| 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) |
He/she has in-depth information required by the legal, social and environmental framework in which all transportation operations, especially aviation, are involved. |
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| 2) |
He/she has advanced theoretical and practical knowledge, supported by books, equipment and other sources containing up-to-date information on air transportation / logistics. |
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| 3) |
He/she has sufficient knowledge for the technical aspects of air transportation and logistics. |
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| 4) |
He/she has sufficient legal knowledge on basic issues related to international trade and business. |
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| 5) |
He/she uses theoretical and practical knowledge in aviation business management, logistics, transportation and business management solutions together. |
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| 6) |
He/she uses theoretical and applied knowledge in mathematics, science and transportation together to solve operational problems. |
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| 7) |
He/she identifies, defines, formulates and solves basic problems related to the field of air transportation / logistics. For this purpose, he/she selects and applies appropriate analytical methods and modeling techniques. |
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| 8) |
He/she analyzes a system, system component or process and designs it under realistic constraints to meet desired requirements; applies modern design methods accordingly. |
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| 9) |
He/she selects and uses modern and technical tools required for basic applications in air transportation / logistics. |
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| 10) |
He/she independently conducts a comprehensive advanced level study in air transportation / logistics. |
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| 11) |
He/she accesses information by doing research, uses databases and other information resources. |
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| 12) |
He/she works effectively in multidisciplinary teams and takes responsibility. |
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| 13) |
He/she plans project development studies in the field and manages related activities. |
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| 14) |
He/she organizes, plans and directs teamwork in air transportation / logistics related comprehensive projects. |
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| 15) |
With the awareness of the necessity of life-long learning, he/she follows science and technology developments in aviation management, logistics and transportation and renews himself/herself constantly. He/she also evaluates the knowledge / skills acquired in the field with a critical thinking. |
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| 16) |
He/she works individually and in multi-disciplinary teams in aviation management, national and international transportation and logistics environments both in theoretical and applied fields. |
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| 17) |
He/she selects and uses modern and technical tools necessary for air transport / logistics applications. |
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| 18) |
He/she communicates effectively with relevant people and institutions, being aware of the universal and social effects of applications and solutions in the aviation field. |
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| 19) |
He/she develops solutions to problems and shares his ideas in writing and verbally, supporting them with quantitative and qualitative data. |
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| 20) |
He/she has a comprehensive understanding about management of aviation companies, safety and security issues in aviation, air law, airport operations and technical aspects of aviation specific applications. |
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| 21) |
He/she is aware of the aviation principles and values. He/she has professional and ethical responsibility. |
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ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
