Syllabus: Finance of International Trade
Unit Title Finance of International Trade
Unit Code FIT-0409
Level Graduate Diploma
Credits 20
Main Aim(s) of the Unit
This unit covers the key areas of finance of international trade and payments and identifies and explains methods to be considered in order to reduce the level of risk associated with International Business decision-making.
The unit can also provide practical methods and techniques to executives of Maritime organizations operating in highly competitive international environments
By evaluating individual buyer's risks, the student will be able to understand the most appropriate and practical methods of payment in the international trade
Main Topic(s) of Study
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Learning Outcomes
Upon successful completion of the course students will be able to:
1. Use cost data for the planning, monitoring and control of a business
2. Recommend, for any market, optimum mixes of trade finance
3. Identify and explain country and buyer risks in any export plan
4. Discuss methods to avoid trading losses arising from business conducted in foreign currencies
5. Critically assess methods of finance in international trade
6. Analyse and select appropriate procedures to secure payment for goods or services
Learning and teaching methods/strategies
Learning takes place on a number of levels through lectures, class discussion including problem review and analysis. Formal lectures provide a foundation of information on which the student builds through directed learning and self managed learning outside of the class. The students are actively encouraged to form study groups to discuss course material which fosters a greater depth learning experience.
Assessment method
Examination 100%
Indicative Reading for this Unit
Main Text
Principles of International Trade & Payments - Peter Briggs (Blackwell Publishing)
Alternative Text and further reading
Trade Finance: Payments & Services - D B Cox (Northwick Publishers)
Multi-National Finance - Buckley (Prentice Hall)
Exchange Rates & International Finance - Dufey & Giddy
Applications
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