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.

Unit details

Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
BEO2004

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

Melbourne campuses

Students studying under the VU Block Model.

Assessment type Description Grade
Test Online Test 1 20%
Assignment Practical Assessments 20%
Test Online Test 2 30%
Test In-Class Final Assessment 30%

Other locations

Assessment type Description Grade
Test Tests 30%
Assignment Practical Assessments using authentic learning and reference materials. 30%
Examination Final Exam 40%

Required reading

International Trade: A Practical Introduction 4th edn,
Bergami, R 2013,
Melbourne, Australia: Eruditions Publishing

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