The course is aimed at students' clear understanding of the principles and practice of modern international trade both at national and international levels, as well as methods of work at foreign markets and ways of interaction with foreign partners in the framework of various types of international economic transactions.Pre-requisitesIntroduction to International RelationsIntroduction to EconomicsBusiness FinanceComparative Area Studies
Learning Objectives
features of modern formats of world trade and current deglobalization problems impacting them;
procurement organization process in the international markets;
methodological aspects of basic international trade theories;
peculiarities of terms of foreign economic transactions and necessary agreements depending on the pattern of international trade deal;
procedure and main stages of target market evaluation;
foundations the governmental protectionist measures and trade development issues.
find information about the indicators characterizing the situation on the world markets;
analyze information relevant to development and conjuncture of specific markets in the world economy;
make conclusions about proper market entry strategies and choosing the foreign trade transaction patterns;
present his findings and conclusions about the potential trade patterns and market conjuncture
Expected Learning Outcomes
This course aims to explore the important concepts and issues in International trade.
The study of international trade involves economy- wide issues such as conventional comparative advantage, Increasing returns to scale, trade between firms and trade policies.
Students who successfully complete this course should have an understanding of trade patterns and their analysis logic in order to make basic decisions on issues in International Trade.
To achieve these goals, this course provides basic concepts and principles of the world trade, specifically concerning the theory and corporate policy.
The first half of the course covers trade theories-Ricardian model, Heckscher Ohlin model, Economies of scale, TNCs and Foreign Direct Investment, while the second half of the course will cover the more practical effects of trade policy, trading channels and market entry patterns, International trade environments and finally Trade development policies.
Course Contents
Week 1 Stylized Facts about World Trade and Questions of the courses
Week 2 World Trade: an Overview
Week 3 Core Trade Theories in Practice: Ricardian and Heckscher‑Ohlin
Week 4 Foreign Direct Investment, Outsourcing and Entry Strategies in International Trade
Week 5 Pricing Decisions and Trade Finance in International Trade
Week 6 International Trade Logistics: Transport, Incoterms and Risk Management
Week 7
Week 8-9.1 Distribution Channels and Market Entry Architecture in International Trade
Week 8-9 Distribution Channels and Market Entry Architecture in International Trade
Week 9-10 Target Market Research and Trade Information Systems
Week 11 Cultural Impact on Trade Patterns and Negotiation Practices
Week 12 Trade Policy: Tariffs and Nontariff Barriers
Week 13-14 Political and Legal Environments of International Trade
Week 15 Operational Trade Management: Documentation, Contracts and Risk Mitigation
Преподаватель
Черников Сергей Юрьевич
Course Syllabus
Abstract
Learning Objectives
Expected Learning Outcomes
Course Contents
Assessment Elements
Interim Assessment
Bibliography
Recommended Core Bibliography
Recommended Additional Bibliography
Authors