Foreign Trade in Practice
| Structure Type: | Study unit |
|---|---|
| Code: | TIS1701 |
| Curriculum: | IB 2024 |
| Level: | Bachelor of Business Administration |
| Year of Study: | 2 (2025-2026) |
| Semester: | Spring |
| Credits: | 5 cr |
| Responsible Teacher: | Myllylä, Teemu |
| Language of Instruction: | English |
Learning Outcomes
To give the student the knowledge and ability of handling international trade issues such as export and import management. Student gets familiar with the terms of a contract, terms of delivery, trade documentation, transportation, customs, insurance and forwarding in international trade.
Student's Workload
Total work load of the course: 135 h
- of which scheduled studies: 65 h
- of which autonomous studies: 70 h
The assesment of student's own learning 1 h is included in contact lessons.
Prerequisites / Recommended Optional Courses
Entrepreneurship
Contents
Sales, Purchase & Contracts
Documents needed in foreign trade
Transportation
- Incoterms
- Risk management
- Forwarding and dispatch of goods
- Customs clearance in international trade.
Export and import plans
Regional Impact
During the course, practical problems are discussed related to the regional forwarding and transportation business
Internationality
Course focuses on handling international trade issues
Recommended or Required Reading and Other Learning Resources/Tools
- Seyoum, Belay (Author)-2008 : Export-Import Theory, Practices, and Procedures. International Business Press
- ICC Chamber of Commerce (Author)-Incoterms® 2010
- Reuvid,Jonathan & Sherlock, Jim 2011: The International Trade: An Essential Guide to the Principles and Practice of Export. GMB Publishing Ltd
- Hinkelman, E. 2002 (or the latest version). International Trade Documentation. The Documents of Exporting, Importing, Shipping and Banking. World Trade Press.
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, discussions, individual and project assignments.
Assessment Criteria
5: The student can consistently use, report and discuss the theories and issues of foreign trade. In assignments, the student can apply the learnt issues in practice. The student recognizes the development needs in the field by providing excellent insights into connection between theory and practice. The student takes initiative, acts ethically and shows cultural understanding in different situations.
3: The student can utilize theories and issues in in foreign trade and use the theories in doing assignments in foreign trade. The student has ability to assess the correctness and reliability of the information. The student can act ethically and communicate professionally.
1:The student is familiar with theories and issues of foreign trade. The student has ability to retrieve information from various sources and has an understanding of the significance of the correctness and reliability of the information. The student can act ethically and communicate professionally.
Assessment Methods
Group assignment & Individual/Pair Assignments – Numerical 0-5
You can increase your grade by being active during the lectures