WM097-10 International Trade
Introductory description
To provide an overview of International Trade and a foundation and context for the International Trade, Strategy and Operations masters degree.
To provide students with the opportunity to develop a thorough understanding of international trade theory, business behaviour, and trade policy.
It will cover key areas of business in an international context including legal constraints and opportunities, marketing and sales, finance and operations, giving candidates the opportunity to consider these issues in some detail.
To provide an understanding of the strategic elements of trading internationally and globally.
Module aims
To provide an overview of International Trade and a foundation and context for the International Trade, Strategy and Operations masters degree.
To provide students with the opportunity to develop a thorough understanding of international trade theory, business behaviour, and trade policy.
It will cover key areas of business in an international context including legal constraints and opportunities, marketing and sales, finance and operations, giving candidates the opportunity to consider these issues in some detail.
To provide an understanding of the strategic elements of trading internationally and globally.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
To set the global context in terms of the international environment for trade.
To integrate learning in the areas of financial approaches and sources of funds, operational aspects including logistics, customs and freight, management of multinational and cross cultural teams, appreciating perceptions of product and service in multiple national markets and understanding the complexity and precedence of different legal frameworks in global trade.
Learning outcomes
By the end of the module, students should be able to:
- Critically explore the main strategic decisions to be taken when establishing international trading solutions.
- Demonstrate knowledge of the impact of global changes as they affect trade.
- Empirically evaluate international trade principles in order to design appropriate trading solutions in different international contexts.
- Evaluate and integrate principles for trading internationally in the areas of:- Operational, storage, customs, logistics and banking issues; Legal constraints and opportunities; Management of cross cultural, international virtual teams; Marketing of products and services nationally and internationally; Financial issues including sources of funds, transfer pricing and taxation.
Indicative reading list
Feenstra, R.C. and Taylor, A.M. (2017), International Trade, Worth Publishers Inc.,U.S.
Tams, C.J. and Tietje, C. (2012), Documents in International Economic Law: Trade, Investment and Finance, OUP Oxford.
Hill & Hult (2017) Global Business today. McGraw-Hill, U.S
Carr & Stone (2017) International Trade Law. Routledge, New York
Krugman, Obstfeld & Melitz (2014) International Trade: Theory and Policy. Pearson, UK
Hill (2017) International Business: Competing in a Global Market Place. McGraw-Hill, U.S
Hopkins (2017) Grow your global markets: A handbook for successful market entry. Apress, New York
Reuvid & Sherlock (2011) International Trade: An Essential Guide to the Principles and Practice of Export. Kogan, UK
Subject specific skills
Knowledge, critique and application of international trade, strategy and operations theory into practice
Transferable skills
Critical thinking, problem solving, communication, adaptability, teamwork
Study time
| Type | Required |
|---|---|
| Lectures | 26 sessions of 1 hour (26%) |
| Seminars | 18 sessions of 1 hour (18%) |
| Assessment | 56 hours (56%) |
| Total | 100 hours |
Private study description
No private study requirements defined for this module.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A1
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| Assessed work as specified by department | 100% | 56 hours | No |
|
Post Module Assignment (essay): 4,000-word coursework. |
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Assessment group R
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| Assessed work as specified by department | 100% | Yes (extension) | |
|
Written Assignment |
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Feedback on assessment
The standard WMG PMA feedback form providing marks broken down into Comprehension, Effort, Presentation and In module assessment and written comments in each of these areas.
Courses
This module is Core for:
- Year 1 of TWMA-H1NB Postgraduate International Trade, Strategy and Operations