This course provides a comprehensive and systematic analysis of the fundamental theories and practices of international finance, grounded in open-economy macroeconomics. It explores the intricate relationships between national economic performance, the balance of payments, and exchange rate dynamics. Students will examine the organizational structure of the international financial system and the mechanisms for handling cross-border financial flows, including the borrowing, lending, and trading of currencies. A significant portion of the curriculum is dedicated to international derivative markets—covering forwards, futures, options, and swaps—and their pivotal role in risk management. The course provides thorough grounding in currency risk management techniques, ranging from in-house hedging and netting to complex derivative strategies. Furthermore, students will gain deep insights into international financial instruments and the underlying causes and consequences of global financial crises.