Trade Operations
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 1
- Faculty of Business Economics with seat in Košice
Teachers
Included in study programs
Teaching results
The aim of the course is to acquire a system of foreign trade operations and international payments with an emphasis on the quality of domestic and international business environment. Knowledge of modeling of various business transactions in the process of globalization and comparison of results with business practice of companies.
Knowledge:
Students acquire basic theoretical knowledge of foreign trade operations and international transactions, as well as the ability to understand the foreign trade of the Slovak Republic and the common trade policy of the European Union.
Competence:
Students are able to use the acquired knowledge in relation to the requirements of business practice and apply it in the processing of purchase contracts in foreign trade, risk assessment in foreign trade and international payments, as well as process import and export business case in foreign trade.
Skill:
From the acquired theoretical knowledge, students are able to systematize their knowledge of international business transactions, evaluate the situation critically, assess the suitability of various types of business operations for specific cases, or propose solutions to simplify and accelerate business transactions.
Indicative content
Lectures:
1. Organizational structure of institutions responsible for foreign trade policy. Foreign trade of the Slovak Republic.
2. The common commercial policy of the European Union.
3. Purchase contract in foreign trade
4. Specific types of business operations in the process of globalization and internationalization.
5. Risks in foreign trade.
6. New forms of financing the foreign trade.
7. Technical barriers in foreign trade.
8. Customs duties in foreign trade.
9. Pricing in international trade.
10. Import and export business case in foreign trade
11. The process of simplifying and accelerating intra-EU trade transactions.
12. Business negotiations and its phases.
13. Ethics in business dealings with a foreign partner.
Seminars:
1. Introductory information. Conditions for obtaining the evaluation for the semester work.
2. Solving case studies on the knowledge base of the business theory and globalization - group work.
3. The organizational structure of institutions involved in foreign trade policy. Foreign trade of the Slovak Republic. The European Union 's common commercial policy - working in groups.
4. Discussion about the specific types of business operations in the process of globalization and internationalization.
5. Solution of the purchase contract in foreign trade - work in groups.
6. Risk management in foreign trade - work in groups.
7. Written control test
8. Case study on current topics - group work and presentation of individual works / projects.
9. Solution of customs issues in foreign trade - work in groups and presentation of individual works / projects.
10. Solution of pricing in international trade - work in groups and presentation of individual works / projects.
11. Solution of import and export business case in foreign trade - work in groups and presentation of individual works / projects.
12. The process of simplification and acceleration of business transactions within the EU - group work and presentation of individual works / projects.
13. Summary of knowledge and determination of continuous assessment of the subject.
Support literature
BRAND, R.A. International Business Transactions Fundamentals. Kluwer Law International;, 2018, 1264 p. ISBN 978-9041190925
FELLMETH, A.X. Introduction to International Business Transactions. Edward Elgar Pub, 2020, 864 p. ISBN 978-1839107412
CHOW, D.C.K., SCHOENBAUM, T.J. International Business Transactions: Problems, Cases, and Materials. Wolters Kluwer, 2020, 864 p. ISBN 978-1543801040
BRADLOW, D.D., FINKELSTEIN, J.G. Negotiating Business Transactions: An Extended Simulation Course. Wolters Kluwer, 2018, 304 p. ISBN 9781454888451
FOLSOM, R., VAN ALSTINE, M., RAMSEY, M. International Business Transactions: A Problem-Oriented Coursebook. West Academic Publishing, 2019, 1332 p. ISBN 978-1640202566
Syllabus
Lectures: 1. Organizational structure of institutions responsible for foreign trade policy. Foreign trade of the Slovak Republic. 2. The common commercial policy of the European Union. 3. Purchase contract in foreign trade 4. Specific types of business operations in the process of globalization and internationalization. 5. Risks in foreign trade. 6. New forms of financing the foreign trade. 7. Technical barriers in foreign trade. 8. Customs duties in foreign trade. 9. Pricing in international trade. 10. Import and export business case in foreign trade 11. The process of simplifying and accelerating intra-EU trade transactions. 12. Business negotiations and its phases. 13. Ethics in business dealings with a foreign partner. Seminars: 1. Introductory information. Conditions for obtaining the evaluation for the semester work. 2. Solving case studies on the knowledge base of the business theory and globalization - group work. 3. The organizational structure of institutions involved in foreign trade policy. Foreign trade of the Slovak Republic. The European Union 's common commercial policy - working in groups. 4. Discussion about the specific types of business operations in the process of globalization and internationalization. 5. Solution of the purchase contract in foreign trade - work in groups. 6. Risk management in foreign trade - work in groups. 7. Written control test 8. Case study on current topics - group work and presentation of individual works / projects. 9. Solution of customs issues in foreign trade - work in groups and presentation of individual works / projects. 10. Solution of pricing in international trade - work in groups and presentation of individual works / projects. 11. Solution of import and export business case in foreign trade - work in groups and presentation of individual works / projects. 12. The process of simplification and acceleration of business transactions within the EU - group work and presentation of individual works / projects. 13. Summary of knowledge and determination of continuous assessment of the subject.
Requirements to complete the course
Full-time study:
Evaluation: all activities for the semester 100%
Ongoing evaluation: 40% (written test – 20%, individual activity – 20%)
Exam: 60% (20% - preparation and presentation of semesterly work, 40% - written and oral exam)
Overall: seminars + final exam – min. 51% for the sufficient evaluation and from the written exam min. 51% as well.
In order to meet the conditions of the ongoing evaluation, it is necessary to process the project, which is evaluated in such a way that 90% of the evaluation intended for the project represents creativity and 10% represents technical, stylistic, grammatical and other aspects.
Student workload
Total study load (in hours):
presence at lectures – 26 hours,
the preparation for the lectures – 4.5 hours,
the presence at the active forms – 26 hours,
the preparation for the active forms – 26 hours,
the work on the seminar project – 52 hours,
the preparation for the test – 6.5 hours,
the preparation for the oral and written final evaluation - 15 hours,
Total study load 156 hours.
Language whose command is required to complete the course
English
Date of approval: 20.02.2023
Date of the latest change: 25.07.2022