International Trade and Business (English) Preview
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code:

ITB018

Course Name:

International Trade Finance

Semester:

Spring

Course Credits:

ECTS

Language of instruction:

English

Course Condition:

Does the Course Require Work Experience?:

Type of course:

Departmental Elective

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator:

Dr. Öğr. Üy. GÜLSÜM SAVCI

Course Lecturer(s):

Course Assistants:

Course Objective and Content

Course Objectives:

By explaining the special financing methods and basic concepts of international trade financing (Eximbank and export credit agency), this course aims to provide information about the basic concepts, techniques and legislation that will form the basis of international trade financing.

Course Content:

This course aims to provide a comprehensive understanding of international trade and its importance. Students will be able to identify and compare payment methods used in international trade (such as advance payment, open account, documentary collection, deferred and acceptance payments, discount, letters of credit, and guarantees) and explain Eximbank products (short, medium, and long-term credits, as well as credits for foreign exchange-earning services) in detail. Additionally, Eximbank buyer’s credits (international project loans, international trade finance, country limits list, letter of intent) and export credit insurance (short, medium, and long-term) will be thoroughly addressed. Differences among Eximbank derivative products (forward, currency swaps, options, risk reversal, asymmetric forward, average forward, interest rate swaps, cross-currency swaps) will also be analyzed. By the end of the course, students will be able to explain practical trade operations, such as the discounting of letter of credit payments.

Learning Outcomes

The students who have succeeded in this course;
1) Can define international trade and importance of international trade.
2) Can rank the international trade payment methods (like advance, open account, documentary collection, deferred and acceptance payments and discount, letter of credits and letter of guarantees).
3) Can explain Eximbank's products of credits and Eximbank's buyer's credits
4) Can define differences of eximbank derivative products

Course Flow Plan

Week	Subject	Related Preparation
1)	Introduction to International Trade
2)	Importance of International Trade
3)	International Trade Payment Methods (Advance and Open Account)
4)	International Trade Payment Methods (Letter of Credit and Letter of Guarantees)
5)	Eximbank Products of Credits
6)	Eximbank's Buyer's Credits (International Project Loans)
7)	Eximbank's Buyer's Credits (Country Limits List, Letter of Intent)
8)	Midterm Week
9)	Eximbank Credit Product
10)	Export Credit Insurance
11)	Eximbank Derivative Products
12)	Forward, Currency Swap, Options, Risk Reversal
13)	Interest Rate Swap and Cross Currency Swap
14)	Discount of Letter of Credit Payments
15)	Advantages and Disadvantages of Different Payment Methods
16)	Final Exam

Sources

Course Notes / Textbooks:	Grath, A. (2016). The Handbook of International Trade and Finance (4th ed.). London: Kogan Page.
References:	Grath, A. (2016). The Handbook of International Trade and Finance (4th ed.). London: Kogan Page.

Course - Program Learning Outcome Relationship

Course Learning Outcomes	1	2	3	4
Program Outcomes
1) Has a broad and interdisciplinary perspective on international business and trade by the use of social sciences and mathematics,
2) Possess the knowledge and skills related to different functions and interactions of international business and trade.
3) Possess the knowledge and skills to interpret the data, concepts and ideas in the field of international business and trade with scientific and technological methods.
4) Use different theoretical approaches to understanding and solving various business and trade problems.
5) Explains the competitiveness of the countries with the requirements of international competition and interprets the functioning of the actors and regulatory structures in the international environment.
6) Understands the value of developing new trade projects and generating strategies within international market needs.
7) Solves complex business and global trade problems by using various statistical techniques and numerical methods and makes analyzes by using statistical programs effectively.
8) Uses a foreign language at the B1 General Level in terms of European Language Portfolio criteria according to the level of education.
9) Develops teamwork, negotiation, leadership and entrepreneurship skills.
10) Possess the knowledge of universal ethical values, social responsibility and sufficient legal and regulatory knowledge.
11) Develops positive attitudes related to lifelong learning and identifies individual learning needs and carries out studies to correct them.
12) Students will be able to communicate their ideas and solutions both written and orally, and present and publish them on both national and international platforms.
13) Uses information and communication technologies together with computer software at the advanced level of European Computer Using License required by the field.

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Average	3 Highest

	Program Outcomes	Level of Contribution
1)	Has a broad and interdisciplinary perspective on international business and trade by the use of social sciences and mathematics,	1
2)	Possess the knowledge and skills related to different functions and interactions of international business and trade.	2
3)	Possess the knowledge and skills to interpret the data, concepts and ideas in the field of international business and trade with scientific and technological methods.	2
4)	Use different theoretical approaches to understanding and solving various business and trade problems.	1
5)	Explains the competitiveness of the countries with the requirements of international competition and interprets the functioning of the actors and regulatory structures in the international environment.	2
6)	Understands the value of developing new trade projects and generating strategies within international market needs.	1
7)	Solves complex business and global trade problems by using various statistical techniques and numerical methods and makes analyzes by using statistical programs effectively.	1
8)	Uses a foreign language at the B1 General Level in terms of European Language Portfolio criteria according to the level of education.	1
9)	Develops teamwork, negotiation, leadership and entrepreneurship skills.	1
10)	Possess the knowledge of universal ethical values, social responsibility and sufficient legal and regulatory knowledge.	1
11)	Develops positive attitudes related to lifelong learning and identifies individual learning needs and carries out studies to correct them.	1
12)	Students will be able to communicate their ideas and solutions both written and orally, and present and publish them on both national and international platforms.	1
13)	Uses information and communication technologies together with computer software at the advanced level of European Computer Using License required by the field.	1

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Homework Assignments	2	% 30
Midterms	1	% 30
Final	1	% 40
total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
total		% 100

Workload and ECTS Credit Calculation

Activities	Number of Activities	Preparation for the Activity	Spent for the Activity Itself	Completing the Activity Requirements	Workload
Course Hours	14	1	3		56
Study Hours Out of Class	14	2			28
Homework Assignments	2	5			10
Midterms	1	10	1		11
Final	1	15	1		16
Total Workload					121