| 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: |
• 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) |
• Syllabus.
• Understand the meaning of international trade.
• Describe the geography of international trade.
• Explain the complexity of international trade.
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| 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.
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| 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.
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| 4) |
• 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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| 5) |
• Define Incoterms.
• Explain the Incoterm strategy
• Differentiate between Incoterms 2000 and 2010
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| 6) |
• Understand all modes and marine transport classification.
• Define Incoterms that are applicable to all modes.
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| 7) |
• Define Incoterms that are applicable to marine transport.
• Summarize the responsibilities of Incoterms.
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| 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.
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| 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. |
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| 10) |
• List the terms of payment.
• Define open account.
• Define cash in advance.
• Describe documentary collection
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| 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
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| 12) |
• 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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| 13) |
• List the import documents
• Define certificate of origin.
• Describe certificate of inspection.
• Understand phyto-sanitary certificate.
• Define certificate of manufacture.
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| 14) |
• List the transportation documents.
• Define ocean bill of lading.
• Define airway bill.
• Describe charter party.
• Define packing list.
• Understand manifest. |
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| 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.
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Program Outcomes |
Level of Contribution |
| 1) |
Explain the essential body of knowledge in the area of business administration, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models |
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| 2) |
Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions |
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| 3) |
Recognize the importance of technological development, especially in information technologies, and utilize them in business administration |
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| 4) |
Evaluate the body of knowledge in the dynamic business world and business functional areas to asses needs, manage and lead change by using critical and innovative thinking |
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| 5) |
Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures |
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| 6) |
Fulfill their responsibility in teamwork and projects in businesses, and act as a leader |
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| 7) |
Communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of business administration |
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| 8) |
Recognize individual and multi-cultural diversity, and can emphatically interact with individuals from diverse cultural backgrounds in social and professional settings |
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| 9) |
Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society |
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| 10) |
Recognize interrelationship among business and other disciplines, and relate knowledge from diverse areas to formulate novel solutions in the area of business administration |
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ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
