International Trade
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 3
- Faculty of Business Economics with seat in Košice
Teachers
Included in study programs
Teaching results
The subject of international trade is focused on gaining knowledge in the field of theories, structure and trade finance schemes for international trade. It also presents an overview of the concepts, purposes, features, and risks of international trade. A grasp of the features and risks of international trade facilitates a better understanding of the numerous methods of payment in international trade and the relevant trade finance schemes, which is essential to success in international trade transactions
Knowledge: After completing the course, students will have basic knowledge of foreign trade, its importance and development, territorial and commodity structure and export support, they will understand the active and passive form of autonomous foreign trade policy and the procedure for securing international trade operations.
Skills: Students will understand the essence of international trade, they will be able to compare individual foreign markets, instruments and financing of foreign trade.
Competences: After the course, students will understand the principles of international trade, evaluate the advantages and disadvantages of individual foreign trade operations, choose the most appropriate form of financing foreign trade and independently implement the import and export business case.
Indicative content
Lectures:
International trade, its importance and institutional support.
Theories of international trade.
Territorial and commodity structure of international trade
Risks in international trade
Autonomous means of foreign trade policy
Tariff and non-tariff means of passive autonomous foreign trade policy of the EU
Foreign trade operations.
Methods of payment in international trade.
Documentation in international trade.
Financing of international trade.
Multinational corporations and international trade.
International tax environment and transfer pricing.
Slovak Republic and international trade.
Seminars:
Introduction to the study - organizational instructions, assignment of tasks, papers, basic concepts. Discussion on globalization and its impact on international trade.
World economy and international trade in the world economy. A critical look at modern theories of international trade.
EU foreign trade policy - selected current examples - presentation of the assignment and discussion
The World Trade Organization (WTO) and its role in the current development of international trade - presentation and discussion
The position of Slovakia in the Ministry of Defense - an indicator of the intensity of the country's participation in the international division of labor (MDP), Real terms of trade (Terms of Trade) - an indicator of the quality of the country's participation in the MDP - assignment presentation and discussion
Liberalization of international trade after World War II. war - presentation of the assignment and discussion
Risks in international trade - presentation of the assignment and discussion
The European Union and the EU's common commercial policy - presentation of the assignment and discussion
The problem of dumping and anti-dumping measures in international trade - presentation of the assignment and discussion
Importance of INCOTERMS for the development of international trade - presentation of the assignment and discussion
Customs as a classic means of foreign trade policy of the state - presentation of the assignment and discussion
Special types of foreign trade operations - presentation of the assignment and discussion
Stages and method of direct implementation of export and import trade operation
Support literature
1. KAŠŤÁKOVÁ, Elena - PÁSZTOROVÁ, Janka. Vybrané aspekty podpory zahraničného obchodu na Slovensku. 1. vydanie. Bratislava : Vydavateľstvo EKONÓM, 2020. ISBN 978-80-225-4792-5
2. KAŠŤÁKOVÁ, Elena - RUŽEKOVÁ, Viera. Medzinárodné obchodné operácie. 1. vydanie. Bratislava : Vydavateľstvo EKONÓM, 2019. 200 s. ISBN 978-80-225-4611-9
3. STEINHAUSER, Dušan - PAVELKA, Ľuboš. Riadenie rizík v medzinárodnom obchode. Recenzenti: Zuzana Kittová, Erika Mária Jamborová. 1. vydanie. Bratislava: Vydavateľstvo EKONÓM, 2021. 139 s. ISBN 978-80-225-4804-5.
4. KRUGMAN, PAUL R.; MELITZ, MARC J.; OBSTFELD, MAURICE. 2018. International trade : theory & policy (11th, global ed.). Pearson. ISBN 9780134519555
5. SANG MAN KIM. 2021. Payment Methods and Finance for International Trade. Springer Singapore. ISBN 9789811570391
6. JONNARD, CLAUDE M. 2019. International business and trade: theory, practice, and policy. CRC Press, ISBN: 9781003075998
7. MATTHEW C. KLEIN; MICHAEL PETTIS. 2020 Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace. Yale University Press, 9780300244175
8. RUGMAN, ALAN M.; VERBEKE, ALAIN. 2018. Global corporate strategy and trade policy. Routledge. ISBN 9780203732342,
9. ŠTĚRBOVÁ. L. a kol. 2013. Medzinárodní obchod ve světové krizi 21. století. Grada Publishning. 364 s. ISBN 978-80-247-4694-4.
Syllabus
Lectures: International trade, its importance and institutional support. Theories of international trade. Territorial and commodity structure of international trade Risks in international trade Autonomous means of foreign trade policy Tariff and non-tariff means of passive autonomous foreign trade policy of the EU Foreign trade operations. Methods of payment in international trade. Documentation in international trade. Financing of international trade. Multinational corporations and international trade. International tax environment and transfer pricing. Slovak Republic and international trade. Seminars: Introduction to the study - organizational instructions, assignment of tasks, papers, basic concepts. Discussion on globalization and its impact on international trade. World economy and international trade in the world economy. A critical look at modern theories of international trade. EU foreign trade policy - selected current examples - presentation of the assignment and discussion The World Trade Organization (WTO) and its role in the current development of international trade - presentation and discussion The position of Slovakia in the Ministry of Defense - an indicator of the intensity of the country's participation in the international division of labor (MDP), Real terms of trade (Terms of Trade) - an indicator of the quality of the country's participation in the MDP - assignment presentation and discussion Liberalization of international trade after World War II. war - presentation of the assignment and discussion Risks in international trade - presentation of the assignment and discussion The European Union and the EU's common commercial policy - presentation of the assignment and discussion The problem of dumping and anti-dumping measures in international trade - presentation of the assignment and discussion Importance of INCOTERMS for the development of international trade - presentation of the assignment and discussion Customs as a classic means of foreign trade policy of the state - presentation of the assignment and discussion Special types of foreign trade operations - presentation of the assignment and discussion Stages and method of direct implementation of export and import trade operation
Requirements to complete the course
Continuous evaluation:
written examination in the 7th week - 5 points and in the 11th week - 5 points
active participation in exercises and discussions - 10 points
assignment, presentation - 20 points
• 21 points are required to obtain an interim assessment.
Final evaluation: Written exam - 60 points.
In order to pass the exam, it is necessary to obtain at least 51 points together with the exercises and the final written exam.
Student workload
Lectures: 26 h
Exercises: 26 h
Preparation for continuous exams: 26 h
Preparation for the final exam: 52 h
Project preparation: 26 h
Total 156 h
Language whose command is required to complete the course
Slovak
Date of approval: 14.02.2023
Date of the latest change: 04.07.2022