throughout a blend of analytical and numerical results so as to achieve as deep a physical understanding of the dynamics of the large-scale circulations as possible. The results of the theories are compared with observations and the success or inadequacies of the theories are highlighted. Topics of particular interest are: theory of the wind-driven circulation, the thermocline, the equatorial circulation and the abyssal circulation. Much of the material - previously scattered throughout the literature - has been collated here for the first time.