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ENT318Management Sciences2 Unitsintermediate

Finance Of International Trade

This course provides an introduction to the theory of international trade and finance, focusing on current policy issues. It covers the flow of goods across countries, international trade, and the flow of savings and investments. Topics include globalization, free trade agreements, the U.S. current account deficit, exchange rates, European Integration, and global financial architecture following financial crises.

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200h
Study Time
13
Weeks
15h
Per Week
intermediate
Math Level
Course Keywords
International TradeFinanceGlobalizationForeign ExchangeTrade Agreements

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
📊
Math Level
Moderate Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

International Trade Theory

2

Foreign Exchange Markets

3

Incoterms

4

Methods of Payment

5

Export Incentives

6

Globalization

7

International Liquidity

Total Topics7 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assessments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Trade Analyst

Apply your skills in this growing field

Export Manager

Apply your skills in this growing field

Import Specialist

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

International Business Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingInternational TradeLogisticsSupply Chain ManagementGovernment

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

4h

Unit 1: International Trade: Introductory Overview

4 study hours
  • •Read the introduction to international trade.
  • •Understand the reasons for international trade.
  • •Differentiate between domestic and international trades.
  • •Learn about the benefits of international trade.
  • •Study the theories of Absolute and Comparative Advantage.
Week
2

MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

4h

Unit 2: Method of entry into overseas markets

4 study hours
  • •Examine the concept of market entry strategies.
  • •Describe the different forms of entry.
  • •Analyze the advantages and disadvantages of each entry method.
  • •Understand the basic issues involved in entering a foreign market.
Week
3

MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

4h

Unit 3: Incoterms

4 study hours
  • •Define Incoterms and their importance in international trade.
  • •List and define common Incoterms.
  • •Explain the responsibilities of importers and exporters under each Incoterm.
  • •Understand the relationship between Incoterms and the contract of carriage.
Week
4

MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

4h

Unit 4: Transport and Other Documents used in International Trade

4 study hours
  • •Identify and describe basic transport/shipping documents.
  • •Understand the purpose and use of each document.
  • •Learn about other transport/shipping documents and their functions.
Week
5

MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

4h

Unit 5: International liquidity and international monetary cooperation

4 study hours
  • •Define international liquidity.
  • •Discuss the relationship between international liquidity and trade.
  • •Explain the impact of international liquidity on exchange rates and economic efficiency.
  • •Understand international monetary cooperation.
Week
6

MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

4h

Unit 1: Method of Payment I

4 study hours
  • •Outline the methods of payment in international trade.
  • •Analyze payment in advance and open account methods.
  • •Understand the strengths and weaknesses of each method.
  • •Define collections and differentiate between clean and documentary collections.
Week
7

MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

4h

Unit 2: Method of Payment II

4 study hours
  • •Understand the role of the International Chamber of Commerce (ICC).
  • •Define documentary letters of credit.
  • •Describe the route structure of documentary letters of credit.
  • •Highlight the parties involved in the process.
Week
8

MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

4h

Unit 3: Settlement of International Transfers and Methods of Remittance of Funds

4 study hours
  • •Understand the importance of agency arrangements.
  • •Describe how nostro and vostro accounts work.
  • •Learn about the methods by which funds are remitted internationally.
  • •Understand the strengths and limitations of each method.
Week
9

MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

4h

Unit 4: Foreign Exchange System in Nigeria

4 study hours
  • •Trace the history of foreign exchange management in Nigeria.
  • •Highlight the importance of foreign exchange control regulations.
  • •Understand the role of participants in the foreign exchange market.
  • •Define and explain the concept of domiciliary accounts.
Week
10

MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

8h

Unit 6: Forward Exchange Contracts: Spot and Forward Rates

4 study hours
  • •Define exchange rates.
  • •Enumerate and explain the broad systems of exchange rate quotations.
  • •List the various types of exchange rates.
  • •Appreciate the use of forward exchange control including close-out and extension.

Unit 5: Management of Foreign Currency Exposure

4 study hours
  • •Determine the percentage cost of forward exchange contract and its application.
  • •List the benefits of forward exchange contracts.
Week
11

MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

4h

Unit 7: Financial Facilities for Inland and Foreign Travellers

4 study hours
  • •List the financial facilities available to inland and foreign travellers.
  • •Enumerate and discuss the advantages and disadvantages of each facility.
Week
12

MODULE 3: GLOBALIZATION

4h

Unit 1: Non-Monetary Incentives for Exporters

4 study hours
  • •Discuss the two major operators of the Export Credit Incentive.
  • •Enumerate the types of Incentives.
  • •State and explain the role of Nigeria Export Processing Zones.
  • •List and discuss the other Export Incentives available for exporters in Nigeria.
Week
13

MODULE 3: GLOBALIZATION

4h

Unit 2: Globalisation and Its Impact on World Economy

4 study hours
  • •Define the concept of globalization.
  • •List the features of globalisation.
  • •Enumerate the arguments for and against globalization.
  • •Highlight the arguments against globalization.
  • •State and explain the challenges of globalization to the developing economies.
  • •Discuss the new international economic order.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create flashcards for Incoterms and payment methods.

2

Practice exchange rate calculations from Units 7-9 weekly.

3

Review case studies in Units 3 and 5 to apply theoretical concepts.

4

Summarize key points from each unit at the end of the week.

5

Focus on understanding the roles of different international organizations.

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