NTRODUCTION; 1. The world economy; 2. The balance of payments; INTERNATIONAL TRADE; COMPARATIVE ADVANTAGE; 3. Classical trade: technology; 4. Production structure; 5. Factor prices; 6. Production volume; 7. Factor abundance; 8. Trade Policy; COMPETITIVE ADVANTAGE; 9. Imperfect competition; 10. Intra -- industry trade; 11. Strategic trade policy; 12. International trade organizations; 13. Economic integration; TRADE INTERACTIONS; 14. Geographical economics; 15. Multinationals; 16. New goods, growth and development; 17. Applied trade policy modelling; INTERNATIONAL MONEY; MONEY BASICS; 18. Money market; 19. Foreign exchange markets; 20. Purchasing power parity; 21. Interest rate parity; 22. Money organizations and institutions; EXCHANGE RATES; 23. Elasticity and absorption; 24. The monetary approach; 25. Economic policy in the short-run; 26. Expectations and Sticky Prices; POLICY AND CREDIBILITY; 27. Objectives, targets, and instruments; 28. Fixed exchange rates and target zone; 29. Financial Crises; 30. European Monetary Union (EMU); 31. New Open Economy Macroeconomics; CONCLUSION; 32. Concluding Remarks.