Genetics and Bioengineering (English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | ITRD201 | ||||||||
Course Name: | Fundamentals of International Trade | ||||||||
Course Semester: | Fall | ||||||||
Course Credits: |
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Prof. Dr. NURİYE ZEYNEP ÖKTEN | ||||||||
Course Lecturer(s): |
Öğr.Gör. MEHMET NAİL ŞENCAN Öğr.Gör. JÜLİDE ÖNGÜÇ Dr. Hakan ÇORA |
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Course Assistants: |
Course Objectives: | The purpose of this course is to prepare students to be managers for the increasingly competitive international trade world. The emphasis of this course will be on approaches to and, operations and procedures of international trade. Through chapters, readings, and case analyses, we will discuss issues related to basic theoretical approaches to international trade, terms of trade or Incoterms, terms of payment, international commercial documents. During the lectures, students will be taking on leadership responsibilities and work with other people in teams while developing their oral communication abilities and presentation skills. |
Course Content: | • Explain the development of world trade and list its main features • Recall and explain main approaches to trade • Memorize, explain and compare Incoterms 2010 • Memorize, explain and compare terms of payment and ethical issues • Recall, list and describe international commercial documents |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | • Syllabus. • Understand the meaning of international trade. • Describe the geography of international trade. • Explain the complexity of international trade. | |
2) | • Illustrate the importance of international trade. • Identify the varying importance of international trade for individual countries. • Explain the changing patterns of international trade. • List the largest exporting and importing countries. • Explain the changing composition of trade. | |
3) | • List the reasons of increasing importance of international trade. • Describe the four milestones of international trade. • Explain regional trade blocs. • Define the multinational corporations and outsourcing. | |
4) | • Explain mercantilism. • Understand absolute advantage theory of Adam Smith. • Define the comparative advantage theory. • Explain factor endowment and international product life cycle theories. | |
5) | • Define Incoterms. • Explain the Incoterm strategy • Differentiate between Incoterms 2000 and 2010 | |
6) | • Understand all modes and marine transport classification. • Define Incoterms that are applicable to all modes. | |
7) | • Define Incoterms that are applicable to marine transport. • Summarize the responsibilities of Incoterms. | |
8) | • Describe the geography of international trade. • Illustrate the importance of international trade. • Explain the changing patterns of international trade. • Define the main theories of international trade. • Define Incoterm rules. | |
9) | • Understand why there are risks in international trade. • Define the types of risks in international trade. • Describe the balance between commercial risk and the risk of losing business. | |
10) | • List the terms of payment. • Define open account. • Define cash in advance. • Describe documentary collection | |
11) | • Define the Letter of Credit • Describe the process of Letter of Credit • Define the types of Letter of Credit • Discuss the applicability of Letter of Credit | |
12) | • Describe the documentation requirement. • List the types of invoices. • Define the pro-forma invoice. • Describe the commercial invoice. • Understand the consular invoice. | |
13) | • List the import documents • Define certificate of origin. • Describe certificate of inspection. • Understand phyto-sanitary certificate. • Define certificate of manufacture. | |
14) | • List the transportation documents. • Define ocean bill of lading. • Define airway bill. • Describe charter party. • Define packing list. • Understand manifest. | |
15) | • Final Exam • Describe the geography of international trade. • Describe the four milestones of international trade. • Define the types of risks in international trade. • List the terms of payment. • Describe the process of Letter of Credit • List the import documents. • List the types of invoices. • List the transportation documents. |
Course Notes / Textbooks: | International Logistics: Management of International Trade Operations, 2ND EDITION ©2013 Atomic Dog Pierre A. David and Richard D. Stewart ISBN-10: 0989490602 |
References: | International Logistics: Management of International Trade Operations, 2ND EDITION ©2013 Atomic Dog Pierre A. David and Richard D. Stewart ISBN-10: 0989490602 |
Learning Outcomes | 1 |
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Program Outcomes | ||||||||||
1) Sufficient knowledge in mathematics, science and engineering related to their branches; and the ability to apply theoretical and practical knowledge in these areas to model and solve engineering problems. | ||||||||||
2) The ability to identify, formulate, and solve complex engineering problems; selecting and applying appropriate analysis and modeling methods for this purpose. | ||||||||||
3) The ability to design a complex system, process, device or product under realistic constraints and conditions to meet specific requirements; the ability to apply modern design methods for this purpose. (Realistic constraints and conditions include such issues as economy, environmental issues, sustainability, manufacturability, ethics, health, safety, social and political issues, according to the nature of design.) | ||||||||||
4) Ability to develop, select and use modern techniques and tools necessary for engineering applications; ability to use information technologies effectively. | ||||||||||
5) Ability to design experiments, conduct experiments, collect data, analyze and interpret results to examine engineering problems or discipline-specific research topics. | ||||||||||
6) The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill. | ||||||||||
7) Effective communication skills in Turkish oral and written communication; at least one foreign language knowledge; ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give and receive clear and understandable instructions. | ||||||||||
8) Awareness of the need for lifelong learning; access to knowledge, ability to follow developments in science and technology, and constant self-renewal. | ||||||||||
9) Conform to ethical principles, and standards of professional and ethical responsibility; be informed about the standards used in engineering applications. | ||||||||||
10) Awareness of applications in business, such as project management, risk management and change management; awareness of entrepreneurship, and innovation; information about sustainable development. | ||||||||||
11) Information about the universal and social health, environmental and safety effects of engineering applications and the ways in which contemporary problems are reflected in the engineering field; awareness of the legal consequences of engineering solutions. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Sufficient knowledge in mathematics, science and engineering related to their branches; and the ability to apply theoretical and practical knowledge in these areas to model and solve engineering problems. | |
2) | The ability to identify, formulate, and solve complex engineering problems; selecting and applying appropriate analysis and modeling methods for this purpose. | |
3) | The ability to design a complex system, process, device or product under realistic constraints and conditions to meet specific requirements; the ability to apply modern design methods for this purpose. (Realistic constraints and conditions include such issues as economy, environmental issues, sustainability, manufacturability, ethics, health, safety, social and political issues, according to the nature of design.) | |
4) | Ability to develop, select and use modern techniques and tools necessary for engineering applications; ability to use information technologies effectively. | |
5) | Ability to design experiments, conduct experiments, collect data, analyze and interpret results to examine engineering problems or discipline-specific research topics. | |
6) | The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill. | |
7) | Effective communication skills in Turkish oral and written communication; at least one foreign language knowledge; ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give and receive clear and understandable instructions. | |
8) | Awareness of the need for lifelong learning; access to knowledge, ability to follow developments in science and technology, and constant self-renewal. | |
9) | Conform to ethical principles, and standards of professional and ethical responsibility; be informed about the standards used in engineering applications. | |
10) | Awareness of applications in business, such as project management, risk management and change management; awareness of entrepreneurship, and innovation; information about sustainable development. | |
11) | Information about the universal and social health, environmental and safety effects of engineering applications and the ways in which contemporary problems are reflected in the engineering field; awareness of the legal consequences of engineering solutions. |
Field Study | |
Peer Review | |
Expression | |
Brainstorming/ Six tihnking hats | |
Individual study and homework | |
Lesson | |
Reading | |
Homework | |
Report Writing | |
Q&A / Discussion | |
Social Activities |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Oral Examination | |
Application | |
Presentation | |
Reporting | |
Case study presentation |
Semester Requirements | Number of Activities | Level of Contribution |
Project | 1 | % 10 |
Midterms | 1 | % 40 |
Final | 1 | % 50 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 15 | 45 |
Study Hours Out of Class | 15 | 60 |
Project | 1 | 12 |
Homework Assignments | 6 | 12 |
Quizzes | 4 | 2 |
Midterms | 1 | 15 |
Final | 1 | 22 |
Total Workload | 168 |