ITRD201 Fundamentals of International TradeIstanbul Okan UniversityDegree Programs New MediaGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
New Media
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: ITRD201
Course Name: Fundamentals of International Trade
Course Semester: Fall
Course Credits:
Theoretical Practical Credit ECTS
3 0 3 6
Language of instruction: EN
Course Requisites:
Does the Course Require Work Experience?: No
Type of course: University Elective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
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
Course Assistants:

Course Objective and Content

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

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) • Explain the development of world trade and list its main features
2) • Recall and explain main approaches to trade
3) • Memorize, explain and compare Incoterms 2010
4) • Memorize, explain and compare terms of payment and ethical issues
5) • Recall, list and describe international commercial documents
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

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.

Sources

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

Course-Program Learning Outcome Relationship

Learning Outcomes

1

2

3

4

5

Program Outcomes
1) 1. Acquainting oneself with technologic developments which have effect on new media area. 2. Gaining the theoretical infrastructure controling the influence flow within social media, society and digital culture. 3. Implementing digital communication on productive and strategic projects by using the right applications. 4. Wining theoretical and factual infrastructure to use data which can reach the right information in an ethical way.
2) 1.Designing, strategizing and managing related processes as an active actor of the new media at the center of all transformations and changes, especially production, marketing, journalism, social relations. 2.Being able to comprehend the interdisciplinary structure of the new media and the tendency to work with traditional media such as newspapers, radio and TV, and to produce interactive content in this direction. 3.Generating a new generation of news in the context of news gathering and writing transformations; to be a new media correspondent, editor or producer in newspapers, radio or TV institutions carrying publishing activities on the Internet and mobile media. 4.Designing, producing and implementing content for public and private organizations with disciplines as public relations, trade, advertising for effective reach to target audience, productivity and competitive advantage. 5. Solving the crisis based new media at the institutions and to produce parallel strategies to the new situation. 6.Portal management, learning and implementation of stages in web design areas.
3) 1.Entrepreneurship that to be able to present thoughts and creativity in all new media platforms like web, newspaper, blog, e-commerce. 2.Informative, entertaining content production based on social existence, sharing and interaction in social media. 3.To be able to perform the profession as a team member and fulfill the responsibilities, while remaining committed to ethical values. 4.Paying attention to the fair representation of the views of all parties within the framework of accountability, equal approach to the parties and not misleading.
4) 1. Comprehension of media literacy skills in the process of news gathering. 2. Learning how to effectively use and develop new media platforms. 3. Comprehension of conceptual connections between media and politics 4. To be able to understand and question the basic principles of mass communication and the place and importance of mass communication. 5. Developing a perspective of being able to analyze and tired of economic politics, social, political and cultural influences of mass communication.
5) 1. communicating with digital agencies about new media projects in order to be a part of the solution. 2. Sharing the solution suggestions on communication area using qualitative and quantitative research. 3. Organizing and implementing projects and events for one'ssocial environment using the digital communication formats in a creative way.
6) 1. Understanding the basic principles and doctrines of communication and foprming a point of view. 2. Understanding and evaluating theoritical approach on communication. 3. Comprehension of criticism on media theories. 4. In Turkey and in the world assessing industry 4.0 strategies, Making the analysis of the practices. 5. Solving possible crises in the institutions by evaluating all technological, political and economic developments that will affect the new media field and producing parallel strategies to the new situation

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) 1. Acquainting oneself with technologic developments which have effect on new media area. 2. Gaining the theoretical infrastructure controling the influence flow within social media, society and digital culture. 3. Implementing digital communication on productive and strategic projects by using the right applications. 4. Wining theoretical and factual infrastructure to use data which can reach the right information in an ethical way.
2) 1.Designing, strategizing and managing related processes as an active actor of the new media at the center of all transformations and changes, especially production, marketing, journalism, social relations. 2.Being able to comprehend the interdisciplinary structure of the new media and the tendency to work with traditional media such as newspapers, radio and TV, and to produce interactive content in this direction. 3.Generating a new generation of news in the context of news gathering and writing transformations; to be a new media correspondent, editor or producer in newspapers, radio or TV institutions carrying publishing activities on the Internet and mobile media. 4.Designing, producing and implementing content for public and private organizations with disciplines as public relations, trade, advertising for effective reach to target audience, productivity and competitive advantage. 5. Solving the crisis based new media at the institutions and to produce parallel strategies to the new situation. 6.Portal management, learning and implementation of stages in web design areas.
3) 1.Entrepreneurship that to be able to present thoughts and creativity in all new media platforms like web, newspaper, blog, e-commerce. 2.Informative, entertaining content production based on social existence, sharing and interaction in social media. 3.To be able to perform the profession as a team member and fulfill the responsibilities, while remaining committed to ethical values. 4.Paying attention to the fair representation of the views of all parties within the framework of accountability, equal approach to the parties and not misleading.
4) 1. Comprehension of media literacy skills in the process of news gathering. 2. Learning how to effectively use and develop new media platforms. 3. Comprehension of conceptual connections between media and politics 4. To be able to understand and question the basic principles of mass communication and the place and importance of mass communication. 5. Developing a perspective of being able to analyze and tired of economic politics, social, political and cultural influences of mass communication.
5) 1. communicating with digital agencies about new media projects in order to be a part of the solution. 2. Sharing the solution suggestions on communication area using qualitative and quantitative research. 3. Organizing and implementing projects and events for one'ssocial environment using the digital communication formats in a creative way.
6) 1. Understanding the basic principles and doctrines of communication and foprming a point of view. 2. Understanding and evaluating theoritical approach on communication. 3. Comprehension of criticism on media theories. 4. In Turkey and in the world assessing industry 4.0 strategies, Making the analysis of the practices. 5. Solving possible crises in the institutions by evaluating all technological, political and economic developments that will affect the new media field and producing parallel strategies to the new situation

Learning Activity and Teaching Methods

Field Study
Peer Review
Expression
Brainstorming/ Six tihnking hats
Individual study and homework
Lesson
Reading
Homework
Report Writing
Q&A / Discussion
Social Activities

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Oral Examination
Application
Presentation
Reporting
Case study presentation

Assessment & Grading

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

Workload and ECTS Credit Grading

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