BUSN3037 Import-Export Theory and Practice

Dr Sharif Rasel

2020

4.5

1 x 1-hour tutorial weekly
1 x 2-hour on-line lecture weekly

1 1 of BUSN1004, BUSN2019
2 Admission into BIBWST-Bachelor of International Business (Wine, Spirits and Tourism)
Must Satisfy: ((1) or (2))

Bachelor of Business

This topic outlines the theory of international merchandise trade and then deals with the practical issues associated with import/export activities. As such, the topic provides a history of international trade and then presents the current trends in global exporting. It explains the organisations and factors impacting on import/export activity and how to identify overseas opportunities. It then examines market research and entry, INCOTERMS, payments, risk management, pricing, transportation, and foreign currency issues among other things.

This topic aims to:

provide students with an appreciation of the past and present context of international trade
provide students with an understanding of the numerous organisations, at various levels, that impact on the import/export activities of a firm
teach students how to undertake research and identify opportunities in overseas markets
provide students with the skills to properly price goods to be bought or sold in international markets
introduce students to the documentation necessary to undertake international trade
provide students with an appreciation of the payment methods commonly employed during import/export activities
to provide students with an understanding of the most appropriate methods to ship goods between countries

Students successfully completing this topic should be able to:

understand the current international trade environment
undertake research that helps them identify overseas opportunities and engage in international trade
properly price goods to be sold overseas
appreciate the role of global, national and local organisations in the trade of goods internationally
organise the shipment of goods to or from overseas countries and deal with the documentation associated with these transactions
understand what INCOTERMS are and their role in import/export activity
devise appropriate payment terms and strategies

Key dates and timetable

Timetable details for 2020 are no longer published.

This information is from current details held on the Student Information System. Please report any errors or omissions to the relevant College Office.