International Economic Transactions

General Information
Every two weeks, see description
Room: 
235
ECTS: 
8
Number of Hours: 
60
Monday 8:15 - 15:00
Preliminary requirements: 

Basic knowledge concerning microeconomics and macroeconomics, international economic relations as well as economic policy.

Course Description: 

Course dates: 25.02, 4.03, 18.03, 1.04, 8.04, 29.04, 13.05, 27.05

Lecture:

Topic 1. International economic transaction: an introduction

Topic 2. International economic transaction – types and features

Topic 3. Export plan and international marketing

Topic 4. Cultural differences and international business

Topic 5. Legal contract & international transactions – part I

Topic 6. Legal contract & international transactions – part II

Topic 7.  International trade customs & rules

Topic 8. Transport and logistics

Topic 9. Transport documents in international transactions

Topic 10. Trade documents in international transaction

Topic 11. Foreign exchange and international transactions

Topic 12. Rick management in international transaction

Topic 13. Finance & payments of international trade – part I

Topic 14. Finance & payments of international trade – part II

Topic 15. Finance for export (short, medium and long)

Seminar:

Topic 1. International business and the global economy - practical analysis

Topic 2. International economic transactions – practical analysis

Topic 3. Export plan - practical analysis

Topic 4. Cultural differences and international business - practical analysis

Topic 5. Legal contract & international transactions - practical analysis

Topic 6.  Trade customs & rules - practical analysis

Topic 7. Transport and logistics - practical analysis

Topic 8. Trade documents in international transaction - practical analysis

Topic 9. Foreign exchange and international transactions - practical analysis

Topic 10. Finance & payments of international trade - practical analysis

Aims of the course: 

Student defines main subjects and problems of international economic relations and international business

Student knows all stages connected with preparation, realization and financial settlements of international economic transactions

Student knows basic rules withe reference to the sales contract preparation

Students characterizes financial settlement techniques and sources of financing for international business activity

Student knows international basic international rulet and customs existing in the international business environment

 

Student effectively looks for business and economic data of international markets and foreign trade partners

Student is able to use appropriate analytical methods to evaluate foreign markets and foreign trade partners

Student is able to use in practice selected international trade rules and customs

Student prepares basic documents for international transactions 

Student is capable to effectively negotiate selected international business issues with foreign partners

Student is capable to execute effectively basic transactions with foreign partners

 

Student is prepared to take rational business decisions and solve selected business problems

Student is able to cooperate in a group executing business tasks

Teaching methods: 

Lectures with multimedia presentations, practical activities, case studies, strategic games and simulations, project, discussions, group tasks, formal tasks

Evaluation & Completion: 

Evaluation components of the practical part includes: presentation (20% of the total number of points), export plan project (60% of the total number of points),  class activity (20% of the total number of points).

Exam: test (to pass the exam it is necessary to collect 60% of the total number of points). 

Basic Literature: 

Ball, D.A., McCulloch, W.H., Geringer, M.J., Minor, M.S., McNett, J.M., 2007. International Business: the challeng of global competition, McGraw-Hill, International Edition.

Grath, A, 2005. International Trade Finance: the complete guide to risk management, international payments, guarantees, credit insurance and trade finance, The Institute of Export, Peterborough.

Brakman, S., Garretsen H., Marrewijk Ch., 2006. Nations and firms in the global economy, an introduction to international economics and business, Cambridge University Press, Cambridge and New York.

Watson, A., 1998. Finance of International Trade, Financial World Publishing; 5Rev Edition.

Additional Literature: 

Krugman, P., Obstfeld, M., 2006. International Economics: theory and policy, Pearson International Edition.

Pilbeam, K., 2006. International finance, Third Edition, Palgrave MacMillan, New York.

REUTERS, 1999. Foreign Exchange & Money Markets, John Willey & Sons Ltd.

Moosa I.A., 2004. International Finance: an analytical approach, McGraw-Hill, Australia.