International Trade

Subject: 2023/2024 - 2S

Programmes

Hours Effectively Taught

GCI1

Aims, Skills and Learning Outcomes

Descriptive summary of curricular unit
The curricular unit provides students with fundamental knowledge about the economic and legal framework of international trade. The program includes the study of the main issues related to international trade, with emphasis on the knowledge of the types and characteristics of contracts most frequently used, especially the buying and selling of goods at international level. It also makes it possible to raise awareness of the legal problems inherent in the negotiation and conclusion of contracts, contractual and non-contractual risks, as well as how to resolve any disputes arising therefrom.

Objectives and expected learning outcomes
1. Recognize and understand the objectives of international trade.
2. Conduct operations in an international context.
3. Identify the main procedures of international operations.
4. Understand financial and financing mechanisms in an international context.
5. Identify the logic of insurance and its importance in the context of international operations.
6. Identify and apply the Incoterms in international operations, including their impact on prices and contracts.

Skills to be developed
- Deep and highly specialized knowledge of national and international trade.
- Deep and specialized knowledge of payment systems and international collections.
- Deep and specialized knowledge of documentation in international trade operations.
- Incoterms deep and specialized knowledge.
- Deep and specialized knowledge of customs regimes and procedures.
- Comprehensive and specialized knowledge of risk management.
- Apply techniques of work organization in the development of import-export activity.
- Prepare and organize negotiations with foreign suppliers.
- Search and identify service providers for international trade operations (insurance, logistics, transport, financing, etc.).
- Evaluate the performance of service providers.
- Prepare and provide the necessary elements to the relevant services of the company, with the objective of holding partnership or service contracts.
- Define priorities and organize work.
- Demonstrate autonomy in the organization and performance of work.
- Manage time based on work plan and priorities.
- Demonstrate ability to work in teams and cooperate for common goals.
- Demonstrate attention to the opportunities and threats in the market.
- Demonstrate ability to methodically analyze critical information.
- Demonstrate flexibility by adapting to different situations and professional contexts (particularly intercultural) and avoiding situations of conflict or confrontation.
- Adapt the language to the characteristics of the interlocutors.
- Demonstrate loyalty and consideration for the interests of the company / organization.
Act in accordance with professional ethics and with quality standards.
- Demonstrate a sense of responsibility for the results of the work.
- Demonstrate ability to capitalize on your experience and implement best practices.

Programme

1.Introduction to International Trade
1.1. Historic evolution
1.2. Market globalization and international expansion.
1.3. The portuguese experience.

Demonstration of the syllabus coherence with the curricular unit's learning objectives

The approach to the program will allow students to acquire knowledge foreseen in the learning objectives and supported by the indicated bibliography and supporting texts provided during the lessons.
Objective 1 is addressed in chapter 1, which will focus on the contextualisation of trade, aiming at characterizing the phenomenon of globalization and highlighting the importance and objectives of international trade.
Objectives 2 to 6 are reached in chapters 2 and 3, where the main contributions of theories explaining international trade are identified, the areas of relevance in customs terms for economic operators that import and export, financing, risks and international payment methods, as well as the terms international trade standards.

Main literature

Supplementary Bibliography

Learning Methods

It is intended to encourage students to participate actively in the classes and in the (voluntary) process of continuous assessment, developing their critical ability and their skills for effective personal study. The active methods will be privileged through the use of case studies, group work and role-playing, in order to promote learning, audiovisual methods may also be used

Assessment Components

Avaliação distribuída com exame final

Assessment Components

Continuous Assessment

Individual written tests: 2 x 35%
Written group work: 30%, with submission on the E-Learning platform:(20% - Written work + 10% Presentation)

Under General Regulation:

a) The effective attendance of students in class will be recorded and, if the number of absences per student exceeds 30% of the total number of contact sessions for each course unit, will be automatically transferred to the final evaluation of the normal season;
b) In the written tests and in the defined evaluation elements it is necessary to obtain a minimum grade of 7.5 points;
c) If the student misses or achieves a grade lower than 7.5 points in the tests or evaluation elements referred to in the previous number, he / she will be automatically transferred to the final evaluation of the normal season;
d) If the student misses or achieves a grade lower than 7.5 points in the second written test (held on the same date as the final written test of the normal season), he / she may require registration for evaluation at the time of appeal;
e) All written academic work provided for in the assessment (reports, case studies, etc.) must be submitted to the Turnitin database, available on the ISAG E-Learning platform, with a similarity rate up to 30% acceptable.

Final Exam

Final Exam: 100%

Demonstration of the coherence between the teaching methodologies and the learning outcomes

The development of the classes will be accomplished by reconciling methodologies with the main objectives of the curricular unit. All the information elements will be provided so that the students assimilate the scientific and technical knowledge stipulated in the objectives of the curricular unit. Practical cases will be presented for each point of the program in order to develop discussion and critical reflection. The group work will make an important contribution to the achievement of the objectives defined in the program of the curricular unit. The presentations of the works are an important engine for the sharing of knowledge as well as the capacity for critical analysis.