This course begins with a critical review of the standard models studied in introductory macroeconomics courses, highlighting their limitations and applicability. In the process, we emphasize the role of expectations and the intertemporal decisions faced by governments, consumers and firms. Building on this foundation, we analyze a host of international macroeconomic and financial issues, including monetary and fiscal policies, exchange rate determination, financial crises, currency risks and their implications for corporate decision-making.