COMMERCIAL AND FINANCIAL TECHNIQUES
 
Lectured in 1st year Bachelor in business studies - Main Subject: Environmental Management
Theory [A] 37.5
Exercises [B] 0.0
Training and projects [C] 0.0
Studytime [D] 125
Studypoints [E] 5
Level introductory
Language of instruction Dutch
Lecturer Werner HAESAERTS
Reference RCBMGI01A00004
 
Key words
Commercial and financial techniques, IWETO-code S186 International trade

Objectives
The course aims at giving the student an insight into the complexity of commerce, current tendencies and evolution.
  • The student gets an insight into the structure of the Belgian distribution sector.
  • He can evaluate the importance of export for the Belgian economy.
  • The student gains an insight into the flexibility of the commercial process, the risks of business activities and knows how to deal with them.
  • The student should be interested in the latest global business activities.
  • The student gets a survey of current business documents and techniques , financial products, payment techniques and the different financial techniques related to commerce.


Topics
  • Trade : origin
  • Organisation of trade and distribution
  • Intermediaries in trade
  • The trade balance
  • Characteristics of Belgian international commerce
  • Trade policies and treaties
  • European integration
  • Customs' legislation in international commerce
  • Discussion of current trading techniques, financial products
  • Documents required in international commerce
  • Payment and financial techniques
  • Risk management
  • Financial sector and organization of the commodity trade in the present global context


Prerequisites
None

Final Objectives
KNOWLEDGE: Job-related
  • Basic knowledge of commercial and financial documents
  • Thorough knowledge of commercial documents
  • Thorough command of trading and financial techniques
  • Knowledge of judicial, economic and accounting documents
SKILLS: Job-related
  • Following the main economic sectors
  • Being able to apply trading and financial techniques in certain circumstances
ATTITUDES: Job-related
  • Eagerness to learn
  • Bringing one's knowledge up to date


Materials used
Textbook and papers 'Buitenlandse Handel Temmerman Walters, uitgeverij Standaard; papers lecturer, extra documentation collected by the students themselves (via websites etc).

Study costs
Cost of syllabus and some extra copies.

Study guidance
Individual problems may be discussed with the lecturer.

Teaching Methods
Formal lectures with mention of current sources.
Students are encouraged to participate and teamwork is stimulated.

Assessment
  • First exam session : 100% written exam
  • Second exam session : 100% written exam
  • Examination Board Flemish Community (ditto regular student)


Lecturer(s)