The context of world trade and its phenomenal growth in recent decades; Classic Models of Trade Theory, including the Ricardian theory of comparative advantage; the Heckscher–Ohlin model and the effect of international trade on income distribution, and more recent trade models incorporating economies of scale, imperfect competition and product differentiation; trade policy and the analysis of the economic effects of tariffs; and why countries join international trade agreements and how the World Trade Organisation (WTO) settles international trade disputes.
On successful completion of this module a student should be able to:
- Critically explore the main strategic decisions to be taken when establishing international trading solutions.
- Recognise the key issues in the management of national and international economies and their impact on trading decisions.
- 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.
|Coursework 1||Export Proposal (1000 words)||30%|
|Coursework 2||Export Plan & Risk Assessment (2000 words)||70%|
Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.
- Reuvid, J. and Sherlock, J. (eds.) (2008) The handbook of international trade: a guide to the principles and practice of export. 2nd edn. GMB Publishing.
- Turner, K. and Entrepreneur Press (2014) Start your own import/export business: your step-by-step guide to success. 4th edn. Entrepreneur Press. (Startup Series).
- Alan E. Branch , Export Practice and Management, April, 2006
- PIERCY, N. (1982) Export strategy: markets and competition. Allen & Unwin.