BUSN3037 Import-Export Theory and Practice

You are viewing an older version of this curriculum item. Select the current year or your commencing year of study from the drop down above. For Pre-2022 Course Rules, use the link located on the right-hand side of the screen.

Overview

This topic outlines the process of importing and exporting theory, and 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. Students will take on the role as consultants and work with real clients, with the ultimate aim of providing them with business advice that is actionable and evidence based. In doing so, students will work with them to critically analyse the organisations readiness to export a product overseas, critically analyse the product readiness for export, identify the strengths and weaknesses of the company, and develop a plan for the organisation to export its products overseas.

Topic availabilities

To view topic availabilities, select an availability from the drop down, towards the top right of the screen.

Tuition pattern

To view tuition patterns, select an availability from the drop down, towards the top right of the screen.

Aims

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 for organisations 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

Learning outcomes

On completion of this topic you will be expected to be able to:

Understand the current international trade environment

Undertake research that helps you 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

Assessments

To view assessment information, select an availability from the drop down, towards the top right of the screen.

Requisites information

Pre-requisites:

Handbook

Import-Export Theory and Practice

BUSN3037