COURSE INTRODUCTION AND APPLICATION INFORMATION

Course Name
International Trade and Investment
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ITF 212
Fall/Spring
3
0
3
6
Prerequisites
None
Course Language
English
Course Type
Service Course
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Group Work
Q&A
Lecture / Presentation
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives The course provides a comprehensive analysis of international trade and investment within the framework of global business environment. The course aims to (1) explain how and why the world’s cultures, countries, and regions differ, (2) cover economics and politics of international trade and investment, (3) tackle international issues related to ethics, corporate social responsibility, and sustainability, (4) explain the functions and form of the global monetary system, (5) examine the strategies and structures of international business, and (6) assess the special roles of the various functions of an international business.
Learning Outcomes The students who succeeded in this course;
  • Explain what is meant by the term globalization by recognizing the main drivers of globalization and the changing nature of the global economy.
  • Discuss how the political, economic, and legal systems of countries differ.
  • Explain why nations trade with each other, the arguments of those who maintain that government can play a proactive role in promoting national competitive advantage in certain industries.
  • Discuss current trends regarding foreign direct investment (FDI) in the world economy and how political ideology shapes a government’s attitudes toward FDI.
  • Explain the concept of international business strategy and recognize how firms can increase revenue and profit by expanding globally.
  • Analyse the three basic decisions that firms contemplating foreign expansion must make: which markets to enter, when to enter those markets, and on what scale.
  • Describe why global production and supply chain management decisions are of central importance to many global companies.
  • Describe the importance of business analytics and international market research.
Course Description The course focuses on applications of international business, trade and investment concepts. The course also makes important theories accessible and interesting to students. The course also provides learners how changes in macro environment affect international business practice.
Related Sustainable Development Goals

 



Course Category

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

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Introduction
2 Globalisation Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-1, p.1-39
3 National Differences in Political, Economic, and Legal systems Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-2, p.40-64
4 National Differences in Economic Development Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-3, p.65-95
5 • Differences in Culture • Ethics, Corporate Social Responsibility, and Sustainability Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-4, p. 96-136 Chapter-5, p. 137-167
6 International Trade Theory Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-6, p. 168-208
7 Midterm Exam
8 • Government Policy and International Trade • Foreign Direct Investment Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-7, p. 209-239 Chapter-8, p. 240-272
9 Regional Economic Integration Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-9, p. 273-307
10 • The Foreign Exchange Market • The International Monetary System Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-10, p. 308-337 Chapter-11, p. 337-367
11 The Strategy of International Business Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-12, p. 368-410
12 Entering Developed and Emerging Markets Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-13, p. 411-439
13 Exporting, Importing, and Countertrade Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-14, p. 440-466
14 • Global Production and supply Chain Management • Global Marketing and Business Analytics Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, Chapter-15, p. 467-500 Chapter-16, p. 500-539
15 Semester Review
16 Final Exam -
Course Notes/Textbooks

Charles W. L. Hill, (2022), Global Business Today, 12e, McGraw Hill, ISBN: 978-1-264-06750-3
Suggested Readings/Materials

Foreign Trade Data: https://www.census.gov/foreign-trade/data/index.html 

 

EVALUATION SYSTEM

Semester Activities Number Weighting
Participation
1
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
2
20
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
1
25
Final Exam
1
45
Total

Weighting of Semester Activities on the Final Grade
4
55
Weighting of End-of-Semester Activities on the Final Grade
1
45
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
14
2
28
Field Work
Quizzes / Studio Critiques
2
8
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
30
Final Exams
1
46
    Total
168

 

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. X
3 To be able to analyze the developments in global markets by using critical thinking skills.
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.
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