| 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
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| Course Content: |
At the end of this course the student will be able to:
• 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
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| Week |
Subject |
Related Preparation |
| 1) |
• Describe the course.
• Define the international trade.
• Describe the complexity of international trade.
• Discuss the number of countries involved in international trade.
• Syllabus.
• Understand the meaning of international trade.
• Describe the geography of international trade.
• Explain the complexity of international trade.
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Review of the track.
Completion of the library orientation process. Verification of completion.
Reading chapter 1.1 and 1.2. |
| 2) |
• Understand the increasing importance of international trade.
• Describe the trajectory of international trade compared to world GDP.
• Identify the huge surge of international trade after 1970s.
• Decsribe the varying importance of international trade for individual countries.
• Understand who trade with whom.
• Describe the changing pattern of international trade.
• Identify largest importers and exporters.
• 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.
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Section 1.3 Read. |
| 3) |
• Understand the reasons of increasing importance of international trade.
• List the important agreements and institutions for international trade.
• 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.
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Section 1.5 should be read. |
| 4) |
• Describe the main theories of international trade
• Compare the main theories of international trade
• Explain mercantilism.
• Understand absolute advantage theory of Adam Smith.
• Define the comparative advantage theory.
• Explain factor endowment and international product life cycle theories.
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Reading sections 6.1, 6.2 and 6.3. |
| 5) |
• Describe the need for international commercial terms (Incoterms).
• Explain the choice of Incoterms
• Define Incoterms.
• Explain the Incoterm strategy
• Differentiate between Incoterms 2000 and 2010
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Reading sections 6.4 and 6.10. |
| 6) |
• Classify Incoterms.
• Understand and compare groups of Incoterms.
• Differentiate between the transfer of costs and risk.
• Understand all modes and marine transport classification.
• Define Incoterms that are applicable to all modes.
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Reading sections 6.11 and 6.17. |
| 7) |
• List the common errors in Incoterms usage.
• Outline the costs and responsibilities of Incoterms.
• Define Incoterms that are applicable to marine transport.
• Summarize the responsibilities of Incoterms.
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No. |
| 8) |
• Midterm Exam
• Describe the complexity of international trade.
• Discuss the number of countries involved in international trade.
• Describe the changing pattern of international trade.
• Understand the increasing importance of international trade.
• Understand the reasons of increasing importance of international trade.
• List the important agreements and institutions for international trade.
• Describe the main theories of international trade.
• Compare the main theories of international trade.
• Understand and compare groups of Incoterms.
• 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.
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Reading sections 7.1 and 7.3. |
| 9) |
• Identify the risks in international trade and ethical issues.
• Discuss the balance between commercial risk and the risk of losing business
• 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.
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Reading sections 7.4, 7.5 and 7.8. |
| 10) |
• Understand different ways of payment in international trade.
• Describe and compare open account, cash in advance and documentary collection.
• Discuss the applicability of different Terms of Payment.
• List the terms of payment.
• Define open account.
• Define cash in advance.
• Describe documentary collection
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Reading sections 7.6 and 7.7. |
| 11) |
• Understand the need for Letter of Credit.
• Illustrate the process of Letter of Credit
• List different types of Letter of Credit
• 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
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Reading sections 9.1, 9.2 and 9.3. |
| 12) |
• Understand the documentation requirement.
• Define the types of documents.
• Define the types of invoices.
• List the items of invoices.
• Describe the documentation requirement.
• List the types of invoices.
• Define the pro-forma invoice.
• Describe the commercial invoice.
• Understand the consular invoice.
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Reading chapter 9.4. |
| 13) |
• Describe the import documents.
• Understand why they are required.
• List the import documents
• Define certificate of origin.
• Describe certificate of inspection.
• Understand phyto-sanitary certificate.
• Define certificate of manufacture.
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Reading chapter 9.5. |
| 14) |
• Describe the transportation documents.
• Understand why they are required.
• List the transportation documents.
• Define ocean bill of lading.
• Define airway bill.
• Describe charter party.
• Define packing list.
• Understand manifest.
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No. |
| 15) |
• Evaluate students via final exam
• Understand the complexity of international trade.
• List the important agreements and institutions for international trade.
• Explain the choice of Incoterms.
• Outline the costs and responsibilities of Incoterms.
• Identify the risks in international trade.
• Understand different ways of payment in international trade.
• Define the types of documents.
• 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.
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No. |
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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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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 |
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ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
