Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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UIT319 | INTERNATIONAL EXCHANGE REGIMES AND FOREIGN TRADE | 5 | 3 | 3 | 7 |
GENERAL INFORMATION |
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Language of Instruction : | Turkish |
Level of the Course Unit : | , TYY: + , EQF-LLL: , QF-EHEA: |
Type of the Course : | Compulsory |
Mode of Delivery of the Course Unit | - |
Coordinator of the Course Unit | |
Instructor(s) of the Course Unit | |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | This course is designed to enable students to understand the relationship between international exchange regimes and foreign trade and to use them in business life. At the end of the course students will be able to understand and interpret international exchange regimes. |
Contents of the Course Unit: | Contents of the course include; foreign exchange legislation, foreign exchange types, foreign exchange systems, payment methods, foreign trade elements, import-export and use of foreign exchange in foreign trade. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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List the ways in which businesses can use foreign exchange in foreign trade by using exchange legislation. (Bloom 1) |
Illustrate the operation of the exchange system and its importance for the economy (Blooms 2). |
Interpret the exchange rate change in line with the supply demand concept. (Bloom 2) |
Calculate the effects of exchange rate risk on enterprises by using numerical examples (Bloom 3). |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Reading and literature review | Introduction to Foreign Exchange Regimes and Foreign Trade | Narration, discussion |
2 | Reading and literature review | Foreign Exchange Transactions and Foreign Exchange Documents | Narration, discussion |
3 | Reading and literature review | Preparing Documents Used in Foreign Exchange Transactions | Narration, discussion |
4 | Reading and literature review | Understanding and Using Foreign Exchange Legislation | Narration, discussion |
5 | Reading and literature review | Currency Market, Exchange Rate, Exchange Rate Systems | Narration, discussion |
6 | Reading and literature review | Understanding the types and importance of foreign trade | Narration, discussion |
7 | Reading and literature review | Understanding import and performing import transactions | Narration, discussion |
8 | - | MID-TERM EXAM | - |
9 | Reading and literature review | Understanding Import Legislation | Narration, discussion |
10 | Reading and literature review | Performing export operations | Narration, discussion |
11 | Reading and literature review | Understanding License Agreements and Joint Investments | Narration, discussion |
12 | Reading and literature review | Foreign Direct Investments | Narration, discussion |
13 | Reading and literature review | Understanding the forms of payment in foreign trade and its use in trade | Narration, discussion |
14 | Reading and literature review | To prepare letter of credit and make risk analysis | Narration, discussion |
15 | Reading and literature review | Student Presentations | Narration, discussion |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Gökhan Terzi (Editor) (2017) Dış Ticaret-Gümrük-Kambiyo İşlemleri Ve Uygulaması, İstanbul: Gümrük kitap |
Kaya, F. (2011), Dış Ticaret İşlemleri Yönetimi Yeni Mevzuat ve Belgeler, İstanbul: Beta Basım Yayım |
Cantekin, C. (2017) Dış Ticaret İşlemleri ve Uluslararası Bankacılık, (4. Baskı), Ankara: Seçkin Yayınevi |
Aldcroft, D. H. (2001) Exchange Rate Regimes in the 20th Century, Edward Elgar Press |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Define the theories, concepts and principles of the basic and sub-fields of international business and trade. (Bloom 1)
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4 | |||||
2 |
Explain business and trade functions and processes based on current scientific sources (Bloom 2).
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3 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate internationally valid business and trade cases with the theories and concepts of other social sciences. (Bloom 2)
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3 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has. (Bloom 2)
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3 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Use the theoretical and factual knowledge in business and trade for occupational practices. (Bloom 3)
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3 | |||||
2 |
Solve individual and organizational problems in business life. (Bloom 3)
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1 | |||||
3 |
Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems. (Bloom 3)
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0 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Organize the activities for organizational goals and purposes independently. (Bloom 3)
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1 |
OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Criticize advanced knowledge and skills in the field with a critical approach. (Bloom 4)
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3 | |||||
2 |
Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments. (Bloom 3)
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3 |
OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Express his/her knowledge, thoughts and solutions on international business and trade to related stakeholders in written and verbal ways. (Bloom 1)
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4 |
OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Designs the research process in the field of business. (design) (Bloom 6)
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2 | |||||
2 |
Conducts operations by considering the ethical values in business activities. (apply) (Bloom’s 3)
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2 | |||||
3 |
Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life. (Bloom 2)
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0 |
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 13 | 3 | 39 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
Assignment (Homework) | 0 | 0 | 0 |
Project Work | 0 | 0 | 0 |
Seminar | 0 | 0 | 0 |
Internship | 0 | 0 | 0 |
Technical Visit | 0 | 0 | 0 |
Web Based Learning | 0 | 0 | 0 |
Implementation/Application/Practice | 0 | 0 | 0 |
Practice at a workplace | 0 | 0 | 0 |
Occupational Activity | 0 | 0 | 0 |
Social Activity | 0 | 0 | 0 |
Thesis Work | 0 | 0 | 0 |
Field Study | 0 | 0 | 0 |
Report Writing | 0 | 0 | 0 |
Final Exam | 1 | 1 | 1 |
Preparation for the Final Exam | 6 | 10 | 60 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 4 | 9 | 36 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 39 | 0 | 179 |
Total Workload of the Course Unit | 179 | ||
Workload (h) / 25.5 | 7 | ||
ECTS Credits allocated for the Course Unit | 7,0 |