| PSYCHOLOGY | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| IB4613 | The New Trends and Techniques in International Trade Finance | Fall | 3 | 0 | 3 | 6 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
| Language of instruction: | English |
| Type of course: | Non-Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Assist. Prof. BAHAR KÖSEOĞLU |
| Course Lecturer(s): |
Dr. Öğr. Görevlisi SELDA EKE |
| Recommended Optional Program Components: | The Handbook of International Trade and Finance, The Complete Guide for International Sales, Finance, Shipping and Administration by Anders Grath,Dec.28,2013 |
| Course Objectives: | The aim of the course is to teach the students the basic trade finance concepts and instruments currently used in international trade activities. |
|
The students who have succeeded in this course; 1. Understand the main risks in international trade, mainly credit risk and the methods to manage this risk 2. Learn some basic trade finance concepts such as pre shipment and post shipment finance and the role of the banks in trade finance from the perspective of a company's financial needs. 3. Have a general understanding of trade finance markets and learn about the products of different financial institutions 4. Learn how banking products would help to finance the working capital needs of the companies in conducting their trade activities 5. Learn the importance of delivery terms in managing delivery risks in international trade . 6. Understand how different payment methods would impose risks to the parties in international trade and how these risks are managed. 7. Understand how different payment methods would be used to manage the credit risk and that would be used to obtain finance for the parties in international trade. 8. Understand the alternative finance methods in addition to bank finance. 9. Understand the role of insurance in conducting international trade activities, especially how credit risks are managed through insurance and the market for it (i.e export credit insurance). 10.Enhance their understanding to judge the need to move from traditional trade finance to supply chain finance and to learn the main products in supply chain finance. 11. Explore the trade finance solutions and apply learnings to trade activities. |
| This course examines new trends in international trade and finance and the effects of innovative techniques such as digitalization, sustainability and fintech on the business world. Students will have the opportunity to develop strategic decision-making skills by analyzing dynamic changes in global markets. The teaching methods of this course include lecture, case study, guest speaker, reading, discussion and individual study. |
| Week | Subject | Related Preparation |
| 1) | Introduction: The syllabus will be explained. ( the course objectives and learning objectives will be explained ) Overview of world trade activities and the parties in international trade. | |
| 2) | Trade credit risk and credit risk management Foreign currency risk and FCY risk management Other major risks the companies should manage in international trade activities. Determining the financing needs of the companies through the operating cycle of companies ; S/T bank loans ( pre - post shipment finance) | |
| 3) | Main documents in international trade Draft ( B/E ) as a payment instrument. Terms of delivery ( INCOTERMS) | |
| 4) | Methods of payment I : Open account (Cash against goods ) cash in advance Documentary Collection (D/A, D/P) Cases | |
| 5) | Methods of payment II : The letter of credit (L/C) Types of L/Cs. Case | |
| 6) | Bonds and guarantees ( guarantees used in commercial activities) Minicases Standby letters of credit Surety bond | |
| 7) | Wrap up | |
| 8) | Midterm | |
| 9) | Credit insurance : Export and domestic credit insurance The market for credit insurance ; private and public ( export credit agencies , E.C.A.s) Overseas investments and investment risks. Political risk insurance | |
| 10) | Factoring Minicase | |
| 11) | Forfaiting Minicase | |
| 12) | Financial Leasing Minicase | |
| 13) | Uluslarası ticaretin finasmanında dijitalleşme, gelecek için bir vizyon Özet | |
| 14) | Wrap up mini cases |
| Course Notes / Textbooks: | The Handbook of International Trade and Finance, The Complete Guide for International Sales, Finance, Shipping and Administration by Anders Grath,Dec.28,2013 |
| References: | The Handbook of International Trade and Finance, The Complete Guide for International Sales, Finance, Shipping and Administration, Anders Grath ( available in Bahçeşehir University library in hard copy and also online among resources ) -The Fundamentals of Trade Finance , Joseph Greco and Brian Murray ( available in Bahçeşehir library in hard copy ) -Finance of International Trade, Eric Bishop ( available online in Bahçeşehir University library online ) -International Trade Finance, Tarsem Singh Bhopal, Arun Kumar Trivedi ( available online in Bahçeşehir University library online |
| Semester Requirements | Number of Activities | Level of Contribution |
| Attendance | 14 | % 5 |
| Quizzes | 1 | % 10 |
| Homework Assignments | 1 | % 20 |
| Midterms | 1 | % 25 |
| Final | 1 | % 40 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 60 | |
| PERCENTAGE OF FINAL WORK | % 40 | |
| Total | % 100 | |
| Activities | Number of Activities | Duration (Hours) | Workload |
| Course Hours | 14 | 3 | 42 |
| Application | 14 | 3 | 42 |
| Study Hours Out of Class | 6 | 9 | 54 |
| Homework Assignments | 1 | 8 | 8 |
| Quizzes | 1 | 1 | 1 |
| Midterms | 1 | 1 | 1 |
| Final | 1 | 2 | 2 |
| Total Workload | 150 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | To develop an interest in the human mind and behavior, to be able to evaluate theories using empirical findings, to understand that psychology is an evidence-based science by acquiring critical thinking skills. | |
| 2) | To gain a biopsychosocial perspective on human behavior. To understand the biological, psychological, and social variables of behavior. | |
| 3) | To learn the basic concepts in psychology and the theoretical and practical approaches used to study them (e.g. basic observation and interview techniques). | |
| 4) | To acquire the methods and skills to access and write information using English as the dominant language in the psychological literature, to recognize and apply scientific research and data evaluation techniques (e.g. correlational, experimental, cross-sectional and longitudinal studies, case studies). | |
| 5) | To be against discrimination and prejudice; to have ethical concerns while working in research and practice areas. | |
| 6) | To recognize the main subfields of psychology (experimental, developmental, clinical, cognitive, social and industrial/organizational psychology) and their related fields of study and specialization. | |
| 7) | To acquire the skills necessary for analyzing, interpreting and presenting the findings as well as problem posing, hypothesizing and data collection, which are the basic elements of scientific studies. | |
| 8) | To gain the basic knowledge and skills necessary for psychological assessment and evaluation. | |
| 9) | To acquire basic knowledge of other disciplines (medicine, genetics, biology, economics, sociology, political science, communication, philosophy, anthropology, literature, law, art, etc.) that will contribute to psychology and to use this knowledge in the understanding and interpretation of psychological processes. | |
| 10) | To develop sensitivity towards social problems; to take responsibility in activities that benefit the field of psychology and society. | |
| 11) | To have problem solving skills and to be able to develop the necessary analytical approaches for this. | |
| 12) | To be able to criticize any subject in business and academic life and to be able to express their thoughts. |