Operations in International Business

  • Credits: 4
  • Ending: Examination
  • Range: 4C
  • Semester: summer
  • Year: 2
  • Faculty of Commerce

Teachers

Included in study programs

Tourism Management

Teaching results

Students will acquire the following knowledge:
- ability to understand the issues of operations in international trade
- overview, categorization and regulation of operations in international trade
- contractually provide various forms and specifications of business operations in international trade
Students will acquire the following skills:
- to propose and evaluate solutions to problems arising in the field of international trade operations
- formulate recommendations for the development of individual types of business operations
- to carry out business operations and evaluate the adopted solutions from several areas of international trade
- to create separate implementation projects and evaluation procedures for activities in the field of business operations in international business
Students will acquire the following competencies:
- the autonomy and foresight of the diverse situations in the field of international trade operations
- initiative and responsibility for managing the work team in the implementation of business operations in the international environment
- professionally present the results obtained from practice to the professional public

Indicative content

Principles of trading in the Slovak Republic after accession to the EU, regulation of trading operations in international trade, classification of trading operations, barter and compensation transactions, special types of trading operations, international auctions, stock exchanges, tenders and electronic trading, intermediary relations in trading operations, payment and delivery conditions, other conditions of delivery, accompanying documents in international trade and individual stages of export and import trade operation.

Support literature

1. BLOCKMANS, S. – KOUTRAKOS, P. (2018). Research Handbook on the EU ́s Common Foreign and Security Policy. Cheltenham: Edward Elgars.
2. KAŠŤÁKOVÁ, E. - DRIENIKOVÁ, K. - ZUBAĽOVÁ, Ľ. (2019). Impact of the Geopolitical Changes on the EU Foreign Trade Relations with Selected Territories : Implications for the Slovak Economy. Saint Petersburg : Saint Petersburg University Press.
3. KAŠŤÁKOVÁ, E. - LUPTÁKOVÁ, A. – ŽATKO, M. (2022). The Importance of the Eurasian Economic Union for Shaping of EU Trade Strategies. Praha : Leges.
4. KAŠŤÁKOVÁ, E. - LUPTÁKOVÁ, A. (2020). Position of the Russian Federation in the Foreign Trade of the Visegrad Group Region. Praha : GUPRESS.
5. KAŠŤÁKOVÁ, E. - RUŽEKOVÁ, V. (2019). Medzinárodné obchodné operácie. Bratislava: Vydavateľstvo EKONÓM.
6. SZATMÁRI, Z. (2020). Global Trade and Customs. A Practical Comparison of Major Jurisdictions. Amsterdam: IBFD.

Syllabus

1. Principles of trade in the Slovak Republic after accession to the EU. 2. Regulation of trade operations in international trade. 3. Classification of international trade operations. 4. Established types of business operations: re-export, barter and compensation trades and their use in international trade. 5. Special types of business operations: parallel trades, repurchases, offsets, processing operations. Their use and current development trends. 6. International auctions, stock exchanges, tenders and electronic trading. Current development trends. 7. Intermediary relations in international trade operations. Direct and indirect trading methods. Forms of entry into foreign markets. 8. Payment condition in international trade. Documentary and non-documentary payments. Other financing options. 9. Delivery condition in international trade. Delivery parity according to INCOTERMS 2020. Delivery time. Insurance and packaging and labeling of goods. 10. Other conditions of delivery in international trade. 11. Accompanying documents in the implementation of international trade operations. 12. Individual phases of the export trade operation: preparation, contracting, implementation and termination of the export trade operation. 13. Individual phases of the import trade operation: preparation, contracting, implementation and termination of the import trade operation.

Requirements to complete the course

• 20% control written test
• 20% semestral work and presentation
• 60% written exam

Student workload

Workload: 104 hours
Attendance and seminars: 52 hours
Preparation for seminars: 26 hours
Elaboration of a semester project: 5 hours
Preparation for written verification of knowledge: 5 hours
Preparation for the exam: 16 hours

Language whose command is required to complete the course

Slovak, English

Date of approval: 09.02.2023

Date of the latest change: 25.10.2023