Economics and Finance(English)
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: UTIC302
Course Name: Dış Ticaret Finansmanı
Course Semester: Spring
Course Credits:
Theoretical Practical Credit ECTS
3 0 3 6
Language of instruction: TR
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 : Dr.Öğr.Üyesi AYŞE NUR TOPÇUOĞLU
Course Lecturer(s):
Course Assistants:

Course Objective and Content

Course Objectives: Understanding the financial aspect of international trade. It explains how business owners and partners can access the necessary financial resources to develop their businesses when starting trade and at later stages.
Course Content: This course aims to provide fundamental knowledge on the financing of foreign trade. Designed to prepare students for the use of these techniques, this course aims to teach them how to determine financing needs and select the appropriate financial instruments to meet those needs.

It aims to examine the product in depth by considering all risks and transactions.

This course also seeks to create awareness of various international trade instruments that help deal with the risks associated with international trade transactions from both the buyer's and seller's perspectives and assist in selecting the right financial product.

Students will also develop the ability to identify methods for analyzing the main risks associated with trade finance transactions.

Students will gain knowledge and skills regarding incentive systems, including what export incentives are and how to utilize them.

Additionally, alternative financing options such as buyer credits, export credit insurance, project financing, and Turkish Eximbank products will be covered.

Moreover, students will explore other financial products such as factoring, forfaiting, financial leasing, and acceptance credits.

Through individual studies and case analyses, students will be able to connect theories with real-world applications and gain a more comprehensive understanding of the topics.

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) Analyzes the methods of international trade financing.
2) Explains the types of loans provided within the banking system.
3) Examines the documents that serve as a basis for documented loans (VRHIB, DIIB, YTB).
4) Describes foreign exchange and pre-financing loans within national legislation.
5) Explains non-cash loans provided within the banking system.
6) Analyzes alternative financing methods and selecting the right financing option.
7) Identifies and lists key aspects of trade finance and credit operations within the Turkish banking system.
8) Explains government support and assistance provided to exporters.
9) Discusses and analyzes the risks of various financing techniques used in international business.
10) Defines and classifies Turkey’s target markets.
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 Discussion of Course Content Definition of the Entire Outline Definition of Export, Sales and Deliveries Considered as Export, Foreign Exchange Earning Services and Activities – Understanding the Incentive System none
2) Loans Used for Export and Import Financing Loans Provided Through the Domestic Banking System and Loans Obtained from Abroad and Processed Through the Turkish Banking System Foreign Exchange Loans, Export Loans, Pre-financing Loans (Principles of Loan Opening, Closing, Utilization, and Monitoring) none
3) Explanation of Documented/Non-Documented Loans Explanation of the Inward Processing Regime and Related Incentive Legislation Impact of This Regime on International Trade Documents Issued Under This Regime (D/1 Coded DIIB - D3 Coded DIIB) -
4) Definition and Types of Discounting (Adi İştira/Kırdırma) Explanation of Collection Methods and Their Outcomes (With Recourse - Without Recourse) Assessment of Risks and Gains Definition of System Functionality Explanation of Processes and Transactions Providing Operational Information Sources Related to the Topic -
5) Examination of Hermes, Coface, Casce-Sace, GSM 102-GSM 103 credits, and analysis of imports within the scope of post-financing -
6) Factoring – Forfaiting • Factoring • Forfaiting • Examination of Basic Concepts and Applications • Identification of Differences -
7) Examination of Assets Subject to Leasing (e.g., Goods, Real Estate, etc.) • Analysis of Items Not Eligible for Leasing • Who Can Use Leasing and Who Provides It • Examination of Leasing Conditions -
8) Domestic Credit Foreign Credit Foreign Currency Credit Operating (Working Capital) Credit MİDTERM EXAM -
9) • Examination of the Loans Provided by Turkish Eximbank • Pre-Shipment Export Credits • Turkish Eximbank Export Credit Instruments and Export Financing • Export Credit Insurance -
10) Guarantee Letters Issued Based on Counter Guarantees • Structure • Functioning • Legal Framework • Public Procurement Law • Types • Definition of a Guarantee Letter • Issuance Methods and Mechanisms of Guarantee Letters • Discussion on the Role and Importance of Guarantee Letters in International Trade • Parties Involved in Guarantee Letters, Increase and Decrease of Amount, Return of the Letter, Extension of Validity, Subject Changes, etc. • External Guarantees / Counter Guarantees Types of Guarantees: • Tender / Bid Bonds • Performance Bonds • Retention Money Guarantees • Advance Payment Guarantees • Maintenance Guarantees • Counter Guarantees • Risks in Guarantees • Definitions Related to Guarantees • Banking Practices • Uniform Rules for Demand Guarantees – ICC Publication No. 758 • Risks Faced by Banks • Guarantee Letters Issued Upon Foreign Bank Counter Guarantees • External Guarantees -
11) •Clearing - Barter • Switch • Buy Back • Offset • Cash Payment • Hedging • Speculation • Manipulation • Arbitrage • Swap • Futures • Options • Crowdfunding • Venture Capital • Angel Investment -
12) Next Generation Supports Branding and Design Supports -
13) Examination of Application Forms Application Process Review of Goods and Services Supports via the Easy Support Platform -
14) SME and Clustering Supports • Export Cockpit • Trade Fair Supports • Support Management System • E-Export Supports -FİNAL EXAM- -

Sources

Course Notes / Textbooks: Kitaplar :
Akgüç, Öztin , Dış Ticaretin Finansmanı, Arayış Yayınları, Ankara, 2017 ıı.baskı

Destekleyici Kaynaklar ( OLB’ye eklenen ders notları)
Ders Destek Dökümanı. 1 Trade Finance Guide, A Quick Reference for U.S. Exporters
Ders Destek Dökümanı. 2 Sermaye Hareketleri Tebliği
Ders Destek Dökümanı. 3 Türk Eximbank Kredileri
Ders Destek Dökümanı 4 İhracat Kredileri-Alternatif Finansman teknikleri ders notları
(Ayşenur Topçuoğlu)
www.tcmb.gov.tr
www.ticaret.gov.tr
www.tim.org.tr
www.hazine.gov.tr,
www.turkeximbank.gov.tr
References: Kitaplar :
Akgüç, Öztin , Dış Ticaretin Finansmanı, Arayış Yayınları, Ankara, 2017 ıı.baskı

Destekleyici Kaynaklar ( OLB’ye eklenen ders notları)
Ders Destek Dökümanı. 1 Trade Finance Guide, A Quick Reference for U.S. Exporters
Ders Destek Dökümanı. 2 Sermaye Hareketleri Tebliği
Ders Destek Dökümanı. 3 Türk Eximbank Kredileri
Ders Destek Dökümanı 4 İhracat Kredileri-Alternatif Finansman teknikleri ders notları
(Ayşenur Topçuoğlu)
www.tcmb.gov.tr
www.ticaret.gov.tr
www.tim.org.tr
www.hazine.gov.tr,
www.turkeximbank.gov.tr
Ders notlerım(O'learn'e yüklenmiştir)

Course-Program Learning Outcome Relationship

Learning Outcomes

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8

9

10
Program Outcomes
1) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models.
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.
3) Explain the evolution of financial markets and institutions in a historical context and define how they operate.
4) Recognise the basic principles and regulations in the financial sector.
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures.
6) Recognise, interpret and discuss the current economic issues both at the national and global levels.
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication.
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
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.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models.
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.
3) Explain the evolution of financial markets and institutions in a historical context and define how they operate.
4) Recognise the basic principles and regulations in the financial sector.
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures.
6) Recognise, interpret and discuss the current economic issues both at the national and global levels.
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication.
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
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.

Learning Activity and Teaching Methods

Reading
Homework
Problem Solving
Q&A / Discussion

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Homework
Application

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Quizzes 3 % 15
Homework Assignments 3 % 10
Midterms 3 % 25
Final 3 % 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 14 42
Study Hours Out of Class 16 112
Homework Assignments 4 4
Quizzes 2 4
Midterms 2 4
Final 2 4
Total Workload 170