International Trade Practices

Unit code: BEO2004 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Online Real Time
Prerequisites
N/A
Overview
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Overview

The aim of this unit is to introduce business students to the various procedures and documentation required to facilitate an international trade (export and import) transaction; the instruments of trade finance; and the various methods of financing/settling exports and imports transactions. These processes will be introduced using industry-based computer software.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Apply explicit knowledge of international terms in the process of negotiating terms of delivery and payment;
  2. Determine and generate the documents necessary to process a specific export/import transaction;
  3. Evaluate risks in foreign exchange, international payments and trade settlements; and formulate risk mitigation strategies; and
  4. 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
Assessment type: Assignment
|
Grade: 20%
Practical Assessments
Assessment type: Test
|
Grade: 30%
Online Test 2
Assessment type: Test
|
Grade: 30%
In-Class Final Assessment

Other locations

For students studying at Central University of Finance and Economics, Henan University, Liaoning University
Assessment type: Test
|
Grade: 30%
Tests
Assessment type: Assignment
|
Grade: 30%
Practical Assessments using authentic learning and reference materials.
Assessment type: Examination
|
Grade: 40%
Final Exam

Required reading

International Trade: A Practical Introduction
Bergami, R 2013,| Melbourne, Australia: Eruditions Publishing

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.

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