International Trade (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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4 |
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Program Outcomes | |||||||||||
1) To have theoretical and practical knowledge at the basic level supported by textbooks, application tools and other resources with current knowledge in the field based on the qualifications gained at the secondary level. | |||||||||||
2) - To gain the ability to use the theoretical and practical knowledge at the basic level at an advanced level or at the same level in the same field. - To be able to interpret and evaluate the data by using the basic knowledge and skills acquired in the field, to identify and analyze the problems, to develop solutions based on evidence. | |||||||||||
3) - To be able to convey his / her thoughts on basic knowledge and skills at the level of written and verbal communication. - To share his / her thoughts and solutions to the problems related to his / her field with experts and non-experts. - To be able to follow information in the field and communicate with colleagues by using a foreign language at least at a level of European Language Portfolio A2 General Level. - To be able to use information and communication technologies together with computer software at the basic level of European Computer Driving License required by the field. | |||||||||||
4) - To be able to evaluate the basic knowledge and skills acquired in the field with a critical approach, to determine and meet the learning needs. - To be able to direct his / her education to an advanced level of education in the same field or to a profession at the same level. - Not to have gained awareness of lifelong learning. | |||||||||||
5) - To have social, scientific, cultural and ethical values in the stages of collecting, applying and announcing the data related to the field. - To have sufficient awareness of the universality of social rights, social justice, quality and cultural values, environmental protection, occupational health and safety. | |||||||||||
6) - To be able to conduct a basic level study independently. - To be able to take responsibility as a team member to solve unforeseen complex problems encountered in the applications related to the field. - To be able to carry out activities for the development of employees working under their responsibility within the framework of a project. | |||||||||||
7) - To have advanced theoretical and practical knowledge supported by textbooks containing current information in the field, application tools and other resources. | |||||||||||
8) To be able to use the advanced theoretical and practical knowledge acquired in the field. - Interpret and evaluate data using the advanced knowledge and skills acquired in the field, identify problems, analyze, develop solutions based on research and evidence. | |||||||||||
9) - To be able to inform the relevant persons and institutions about the related subjects; transfer ideas and solutions to problems in written and orally. - To share his / her thoughts and solutions to the problems related to the field with the experts and non-experts by supporting them with quantitative and qualitative data. -To be able to organize and implement projects and activities for the social environment in which he / she lives with a sense of social responsibility. - To follow the information in his / her field and to communicate with his / her colleagues by using a foreign language at least at the European Language Portfolio B1 General Level. - To be able to use information and communication technologies together with computer software at the Advanced Level of European Computer Driving License required by the field. - To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the data related to the field. - To have sufficient awareness about the universality of social rights, social justice, quality culture and protection of cultural values, environmental protection, occupational health and safety. | |||||||||||
10) - To be able to critically evaluate the advanced knowledge and skills acquired in the field, - Identify learning needs and direct learning. - To develop positive attitudes about lifelong learning. | |||||||||||
11) To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the data related to the field. - To have sufficient awareness about the universality of social rights, social justice, quality culture and protection of cultural values, environmental protection, occupational health and safety | |||||||||||
12) - To be able to conduct an advanced study independently. - To be able to take responsibility as an individual and as a team member to solve unforeseen complex problems encountered in the applications related to the field. - To be able to plan and manage activities for the development of employees working under their responsibility. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | To have theoretical and practical knowledge at the basic level supported by textbooks, application tools and other resources with current knowledge in the field based on the qualifications gained at the secondary level. | 3 |
2) | - To gain the ability to use the theoretical and practical knowledge at the basic level at an advanced level or at the same level in the same field. - To be able to interpret and evaluate the data by using the basic knowledge and skills acquired in the field, to identify and analyze the problems, to develop solutions based on evidence. | 2 |
3) | - To be able to convey his / her thoughts on basic knowledge and skills at the level of written and verbal communication. - To share his / her thoughts and solutions to the problems related to his / her field with experts and non-experts. - To be able to follow information in the field and communicate with colleagues by using a foreign language at least at a level of European Language Portfolio A2 General Level. - To be able to use information and communication technologies together with computer software at the basic level of European Computer Driving License required by the field. | 2 |
4) | - To be able to evaluate the basic knowledge and skills acquired in the field with a critical approach, to determine and meet the learning needs. - To be able to direct his / her education to an advanced level of education in the same field or to a profession at the same level. - Not to have gained awareness of lifelong learning. | 2 |
5) | - To have social, scientific, cultural and ethical values in the stages of collecting, applying and announcing the data related to the field. - To have sufficient awareness of the universality of social rights, social justice, quality and cultural values, environmental protection, occupational health and safety. | 2 |
6) | - To be able to conduct a basic level study independently. - To be able to take responsibility as a team member to solve unforeseen complex problems encountered in the applications related to the field. - To be able to carry out activities for the development of employees working under their responsibility within the framework of a project. | 2 |
7) | - To have advanced theoretical and practical knowledge supported by textbooks containing current information in the field, application tools and other resources. | 2 |
8) | To be able to use the advanced theoretical and practical knowledge acquired in the field. - Interpret and evaluate data using the advanced knowledge and skills acquired in the field, identify problems, analyze, develop solutions based on research and evidence. | 3 |
9) | - To be able to inform the relevant persons and institutions about the related subjects; transfer ideas and solutions to problems in written and orally. - To share his / her thoughts and solutions to the problems related to the field with the experts and non-experts by supporting them with quantitative and qualitative data. -To be able to organize and implement projects and activities for the social environment in which he / she lives with a sense of social responsibility. - To follow the information in his / her field and to communicate with his / her colleagues by using a foreign language at least at the European Language Portfolio B1 General Level. - To be able to use information and communication technologies together with computer software at the Advanced Level of European Computer Driving License required by the field. - To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the data related to the field. - To have sufficient awareness about the universality of social rights, social justice, quality culture and protection of cultural values, environmental protection, occupational health and safety. | 3 |
10) | - To be able to critically evaluate the advanced knowledge and skills acquired in the field, - Identify learning needs and direct learning. - To develop positive attitudes about lifelong learning. | 3 |
11) | To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the data related to the field. - To have sufficient awareness about the universality of social rights, social justice, quality culture and protection of cultural values, environmental protection, occupational health and safety | 3 |
12) | - To be able to conduct an advanced study independently. - To be able to take responsibility as an individual and as a team member to solve unforeseen complex problems encountered in the applications related to the field. - To be able to plan and manage activities for the development of employees working under their responsibility. | 3 |
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 |