WM9D8-15 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.
The module will provide students with the opportunity to develop a thorough understanding of international trade theory, business behaviour, and trade policy. In doing so, it will explore the microeconomic fundamentals and strategic elements of trading internationally and globally.
The module will cover key areas of business in an international context including legal constraints and opportunities, marketing and sales, finance and operations, which will provide candidates the opportunity to consider these issues in detail in an applied context.
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.
To provide an understanding of the microeconomic and 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:
- finance and exchange risk management;
-operational aspects including logistics and customs;
-management of multinational and cross cultural teams;
-appreciating perceptions of product and service in multiple national markets;
-exploring the microeconomic fundamentals of trade for business strategy;
-understanding the complexity and precedence of different trade policy and legal frameworks in global trade.
The indicative content will look to explore the theory and application in relation to:
-Microeconomic and Macroeconomic fundamentals of Trade;
-Logistics and operations;
-Legal constraints and opportunities;
-Management of cross cultural and international teams;
-Marketing of products and services nationally and internationally;
-Finance including exchange rate risk management;
-Trade policy and the potential barriers to trade.
Learning outcomes
By the end of the module, students should be able to:
- Examine and evaluate relevant international trade theories.
- Critically assess the relevance of international trade theories to trade strategy and decision making.
- Critically explore the main strategic decisions to be taken when establishing international trading solutions.
- Empirically evaluate the impact of global changes as they affect trade.
Indicative reading list
View reading list on Talis Aspire
International
The nature of the module provides students with a global perspective on international trade, and takes account of intercultural differences and the international diversity of the student body on the degree programme.
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 | 14 sessions of 1 hour (9%) |
| Seminars | 16 sessions of 1 hour (11%) |
| Online learning (independent) | 16 sessions of 1 hour (11%) |
| Private study | 44 hours (29%) |
| Assessment | 60 hours (40%) |
| Total | 150 hours |
Private study description
Online learning (independent) - Allocated to give students the time to undertake preparatory background reading and will include asynchronous lecture recordings/moodle content.
Private Study - Allocated hours for the students to read/watch the materials supporting the lectures and to complete the homework (case-study exercises and questions) in advance of the F2F lectures and seminars. In addition to the post seminar questions (distributed at the end of each seminar day).
Costs
No further costs have been identified for this module.
You must pass all assessment components to pass the module.
Assessment group A1
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| Individual Multiple Choice Questionnaire (MCQ) | 25% | 15 hours | No |
|
Multiple choice test (typically scheduled to take place in week 2 of the 4 week teaching block) |
|||
| Individual written report | 75% | 45 hours | Yes (extension) |
Feedback on assessment
For the multiple choice test: Automated question bank and marking.
There is currently no information about the courses for which this module is core or optional.