FACULTY OF BUSINESS

Department of International Trade and Finance

ITF 421 | Course Introduction and Application Information

Course Name
Regulatory Aspects of International Trade
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ITF 421
Fall
3
0
3
6

Prerequisites
None
Course Language
English
Course Type
Required
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Discussion
Q&A
Lecture / Presentation
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives International trade and business are much more complicated than domestic ones because countries differ in many ways. This course focuses on how the political, economic and particularly legal systems of countries differ and affect the global trade.
Learning Outcomes The students who succeeded in this course;
  • Discuss how the political and economic systems of countries differ
  • Explain how the legal systems of countries differ
  • Explain the implications for management practice of national differences in legal systems on global trade
  • Describe the nature of trade-wars
  • Describe the unique features of e-commerce technology and its significance
  • Discuss the importance of policies, procedures, and laws in creating security
Course Description The course evaluates global trade transactions and policies from a globally legal perspective.

 



Course Category

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

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 The rationale for foreign trade and its organization Part-1 The Handbook of International Trade, A Guide to the Principles and Practice of Export, 2nd ed Consultant Editors: Jim Sherlock and Jonathan Reuvid, GMB Publishing, 2008
2 National Differences in Political, Economic, and Legal Systems Chapter-2 Global Business Today, 11e, Charles W. L. Hill and G. Tomas M. Hult, 2020, McGrawHill,
3 Trade Risks and Risk Assessment International Trade Practices & Lex Mercatoria Transnational Commercial Transactions – Agreements Section-1 The Handbook of International Trade and Finance, Anders Grath, Kogan Page, 2016
4 Trade Risks and Risk Assessment, International Institutions, Documents in International Trade, Carriage of Goods, Delivery Terms in International Trade Section-1 The Handbook of International Trade and Finance, Anders Grath, Kogan Page, 2016
5 Methods of Payment and Currency Risk Management, International Payment Method, Guarantee Methods Section-2 and Section-4 The Handbook of International Trade and Finance, Anders Grath, Kogan Page, 2016 Section-4
6 Midterm Review (Determination of research projects) https://www.wto.org/english/tratop_e/dispu_e/dispu_e.htm
7 Midterm
8 Article Review: Regulatory Aspects of International Trade (Project progress evaluation) Kreshnik Aliaj, Genc Mekaj, ILIRIA International Review – Vol 8, No 2 (2018)
9 Article Review: Regulatory Aspects of International Trade (International Commercial Contracts and General Principles of International Trade Law) Kreshnik Aliaj, Genc Mekaj, ILIRIA International Review – Vol 8, No 2 (2018)
10 Companies & Institutions Lecture notes
11 International Dispute Resolution, Foreign Element, Applicable Law, National Court Jurisdiction, International Arbitration, Other Amicable Dispute Resolutions Giuditta Cordero-Moss,International Commercial Contracts: Applicable Sources and Enforceability, Cambridge University Press, June 2014 Online ISBN:9781139248815
12 Regulatory and Legal Environment of E-commerce and the Digital Economy International Legislation https://unctad.org/en/Pages/DTL/STI_and_ICTs/ICT4D-Measurement.aspx Chapter-5 E-Commerce 2019: Business, Technology, Society, 15th Ed. Pearson, Kenneth C. Laudon and Carol G. Traver https://unctad.org/en/Pages/DTL/STI_an d_ICTs/ICT4D-Legislation/eCom-Global- Legislation.aspx
13 Project Presentations
14 Project Presentations
15 Semester Review
16 Final Exam

 

Course Notes/Textbooks

Based on Lecturer’s Notes and regular positing via BlackBoard.

Suggested Readings/Materials

International Trade Law, Prof. Dr. Ercüment Erdem

Global Business Today, 11e, Charles W. L. Hill and G. Tomas M. Hult, 2020, McGrawHill ISBN-13: 978-1260088373

The Handbook of International Trade, A Guide to the Principles and Practice of Export, 2nd ed Consultant Editors:

Jim Sherlock and Jonathan Reuvid, GMB Publishing, 2008 ISBN-13: 978-1846730344

The Handbook of International Trade and Finance, Anders Grath, Kogan Page, 2008 ISBN: 074946398

E-Commerce 2019: Business, Technology, Society, 15th Ed. Pearson, Kenneth C. Laudon and Carol G. Traver ISBN-13: 978-0134998459

Giuditta Cordero-Moss,International Commercial Contracts: Applicable Sources and Enforceability, Cambridge University Press, June 2014

Online ISBN:9781139248815

UNCTAD- unctad.org

WTO – www.wto.org

WEF- www.weforum.org

https://www.e-commerce2019.com/index.html

All announcements, results and materials will be available on the Blackboard site of the course.

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
1
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
5
10
Presentation / Jury
1
10
Project
1
20
Seminar / Workshop
Oral Exams
Midterm
1
20
Final Exam
1
30
Total

Weighting of Semester Activities on the Final Grade
9
70
Weighting of End-of-Semester Activities on the Final Grade
1
30
Total

ECTS / WORKLOAD TABLE

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
1.5
21
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
5
3
15
Presentation / Jury
1
15
15
Project
1
25
25
Seminar / Workshop
0
Oral Exam
0
Midterms
1
20
20
Final Exam
1
30
30
    Total
174

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
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 use the theoretical and practical knowledge gained in the field of International Trade and Finance.
3 To be able to analyze the developments in global markets by using critical thinking skills. X
4 To be able to analyze and interpret data in the field of finance, commerce and economics by using information technologies effectively.
5 To be able to acquire knowledge about the legal regulations and practices in the field. X
6 To be able to foresee and define the risks that could be encountered in the field of trade and finance and to take decisions to manage such risks. X
7 To be able to acquire and use verbal and numerical skills necessary for the nature of international trade and finance program.
8 To be able to obtain, synthesize and report the information related to the fields of trade and finance. X
9 To be able to contribute to the solution of problems as individual, team member or leader.
10

To be able to evaluate the issues related to the field with an ethical perspective and social sensitivity.

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.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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