This course is a graduate level course in macroeconomics and international finance. The main objectives of the course are: (1) refresh the basis for understanding how the economy works at the aggregate level, and how production, employment, prices and interest rates are jointly determined; (2) study how different economies interact and depend on one another emphasizing the role of capital markets. We will specifically analyze how exchange rates are determined and when and why capital moves from one country to another. By studying a framework that analyzes the economic interaction of individuals, we will develop the theoretical and empirical foundations to consider the various macroeconomic policies affecting economic activity. The course provides a perspective that facilitates a rigorous analysis of macroeconomic risk and introduces the most debated issues in international macroeconomics: sovereign debt and risk, currency unions, global imbalances and the financial crisis of 2007-08