Finance Of International Trade

1. Explain the principles of international trade and finance
2. Analyze foreign exchange markets and exchange rate dynamics
3. Apply Incoterms in international trade transactions
4. Evaluate different methods of payment in international trade
5. Assess the impact of globalization on the world economy

13 weeks, about 56 hours in total. Yours will differ.

1. Week 1MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

   • Unit 1: International Trade: Introductory Overview · 4 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..

2. Week 2MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

   • Unit 2: Method of entry into overseas markets · 4 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..

3. Week 3MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

   • Unit 3: Incoterms · 4 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..

4. Week 4MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

   • Unit 4: Transport and Other Documents used in International Trade · 4 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..

5. Week 5MODULE 1: INTERNATIONAL TRADE AND LIQUIDITY

   • Unit 5: International liquidity and international monetary cooperation · 4 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..

6. Week 6MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

   • Unit 1: Method of Payment I · 4 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..

7. Week 7MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

   • Unit 2: Method of Payment II · 4 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..

8. Week 8MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

   • Unit 3: Settlement of International Transfers and Methods of Remittance of Funds · 4 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..

9. Week 9MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

   • Unit 4: Foreign Exchange System in Nigeria · 4 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..

10. Week 10MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

    • Unit 6: Forward Exchange Contracts: Spot and Forward Rates · 4 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 hours

      Determine the percentage cost of forward exchange contract and its application.. List the benefits of forward exchange contracts..

11. Week 11MODEL 2: FOREIGN EXCHANGE AND FINANCE OF INTERNATIONAL TRADE

    • Unit 7: Financial Facilities for Inland and Foreign Travellers · 4 hours

      List the financial facilities available to inland and foreign travellers.. Enumerate and discuss the advantages and disadvantages of each facility..

12. Week 12MODULE 3: GLOBALIZATION

    • Unit 1: Non-Monetary Incentives for Exporters · 4 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..

13. Week 13MODULE 3: GLOBALIZATION

    • Unit 2: Globalisation and Its Impact on World Economy · 4 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..