ITF 412 | Course Introduction and Application Information - Department of International Trade and Finance

Course Name

Financing International Trade and Project

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
ITF 412	Fall/Spring	3	0	3	6

Prerequisites	None
Course Language	English
Course Type	Elective
Course Level	First Cycle
Mode of Delivery	-
Teaching Methods and Techniques of the Course	Q&A Lecture / Presentation
National Occupation Classification	-
Course Coordinator	Prof. Dr. Gülin VARDAR
Course Lecturer(s)	-
Assistant(s)	-

Course Objectives	The purpose of the course is to highlight some of the important trade matters affecting the international trade. This course seeks to provide students with a relatively strong foundation regarding international trade and project finance.
Learning Outcomes	The students who succeeded in this course; Define key concepts, terminology, and frameworks in international trade and project finance. Explain the mechanisms of trade finance instruments such as documentary credits, documentary collections, open account trading, and negotiable instruments. Analyze the structure, processes, and applications of project financing in both developed and emerging markets. Identify and assess the main risks in international trade and project finance — including commercial, country, political, and currency risks—and evaluate mitigation techniques. Discuss the roles of international and national financial institutions in supporting trade and investment. Compare factoring, forfaiting, leasing, and export credit practices globally and in Türkiye. Evaluate legal, procedural, and ethical considerations in trade and project financing operations.
Course Description	It also includes project financing techniques and their applications. The course will help those seeking entrance into this most interesting field of finance by exploring problems that they may face in dealing in international trade and finance transactions on a daily basis. The course will be dealing with these subjects in the context of emerging markets rather than in the context of developed markets
Related Sustainable Development Goals

Course Category	Core Courses
	Major Area Courses	X
	Supportive Courses
	Media and Management Skills Courses
	Transferable Skill Courses

Week	Subjects	Related Preparation
1	Introduction. Overview of trade financing; What is trade financing? And the real problems in trade financing.	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
2	International Trade - Export-Import / Absolute Advantage & Comparative Advantage	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
3	International Trade - Open Economy/ Invisible trade/ Protectionism	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
4	International Trade - Exchange Rate / Documents / Clean Payments	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
5	International Trade - Documentary Collection / Letters of Credit	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
6	Pre-shipment finance	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
7	Post-shipment finance	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
8	Midterm Exam	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
9	Forfaiting and factoring	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
10	Transport risk, contract credit risk	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
11	Country political risk, currency risk	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
12	Development Banks - Eximbanks - Escrow Account	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
13	Project Financing	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
14	Transportation Documents	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
15	Review of the semester	Robert C. Feenstra, “Advanced International Trade: Theory and Evidence”, Princeton, N.J.: Princeton University Press, 2nd Edition, 2016 John McLaren, “International Trade”, Hoboken, NJ: Wiley, 1st Edition, 2013 Rob Feenstra and Alan Taylor, “International Trade”, New York, NY: Worth Publishers, 3rd Edition, 2014
16	Final Exam

Course Notes/Textbooks

Feenstra, R., 2016. Advanced International Trade. 2nd ed. Princeton, N.J.: Princeton University Press. ISBN: 9780691161648

McLaren, J., 2013. International Trade. 1st ed. Hoboken, NJ: Wiley. ISBN: 0470408790

Feenstra, R. and Taylor, A., 2014. International Trade. 3rd ed. New York, NY: Worth Publishers. ISBN: 1429278447

Suggested Readings/Materials

Financial Times, Wall Street Journal, Dünya Gazetesi and Ticaret Gazetesi

Howard Palmer, “ International Trade and Preexport Finance: A practitioner’s Guide”, Euromoney Publication,Second Edition, 1999. ISBN 10: 1855646730

Michael Rowe, “Trade and Project Finance in Emerging Markets” Euromoney Publication, 1999. ISBN:1855643871

Richard E.Caves; Jeffrey A.Frankel, Ronald W.Jones; “World Trade and Payments:An Introduction” Tenth Edition, Pearson International Edition, 2007. ISBN:0321226607

Türkiye İş Bankası; İthalat İhracat Teknik Konuları Rehberi, 2002 ISBN:9786053325611

Semester Activities	Number	Weigthing
Participation	1	10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments	2	20
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm	1	30
Final Exam	1	40
Total

Weighting of Semester Activities on the Final Grade	3	60
Weighting of End-of-Semester Activities on the Final Grade	1	40
Total

Semester Activities	Number	Duration (Hours)	Workload
Theoretical Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: '.16.' x total hours)	16		0
Study Hours Out of Class	14	2	28
Field Work			0
Quizzes / Studio Critiques			0
Portfolio			0
Homework / Assignments	2	15	30
Presentation / Jury			0
Project			0
Seminar / Workshop			0
Oral Exam			0
Midterms	1	30	30
Final Exam	1	40	40
		Total	176

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To be able to identify and analyze problems in the field of trade and finance, and to develop solutions.	-	-	-	-	-
2	To be able to apply theoretical and practical knowledge of international trade and finance to real-world professional contexts.	-	-	-	-	X
3	To be able to critically analyze global market developments and evaluate their implications for business and policy.	-	-	-	X	-
4	To be able to collect, analyze, and interpret financial and economic data by using digital and information technologies effectively.	-	-	-	-	-
5	To be able to understand and interpret legal frameworks, regulations and practices relevant to international trade and finance.	-	-	X	-	-
6	To be able to anticipate, define, and manage financial and trade-related risks through informed decision-making.	-	-	X	-	-
7	To be able to acquire and use verbal, written, and numerical skills effectively for the nature of international trade and finance program.	-	-	-	-	-
8	To be able to obtain, synthesize, and report trade- and finance-related information clearly and effectively.	-	-	-	-	-
9	To be able to contribute effectively as individuals, team members, and leaders in multidisciplinary environments.	-	-	-	-	-
10	To be able to evaluate trade and finance issues from ethical, social, and sustainability perspectives.	-	-	-	-	-
11	To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).	-	-	-	-	-
12	To be able to speak a second foreign at a medium level of fluency efficiently.	-	-	-	-	-
13	To be able to relate the knowledge accumulated throughout human history to their field of expertise.	-	-	-	-	-