Key words
Commercial and financial techniques, IWETO-code: S186 International trade
Objectives
- The student has to acquire an insight into the complexity of the present mercantile custom, actual trends and evolution.
- He has to gain insight into the structure of the Belgian system of rationing.
- He can evaluate the importance of export for the Belgian economy.
- He can put stresses on the European process of integration and can assess the consequences for trade and employment.
- The student gains an insight into the flexibility of the commercial process, the risks of business activities and he knows how to deal with them.
- The student has to acquire interest 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
No specific prescience required.
Final Objectives
Knowledge:
Job-related- Thorough knowledge of commercial and financial documents
Skills:
Job-related- Following the main economic sectors
- Being able to apply trading and financial techniques in given circumstances
Attitudes:
Job-related- Eagerness to learn and permanently bringing one's knowledge up to date
Materials used
Guidebook (Buitenlandse handel - Temmerman/Walters - uitgeverij de boeck).
Extra documentation through websites + own documentation and video data collected by students themselves.
Study costs
Guidebook at current market price and possibly some copies at unit price determined under Hogeschool rules.
Study guidance
Individual problems may be discussed with the lecturer.
Teaching Methods
- Formal lectures with mention of current sources.
- Follow topicality by every chapter.
- Students are encouraged to participate and teamwork is stimulated through interactive group discussions.
Assessment
- First exam session : 100% written exam
- Second exam session : 100% written exam
- Students who only register to take examinations: 100% written exam
Lecturer(s)
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