ENERGY SYSTEMS ENGINEERING
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
IB4613	The New Trends and Techniques in International Trade Finance	Spring	3	0	3	6

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

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):	Instructor 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.

Learning Outcomes

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.

Course Content

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.

Weekly Detailed Course Contents

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

Sources

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

Evaluation System

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

ECTS / Workload Table

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

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Build up a body of knowledge in mathematics, science and Energy Systems Engineering subjects; use theoretical and applied information in these areas to model and solve complex engineering problems.
2)	Ability to identify, formulate, and solve complex Energy Systems Engineering problems; select and apply proper modeling and analysis methods for this purpose.
3)	Ability to design complex Energy systems, processes, devices or products under realistic constraints and conditions, in such a way as to meet the desired result; apply modern design methods for this purpose.
4)	Ability to devise, select, and use modern techniques and tools needed for solving complex problems in Energy Systems Engineering practice; employ information technologies effectively.
5)	Ability to design and conduct numerical or pysical experiments, collect data, analyze and interpret results for investigating the complex problems specific to Energy Systems Engineering.
6)	Ability to cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working on Energy Systems-related problems
7)	Ability to communicate effectively in English and Turkish (if he/she is a Turkish citizen), both orally and in writing. Write and understand reports, prepare design and production reports, deliver effective presentations, give and receive clear and understandable instructions.
8)	Recognize the need for life-long learning; show ability to access information, to follow developments in science and technology, and to continuously educate oneself.	3
9)	Develop an awareness of professional and ethical responsibility, and behave accordingly. Be informed about the standards used in Energy Systems Engineering applications.
10)	Learn about business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development.
11)	Acquire knowledge about the effects of practices of Energys Systems Engineering on health, environment, security in universal and social scope, and the contemporary problems of Energys Systems engineering; is aware of the legal consequences of Energys Systems engineering solutions.