Foreign Trade in Practice

Structure Type: Course
Code: TIS1201
Type: Compulsory
Level: Bachelor
Credits: 7.0 points
Responsible Teacher: Nahan-Suomela, Rosmeriany
Language of Instruction: English

Course Implementations, Planned Year of Study and Semester

Curriculum  Semester  Credits  Start of Semester  End of Semester
T-IB-2009   2 autumn   3.0   2010-08-24   2010-12-18  
T-IB-2009   2 spring   4.0   2011-01-05   2011-06-17  
T-IB-2010   2 autumn   3.0   2011-08-22   2011-12-23  
T-IB-2010   2 spring   4.0   2012-01-09   2012-06-18  
T-IB-2011   2 autumn   3.0   2012-08-24   2012-12-18  
T-IB-2011   2 spring   4.0   2013-01-05   2013-06-18  
T-IB-2012   2 autumn   3.0        
T-IB-2012   2 spring   4.0        
T-IB-2013   2 autumn   3.0        
T-IB-2013   2 spring   4.0        
IB-2014   2 autumn   3.0        
IB-2014   2 spring   4.0        
IB-2015   2 autumn   3.0        
IB-2015   2 spring   4.0        
IB-2016   2 autumn   3.0        
IB-2016   2 spring   4.0        

Learning Outcomes

To give the student the knowledge and ability of handling international trade issues such as export and import management. He/she gets familiar with drawing up the contract, terms of delivery, trade documentation, transportation, customs, insurance and forwarding in international trade.

Student's Workload

Total work load of the course:189 h
- of which scheduled studies: 91 h
- of which autonomous studies: 98 h
The assesment of student's own learning 1 h is included in contact lessons.

Prerequisites / Recommended Optional Courses

Enterpreneurship

Contents

Export and import plans, contents of a foreign contract. Incoterms. Documents needed in foreign trade. Transportation. Insurance, forwarding and dispatch of goods and customs clearance in international trade.

Recommended or Required Reading

- Seyoum, Belay (Author)-2008 : Export-Import Theory, Practices, and Procedures. International Business Press
- ICC Chamber of Commerce (Author)-Incoterms® 2010
- Reuvid,Jonathan & Sherlock, Jim 2011: The International Trade: An Essential Guide to the Principles and Practice of Export. GMB Publishing Ltd
- Hinkelman, E. 2002 (or the latest version). International Trade Documentation. The Documents of Exporting, Importing, Shipping and Banking. World Trade Press.

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures and project assignments.

Assessment Criteria

5
The student can consistently use, report and discuss the theories and issues of foreign trade. In assignments, the student can apply the learnt issues in practice. The student recognizes the development needs in the field by providing excellent insights into connection between theory and practice. The student takes initiative, acts ethically and shows cultural understanding in different situations.
3
The student can utilize theories and issues in in foreign trade and use the theories in doing assignments in foreign trade. The student has ability to assess the correctness and reliability of the information. The student can act ethically and communicate professionally.

1
The student is familiar with theories and issues of foreign trade. The student has ability to retrieve information from various sources and has an understanding of the significance of the correctness and reliability of the information. The student can act ethically and communicate professionally.

Assessment Methods

Numerical (0-5).
Exam(50 %), activity(20%) and project assignments(30%)

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