FOREIGN TRADE(ENGLISH) | |||||
Associate | TR-NQF-HE: Level 5 | QF-EHEA: Short Cycle | EQF-LLL: Level 5 |
Course Code: | MFTR206 | ||||||||
Course Name: | Foreign Trade Finance | ||||||||
Course Semester: | Spring | ||||||||
Course Credits: |
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Öğr.Gör. MÜRÜVVET AKAR | ||||||||
Course Lecturer(s): |
Öğr.Gör. JÜLİDE ÖNGÜÇ |
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Course Assistants: |
Course Objectives: | The aim of this course is; "Increasing openness and interdependence among countries" could be a simple definition of globalization. This process has many causes and effects (cultural, technological, political, environmental, etc.), but is widely accepted as the most advanced dimension of finance. Of course, the focus is on real world applications to understand the international finance theory and to see it from another angle. It is necessary to understand foreign exchange markets and world capital markets (banking, debt and equity) and to carry out good and effective management of the financial firm. |
Course Content: | Define and determine the bases and meanings of the instruments of international trade financing • Be aware of the important criteria in the selection of the best of the various financing alternatives • Describe the fundamentals of foreign trade financing and credit operations in the banking system • Explaining and discussing the risks of various financing techniques in international business life |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | Disclosure of the theme for Foreign Trade Countries • Explaining the basic concepts related to foreign trade | Lecture Notes |
2) | • Discussion of the contribution of exports to the country's economy • Concepts and institutions used in foreign trade | Lecture Notes |
3) | • Identification of documents used in foreign trade • Explanation of delivery forms used in foreign trade • Discussion of the issue of financing of documents and delivery forms | Lecture Notes |
4) | • Defining payment styles in foreign trade • Explanation of role of banks in payment methods • Understand the key factors of payment method preferences | Lecture Notes |
5) | • Identification of letters of credit • Functioning of the letter of credit payment system • Disclosure of letter of credit types • Role and disclosure of parties in the letter of credit • Determination of the risks in the letter of credit | LEcture Notes |
6) | • Disclosure of short-term financing of exports • Identification of short term financing instruments before shipment • Identification of post-shipment shortterm financing instruments | Lecture notes |
7) | • Understanding Eximbank activities, functions and objectives • Providing information about Eximbank credit types and export insurances | Lecture notes |
8) | Midterm exam | |
9) | Information on medium and long term financing of exports • Define the methods of financing before and after shipment | Lecture Notes |
10) | • Understanding of alternative financing techniques in foreign trade • Factoring, forfaiting, description of leasing vehicles, explanations of their functioning and usage areas | Lecture Notes |
11) | • Getting information about the financing methods of imports • Selection of pre-import and post-import financing instruments | Lecture Notes |
12) | Disclosure of ECA Country credits and state benefits | LEcture Notes |
13) | • To obtain information on letters of guarantee and letters of guarantee used in foreign trade. • Disclosure of risks and methods of risk protection in foreign trade | LEcture Notes |
14) | • Definition of the guarantee letter and the parties and types of guarantee letter • Letters of guarantee used in foreign trade, external guarantees and counterguarantees, and stand-by letter of credit • Foreign trade risk mitigation methods, hedging: forward, futures, swap, option | Lecture Notes |
15) | Final exam |
Course Notes / Textbooks: | Okuma materyali, ödev fotokopileri ile birlikte haftalık olarak verilecektir. Reading material will be given on weekly basis together with the assignment sheets |
References: | Ferudun Kaya, Dış Ticaret ve Finansmanı |
Learning Outcomes | 1 |
2 |
3 |
4 |
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Program Outcomes | ||||||||||
1) Being knowledgeable in the field of foreign trade and knowing the various documents used | ||||||||||
2) Having basic knowledge about export and customs legislation | ||||||||||
3) Having the knowledge of associating foreign trade with logistics management | ||||||||||
4) To have knowledge about international trade organizations and European Union | ||||||||||
5) To have knowledge of foreign trade financing | ||||||||||
6) To have the practice of researching and reporting information with graduation Project | ||||||||||
7) Being conscious about Atatürk Principles and having knowledge about History of Turkish Revolution | ||||||||||
8) To have basic knowledge in business administration and vision of international business | ||||||||||
9) To have knowledge about basic methods used in financial accounting | ||||||||||
10) Having effective communication skills in oral and written | ||||||||||
11) Use at least one foreign language as scientific language |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Being knowledgeable in the field of foreign trade and knowing the various documents used | 3 |
2) | Having basic knowledge about export and customs legislation | |
3) | Having the knowledge of associating foreign trade with logistics management | |
4) | To have knowledge about international trade organizations and European Union | |
5) | To have knowledge of foreign trade financing | 5 |
6) | To have the practice of researching and reporting information with graduation Project | |
7) | Being conscious about Atatürk Principles and having knowledge about History of Turkish Revolution | |
8) | To have basic knowledge in business administration and vision of international business | |
9) | To have knowledge about basic methods used in financial accounting | |
10) | Having effective communication skills in oral and written | |
11) | Use at least one foreign language as scientific language |
Expression | |
Lesson | |
Project preparation |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Individual Project |
Semester Requirements | Number of Activities | Level of Contribution |
Midterms | 1 | % 40 |
Final | 1 | % 60 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 40 | |
PERCENTAGE OF FINAL WORK | % 60 | |
total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 1 | 3 | 3 |
Midterms | 1 | 1 | 1 |
Final | 1 | 1 | 1 |
Total Workload | 5 |