International Trade Practices and Policies
Credit points
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
Prerequisites
Co-requisites
(Corequisite units must be studied concurrently with this unit)
Overview
Gain a thorough grounding in foreign trade and investment policies, with International Trade Practices and Policies.
This unit will acquaint you with the procedures and documentation required to facilitate an international trade transaction. Using the industry-based computer software OzDocs, you will be introduced to both export and import transactions.
International Trade Practices and Policies will give you a broad understanding of Australia’s relationship with other nations.
Learning Outcomes
On successful completion of this unit, students will be able to:
- Evaluate risks in foreign exchange, international payments, and trade settlements; and formulate risk mitigation strategies;
- Determine and generate documents required to process export/import transactions;
- Integrate conceptual and practical knowledge to facilitate international trade operations; and,
- Adapt the working knowledge to the digitalisation of trade transactions through group collaborations and in inter-cultural settings.
Assessment
For Melbourne campuses
Assessment type: Test | Grade: 20%
Online test 1 - theory and applications
Assessment type: Assignment | Grade: 30%
Practical assessments - foreign exchange, customs and export documentation using OzDocs software (Group)
Assessment type: Test | Grade: 20%
Online Test 2 - theory, incoterms, calculations
Assessment type: Exercise | Grade: 30%
Simulation - case study facilitation of trade from exporters and importers point view (Group)
Other locations
Assessment type: Test | Grade: 30%
Tests (Theory and calculations MCQ)
Assessment type: Assignment | Grade: 30%
Practical assessments - foreign exchange, customs and export documentation using OzDocs software (Group)
Assessment type: Examination | Grade: 40%
Final exam
Required reading
Selected readings are available through the library/ on VU Collaborate.
As part of a course
This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.